Antimicrobial Textiles Market to show Robust Growth in Upcoming Years

The global antimicrobial textiles market has been on a steady rise, as indicated by Allied Market Research's report titled "Antimicrobial Textiles Market by Fabric, Active Agent, and Application: Global Opportunity Analysis and Industry Forecast 2020-2027." In 2019, the industry amassed $10.0 billion and is forecasted to reach $18.2 billion by 2027, exhibiting a notable CAGR of 7.4%.

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Key Drivers, Restraints, and Opportunities:

The surge in demand for antimicrobial medical textiles within the healthcare sector and increased awareness regarding health and hygiene are significant drivers of market growth. However, concerns about environmental and health impacts associated with antimicrobial agents, coupled with fluctuations in raw material prices, pose challenges. Conversely, the burgeoning healthcare sector in emerging economies presents promising opportunities.

Covid-19 Impact:

The Covid-19 pandemic bolstered demand for antimicrobial textiles, driven by heightened hygiene practices among medical personnel and the general public. However, manufacturing disruptions and supply chain constraints resulting from pandemic-induced lockdowns created a supply-demand gap. Furthermore, increased research and development efforts aimed at producing antimicrobial textiles effective against coronavirus highlight the industry's response to the pandemic.

Segment Insights:

Cotton dominates the fabric segment, holding the largest market share in 2019 and is expected to maintain its lead position throughout the forecast period. Polyester, on the other hand, is projected to register the highest CAGR, driven by rising disposable income and awareness of antimicrobial home textiles in developing nations.

In terms of applications, medical textiles led the market in 2019 and are anticipated to maintain their dominance, fueled by the burgeoning healthcare industry in regions like Asia-Pacific and LAMEA.

Regional Outlook:

North America led the market in 2019 and is poised to maintain its revenue dominance through 2027, attributed to a well-established consumer base and heightened awareness of health and hygiene. Conversely, Asia-Pacific is expected to witness the highest CAGR, buoyed by a developing healthcare sector, the presence of major textile manufacturers, and increased spending on military fabrics.

Leading Players:

Key market players include Aditya Birla Group, Fuji Chemical Industries Ltd., Herculite Inc., Indorama Ventures Public Company Limited, Kolon Industries Inc., Response Fabrics (India) Pvt. Ltd., Sanitized AG, Sarex Textile Chemicals, Toyobo Co. Ltd., and Vardhman Holdings Limited.

The report provides comprehensive insights into the market dynamics, including drivers, restraints, opportunities, and Covid-19 impact, aiding stakeholders in making informed decisions.

Obtain Report Details: https://www.alliedmarketresearch.com/antimicrobial-textiles-market-A07935

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