PUBLISHER: TechNavio | PRODUCT CODE: 1524967
PUBLISHER: TechNavio | PRODUCT CODE: 1524967
The neoprene fabric market is forecasted to grow by USD 182.1 mn during 2023-2028, accelerating at a CAGR of 3.27% during the forecast period. The report on the neoprene fabric market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by product innovation and portfolio extension leading to product premiumization, consumer demand for neoprene fabric-based athleisure wear, and strategic initiatives of market vendors.
Technavio's neoprene fabric market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 3.12% |
CAGR | 3.27% |
Incremental Value | $182.1mn |
By Type
By Geographical Landscape
This study identifies the increased preference for purchasing sportswear online as one of the prime reasons driving the neoprene fabric market growth during the next few years. Also, growing use of neoprene fabric in medical and automotive industries due to its chemical/metallic bonding ability and growing demand for circular knit neoprene will lead to sizable demand in the market.
The report on the neoprene fabric market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading neoprene fabric market vendors that include Active Foam Products Inc., Auburn Manufacturing Inc., Boardriders, Bosforus Textile, COLMANT COATED FABRICS, Eastex Products Inc., Fabric House S.r.l. Soc. Unipersonale, Lomo, Macro International Co., Neoprene Solution GmbH, Rivertex Technical Fabrics Group BV, SHEICO Group, Sky Industries Ltd., Techneopro Ltd., and Welcome Polymers India Pvt. Ltd.. Also, the neoprene fabric market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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