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The global antimicrobial textiles market size is anticipated to reach USD 13.89 billion by 2027 attributed to the increasing prevalence of infectious diseases worldwide. Antimicrobial agents are additives used on textile fabrics for the prevention of microorganisms growing on the fabric material. Such agents are introduced to the fabric through dyes and inks while spinning or extrusion process. The breeding and growth of microbes on the fabric depend upon the properties of the absorption of the fabric. Fortune Business Insights in their recent report titled, “Antimicrobial Textiles Market Size, Share & Industry Analysis, By Agents (Synthetic Organic Compounds, Bio-Based Compounds, Metal & Metallic Salts and Others), By Fabric (Cotton, Polyester, and Others), By Application (Home, Commercial, Medical, Apparel, Industrial, and Others) and Regional Forecast, 2020-2027,” predicts the market value was USD 9.23 billion in 2019 and will rise at a CAGR of 5.3% during the forecast period of 2020 to 2027.
Canal and Sciessent, LLC Entered into Partnership for Improving Distribution Channels in Chinese Market
Canal Co. Ltd is the leading distributor of market space and offers a variety of products such as construction materials, food and pharmaceuticals, and textiles. With this partnership, Sciessent LLC aims to improve the distribution network of its odor control and apparel products to the China market. The Chief Executive Officer Paul Ford says, “This partnership with Canal marks an important decision for the growth of our company. We are aiming at providing high-quality products on-time and maintain our commitment with our partners, ensuring quality service to all consumers. Such acquisition strategies adopted by players are likely to aid in the expansion of the market in the long run.
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Increasing Trend of High-quality Hygiene Standards will Bolster Growth
The most important factor propelling this market growth is the increasing number of infectious diseases worldwide. The current pandemic of COVID19 has had an adverse effect on a global level and this increased the demand for high-quality hygiene maintenance. This rising awareness importance of hygiene is also boosting the market. On the contrary, factors such as the fluctuating price of raw materials may pose a major threat to the growth of the market in the forecast period. In addition to that, some chemicals used in antimicrobial agents may be harmful to humans when it comes in contact with the skin or eyes and causes irritation. This stands as another major drawback to the market. Nevertheless, the rapidly growing nanoscience technology is likely to create lucrative growth opportunities for the market in the coming years.
BioCote Limited, Milliken & Company Holding Significant Shares in Market
The global antimicrobial textiles market is consolidated in nature with a handful of players holding the majority of shares in the market. The COVID19 pandemic has propelled various manufacturing units to produce products offering a cent percent guarantee of killing all microorganisms, germs, and bacteria to attract high revenue to the market. Currently, four companies are dominating the market namely Trevira GmbH, BASF, BioCote Limited, and Milliken & Company.
Notable Industry Developments of Market include:
List of Major Market Manufacturers are:
Further Report Findings
This Market is segmented into:
Value (USD Million) and Volume (Kilo Tons)
By Active Agents