Pulished Date October, 2019
ID: 8775
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Antimicrobial Textile Market by Active Agents (Synthetic Organic Compounds, Metal & Metallic Salts, Bio-based), Application (Medical Textiles, Apparels, Home Textiles), Fabric (Cotton, Polyester, and Polyamide)& Region- Analysis, Size, Growth, Investment and Forecasts (2019-2024)

Pulished: October, 2019
ID: 8775
Pages: 180

 Antimicrobial Textile MARKET OVERVIEW:

Antimicrobial fabrics are made with the aid of chemicals that restrict the growth of the fabric's bacterial microbes. These are in tremendous demand from the healthcare industry as they are used in clinics and hospitals due to hygiene and increased awareness of healthcare. They limit the development of microbes that are also a source of disease transmission. Apart from the healthcare industry, there is a massive demand from the sports industry on the antimicrobial textiles market. Antimicrobial textile development requires treatment with additives during the fabric's intermediate and final production stage. The approach used depends on a multitude of factors, including the actual use of the material, the capability of the producer, and considerations of the budget.

RECENT DEVELOPMENTS:

In May 2017, Indorama Ventures PCL Group (IVL), based in Thailand, has consolidated its ownership by acquiring Trevira's remaining 25% shareholding from its former joint venture partner Sinterama SA. With this, Trevira GmbH, a leading European fiber manufacturer, has become a wholly-owned subsidiary of IVL.

MARKET VALUE AND EXPECTED GROWTH:

The Antimicrobial Textile Market was valued at 9.2 Billion USD in 2019. The market is expected to grow at CAGR of 7.4% over the forecast period to reach a valuation of 11.6 Billion USD by 2024.

GEOGRAPHICAL ANALYSIS:

North America represented the largest share of the Antimicrobial Textile Market, and this trend is expected to continue over the forecast period. It is estimated that the key players are concentrated in the regions of the US, Canada, and Mexico in North America. Increasing consumer awareness of disease spreads led to a demand for better quality material in terms of health and hygiene maintenance, which would drive the region's textile antimicrobial market. Over the past few years, Asia Pacific has emerged as one of the most essential markets. Asia Pacific's regional market posted the highest volume and value growth and was the target of technological advances.

MARKET DRIVERS, RESTRAINTS OPPORTUNITIES:

Significant factors which have helped drive the Antimicrobial Textile Market forward are-

  • Increasing understanding of hospital-related diseases and better healthcare practices is expected to fuel demand for antimicrobial textiles because they have the inherent capacity to limit the growth of disease-causing microorganisms
  • Increasing living standards, coupled with increased disposable income and awareness of nutrition, are expected to increase global demand for these textiles
  • Essential lifestyle changes in the Asia Pacific and Latin America's developing countries are likely to stimulate the use of antimicrobial textiles over the forecast period
  • The increasing penetration of antimicrobial fabrics in the global textile market is due to the growing number of long-lasting and healthy antimicrobial finishes
  • The availability of chemicals such as triclosan commonly used in antimicrobial products for industrial operations can, to some degree, impede the market growth

 The factors holding the Antimicrobial Textile Market back include-

  • Strict environmental regulations on the use of antimicrobials made by harmful chemicals can challenge the growth of the global market
  • Raw material price fluctuations will further hamper this market's boom

 High demand from the wound care industry, which includes products such as non-implantable goods and products for healthcare and hygiene, may boost the market growth. The increasing number of hospitals and government initiatives aimed at raising awareness of first aid kits are expected to increase demand over the forecast period.

 ANTIMICROBIAL TEXTILE MARKET SEGMENTATION

  1. Antimicrobial Textile Market by Active Agents
  • Synthetic Organic Compounds
  • Metal & Metallic Salts
  • Bio-based

 

  1. Antimicrobial Textile Market by Application
  • Medical Textiles
  • Apparels
  • Home Textiles

 

  1. Antimicrobial Textile Market by Fabric
  • Cotton
  • Polyester
  • Polyamide

 

  1. Antimicrobial Textile Market by Region
  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa
  • Latin America

 

  • Synthetic organic compounds are cheaper than metal & metal salts and active agents based on chemistry. Synthetic organic compounds include quaternary ammonium compounds, triclosan, polyhexamethylenebiguanides. Many compounds such as triclosan and PHMB are banned in some parts of the world, which may adversely affect synthetic organic compounds production. Such compounds' high efficiency against a wide range of microbes is expected to drive the antimicrobial fabric market.
  • The use of antimicrobial fiber is expected to be the main sub-segment in the apparel segment. Such textiles come into close contact with skin, increasing the likelihood of infection. In addition, these textiles are exposed to several atmospheres that lead to increased exposure to harmful microbes and become an infection carrier. The use of antimicrobial textiles in hospitals is vital to reduce the dangers of such a widespread disease outbreak.

