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Aug 21, 2019 10:00 AM ET

Antimicrobial Textile Market Projected to Reach $12.3 billion in 2024

iCrowd Newswire - Aug 21, 2019

According to the new market research report Antimicrobial Textile Market by Active Agents (Synthetic Organic Compounds, Metal & Metallic Salts, Bio-based), Application (Medical Textiles, Apparels, Home Textiles), Fabric (Cotton, Polyester, and Polyamide), and Region – Global Forecast to 2024″, The antimicrobial textile market is expected to reach USD 12.3 billion by 2024, at a CAGR of 5.4 % between 2019 and 2024.

Rise in awareness regarding health and hygienic products and prevention against Hospital Acquired Infections (HAIs) will drive the antimicrobial textile market.

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MarketsandMarkets projects that the global antimicrobial textile market will grow from USD 9.5 billion in 2019 to USD 12.3 billion in 2024, at a CAGR of 5.4% during the forecast period.  Antimicrobial textiles are developed by using two raw materials, namely, the fabric and antimicrobial active agent, which render the antimicrobial properties to the fabric. The growth of antimicrobial textiles is attributed to the rising demand for healthy and hygienic products owing to the infectious outbreaks of Ebola virus, avian influenza, and other such disease-causing bacteria.

Textiles are most prone to bacterial growth as they are exposed constantly to moisture, warmth, and organic matter. The primary consumer of antimicrobial textiles are hospitals to prevent Hospital Acquired infections (HAIs) that not only cost lives but also result in enormous losses for the healthcare industry. Upcoming uses in sportswear are also expected to drive the antimicrobial market growth.

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The global market size of antimicrobial textile is projected to grow from USD 9.5 billion in 2019 to USD 12.3 billion by 2024, at a compound annual growth rate (CAGR) of 5.4% during the forecast period. The primary driving factor for the market is the use of antimicrobial textile in prevention against Hospital Acquired Infections (HAIs). Textiles are a major source of spreading infectious diseases as they are in constant exposure outside atmosphere and can retain moisture, which makes it suitable for the growth of harmful bacteria, viruses, and fungi. Rising awareness regarding health and hygiene has led to an increase in demand for antimicrobial textiles in the manufacture of apparels as well.

The leading antimicrobial textile manufacturers are Milliken & Company (US), Trevira GmbH (Germany), Thai Acrylic fiber Co. Ltd. (Thailand), Unitika Ltd. (Japan), PurThread Technologies Inc. (US), Lifethreads LLC (US), Vestagen Protective Technologies, Inc. (US), Herculite Inc.(US), Smith and Nephew PLC (UK), and Sinterama (Italy).

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Milliken & Company is the leading producer of antimicrobial textiles in the market. It manufactures and sells chemicals, floor coverings, fabrics, textiles, and composites. The company supplies antimicrobial textiles globally throughout America, Europe, and Asia. The company is backward integrated and hence produces antimicrobial active agents as well as the fabrics, thus removing the dependency on suppliers of antimicrobial active agents. The company also provides antimicrobial additives for diverse applications such as textile, apparel & footwear, sports & witness and medical. The company recently acquired Polartec LLC (US), which is a strong global brand known for its innovative performance textiles for outdoor and military apparel, from Versa Capital Management, LLC (US).

Unitika Ltd. is a Japanese manufacturer of antimicrobial textiles, the company’s high value-added textile material offers products in the category such as sports, uniform, and lifestyle. The company has followed backward integration by manufacturing antimicrobial active agents as well as supplying antimicrobial textiles such as Unifresher and Nanophase.  The company has 31 consolidated subsidiaries with Unitika Trading Co., Ltd., and Nippon Ester Co., Ltd. as major consolidated subsidiaries. Unitika has its operations across China, Germany, Japan, Vietnam, and the US.

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Keywords:    Antimicrobial Textiles Market, Antimicrobial Textiles

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