Antimicrobial Textiles Market Outlook - 2027
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 CAGR of 7.4% from 2020 to 2027.
Antimicrobial textiles are fiber substrates to which antimicrobial agents are applied. They improve the lifespan and performance of consumer products. Rise in demand for antimicrobial sports wears and awareness regarding health and hygiene boosts the market growth. However, volatility of raw material prices and stringent environmental rules in developed regions hinder the antimicrobial textiles market growth. On the contrary, rise in the healthcare sector in developing regions is expected to offer lucrative opportunities for industry participants during the forecast period.
The outbreak of the COVID-19 has resulted in increase in R&D activities for antimicrobial textiles. For instance, silver nanoparticle-combined fabric can disable SARS-CoV-2 virus, which is one of the recent developments related to silver nanoparticle in Brazil. In partnership with different universities, Nanox developed a fabric with silver microparticles included on its surface, with the potential to defuse the SARS-CoV-2 virus in laboratory tests. In these tests, the material killed 99.9% of the virus just after few minutes of exposure.
The antimicrobial textiles market is segmented on the basis of fabric, active agents, application, and region. By fabric, the market is divided into polyester, polyamide, cotton, and others. On the basis of active agent, it is categorized into metal & metallic salts, synthetic organic compounds, and bio-based agents. By application, it is divided into medical textiles, home textiles, apparels, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The antimicrobial textiles market share is analyzed for all regions and segments
The antimicrobial textiles market analysis covers in-depth information of the major industry participants. Some of the major players in the market include Aditya Birla Group (ABG), Fuji Chemical Industries, Ltd., Herculite, Inc., Indorama Ventures Public Company Limited., (IVL), Kolon Industries, Inc., Response Fabrics (India) Pvt. Ltd., (Response Fabrics), Sanitized AG, Sarex Textile Chemicals, Toyobo Co., LTD. (Toyobo), and Vardhman Holdings Limited (Vardhman Holdings).
Other players in the antimicrobial textiles market include Unitika Ltd., Purthread Technologies Inc., Barjan Manufacturing Ltd., Stafford Textile Ltd, Maine-Lee Technology Group, Llc, Meditex Technology, and Medtronic.
Key players adopt numerous strategies, such as product launch, business expansion, acquisition, partnership, collaboration, joint venture, and agreement to stay competitive in the antimicrobial textiles market.
For instance, in November 2019, Indorama Ventures Public Company Limited (Indorama Ventures) acquired Sinterama S.p.A. It also acquired all of its subsidiaries. The acquisition of Sinterama includes production sites in four countries: Brazil, China, Italy, and Bulgaria with a total capacity of around 30,000 tons per annum (TPA). Sinterama offers a vast range of colored polyester yarns for numerous industries such as furnishing and automotive. This acquisition has reinforced its presence in the textile sector.
In addition, Vardhaman Textiles launched a new array of fabrics with anti-bacterial and anti-viral characteristics named Travel Shield. Travel Shield is a range of fabrics with properties such as breathability and stain &water resistance. These fabrics help to reduce the risk of novel corona virus when used in garment manufacturing.
Polyester is projected as the most lucrative segment.
Antimicrobial Textiles Market, by Fabric
By fabric, the polyester segment garnered 42.6% share, in terms of revenue, in 2019 and is expected to grow at CAGR of 7.8% during the forecast period. The Asia-Pacific polyester antimicrobial market is
expected to be the fastest growing market with a growth rate of over 8.3% during the forecast period. This is attributed to significant advancements in home furnishing and flooring activities, owing to rise in construction in commercial and residential buildings in emerging economies such as India and China.
By Active Agents
Biobased Agents is projected as the most lucrative segment.
Antimicrobial Textiles Market, by Active Agents
By active agents, the bio-based agent segment is expected to grow at a CAGR of 7.8%, in terms of revenue, during the forecast period. The significant advantage of using bio-based compounds as antimicrobial agents is that they do not exhibit side effects such as toxicity and pollution as synthetic chemicals. In addition, these agents offer advantages such as easy availability and safety.
Medical Textiles is projected as the most lucrative segment.
Antimicrobial Textiles Market, by Application
By application, the medical textiles segment garnered 43.1% share in 2019, in terms of revenue. Healthcare workers are exposed to harmful microbes, owing to which the application of antimicrobial textiles is dominant in the medical textile segment.
Asia-Pacific holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.
Antimicrobial Textiles Market, by Region
Region wise, Asia-Pacific is expected to be the fastest growing region, in terms of revenue. It is expected to grow at a CAGR of 7.8% during the forecast period. This is attributed to rise in demand for medical textiles in the region, owing to growth in the healthcare sector.
Key benefits for stakeholders
- The report outlines the current market trends and future scenario of the market from 2019 to 2027 to understand prevailing opportunities and potential investment pockets.
- The report provides in-depth analysis of the market along with the current and future antimicrobial textiles market trends.
- This report highlights the key drivers, opportunities, and restraints of market along with the impact analysis during the forecast period.
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- The antimicrobial textiles market size is provided for fabric types, applications, and others.
- The study provides a comprehensive analysis of the factors that drive and restrain the market growth.
Impact of COVID-19 on the antimicrobial textiles market
- The outbreak of COVID-19 has affected demand as well as manufacturing of antimicrobial textiles in supply regions.
- In addition, adoption of best hygiene practices by healthcare staff, owing to outbreak of COVID-19 has increased the demand for medical antimicrobial textiles.
- The COVID-19 crisis has affected the chemical industry supply chain to a major extent. Therefore, this led to a major impact on raw material procurement.
Antimicrobial Textiles Market Report Highlights
By Active Agents
Key Market Players
SANITIZED AG, Indorama Ventures Public Company Limited., Response Fabrics (India) Pvt. Ltd, Herculite, Inc., Fuji Chemical Industries, Ltd., Vardhman Holdings Limited, TOYOBO CO., LTD., Kolon Industries, Inc., Aditya Birla Group
According to CXOs of key industries active in the market, demand for antimicrobial textile is witnessing significant growth, owing to rise in awareness regarding benefits of antimicrobials textile products. In addition, Asia-Pacific is expected to be the demand center for the market, owing to presence of emerging countries such as India and China. Moreover, Asia-Pacific not only has a rising consumer base for antimicrobials textile products but also has presence of many key players of the market.
However, one of the major challenges about utilization of antimicrobial textiles is environmental concerns as it has been produced by using synthetic organic solvents. Rise in concerns regarding use of organic solvents and their affect on environment restrains the market growth.