Wearable Materials Market, By Type (Silicones, Polyurethanes, Fluoroelastomers, and Others), By Application (Consumer Electronics, Medical, Industrial, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Introduction:

Wearable materials are majorly used to make wearable devices owing to their properties such as flexibility, and lightweight nature. Wearable materials have wide applications in healthcare sector in order to monitor wide-ranging symptoms of the body with comfort and ease. In addition, wearable materials are used to manufacture batteries, sensors, and other electronic components. They are made of bio-compatible materials and possess properties such as durability, flexibility, strength, stiffness, toughness, lightness of weight, colour stability, chemical and stain resistance, sweat resistance, UV resistance, and resistance to cracking. Materials used in the manufacture of wearable devices include fluoroelastomers, polyurethanes, and silicones. Global Wearable Materials Market size was valued at USD 1.99 billion in 2020 and is expected to grow to USD 9.06 in 2030 at a compound annual growth rate (CAGR) of 16.5%.

 

 

Increasing application of wearable materials

Increasing demand for wearable materials in consumer electronics with higher functionality owing to its light weight nature and comfort ability to individual is a major factor driving the growth of the global wearable materials market. In addition, rising demand for smart technology devices, which in turn increase demand for wearable materials, is another factor expected to fuel growth of the target market during the forecast period. Furthermore, increasing adoption of wearable materials in medical sector in order to monitor and detect different symptoms of the body, is another factor expected to propel growth of the potential market in the next coming years.

 

The Wearable Materials Market is segmented based on Type, Application, and Region.

On the basis of type, the Wearable Materials Market is segmented into Silicones, Polyurethanes, Fluoroelastomers and others. According to Prophecy Market Insights, in 2021 Silicones displayed a significant share in the market, due to its biocompatibility and wide range of skin care application. 

On the basis of application, the target market is classified into Consumers Electronics, Medical Industrial and Others. Where consumer electronics is expected to dominate the market, due to increase fitness and wellness trackers.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Wearable Materials Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific market is expected to dominate the wearable materials market, due to growing electronics industry along with rise in disposable income. Wherein, China strongly supports the dominating market of wearable materials due to huge presence of consumer electronics players in China region.

Further, The wearable materials market in North America is expected to register significant growth in terms of revenue in the target market over the forecast period, due to presence of prominent manufacturers and growing medical applications in countries in the region.

Report Scope:

Attribute	Details
Base year for estimation	2020
Forecast period	2020 – 2030
Market representation	Revenue in USD Million & CAGR from 2019 to 2029
Market Segmentation	By Type – Silicones, Polyurethanes, Fluroelastomers, and Others. By Application – Consumer Electronics, Medical, Industrial, and Others.
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Wearable Materials Market report based on test, application, and region:

Wearable Materials Market, By Type:

• Silicones
• Polyurethanes
• Fluoroelastomers
• Others

Wearable Materials Market, By Application:

• Consumer Electronics
• Medical
• Industrial
• Others

Wearable Materials Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating the Wearable Materials Market includes, BASF SE, DowDuPont Inc., Wacker Chemie AG, Koninklijke DSM N.V., Arkema S.A., Eastman Chemical Company, Shin-Etsu Chemical Co., Ltd., Elkem ASA, Momentive Performance Materials, and the Lubrizol Corporation. Product launch is a key strategy adopted by the companies to strengthen their position in the wearable materials market.

• BASF SE
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• DowDuPont Inc.,
• Wacker Chemie AG
• Koninklijke DSM N.V.
• Arkema S.A.
• Eastman Chemical Company
• Shin-Etsu Chemical Co., Ltd
• Elkem ASA
• Momentive Performance Materials
• Lubrizol Corporation 

 “*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
   • PORTER’s
   • Investment Outlook
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for Wearable Materials Strategies
     • Key Questions this Study will Answer
     • • By Type (Silicones, Polyurethanes, Fluoroelastomers, and Others)
       • By Application (Consumer Electronics, Medical, Industrial, and Others)
       • By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Overview
   • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
   • Y-o-Y Growth Analysis (%), 2020 – 2030
   • Regional Trends
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Regional Analysis
   • Regional Revenue Analysis
   • Regional By segment Analysis
   • Reasons for regional growth
   • Key Player of particular region
   • Countries Include in the report:

1. • • North America (U.S., Canada)
     • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
     • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
     • Latin America (Brazil, Mexico, Rest of Latin America)
     • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)

1. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
   • Competitive Overview
   • Competitive Benchmarking
   • Market Share Analysis
   • Key Developments In The Global Wearable Materials Market
   • Key Developments: Mergers & Acquisitions
   • Key Developments: Collaboration
   • Key Developments: Contracts & Agreements
   • Key Developments: Expansion
   • Key Developments: Product Developments
2. Company Profiles

 

• Company Overview
• Product Portfolio
• Key Highlights
• Financial Performance
• Business Strategies
• SWOT Analysis

• BASF SE, DowDuPont Inc., Wacker Chemie AG, Koninklijke DSM N.V., Arkema S.A., Eastman Chemical Company, Shin-Etsu Chemical Co., Ltd., Elkem ASA, Momentive Performance Materials, and the Lubrizol Corporation.

1. The Last Word
   • Future Impact
   • About Us
   • Contact