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ID: 8087
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Wearable Materials Market - By Type (Silicones, Fluor Elastomers, Polyurethanes), By Application (Medical, Industrial, Consumer Electronics), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Investment, Trends & Forecast Report | 2021 - 2026

Pulished: April, 2021
ID: 8087
Pages: 175

Wearable Materials Market Size, Share & Forecast (2021 - 2026)

The Global Wearable Materials Market size was valued at close to USD 3.5 billion at the end of 2021 and is estimated to rise at a CAGR of around 17.3% to reach about USD 5.02 billion by the year 2026.

Wearable devices are smart electronic equipment assimilated with the clothing or worn on the individual as accessories or grafts. They are made up of bio-compatible materials and have characteristics like durability, flexibility, stiffness, firmness, lightness of weight, color stability, chemical and stain resistance, sweat resistance, and resistance to cracking. Materials employed in the manufacture of wearable devices are Fluor elastomers, polyurethanes, and silicones. Wearable materials are explained as the flexible materials which are employed for making the sensors, batteries, and other electrical equipment which are employed in wearable equipment. There has been an expansion in wearable technology that will further contribute to creating the requirement for materials withholding the wear and tear of day to day life. Wearable technology is no more the life of the future. It's the life of the present and flexible materials are playing a major part in the wearable technology industry. From smartwatches that can take phone calls and texts and run apps to fitness or emotional wellness devices that are made to track total health, wearable devices can accomplish incredible things, mainly thanks to the role of flexible materials in their employment. Present advances in wearable technology have been making flexible materials highly significant. 

Recent Developments

  • Covestro an adhesive manufacturing company introduced new material combinations for medical wound healer wearable patches. The company's fixation material combines a gentle adhesive made of polyurethane and a breathable film.

  • The industry suppliers are developing more skin-sensitive processes and materials for all kinds of medical wearable materials. 

  • Dow Corning is focusing more on silicone adhesives for both wound dressings and wearable monitoring devices. The company launched a new set of four silicone pressure-sensitive e wearable. 

Wearable Materials Market Drivers and Restraints

The rise in the fame of the Internet of Things (IoT) and connected devices is estimated to be another major factor estimated to boost the global wearable materials market during the outlook period. Changes in prices of raw materials and constant up down in supply and demand are expected to be a constraint for the wearable materials market. The wearable materials market is estimated to expand at a high rate in the future years, owing to the rising call for low-cost wearable devices and increasing disposable income in growing economies across the world. The global wearable materials market has been developing owing to the increase in disposable income in developing economies and the rise in the call for low price wearables. The call for wearables materials is mainly driven by the rising popularity of the IoT and digitalization on a global level. The elevating call for fitness equipment to monitor health on the basis of escalating health consciousness in consumers is driving the worldwide industry development. In the several uses of wearable materials, smartwatches are the most popular wearable devices in the regions. A rise in customer’s preference for advanced wearable equipment with better functionality is estimated to drive the market expansion.

More Production prices and lack of enduring and good materials are among the factors that may hinder the call for wearable materials and restrain expansion of the target market during the prediction period. The high cost of making wearable materials along with lacking long-lasting and production materials can hamper the complete market at a global level.

Opportunities in the Wearable Materials Market

Customer preference for sophisticated wearable devices and the rising popularity of connected devices is estimated to provide more expansion opportunities for the players working in the wearable materials market. Furthermore, the increasing popularity of IoT and digitalization together with the technological developments in wearable technology are estimated to boost market expansion.

 

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021 - 2026

CAGR

17.3%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Rockwool International A/S (Denmark), Owens Corning (US), Saint Gobain (France), Johns Manville (US), Kingspan-Group(Republic of Ireland), Cabot Corporation (US), Armacell International S.A(Germany), Knauf Insulation (US), BASF SE (Germany), Covestro AG (Germany), Huntsman Corporation (US) , ITW Insulation Systems (US), Rochling Group (Germany), Dunmore (US), NMC International SA (Belgium ), Gilsulate International (US)

Wearable Materials Market

Wearable Materials Market Segmentation Analysis as per the research report until 2026.

Wearable Materials Market - By Type

  • Silicones
  • Polyurethanes
  • Fluor elastomers

The silicone wearable Based on the material used the wearable materials market is segmented into constitute the majority of the market share in terms of revenue generated.

Wearable Materials Market - By Application

  • Medical
  • Industrial
  • Consumer Electronics

The medical sector has a leading role in expanding the global wearable materials market, followed by consumer electronics. The wide range of uses, such as adhesives and wound dressings (band-aids and bandages), orthopedic prosthetics, and supporters, in the medical sector is the reason for its high revenue generation.

Wearable Materials Market – By Region

  • North America 

  • Europe 

  • Asia Pacific 

  • Latin America 

  • Middle East & Africa 

The Asia-Pacific market is known to have a key share in the global wearable materials market in 2019. The rising electronics business collaborated with a fast increase in disposable income in the region is driving the wearable materials industry in the region. China is the biggest market for wearable materials in the region and is estimated to keep the expansion momentum in the foreseen period. Developing economies like India and Vietnam are also estimated to have a contribution substantially to the wearable materials market. North America is a key region of the global wearable materials market. The wearable materials technology in the U.S. is quickly gaining popularity due to the rise in the call for wrist-wear, fitness-wear, and health and wellness monitoring applications. Expansion in the popularity of wearable equipment in the U.S. is expected to drive the global wearable materials industry

Wearable Materials Market Key Market Players:

By the end of 2019 companies like BASF, DowDuPont, Wacker Chemie, DSM, Arkema, Eastman Corporation, Shin-Etsu., Elkem, Momentive performance materials, Lubrizol, Analog Devices, Broadcom Corporation, Freescale Semiconductor Inc., Infineon Technologies AG, InvenSense Inc., Panasonic Corporation and NXP Semiconductors N.V. are the leading shareholders of the Global Wearable Materials Market among other key players.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Silicones   

                                5.1.3 Polyurethanes      

                                5.1.4 Fluoroelastomers

                                5.1.5 Y-o-Y Growth Analysis, By Type      

                                5.1.6 Market Attractiveness Analysis, By Type    

                                5.1.7 Market Share Analysis, By Type      

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Medical    

                                5.2.3 Industrial 

                                5.2.4 Consumer Electronics         

                                5.2.5 Y-o-Y Growth Analysis, By Application         

                                5.2.6 Market Attractiveness Analysis, By Application        

                                5.2.7 Market Share Analysis, By Application         

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 Australia  

                                6.3.6 South Korea           

                6.5 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                        

                8.1 Lubrizol                           

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 BASF                             

                8.3 DowDuPont               

                8.4 Wacker Chemie                        

                8.5 DSM                              

                8.6 Arkema                        

                8.7  Eastman Corporation                            

                8.8 Shin-Etsu.                   

                8.9 Elkem                           

                8.10 Momentive performance materials                   

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  •  Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market 

  1. Global Wearable materials Market Market By Region, From 2021-2026( USD Billion )

  2. Global Wearable materials Market Market By Type, From 2021-2026( USD Billion )

  3. Global Silicones Market By Region, From 2021-2026( USD Billion )

  4. Global Polyurethanes Market By Region, From 2021-2026( USD Billion )

  5. Global  Fluoroelastomers Market By Region, From 2021-2026( USD Billion )

  6. Global Wearable materials Market Market By Application, From 2021-2026( USD Billion )

  7. Global Medical Market By Region, From 2021-2026( USD Billion )

  8. Global Industrial Market By Region, From 2021-2026( USD Billion )

  9. Global Consumer Electronics Market By Region, From 2021-2026( USD Billion )

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