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Antimicrobial Textile Market | Key players operating in the market include Milliken & Co, Unitika Ltd., Trevira GmbH, Thai Acrylic Fibre, PurThreads Technologies
Antimicrobial Textile Market, Antimicrobial Textile Industry, COVID 19 impact on Antimicrobial Textile Market
Browse 77 market data Tables and 34 Figures spread through 126 Pages and in-depth TOC on "Antimicrobial Textile Market - Global Forecast to 2024"
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The medical textile application segment is projected to witness the highest CAGR in the antimicrobial textile market in the forecast period. The medical textile application includes the usage of medical textile in the manufacture of attire, sheets & blankets, surgical supplies & wipes. Antimicrobial textiles are used to prevent Hospital Acquired Infections (HAIs) in healthcare facilities. Every year HAIs cost many lives along with millions of dollars as collateral. The use of antimicrobial textile in hospitals prevents HAIs from spreading, thus, saving both lives and money.
The synthetic organic compounds active agent will drive the antimicrobial textiles market. Synthetic organic compounds include quaternary ammonium compounds, triclosan, polyhexamethylene biguanides (PHMB), and others. Synthetic organic compounds are cheaper than the alternatives and are effective on a wide range of microbes, bacterium, and fungi.
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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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