The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Antimicrobial Textile Market.
It was estimated prior to this unanticipated outbreak that the Antimicrobial Textile Market was expected to grow at a CAGR of 5.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Antimicrobial fabrics are made or treated with antimicrobial chemicals that restrain the growth of bacterial microbes on the fabric. There is a tremendous demand for antimicrobial fabrics from the healthcare industry as they are majorly used in clinics and hospitals to maintain the hygiene. Apart from the healthcare industry, antimicrobial fabrics are massively used in the sports industry.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the active agent type, the market is segmented as synthetic organic compounds, metal & metallic salts, and bio-based active agents. The synthetic organic compounds segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Synthetic organic compounds have low cost compared to metal & metallic salts and bio-based active agents. Synthetic organic compounds mainly include quaternary ammonium compounds, triclosan, and polyhexamethylene biguanides. The excellent efficiency of these compounds against a wide array of microbes is expected to drive the antimicrobial textile market.
Based on the application type, the antimicrobial textile market is segmented as medical textiles, implantable good, non-implantable good, commercial textiles, apparel, home textiles, industrial textile, and others. The medical textile segment dominates the market, owing to the high risk of infection in healthcare facilities, different agencies such as Center for Disease Control (CDC) along with hospital management have started encouraging the use of antimicrobial fabric in medical-related textiles. Application of medical textile includes attire, sheets & blankets, and surgical supplies & wipes.
In terms of regions, North America is estimated to be the largest market during the forecast period, with the USA, Canada, and Mexico being the key countries with lucrative growth opportunities. The growth of the market is driven by rising consumer awareness regarding spreading of diseases which has led to the demand for better quality material with regard to the maintenance of health and hygiene.
Key Players:
Some of the major antimicrobial textile manufacturers are-