Antimicrobial market growing at 7.4%
The antimicrobial textiles market is estimated to be valued at $527.9 million in 2016 and is projected to reach $1,076.1 million by 2026, at a CAGR of 7.4 per cent from 2016 to 2026, according to the latest report published by ReportBuyer.
The antimicrobial textiles market is estimated to be valued at $527.9 million in 2016 and is projected to reach $1,076.1 million by 2026, at a CAGR of 7.4 per cent from 2016 to 2026, according to the latest report published by ReportBuyer.
Growth of the market is primarily led by the need for hygiene products to combat the increasing number of infections due to microorganisms, increasing end-use applications such as medical textiles and apparel, technological advances, and the high demand in the Asia-Pacific region.
The antimicrobial textiles market is segmented on the basis of application into, commercial, apparel, home, medical, and other wearables. Among these, the medical segment is projected to grow at the fastest rate over the forecast period as a result of the rising risk of diseases due to hospital acquired infections and the need to prevent transmission of infections.
The rising demand for antimicrobial textiles is driving the market in the Asia-Pacific region. The market in the region is driven by the increased demand from China and India. China is the largest market in the region. Rapid industrialisation, changing lifestyles, rising disposable incomes, and the expansion in the healthcare as well as technical textile industries is expected to drive the antimicrobial textiles market in the region.
The report, titled Antimicrobial Textiles Market by Agent, Application, Finishing Technique and Region – Global Forecast to 2026, segments the antimicrobial textiles market on the basis of agents, applications, and regions.
Various key players profiled in the report include, Sanitized AG (Switzerland), Microban International, Ltd. (US), Sciessent LLC (US), Milliken Chemical (US), The Dow Chemical Company (US), Lonza Group AG (Switzerland), Trevira GmbH (Germany), Herculite Products, Inc. (US), LifeThreads LLC (US), PurThread Technologies, Inc. (U.S.), Unitika Trading Co., Ltd. (Japan), BioCote Ltd. (UK), BASF SE (Germany), Vestagen Protective Technologies, Inc. (US), and others.
