The global antimicrobial textiles market size is projected to grow from USD 10.7 billion in 2021 to USD 14.7 billion by 2026, at a CAGR of 6.5% from 2021 to 2026. Antimicrobial textiles are fiber-based substrates on which antimicrobial agent is either coated or incorporated, to either kill or inhibit the growth of microorganisms. Antimicrobial textiles is widely used and preferred in various applications such as sportswear, protective wear, curtains & drapes, carpets, surgical supplies & wipes, bedding, intimates, and footwear.
The APAC region is projected to be the fastest-growing region in the antimicrobial textiles market in terms of both value and volume from 2021 to 2026. This region is witnessing the highest growth rate due to the rapid economic expansion. According to the IMF, China and India are among the fastest-growing economies globally. India is expected to overtake China with the highest growth rate, thus driving the global economy. The rising disposable income of people, shifting of manufacturing facilities from developed regions, such as North America and Europe, and rapidly growing industrial sectors are expected to drive the market in APAC.
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The antimicrobial textiles market has thousands of companies that thrive in their domestic market. A few of the major players are, Milliken & Company (US), PurThread Technologies (US), Trevira GmbH (Germany), Thai Acrylic Fiber Co. Ltd. (Thailand) and Vestagen Protective Technologies, Inc. (US), among others. These players have adopted various growth strategies, such as mergers & acquisitions, and expansions, to increase their market shares and enhance their product portfolios.
Acquisitions, joint ventures and expansions accounted for the largest share of all the strategic developments that took place in the antimicrobial textiles market between 2016 and 2021. Key players such as Milliken & Company and Trevira GmbH adopted these strategies to enhance their business, market presence, and meet consumer demand.
Milliken & Company manufactures and sells chemicals, floor coverings, fabrics, textiles, and composites. The company offers specialty chemical additives and colorants, polymer additives, polypropylene products, and clarifying agents. It is the supplier as well as the consumer of the antimicrobial agent. The company also provides antimicrobial additives for diverse applications such as textile, apparel & footwear, sports & witness, and medical. It also manufactures fabrics for various applications such as military, carpet, medical, workwear, garments, and performance athletic apparel. The company has over 5,500 patents accumulated since 1927. The company has more than 40 manufacturing facilities in the United States, Mexico, United Kingdom, Belgium, France, China, and Australia. The company has offices, support centres, and showrooms in 13 countries. The company operates globally with a presence throughout the North America, South America, APAC, and Europe.
Trevira GmbH manufactures polyester fibers and filament yarns for home and household textiles, apparel, automotive interiors, hygiene textiles, and technical applications. The company was formerly known as Trevira GmbH & Co KG and later in 2000; it changed its name to Trevira GmbH. Trevira produces textile polyester products, in particular, staple fibers, plain, filament, and textured yarns for home and household textiles, automotive interiors and functional clothing, as well as technical textiles and hygiene products. The company offers antimicrobial fibers and antimicrobial filament yarns for different applications such as apparel, home and contract textiles, and others.
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