The market is expanding due to the increased need for antimicrobial medical textiles in the healthcare industry as well as increased awareness of hygiene.
Wilmington, Delaware, United States December 26, 2024— Due to rising healthcare demand and increased awareness of proper cleanliness, the global market for antimicrobial textiles is expanding significantly. The market is expected to increase at a compound annual growth rate (CAGR) of 7.4% from 2020 to 2027, from its 2019 valuation of $10.0 billion to $18.2 billion, according to a report by Allied Market Research.
Key Drivers & Opportunities
The market is expanding due to the increased need for antimicrobial medical textiles in the healthcare industry as well as increased awareness of hygiene. This trend is further accelerated by a rise in health-conscious consumers. However, issues include shifting raw material costs and environmental concerns about antimicrobial compounds. On the plus side, new developments in healthcare infrastructure in developing nations offer rich prospects for market growth.
Market Insights
Fabric Type
- Polyester: Over the course of the projected period, it is anticipated to record the highest CAGR of 7.8%.
- Cotton: Holding close to 50% of the market in 2019, cotton is expected to continue to dominate.
Application Areas
- Medical textiles: held a market share of more than 40% in 2019 and are expected to expand at the quickest rate (CAGR of 7.8%).
- Other Segments: Clothing, home textiles, and other items also support market expansion.
Regional Analysis
- North America: Held the largest market share in 2019 (over one-third of total revenue) and is expected to maintain its dominance.
- Asia-Pacific: Poised for the fastest growth, with a projected CAGR of 8.0% through 2027.
Top Market Participants
Leading companies promoting competition and innovation in the market include:
- Aditya Birla Group (ABG)
- Fuji Chemical Industries, Ltd.
- Indorama Ventures Public Company Limited (IVL)
- Sanitized AG
- Toyobo Co., Ltd.
- Vardhman Holdings Limited
The market for antimicrobial textiles is expected to increase dramatically on a global scale due to breakthroughs and changing industry-wide hygiene concerns.
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