Waterproof Breathable Textiles Market Poised to Achieve CAGR of 6% by 2023 | Major Key Players (CARLISLE COMPANIES, FIRESTONE BUILDING PRODUCTS, FOSROC INTERNATIONAL LIMITED, JOHNS MANVILLE, SIKA AG)

Waterproof Breathable Textiles Market Highlights:
The waterproof breathable textile market is expected to register a CAGR of nearly 6% during the forecast period, 2018-2023. The major factor driving the market growth is the growing demand for comfortable and high performance fabrics, which led to the increasing sales of sportswear. In addition to this, rising awareness about fitness across the globe is expected to drive the market’s growth.

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Intrinsic Properties Driving the Market
The major driver for the global waterproof breathable textile market is the accelerating demand in various active sportswear applications, because of its ability to protect from extreme weather conditions. Apart from this, increasing government support for research on waterproof breathable textiles, coupled with the stringent rules and regulations imposed by the government on VOC emissions and other hazardous air pollutants, is opening a gateway of opportunities in the global waterproof breathable textile market.

Key Developments in the Market
May 2017: Toray Industries Inc, announced their decision to launch and market a new waterproof textile material which will commence from June, 2017.

Major Players:
CARLISLE COMPANIES INC., FIRESTONE BUILDING PRODUCTS, FOSROC INTERNATIONAL LIMITED, JOHNS MANVILLE, SIKA AG amongst others.

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Asia-Pacific Region Registering High Growth Rate
Europe currently dominates the market with a share of about 29%, but Asia-Pacific is expected to witness the highest growth rate. Growing demand for the footwear and garment industry in China and the Indian government’s initiatives like “Make in India” to increase foreign investment are expected to drive the Asia-Pacific waterproof breathable textile market.

Membrane Segment Witnessing High Growth Rate
The market has been segmented by textile, type of raw material, and end-user industry. By textile type, the membrane segment is expected to dominate the global market and witness the highest CAGR during the forecast period because of its excellent mechanical properties and water resistance. By type of raw material, the poly tetra fluoro ethylene (PTFE) segment is expected to dominate the global market.

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This release was published on openPR.