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(MoneyNewsWire.Net, March 28, 2018 ) The antimicrobial textiles market is projected to reach USD 1,076.1 Million by 2026, at a CAGR of 7.4% from 2016 to 2026. The antimicrobial textiles market is driven by the need for hygiene products to combat the increasing number of infections due to microorganisms. The antimicrobial textiles market is witnessing high growth owing to the increasing end-use applications such as, medical textiles, and apparel, technological advances, and the high demand in the Asia-Pacific region.
The antimicrobial textiles market is segmented on the basis of agents into, synthetic organic compounds, metal & metallic salts, and bio-based. Each of these agents is further classified into subsegments. Synthetic organic compounds account for the largest segment in the antimicrobial textiles market.
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Medical is estimated to be the fastest growing application of antimicrobial textiles. The medical segment is projected to drive the antimicrobial textiles market from 2016 to 2021 due to the growing healthcare market, increasing consumer awareness regarding health and hygiene, and the increasing usage of antimicrobial textiles in medical products such as, surgical supplies, curtains, beddings, and upholstery items. Apparel is also projected to grow at a significant rate as a result of the growing demand for products such as, sportswear and intimates. For these products, the necessary requirements are hygiene, safety, and odor control. Antimicrobial textiles can inhibit bacteria growth and control odor and hence are largely preferred for apparel products.
The Asia-Pacific region is the fastest-growing market for antimicrobial textiles in terms of value and volume, globally. Growing industrialization backed by infrastructure development has offered high growth opportunities for the antimicrobial textiles market in the Asia-Pacific region. The increasing economic growth, changing lifestyles, rising disposable incomes, and significant investments in industries such as, healthcare and manufacturing drives the antimicrobial textiles market in the region.
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Environmental concerns relating to the use of a few antimicrobial agents such as triclosan and Polyhexamethylene biguanide (PHMB) in the production of antimicrobial textiles, and the required compliance to the stringent regulations are factors restraining the growth of the market.
Partnerships, agreements and collaborations, as well as new product developments were the major strategies adopted by most players in the market. Companies such as, SANITIZED AG (Switzerland), Microban International, Ltd. (U.S.), Sciessent LLC (U.S.), Milliken Chemical (U.S.), The Dow Chemical Company (U.S.), Lonza Group AG (Switzerland), Trevira GmbH (Germany), Herculite Products, Inc. (U.S.), LifeThreads LLC (US), PurThread Technologies, Inc. (U.S.), Unitika Trading Co., Ltd. (Japan), BioCote Ltd. (U.K.), BASF SE (Germany), Vestagen Protective Technologies, Inc. (U.S.) were the key players who adopted these strategies to increase their product offerings, expand customer bases, and to stay ahead of competitors.
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