Market Overview:
The global wearable material market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for wearable devices from the consumer electronics and medical sectors. Additionally, the growing demand for lightweight and durable materials in industrial applications is also propelling the growth of this market. Based on type, silicone is expected to be the fastest-growing segment of this market during the forecast period. This can be attributed to its properties such as high thermal stability, resistance to weathering and ozone attack, and low toxicity.
Product Definition:
Wearable Material is a material that can be worn on the body. It can be made from a variety of materials, including cloth, metal, and plastic.
Silicones:
Silicones are polymers of silicon and oxygen. They are lightweight, flexible, non-reactive to water and air; they can be easily molded into any shape. Silicone rubber is the most common type of silicone used in consumer goods such as kitchenware, shower curtains, gaskets (for insulation or sealing), toys & games (for making sports equipment), footwear & apparel (for making soles for shoes or gloves).
Polyurethanes:
Polyurethanes are a class of synthetic thermosetting polymers. They are produced by the reaction of isocyanate compounds and polyols. Polyurethane (PU) exhibits superior properties such as thermal, electrical, and mechanical resistance at low cost compared to other materials used in its category.
Application Insights:
The consumer electronics segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The increasing use of wearable devices such as fitness bands, smartwatches, and health trackers is expected to drive demand for wearables across all application segments.
Medical applications are also estimated to witness significant growth during the forecast period owing to an increase in R&D activities pertaining medical monitoring & testing, patient care management systems using wearables. Industrial applications include uses such as process automation, remote monitoring & control of production lines using Wearable Sensors (Wear OS), and logistics & tracking solutions utilizing location-based information obtained from sensors embedded in various types of equipment including vehicles and inventory items among others.
Regional Analysis:
North America dominated the global wearable material market in 2017. The region is expected to maintain its position over the forecast period. Increasing demand for smart devices, such as fitness watches and health monitors, has been driving the regional market growth. In addition, growing consumer awareness regarding body monitoring systems and related services is also anticipated to propel product demand in near future.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to rising disposable income levels among consumers coupled with rapid urbanization trends across various countries including China, India Japan Thailand Malaysia Indonesia Singapore South Korea Vietnam Philippines Bangladesh Hong Kong China Taiwan Macau Sri Lanka & Maldives). This trend will lead towards an increase in product consumption applications across a wide range of industries including medical electronics consumer electronics etc.).
Growth Factors:
- Increasing demand for wearable devices from the healthcare sector
- Rising awareness about the health benefits of using wearable devices
- Growing popularity of fitness trackers and other wearable devices among consumers
- Proliferation of affordable and innovative wearable devices in the market
- Increasing demand for smart fabrics and other advanced materials in wearable devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable Material Market Research Report
By Type
Silicones, Polyurethanes, Fluoroelastomers
By Application
Consumer Electronics, Medical, Industrial
By Companies
BASF, DowDuPont, Wacker Chemie, DSM, Arkema, Eastman Corporation, Shin-Etsu, Elkem, Momentive performance materials, Lubrizol
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Wearable Material Market Report Segments:
The global Wearable Material market is segmented on the basis of:
Types
Silicones, Polyurethanes, Fluoroelastomers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Medical, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- DowDuPont
- Wacker Chemie
- DSM
- Arkema
- Eastman Corporation
- Shin-Etsu
- Elkem
- Momentive performance materials
- Lubrizol
Highlights of The Wearable Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Silicones
- Polyurethanes
- Fluoroelastomers
- By Application:
- Consumer Electronics
- Medical
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wearable Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wearable material is a type of clothing or accessory that can be worn on the body. It is made from materials that are flexible, durable, and comfortable to wear.
Some of the major players in the wearable material market are BASF, DowDuPont, Wacker Chemie, DSM, Arkema, Eastman Corporation, Shin-Etsu, Elkem, Momentive performance materials, Lubrizol.
The wearable material market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wearable Material Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wearable Material Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wearable Material Market - Supply Chain
4.5. Global Wearable Material Market Forecast
4.5.1. Wearable Material Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wearable Material Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wearable Material Market Absolute $ Opportunity
5. Global Wearable Material Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wearable Material Market Size and Volume Forecast by Type
5.3.1. Silicones
5.3.2. Polyurethanes
5.3.3. Fluoroelastomers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wearable Material Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wearable Material Market Size and Volume Forecast by Application
6.3.1. Consumer Electronics
6.3.2. Medical
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wearable Material Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wearable Material Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wearable Material Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wearable Material Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wearable Material Demand Share Forecast, 2019-2026
9. North America Wearable Material Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wearable Material Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wearable Material Market Size and Volume Forecast by Application
9.4.1. Consumer Electronics
9.4.2. Medical
9.4.3. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wearable Material Market Size and Volume Forecast by Type
9.7.1. Silicones
9.7.2. Polyurethanes
9.7.3. Fluoroelastomers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wearable Material Demand Share Forecast, 2019-2026
10. Latin America Wearable Material Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wearable Material Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wearable Material Market Size and Volume Forecast by Application
10.4.1. Consumer Electronics
10.4.2. Medical
10.4.3. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wearable Material Market Size and Volume Forecast by Type
10.7.1. Silicones
10.7.2. Polyurethanes
10.7.3. Fluoroelastomers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wearable Material Demand Share Forecast, 2019-2026
11. Europe Wearable Material Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wearable Material Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wearable Material Market Size and Volume Forecast by Application
11.4.1. Consumer Electronics
11.4.2. Medical
11.4.3. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wearable Material Market Size and Volume Forecast by Type
11.7.1. Silicones
11.7.2. Polyurethanes
11.7.3. Fluoroelastomers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wearable Material Demand Share, 2019-2026
12. Asia Pacific Wearable Material Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wearable Material Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wearable Material Market Size and Volume Forecast by Application
12.4.1. Consumer Electronics
12.4.2. Medical
12.4.3. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wearable Material Market Size and Volume Forecast by Type
12.7.1. Silicones
12.7.2. Polyurethanes
12.7.3. Fluoroelastomers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wearable Material Demand Share, 2019-2026
13. Middle East & Africa Wearable Material Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wearable Material Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wearable Material Market Size and Volume Forecast by Application
13.4.1. Consumer Electronics
13.4.2. Medical
13.4.3. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wearable Material Market Size and Volume Forecast by Type
13.7.1. Silicones
13.7.2. Polyurethanes
13.7.3. Fluoroelastomers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wearable Material Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wearable Material Market: Market Share Analysis
14.2. Wearable Material Distributors and Customers
14.3. Wearable Material Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DowDuPont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Wacker Chemie
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DSM
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Arkema
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Eastman Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shin-Etsu
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Elkem
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Momentive performance materials
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lubrizol
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
