Market Insights
The wearable materials market is likely to grow at a promising CAGR of 14% in the coming years.
The Wearable Materials Market refers to the market involving the manufacturing of wearable devices, particularly fitness tracking and health monitoring devices. Wearing devices can be integrated into clothing, skin as tattoos, pacemakers and defibrillators, watches, glasses, and jewelry. The market is being driven by growing demand for fitness-tracking wearable devices and the rising popularity of the Internet of Things (IoT).
Segments' Analysis
|
Segmentations
|
List of Sub-Segments
|
Dominant and Fastest-Growing Segments
|
|
Material-Type Analysis
|
Silicones, Polyurethanes, Fluoroelastomers
|
Silicone segment is expected to be the dominant type in Wearable Materials Market during the forecast period.
|
|
Application-Type Analysis
|
Consumer Electronics, Medical, Industrial
|
Consumer Electronics segment is the fastest-growing Industry of Wearable Materials Market in the upcoming years.
|
|
Regional Type Analysis
|
North America, Europe, Asia-Pacific, and The Rest of the World
|
Asia-Pacific is expected to remain the largest market over the upcoming years.
|
Material Trends
The Wearable Materials Market is segmented into Silicones, Polyurethanes, and Fluoroelastomers. Silicone is expected to remain the largest and fastest-growing type in the wearable material market during the forecast period. Silicone is regarded as biocompatible and has a wide range of skincare uses, including peel-and-stick technology for wearable skin applications and biomedical-grade silicones for wearable medical devices. They are also significantly more permeable than any other organic polymer, which results in greater patient comfort. These fabrics provide more comfort and a better fit by molding well to the body's contours.
Application Trends
The market is segmented into Consumer Electronics, Medical, and Industrial. The consumer electronics segment is expected to remain the dominant as well as the fastest-growing material type in the market during the forecast period. The rising popularity of fitness and wellness trackers is driving this market's growth. The industrial application segment of the Wearable Materials Market is anticipated to develop at the fastest rate during the forecast period.
Regional Analysis
Asia-Pacific is expected to remain the largest wearable materials market during the forecast period. The market for wearable materials is primarily driven by the growing demand for fitness-tracking wearable devices and the rising popularity of the Internet of Things (IoT).
The wearable materials market is segmented into the following categories:
By Material Type
- Silicones (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Polyurethane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Fluoroelastomers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application Type
- Consumer Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Key Players
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the wearable materials market. Most of the major players providing wearable materials are:
- Arkema
- BASF
- Daikin Industries Ltd.
- DowDuPont
- DSM
- Eastman Corporation
- Lubrizol
- Momentive performance materials
- Shin-Etsu
- Wacker Chemie
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s wearable materials market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key success factors.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