 KEY MARKET PLAYERS:

PurThreads Technologies Inc. (US), Vestagen Protective Technologies Inc. (US), Herculite Inc. (US), Smith & Nephew PLC (UK), Sinterama (Italy), Milliken &Co. (US), Unitika Ltd. (Japan), Trevira GmbH (Germany) andAntimicrobial Antimicrobial A. (Thailand) are the leading players in the Antimicrobial Textile Market.

 

RESEARCH METHODOLOGY:

The research done takes place in two phases namely-

Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.

 

Research Report Key Highlights:

  • Current and future market perspectives forAntimicrobial Textile Market in developed and emerging markets.
  • Analyse different market perspectives using the analysis of five Porter forces
  • The segment that is expected to dominate the market.
  • Regions that are expected to grow faster during the forecast period.
  • Identify the latest developments, market shares, and strategies of key market participants.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Active Agents                            

                                5.1.1 Introduction           

                                5.1.2 Synthetic Organic Compounds       

                                5.1.3 Metal and Metallic Salts    

                                5.1.4 Bio-based

                                5.1.5 Y-o-Y Growth Analysis, By Active Agents   

                                5.1.6 Market Attractiveness Analysis, By Active Agents 

                                5.1.7 Market Share Analysis, By Active Agents   

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Medical Textiles    

                                5.2.3 Apparel    

                                5.2.4 Home Textiles       

                                5.2.5 Y-o-Y Growth Analysis, By Application         

                                5.2.6 Market Attractiveness Analysis, By Application       

                                5.2.7 Market Share Analysis, By Application        

                5.3 Fabric                            

                                5.3.1 Introduction           

                                5.3.2 Cotton      

                                5.3.3 Polyester 

                                5.3.4 Polyamide               

                                5.3.5 Y-o-Y Growth Analysis, By Fabric   

                                5.3.6 Market Attractiveness Analysis, By Fabric 

                                5.3.7 Market Share Analysis, By Fabric   

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Active Agents

                                                6.1.3.3 By Application

                                                6.1.3.4 By Fabric

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Active Agents

                                                6.1.4.3 By Application

                                                6.1.4.4 By Fabric

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Active Agents

                                                6.1.5.3 By Application

                                                6.1.5.4 By Fabric

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Milliken & Co                             

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 PurThreads Technologies Inc                              

                8.3 Vestagen Protective Technologies Inc                            

                8.4 Herculite Inc                               

                8.5 Smith & Nephew PLC                             

                8.6 Sinterama                   

                8.7 Unitika Ltd                  

                8.8 Trevira GmbH                            

                8.9 Thai Acrylic Fibre Co. Ltd                       

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms by raw materials,by application,along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Antimicrobial Textile Market By Region, From 2019-2024 ( USD Billion )
  2. Global Antimicrobial Textile Market By Active Agents, From 2019-2024 ( USD Billion )
  3. Global Synthetic Organic Compounds Market By Region, From 2019-2024 ( USD Billion )
  4. Global Metal and Metallic Salts Market By Region, From 2019-2024 ( USD Billion )
  5. Global Bio-based Market By Region, From 2019-2024 ( USD Billion )
  6. Global Antimicrobial Textile Market By Application, From 2019-2024 ( USD Billion )
  7. Global Medical Textiles Market By Region, From 2019-2024 ( USD Billion )
  8. Global Apparels Market By Region, From 2019-2024 ( USD Billion )
  9. Global Home Textiles Market By Region, From 2019-2024 ( USD Billion )
  10. Global Antimicrobial Textile Market By Fabric, From 2019-2024 ( USD Billion )
  11. Global Cotton Market By Region, From 2019-2024 ( USD Billion )
  12. Global Polyester Market By Region, From 2019-2024 ( USD Billion )
  13. Global Polyamide Market By Region, From 2019-2024 ( USD Billion )

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