Global Antimicrobial Textile Market to Reach US$ 23.92 Billion by 2030, Growing at a CAGR of 7.5%
Global Antimicrobial Textile Market Poised for Significant Growth, Expected to Reach US$ 23.92 Billion by 2030
Summary:
The Global Antimicrobial Textile Market is projected to grow at a compound annual growth rate (CAGR) of 7.5% during the forecast period. With the market reaching an expected value of US$ 23.92 billion by 2030, the demand for antimicrobial textiles is increasing across various industries, particularly in medical textiles, apparel, and home textiles. Factors such as rising health concerns, advancements in textile technologies, and increased awareness of hygiene are driving this growth.
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A) Market Size
The global antimicrobial textile market was valued at approximately USD 12.88 billion in 2023 and is expected to reach USD 23.92 billion by 2030, at a CAGR of 7.5%. This growth is attributed to increased consumer demand for textiles with antibacterial and antimicrobial properties, especially in the healthcare, medical, and apparel sectors.
B) Scope and Research Methodology
Maximize Market Research’s study on the Global Antimicrobial Textile Market provides in-depth insights into the market dynamics, offering a comprehensive analysis of trends, growth factors, opportunities, and challenges. The report leverages primary and secondary research methodologies, including expert interviews, surveys, and market data analysis, ensuring a high level of accuracy in its projections.
C) Report Coverage
This report provides a detailed overview of the antimicrobial textile market, including market size, share, growth, revenue projections, and a comprehensive analysis of key players. It also explores the segmentation of the market by active agents, application, fibers, and geographical regions, offering a holistic view of the market’s development.
D) Overview
Antimicrobial textiles are designed to resist the growth of bacteria, fungi, and other harmful microorganisms. These textiles are essential for ensuring hygiene and durability, especially in environments where cleanliness is a priority. The market for antimicrobial textiles has expanded with the growing awareness about health and hygiene, coupled with innovations in textile technology.
E) Dynamics
The market's dynamics are influenced by several factors, including:
Drivers: Increasing focus on healthcare and hygiene, technological advancements in antimicrobial treatments, and rising consumer demand for high-performance textiles.
Restraints: High costs of antimicrobial treatments and the limited lifespan of some antimicrobial fabrics.
Opportunities: Growing demand in emerging economies, technological innovations in bio-based antimicrobial textiles, and expanding use in diverse applications such as personal protective equipment (PPE) and medical textiles.
F) Segmentation
The antimicrobial textile market is segmented based on the following:
By Active Agents: Synthetic Organic Compounds, Metal & Metallic Salts, Bio-based
By Application: Medical Textiles, Apparels, Home Textiles, Fabrics
By Fibers: Cotton, Polyester, Polyamide, Other
G) Key Players Include:
The following companies are key players in the global antimicrobial textile market:
Milliken & Co. (US)
Unitika Ltd. (Japan)
Trevira GmbH (Germany)
Thai Acrylic Fibre Co. Ltd. (Thailand)
PurThreads Technologies Inc. (US)
Vestagen Protective Technologies Inc (US)
LifeThreads LLC (US)
Herculite Inc (US)
Smith & Nephew PLC (UK)
Dow Chemical Company (US)
H) Reason to Buy
Comprehensive Market Insights: The report offers detailed market forecasts, industry trends, and comprehensive data analysis to help businesses stay competitive.
Actionable Strategies: It assists stakeholders in developing effective strategies by providing in-depth insights into growth opportunities and challenges.
Targeted Business Decisions: With detailed segmentation, the report enables businesses to target specific markets, regions, and applications.
I) Table of Contents:
Introduction
Market Overview
Market Dynamics
Segmentation
Competitive Landscape
Regional Analysis
Impact of COVID-19
Key Players
Conclusion
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Signature/About Us:
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