Global Wearable Material Market Size study, by Type (Silicon, Polyurethanes, Fluro Elastomers), by Application (Consumer Electronics, Medical, Others) and Regional Forecasts 2022-2032

Description

Global Wearable Material Market was valued at approximately USD 2.70 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 12.36% over the forecast period 2024-2032. Wearable materials are engineered fabrics designed for comfort and functionality in various applications, including clothing, accessories, and electronic devices. These materials are characterized by their flexibility, breathability, durability, moisture-wicking properties, and sometimes advanced functionalities such as stretchability, water resistance, or antimicrobial properties.

Global Wearable Material Market is driven by growing awareness of health and wellness has fueled the popularity of smart clothing and accessories embedded with biometric sensors, temperature regulators, and moisture-wicking fabrics. Consumers seeking comfort and hygiene in their activewear and everyday clothing favor wearable materials that offer breathability, moisture management, and antimicrobial properties. Additionally, the rise of wearable technology in fashion and personal expression has driven collaborations between fashion designers, technology companies, and material innovators. This convergence has spurred creativity in material selection and design, resulting in wearable products that blend functionality with fashion-forward aesthetics. Moreover, Advanced materials, sensors, and technologies used in wearables often come at a high price, making these devices unaffordable for a significant portion of the population, particularly in emerging markets. However, the cost associated with developing and manufacturing wearable devices is a significant restraint in the wearable materials market.

The key regions considered for the Global Wearable Material Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia-Pacific wearable materials market is projected to grow at the highest CAGR during the forecast period. Countries such as China, India, Japan, and South Korea have been experiencing rapid economic growth, leading to increased disposable income and consumer spending. This growth drives demand for consumer electronics, including wearable devices. The large population base in the region, including a growing middle class with increasing purchasing power, provides a substantial market for wearable devices, creating opportunities for manufacturers and suppliers of wearable materials.

Major market players included in this report are:

Lyndall Performance Materials
3M
Koninklijke Ten Cate BV
BASF SE
Covestro AG
Toray Industries, Inc.
Bally Ribbon Mills
Teijin Limited
Nano Dimension Ltd.
Avery Dennison Corporation

The detailed segments and sub-segment of the market are explained below:

By Type:

Silicon
Polyurethanes
Fluro Elastomers

By Application:

Consumer Electronics
Medical
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Wearable Material Market Executive Summary

1.1. Global Wearable Material Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Wearable Material Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Wearable Material Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Awareness of Health and Wellness
- 3.1.2. Advancements in Wearable Technology
3.2. Market Challenges
- 3.2.1. High Cost of Development and Manufacturing
- 3.2.2. Limited Affordability in Emerging Markets
3.3. Market Opportunities
- 3.3.1. Growing research and development in material science
- 3.3.2. Collaboration Between Fashion and Technology Sectors

Chapter 4. Global Wearable Material Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Wearable Material Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Wearable Material Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Silicon
- 5.2.2. Polyurethanes
- 5.2.3. Fluro Elastomers

Chapter 6. Global Wearable Material Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Wearable Material Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Consumer Electronics
- 6.2.2. Medical
- 6.2.3. Others

Chapter 7. Global Wearable Material Market Size & Forecasts by Region 2022-2032

7.1. North America Wearable Material Market
- 7.1.1. U.S. Wearable Material Market
  - 7.1.1.1. Type breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Application breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Wearable Material Market
7.2. Europe Wearable Material Market
- 7.2.1. U.K. Wearable Material Market
- 7.2.2. Germany Wearable Material Market
- 7.2.3. France Wearable Material Market
- 7.2.4. Spain Wearable Material Market
- 7.2.5. Italy Wearable Material Market
- 7.2.6. Rest of Europe Wearable Material Market
7.3. Asia-Pacific Wearable Material Market
- 7.3.1. China Wearable Material Market
- 7.3.2. India Wearable Material Market
- 7.3.3. Japan Wearable Material Market
- 7.3.4. Australia Wearable Material Market
- 7.3.5. South Korea Wearable Material Market
- 7.3.6. Rest of Asia Pacific Wearable Material Market
7.4. Latin America Wearable Material Market
- 7.4.1. Brazil Wearable Material Market
- 7.4.2. Mexico Wearable Material Market
- 7.4.3. Rest of Latin America Wearable Material Market
7.5. Middle East & Africa Wearable Material Market
- 7.5.1. Saudi Arabia Wearable Material Market
- 7.5.2. South Africa Wearable Material Market
- 7.5.3. Rest of Middle East & Africa Wearable Material Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Lyndall Performance Materials
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. 3M
- 8.3.3. Koninklijke Ten Cate BV
- 8.3.4. BASF SE
- 8.3.5. Covestro AG
- 8.3.6. Toray Industries, Inc.
- 8.3.7. Bally Ribbon Mills
- 8.3.8. Teijin Limited
- 8.3.9. Nano Dimension Ltd.
- 8.3.10. Avery Dennison Corporation

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes