PUBLISHER: The Business Research Company | PRODUCT CODE: 1435460
PUBLISHER: The Business Research Company | PRODUCT CODE: 1435460
Nanotechnology clothing involves the integration of nanoparticles or nanofibers in fabric production, enhancing fabric qualities without significantly altering weight, thickness, or stiffness. These nanoparticles are utilized in fibers or applied as coatings on clothing to improve various surface characteristics such as microbicidal, waterproof, antistatic, UV-protection, color durability, dirt resistance, odor resistance, stain resistance, and better thermal performance.
Primary types of nanotechnology clothing include nanocoated textiles, nanoporous textiles, fabrics with nanofiber webs, and composite fibers with nanostructures. Nanocoatings, ultra-thin films in the nanoscale range (around 1-100 nm), are used to enhance features such as antibacterial and anti-fouling properties, corrosion resistance, and water/ice protection. The applications span across healthcare, packaging, sports and leisure, defense, home and household, environmental protection, geotextiles, and more, catering to men, women, and children.
The nanotechnology clothing market research report is one of a series of new reports from The Business Research Company that provides nanotechnology clothing market statistics, including nanotechnology clothing industry global market size, regional shares, competitors with a nanotechnology clothing market share, detailed nanotechnology clothing market segments, market trends and opportunities, and any further data you may need to thrive in the nanotechnology clothing industry. This nanotechnology clothing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The nanotechnology clothing market size has grown exponentially in recent years. It will grow from $7.16 billion in 2023 to $8.91 billion in 2024 at a compound annual growth rate (CAGR) of 24.4%. The growth observed in the historical period can be attributed to various factors, including performance enhancement in clothing, innovation in fashion and style, applications in health and wellness, utilization of lightweight and comfortable materials, and increased competitiveness within the textile industry.
The nanotechnology clothing market size is expected to see exponential growth in the next few years. It will grow to $20.43 billion in 2028 at a compound annual growth rate (CAGR) of 23.1%. Forecasted growth is driven by the adoption of sustainability and eco-friendly materials, integration of smart textiles and wearable technology, personalized and customizable apparel options, incorporation of health monitoring and wellness features, and the global pandemic response. Major trends in the forecast period encompass the utilization of nanofiber-based textiles, development of energy-harvesting textiles, application of anti-odor nanoparticles, emphasis on environmental sustainability, and the emergence of biometric sensing clothing.
The nanotechnology clothing market is anticipated to experience growth, primarily driven by the increasing adoption of nanotechnology clothing in the medical sector, where its anti-microbial properties play a crucial role. Nanotechnology clothing, equipped with anti-microbial features, proves effective against various microorganisms, including viruses, fungi, and bacteria. Companies operating in this market are introducing medical products designed to combat microorganisms. An example is Anxin, a Zhuhai-based mask manufacturer, which launched bacteria-killing reusable nano-silver masks in March 2021, meeting the rising demand for face masks post the COVID-19 outbreak. The nano-silver particles in these masks continuously release ions capable of killing bacteria and viruses. Consequently, the growing use of nanotechnology clothing in the healthcare industry is expected to drive market revenues and growth in the coming years.
The nanotechnology clothing market is poised for growth due to increasing consumer awareness and emphasis on health and wellness. Consumer health and wellness involve individuals actively managing and optimizing their health, well-being, and lifestyle. The rising demand for clothing that not only provides protection and comfort but also contributes to overall well-being is driving the market. Nanotechnology clothing supports health-conscious consumers in maintaining a healthy and active lifestyle. In March 2022, the Office for National Statistics reported that a significant percentage of people in the UK considered themselves to be in good or very good health. This emphasis on health and wellness is expected to propel the growth of the nanotechnology clothing market.
The growth of the nanotechnology clothing market may face hindrances due to concerns about the toxicity of nanomaterials. Nanomaterials or nanoparticles have been identified as potentially toxic to the human body, with the ability to enter the circulatory system through the skin, lungs, and intestinal organs. Inhalation of nanomaterials can lead to their entry into the human body, reaching the brain and causing damage or death. The potential toxicity of nanomaterials poses a challenge and is expected to restrain the growth of the nanotechnology clothing market during the forecast period.
A significant trend influencing the growth of the nanotechnology clothing market is the introduction of new products featuring wearable technology. Key players in the market are launching clothing lines incorporating wearable technology to sustain their competitive positions globally. For example, in December 2021, NanoTextile, a Malaysia-based nanotechnology firm, introduced the 'Beneath Hijab' theme. This product line is inspired by underscarves or inners and offers a diverse range of patterns, silhouettes, and colors. 'Beneath Hijab' prioritizes comfort alongside functionality, leveraging nanotechnology integrated into the inner scarf. This technology is part of NanoTextile's Hygienic Series, encompassing antibacterial, odorless, and self-cleaning functionalities.
Major companies are focusing on innovation, introducing products such as smart fabric to enhance their market profitability. Smart fabric is a type of textile embedded with digital components such as batteries, LEDs, electronic chips, or sensors. For instance, in May 2021, Nextiles, a US-based textiles company, launched Smart fabric designed to monitor data related to human performance. This fabric can interact with the environment, transmit data using embedded sensors or lead wires, and communicate with wearable devices through clothing. It has the capability to sense various environmental conditions.
Major companies operating in the nanotechnology clothing market report are BASF SE, Toray Industries Inc., Parker Hannifin Corporation, FTEnE GmbH, Teijin Frontier Co. Ltd., Patagonia Inc., Helly Hansen AS, Odegon Technologies AG, Osmotex AG, GoGoNano, Oxford Nanopore Technologies Ltd., Aspen Aerogels Inc., Nantero Inc., Spiber Inc., Nano Textile Ltd., NuMat Technologies Inc., Nanotech Industrial Solutions Inc., Liquidia Technologies Inc., DigiLens Inc., StoreDot Ltd., PurThread Technologies Inc., Abionic SA, Bolt Threads Inc., Schoeller Textil AG, Colmar S.p.A., eSpin Technologies Inc., NanoHorizons Inc., Lyncean Technologies Inc., Modern Meadow Inc., Shanghai Huzheng Nano Technology Co. Ltd., Nanotex LLC, Bionic Yarn, Nolla Antimicrobial Oy, Nanovis LLC, Nanogate SE, Nanophase Technologies Corporation, Quantum Materials Corp.
Western Europe was the largest region in the nanotechnology clothing market in 2023. Asia-Pacific was the second largest region in the global nanotechnology clothing market share. The regions covered in the nanotechnology clothing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the nanotechnology clothing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The nanotechnology clothing market consists of sales of nanowhiskers, silver nanoparticles, nanopores, and nanoparticles. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Nanotechnology Clothing Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on nanotechnology clothing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for nanotechnology clothing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The nanotechnology clothing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.