GLOBAL WATERPROOF BREATHABLE TEXTILES MARKET FORECAST 2019-2027
NEW YORK, April 30, 2019 /PRNewswire/ -- KEY FINDINGS
Waterproof breathable fabrics are designed for use in garments that protection from the weather that is from wind, rain, and loss of body heat. They effectively prevent the penetration and absorption of liquid water as opposed to water-repellent fabric, which can only delay the water penetration.
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The global waterproof breathable textile market is anticipated to grow at a CAGR of 5.53% between 2019 and 2027 to generate revenue of $2,695.92 million by 2027. In terms of volume global waterproof breathable textile market is anticipated to grow at a CAGR of 6.09% between 2019 and 2027 to generate revenue of 796.13 million square meters by 2027. Growing product demand from the sportswear sector has been driving the demand for waterproof breathable textiles.
MARKET INSIGHTS
The chief factors that have been primarily driving the development of the waterproof breathable textile market are the rising demand from sports and leisure, and the rise in the consumer awareness regarding eco-friendly products and their subsequent raised demand. This demand for sportswear that offers resistance to bacteria and helps reduce odor is further expected to drive the market over the forecast period.
Changes in consumer interest or preferences are the major factor hindering the waterproof breathable textile market. A shift in fashion trends may have a great impact on product demand over the next few years and also preferences toward outdoor activities may pose a challenge to waterproof breathable textiles market growth over the forecast period.
REGIONAL INSIGHTS
The global waterproof breathable textile market has geographical segments divided into North America, Europe, Asia Pacific and the remaining countries banding together to form the Rest of World regional segment.
The waterproof breathable textile market in the Asia Pacific is expected to hold the largest share by 2027 due to the possibilities of increased use of waterproof breathable textiles. The Asia Pacific waterproof breathable textile market constitutes approx. 34% share. And also is anticipated to be the fastest-growing region for the waterproof breathable textile market. The Asia-Pacific market covers Japan, China, India, Australia, South Korea and the Rest of Asia-Pacific countries for contributions.
China leads the Asia Pacific waterproof breathable textile market, followed by Japan. Moreover, the rapid increase in retail and online sports apparel stores in China would foster the growth of the market in the region.
COMPETITIVE INSIGHTS
Tanatex Chemicals B.V., Columbia Sportswear Company, Schoeller Textil AG, Lowe Alpine, Huntsman Textile Effects, Clariant, Helly Hansen, Jack Wolfskin Retail GmbH, Marmot Mountain LLC., Nike, Inc., General Electric Company, Mitsui & Co., Ltd., W. L. Gore & Associates, HeiQ Materials AG, Polartec, LLC, and Rudolf GmbH are the major companies established in the global market, which have been thoroughly profiled in the report. For instance, the company, Mitsui & Co. Ltd. has its business activities involved in the trade of various commodities, financing for customers and suppliers relating to trading activities, and organizing and coordinating industrial projects through its business networks. Clariant operates through the four business segments of plastics & coatings, natural resources, catalysis & energy, and care chemicals
Companies mentioned
1. CLARIANT
2. COLUMBIA SPORTSWEAR COMPANY
3. GENERAL ELECTRIC COMPANY
4. HEIQ MATERIALS AG
5. HELLY HANSEN
6. HUNTSMAN TEXTILE EFFECTS
7. JACK WOLFSKIN RETAIL GMBH
8. LOWE ALPINE
9. MARMOT MOUNTAIN LLC.
10. MITSUI & CO., LTD.
11. NIKE, INC.
12. POLARTEC, LLC
13. RUDOLF GMBH
14. SCHOELLER TEXTIL AG
15. TANATEX CHEMICALS B.V.
16. W. L. GORE & ASSOCIATES
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