Growing awareness among consumers and rising application of antimicrobial textiles in the medical industry is propelling the market
Antimicrobial textiles play an important role in the global healthcare industry as it helps in reducing the risk of healthcare associated infections. According to World Health Organization (WHO), healthcare associated infections or infections acquired in healthcare settings are the most frequent adverse event in healthcare delivery worldwide. In addition, hundreds of millions of patients are affected by health care-associated infections worldwide each year, leading to significant mortality and financial losses for health systems. Also, increasing consumer awareness regarding microorganism resisting fabric in the wake of COVID-19 has increased the demand of antimicrobial textiles.?
COVID-19 had not a significant impact on the antimicrobial textile industry as consumers are purchasing antimicrobials comprised product in order to kill or inhibit the growth of microorganism. Further, continuous demand of medical consumables aids in maintaining the demand of antimicrobials textile. However, halted supply chain and manufacturing operations couple with fluctuating raw material prices are some of factors which has somewhat affected the growth of the market.
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According to UnivDatos Market Insights (UMI)’ research report “Global Antimicrobial Textile Market”, the market is expected to witness a CAGR growth of ~7% during the forecast period 2021-2027F. Increasing application of antimicrobial textiles in medical textiles, growing consumer awareness about hygiene in emerging economies, and creation of new opportunity areas for antimicrobial additives in textile industry in the light of COVID-19 are some of the key attributable factors for the growth of the market.?
Based on active agent, the market is categorized into synthetic organic agents, metal & metallic salts, bio-based agents, and others. Among these, synthetic organic agents held the significant share in the market due to their ability to showcase high efficiency with large number of microbes that can affect the fabric condition?
Based on application, the market is divided into medical, apparel, home, commercial, industrial, and others. Among these, medical held the significant market share in the global antimicrobial textile market and is expected to showcase the considerable growth during the forecast period. This can be mainly attributed to the use of antimicrobial textiles in medical sector from many years in order to reduce the infections cases. In hospitals, antimicrobial textiles are used in attire, surgical supplies & wipes, sheets & blankets, and others. Further, increase in consumer income increases the numbers of hospital care patients, thus increasing the demand of consumables uses in the hospitals. This is further, propelling the market of antimicrobial textiles.?
North America held considerable portion of the pie in 2020
Based on region, the report provide detail analysis for overall adoption of Antimicrobial Textile in major region including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. North America held the prominent share in the global antimicrobial textiles market and is likely to showcase significant growth during the forecast period as well. This can be mainly attributed to its vast medical industry and stringent regulation and protocol while dealing with patients. In addition, high consumer awareness and presence of numbers of medical textile manufacturing companies in the region has further propel the region market of antimicrobial textiles. Further, in light of COVID-19, stringent measures taken by the governments and by people to reduce the spread of disease is working as an ignition to the antimicrobial textile market in the region. As of March 16, 2021, there have been almost 121 million cases of COVID-19 worldwide. The disease has impacted more than 210 countries and territories, with the US confirming around one-fifth of all global cases. Therefore, it has become imperative to decipher the transmission chain of the virus which in turn will help in controlling the spread of this virus. This had resulted in the increased demand of products which comprised of antimicrobial properties.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Antimicrobial Textile market are Milliken & Company, PurThread Technologies, Trevira GmbH, Thai Acrylic Fiber Co. Ltd., Toyobo Co. Ltd., Life Threads LLC, Herculite Inc., Smith & Nephew, Sinterama S.p.A., and Unitika Ltd. These companies are taking several strategic decisions to increase their market share and revneue.
Some of the instances are:
§?In March 2021, Milliken & Company announced the acquisition of Zebra-chem GmbH, a global chemical company known for its peroxide and blowing agent masterbatches. Peroxide masterbatches, like those from Zebra-chem and Milliken, make it possible to incorporate up to 100% recycled content into these new plastics
§?In January 2020, Milliken & Company completed the acquisition of Borchers Group Limited, a global specialty chemicals company known for its innovative high-performance coating additives and specialty catalyst solutions from The Jordan Company L.P.
“Global Antimicrobial Textile Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.???
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Market Segmentation:
1.?????By Active Agent (Synthetic Organic Agents, Metal & Metallic Salts, Bio-Based Agents, and Others)
2.?????By Fibers (Cotton, Polyester, Polyamide, and Others)
3.?????By Application (Medical, Apparel, Home, Commercial, Industrial, and Others)
4.?????By Region (North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)
5.?????By Company (Milliken & Company, PurThread Technologies, Trevira GmbH, Thai Acrylic Fiber Co. Ltd., Toyobo Co. Ltd., Life Threads LLC, Herculite Inc., Smith & Nephew, Sinterama S.p.A., and Unitika Ltd.)
Key questions answered in the study:
1.?????What are the current and future trends of the global Antimicrobial Textile industry?
2.?????How the industry has been evolving in terms of type and application?
3.?????How the competition has been shaping across the countries followed by their comparative factorial indexing?
4.?????What are the key growth drivers and challenges for the global Antimicrobial Textile industry?
5.????What are the customer orientation, purchase behavior, and expectations from the global Antimicrobial Textile suppliers across various region and countries?