Antimicrobial Textiles Market Review: Development Strategies for Leading Companies

According to a report by Allied Market Research, the global antimicrobial textiles market was valued at $10.0 billion in 2019 and is projected to reach $18.2 billion by 2027, growing at a compound annual growth rate (CAGR) of 7.4% from 2020 to 2027. This report provides a comprehensive analysis of market dynamics, key players, winning strategies, crucial segments, value chain, and competitive landscape.

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Market Growth Drivers:

• Increased Demand in Healthcare: The rise in demand for antimicrobial medical textiles within the healthcare industry is a significant growth driver.
• Health Consciousness and Hygiene Awareness: A surge in health-conscious individuals and heightened awareness about hygiene are propelling market expansion.

Market Restraints:

• Environmental and Health Concerns: Utilization of antimicrobial agents raises environmental and health-related concerns, potentially hindering market growth.
• Raw Material Price Fluctuations: Variations in raw material prices pose another challenge to market stability.

Opportunities:

• Emerging Markets: Enhanced healthcare infrastructure in emerging countries offers new growth opportunities in the upcoming years.

Impact of COVID-19:

• Increased Demand: The pandemic heightened the demand for antimicrobial textiles among medical professionals and the general public due to a focus on hygiene.
• R&D Momentum: There has been significant progress in R&D activities aimed at developing textiles capable of reducing coronavirus infection risks to nearly zero. Efforts are underway to create textiles that can eliminate 99.99% of the virus within minutes of exposure.
• Supply Chain Disruptions: Lockdowns led to manufacturing disruptions, raw material shortages, and distribution challenges, creating a supply-demand gap expected to close post-lockdown.

Market Segmentation:

• By Fabric:
  • Polyester: Anticipated to witness the highest CAGR of 7.8% from 2020 to 2027.
  • Cotton: Dominated the market in 2019 with nearly half of the total share and will maintain its leading position through the forecast period.
• By Application:
  • Medical Textiles: Held over two-fifths of the market share in 2019 and is projected to continue leading with the fastest CAGR of 7.8% from 2020 to 2027.
  • Other Segments: Include home textiles, apparels, and more.

Regional Insights:

• North America: Accounted for the highest market share in 2019 (over one-third) and will continue to lead in revenue terms.
• Asia-Pacific: Expected to exhibit the largest CAGR of 8.0% from 2020 to 2027.

Key Market Players: The report analyzes key players, including:

• Aditya Birla Group (ABG)
• Herculite, Inc.
• Fuji Chemical Industries, Ltd.
• Kolon Industries, Inc.
• Indorama Ventures Public Company Limited (IVL)
• Sanitized AG
• Response Fabrics (India) Pvt. Ltd.
• Toyobo Co., Ltd.
• Sarex Textile Chemicals
• Vardhman Holdings Limited

For more detailed information and insights, you can download the PDF brochure and get a detailed COVID-19 impact analysis on the antimicrobial textiles market from Allied Market Research.

• Get Detailed COVID-19 Impact Analysis
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About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.