PUNE, India, July 05, 2019 (GLOBE NEWSWIRE) -- Global Antimicrobial Textiles Industry was valued at USD 573 Million in the year 2017. Global Antimicrobial Textiles Industry is further estimated to grow at a CAGR of 9.31% from 2018 to reach USD 1166.76 Million by the year 2025. European region holds the highest Industry share in 2017 while Asia Pacific Industry is considered as the fastest growing Industry in the forecasted period. At a country level, emerging Industry like India, China, and Japan with the highest population are the major Industry in 2017 and it is further anticipated to grow at a steady pace in the next 5 years.
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The major market players in Antimicrobial Textiles Industry are Koninklijke Ten Cate bv., GSE Environmental, Low & Bonar, NAUE GmbH & Co. KG, Officine Maccaferri SpA, Fibertex Nonwovens A/S, Huesker Synthetic GmbH and Other 13 companies detailed information is provided in research report. Better global reach, both at production and at an operational level is the main reason for holding this highest Industry share. Growing research and development expenditures to address changing demand of consumers, new product launches in recent years are some of the key Industry drivers. Organic growth strategies adopted by most of the top manufacturers in recent years is also providing comprehensive Industry opportunities for the various stakeholder.
Major market players in Antimicrobial Textiles Industry are Lanxess , Sinopec, The Goodyear Tire and Rubber Company, Kumho Petrochemical, TSRC Corporation, Nizhnekamkneftekhim , JSR Corporation, LG Chem , Versalis S.p.A, ZEONCorporation, Petrochina, Sibur, Synthos, American Antimicrobial Textiles Company, Indian Antimicrobial Textiles Company Frequent cross industry partnerships are leading to Industry consolidation.
SWOT Analysis of Antimicrobial Textiles Market
Investments in Infrastructure
Degradation of polypropylene
Increasing demand for natural fiber Antimicrobial Textiles
The high cost of production
Antimicrobial Textiles Industry Segmentation:
• Styrene Butadiene Rubber
• Polybutadiene Rubber
• Styrenic Block Copolymer
• Butyl Rubber
• Nitrile Butadiene Rubber
• Non-Tire Automotive
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa
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