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Wearable Materials Market by Application (Consumer Electronics, Medical, Industrial), Type (Silicones, Polyurethanes, Fluoroelastomers), Region (APAC, North America, Europe, South America,and Middle East & Africa) - Global Forecast to 2023

Wearable Materials Market by Application (Consumer Electronics, Medical, Industrial), Type (Silicones, Polyurethanes, Fluoroelastomers), Region (APAC, North America, Europe, South America,and Middle East & Africa) - Global Forecast to 2023

“The wearable materials market is projected to register a CAGR of 15.0%, in terms of value, between 2018 and 2023.”
The market size for wearable materials is estimated at USD 1.5 billion in 2018 and is projected to reach USD 2.9 billion by 2023, at a CAGR of 15.0% between 2018 and 2023. The growth of this market is attributed to the increasing demand for low-cost wearables and rising disposable income in emerging economies. Another factor driving the wearable materials market is consumer preference for sophisticated wearables and growing popularity of connected devices. However, factors such as lack of durability and supple wearable materials are restraining the growth of the market. The prices of these wearable materials have been highly volatile in recent times, which affected the growth of the market.

”Silicones segment is projected to register the highest CAGR during the forecast period.”
The silicones segment is expected to be the fastest-growing type of wearable materials. This is owed to the increasing use of silicones for wearable medical devices. One of the major advantages of using silicone technology in wearables is its versatility. Silicone can be modified to adhere to a device’s specific requirements. Specific characteristics such as adhesion, peel strength, permeability, transparency, and processing properties can be tailored to meet the requirements of the wearable device. Silicones are also non-cytotoxic and are not sensitive to the skin. Silicone has low interfacial bonding for less impact on the skin with greater flowability for stable adhesion.

“Consumer electronics is the largest application of wearable materials.”
Consumer electronics is expected to be the largest application of the wearable materials market during the forecast period. Consumer wearable electronics encompass a number of wearable devices related to fitness & sports, entertainment & multimedia, and garments & fashion. Factors such as increasing consumer demand and rapid miniaturization of sensor technology have contributed to the growth of the wearable market, which in turn, has increased the demand for wearable materials.

“APAC is projected to be the largest wearable material market during the forecast period.”
The APAC wearable material market is projected to register the highest CAGR during the forecast period. This high growth is owed to the growing middle-class population, rapid urbanization, and increasing purchasing power of consumers. The growing consumer goods sector in this region also fuel the demand for wearable materials.

This study was validated through primary interviews with various industry experts. A breakup of the primary interviewees is given below:

By Company Type – Tier 1: 46%, Tier 2: 36%, and Tier 3: 18%
By Designation - C Level: 17%, Director Level: 27%, and Others: 55%
By Region – North America: 37%, Europe: 27%, APAC: 18%, South America: 9% and Middle East & Africa: 9%

Companies Profiled in the Report:
Key players profiled in this report include BASF (Germany), DowDuPont (US), Wacker Chemie (Germany), DSM (Netherlands), Arkema (France), Eastman Corporation (US), Shin-Etsu (Japan), Elkem (Norway), Momentive performance materials (US), and Lubrizol (US).

