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Antimicrobial Textile Market Size, Key Drivers, Growth, Demand, Analysis: 2024-2033
Antimicrobial Textile Market Size
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According to The Business Research Company's, The antimicrobial textile market size has grown rapidly in recent years. It will grow from $11.77 billion in 2023 to $12.94 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to economic growth, increased consumer awareness regarding health and hygiene, rise in demand for high-quality textile products, rapid industrialization, stringent industrial safety regulation.
The antimicrobial textile market size is expected to see strong growth in the next few years. It will grow to $18.87 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to growing demand for medical applications, increasing healthcare expenditure, growth in the geriatric population, increasing public transportation . Major trends in the forecast period include sustainable antimicrobial textiles, smart and wearable antimicrobial textiles, antiviral textiles, odor control textiles, collaboration with healthcare industry.
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Market Drivers and Trends:
An increase in consumer awareness regarding health and hygiene is contributing to the growth of the antimicrobial textile market. The COVID-19 pandemic has raised awareness about health and cleanliness, as well as increased demand for antimicrobial textiles that can kill viruses. As a result, the textile industry's companies are rapidly developing antimicrobial products. For example, in 2021, a survey of 306 participants was conducted online, with 49.3% females and 50.6% males from five major cities: Delhi, Bengaluru, Mumbai, Kolkata, and Chennai, and it revealed that consumer awareness of hygiene, health, and environmental issues will influence the purchase of antimicrobial textiles. Moreover, according to a poll by E Times in 2021, the COVID-19 pandemic has transformed Indians' attitudes toward health, with 70% saying they will prioritize food and lifestyle adjustments in 2021 to manage both physical and emotional health. Therefore, an increase in consumer awareness regarding health and hygiene will drive the growth of the antimicrobial textile market going forward.
Technological advancement is a key trend gaining popularity in the antimicrobial textile market. Major companies operating in the antimicrobial textile sector are focused on developing a new technological solution to reduce the spread of the virus and meet consumer demand. For instance, in September 2023, Microban International, a US-based antimicrobial additive and odour control solution, launched a next-generation antimicrobial technology called Ascera that uses an active ingredient inspired by nature and is designed for use in olefinic polymers and solvent-based coatings. Patent-pending Ascera is sustainable, metal-free, and less toxic than alternative technologies.
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Major Key Players of the Market:
Milliken & Company, PurThread Technologies, Trevira GmbH, Thai Acrylic Fiber Co. Ltd., Vestagen Protective Technologies Inc., Herculite Products Inc., BASF SE, Dow Chemical Company, Sanitized AG, LifeThreads LLC, Surgicotfab Textiles Private Limited, Sciessent LLC, Kolon Industries Inc., Aditya Birla Management Corporation Pvt. Ltd., Response Fabrics Pvt. Ltd., Fuji Chemical Industries Ltd., Indorama Ventures Public Company Limited, Sarex Textile Chemicals, Toyobo Co. Ltd., Vardhman Holdings Limited, Unitika Ltd., Barjan Manufacturing Ltd., Stafford Textile Ltd., Maine-Lee Technology Group LLC, Meditex Technology, BioCote Limited, Birlacril Co., Jinda Nano Tech Co. Ltd., UNITIKA Ltd., Microban International, HeiQ Materials AG, Noble Biomaterials Inc.
Antimicrobial Textile Market 2024 Key Insights:
• The antimicrobial textile market size is expected to see strong growth in the next few years. It will grow to $18.87 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.
• Consumer Awareness Of Health And Hygiene Driving Growth In Antimicrobial Textile Market
• Technological Advancements Drive Innovation In Antimicrobial Textile Market
• North America was the largest region in the antimicrobial textile market in 2023
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