Research Coverage:
The report offers insights on wearable materials used in various applications across different regions. It estimates the size of the wearable materials market and projects future growth of the market across different segments. The report also includes an in-depth competitive analysis of the key players in the wearable materials market, which include company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help market leaders/new entrants in the wearable materials market by providing them the closest approximations of the revenues of the overall market and its various subsegments. This report will help stakeholders obtain a better understanding of the competitive landscape and gain insights to enhance their businesses and devise suitable market strategies. The report will also help stakeholders understand the pulse of the market and help acquire information on key market drivers, restraints, challenges, and opportunities affecting the growth of the wearable materials market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • REGIONS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE WEARABLE MATERIALS MARKET
    • WEARABLE MATERIALS MARKET, BY APPLICATION
    • WEARABLE MATERIALS MARKET, BY REGION
    • APAC WEARABLE MATERIALS MARKET, BY APPLICATION AND COUNTRY
    • WEARABLE MATERIALS MARKET, BY KEY COUNTRIES
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • INTENSITY OF COMPETITIVE RIVALRY
  • WEARABLE MATERIALS MARKET, BY TYPE
    • INTRODUCTION
    • SILICONES
      • SILICONES ARE BIOCOMPATIBLE AND VERSATILE MATERIALS
    • POLYURETHANES
      • POLYURETHANES ARE USED IN WEARABLE SKIN PATCHES, SOFTTOUCH BANDS IN SMARTWATCHES
    • FLUOROELASTOMERS
      • FLUOROELASTOMERS ENHANCE THE LOOK AND FEEL OF WEARABLE PRODUCTS
    • OTHERS
  • WEARABLE MATERIALS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • CONSUMER ELECTRONICS
      • Table WEARABLE MATERIALS MARKET SIZE IN CONSUMER ELECTRONICS, BY REGION, 2016-2023 (USD MILLION)
      • Table WEARABLE MATERIALS MARKET SIZE IN CONSUMER ELECTRONICS, BY SUB APPLICATION, 2016-2023 (USD MILLION)
      • FITNESS & SPORTS
      • INFOTAINMENT & MULTIMEDIA
      • MULTIFUNCTION
      • GARMENTS & FASHION
    • MEDICAL
      • Table WEARABLE MATERIALS MARKET SIZE IN MEDICAL, BY REGION, 2016-2023 (USD MILLION)
      • Table WEARABLE MATERIALS MARKET SIZE IN MEDICAL, BY SUB APPLICATION, 2016-2023 (USD MILLION)
      • CLINICAL
      • NONCLINICAL
    • INDUSTRIAL
      • Table WEARABLE MATERIALS MARKET SIZE IN INDUSTRIAL, BY REGION, 2016-2023 (USD MILLION)
      • Table WEARABLE MATERIALS MARKET SIZE IN INDUSTRIAL, BY SUB APPLICATION, 2016-2023 (USD MILLION)
      • LOGISTICS, PACKAGING & WAREHOUSES
      • OTHERS
    • OTHERS
      • Table WEARABLE MATERIALS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016-2023 (USD MILLION)
  • WEARABLE MATERIALS MARKET, BY REGION
    • INTRODUCTION
      • Table WEARABLE MATERIALS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: WEARABLE MATERIALS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: WEARABLE MATERIALS MARKET SIZE IN CONSUMER ELECTRONICS, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: WEARABLE MATERIALS MARKET SIZE IN MEDICAL, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: WEARABLE MATERIALS MARKET SIZE IN INDUSTRIAL, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: WEARABLE MATERIALS MARKET SIZE IN OTHER APPLICATIONS, BY COUNTRY, 2016-2023 (USD MILLION)
      • US
        • Table US: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • CANADA
        • Table CANADA: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • MEXICO
        • Table MEXICO: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • EUROPE
      • Table EUROPE: WEARABLE MATERIALS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table EUROPE: WEARABLE MATERIALS MARKET SIZE IN CONSUMER ELECTRONICS, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: WEARABLE MATERIALS MARKET SIZE IN MEDICAL, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: WEARABLE MATERIALS MARKET SIZE IN INDUSTRIAL, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: WEARABLE MATERIALS MARKET SIZE IN OTHER APPLICATIONS, BY COUNTRY, 2016-2023 (USD MILLION)
      • GERMANY
        • Table GERMANY: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • UK
        • Table UK: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • FRANCE
        • Table FRANCE: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • ITALY
        • Table ITALY: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023(USD MILLION)
      • SPAIN
        • Table SPAIN: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023(USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023(USD MILLION)
    • APAC
      • Table APAC: WEARABLE MATERIALS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table APAC: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table APAC: WEARABLE MATERIALS MARKET SIZE IN CONSUMER ELECTRONICS, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table APAC: WEARABLE MATERIALS MARKET SIZE IN MEDICAL, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table APAC: WEARABLE MATERIALS MARKET SIZE IN INDUSTRIAL, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table APAC: WEARABLE MATERIALS MARKET SIZE IN OTHER APPLICATIONS, BY COUNTRY, 2016-2023 (USD MILLION)
      • CHINA
        • Table CHINA: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • JAPAN
        • Table JAPAN: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • INDIA
        • Table INDIA: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • MALAYSIA
        • Table MALAYSIA: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • REST OF APAC
        • Table REST OF APAC: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: WEARABLE MATERIALS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA: WEARABLE MATERIALS MARKET SIZE IN CONSUMER ELECTRONICS, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA: WEARABLE MATERIALS MARKET SIZE IN MEDICAL, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA: WEARABLE MATERIALS MARKET SIZE IN INDUSTRIAL, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA: WEARABLE MATERIALS MARKET SIZE IN OTHER APPLICATIONS, BY COUNTRY, 2016-2023 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: WEARABLE MATERIALS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: WEARABLE MATERIALS MARKET SIZE IN CONSUMER ELECTRONICS, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: WEARABLE MATERIALS MARKET SIZE IN MEDICAL, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: WEARABLE MATERIALS MARKET SIZE IN INDUSTRIAL, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: WEARABLE MATERIALS MARKET SIZE IN OTHER APPLICATIONS, BY COUNTRY, 2016-2023 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • ISRAEL
        • Table ISRAEL: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • REST OF MIDDLE EAST & AFRICA
        • Table REST OF MIDDLE EAST & AFRICA: WEARABLE MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET RANKING
    • COMPETITIVE SCENARIO
      • EXPANSION
        • Table EXPANSION, 2015-2017
      • NEW PRODUCT LAUNCH
        • Table NEW PRODUCT LAUNCH, 2015-2017
      • ACQUISITION
        • Table ACQUISITION, 2015-2017
  • COMPANY PROFILES
    • BASF
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DOWDUPONT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • WACKER CHEMIE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DSM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ARKEMA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • EASTMAN CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • SHIN-ETSU
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • ELKEM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • MOMENTIVE PERFORMANCE MATERIALS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • LUBRIZOL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • OTHER COMPANIES
      • EMERALD PERFORMANCE MATERIALS
      • DAIKIN CHEMICALS
      • SOLVAY
      • 3M
      • COVESTRO
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • RELATED REPORTS
    • AUTHOR DETAILS

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