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Neoprene Fabric Market is Expected to Reach $29,793 Million, By Leading Industry Players Rivertex Technical Fabrics Group, Colmant Coated Fabrics, Fabric House S.R.L., Sheico Group, Lomo UK, Techneopro Ltd., Xcel Hawaii, Inc. (Boardriders, Inc.), Rip Curl

12-03-2018 03:20 PM CET | Sports

Press release from: Allied Market Research

Neoprene Fabric Market

Neoprene Fabric Market

Increase in women empowerment programs and campaigns by government propel the growth of the overall sports and fitness industry along with neoprene-based clothing industry. In addition, rise in preference of fitness wear by young population as street wear and office wear fuels its demand, thereby supporting the market growth.

According to a new report published by Allied Market Research titled, Neoprene Fabric Market by Type and End use: Global Opportunity Analysis and Industry Forecast, 2017-2024," the global neoprene fabric market was valued at $20,644 million in 2017, and is expected to reach $29,793 million by 2024, registering a CAGR of 5.3 % from 2018 to 2024. North America dominated the global neoprene fabric market in 2017, accounting for more than 40% of the total revenue.

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Neoprene fabric, a spongy synthetic rubber, is prepared by combining other types of fabric such as, nylon, polyesters, and sometimes spandex to enhance its flexibility. Polyester coated neoprene fabric offers vivid color resistance even when exposed to direct sunlight. Whereas, nylon coated neoprene offers higher fabric strength over polyester. The spongy layer of the fabric is prepared by infusing nitrogen jet into SBR rubber to make minute bubbles. This layer of bubbles aids in offering buoyancy to the fabric, which makes it perfect for water sports, such as jet skiing, windsurfing, and surfing.

The extensive advantages such as water resistance, bi-stretchable function, anti-bacterial fabric, and others and surge in participation of consumers in physical and fitness activities act as key demand driving factors of the global market. Moreover, female consumer base for fitness wear is on an increase, owing to holistic approach of female customers toward sports and fitness. Similarly, increase in adoption of athleisure wear as work or street wear propels the growth of the overall market. Furthermore, rise in disposable income and increase in fitness concerns significantly contribute toward the growth of the market.

However, volatile cost of raw materials and inflated cost of designing lead to high cost of the final product. This hampers the sales of the product among price-sensitive customers, thereby restraining the market growth. Moreover, presence of counterfeit brands results in safety issues and inconvenience for consumers, which hamper the growth of the market. Conversely, increase in use of green textile and implementation of the sustainable production methods fuel the adoption of neoprene fabric among green consumers. Furthermore, rise in promotional activities such physical activity campaigns, empowerment programs, and fitness wear promotion by sponsoring celebrities or athletes is expected to provide lucrative opportunities for the key players.

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The outerwear segment is anticipated to witness high growth rate in the neoprene fabric market during the forecast period, owing to increase in the adoption of athleisure wear as casual clothing and rise in sports participation. However, the swim wear, wet suit, and rash guard segment is estimated to maintain its dominance in the global neoprene fabric market during the forecast period, owing to rise in costal tourism.

North America and Europe collectively accounted for about more than two-thirds of the share of the global neoprene fabric market in 2017. Developing lifestyle and rise in disposable income of consumers are expected to drive the growth of the Asia-Pacific market.

Major players in the neoprene fabric market include Rivertex Technical Fabrics Group, Colmant Coated Fabrics, Fabric House S.R.L., Sheico Group, Lomo UK, Techneopro Ltd., Xcel Hawaii, Inc. (Boardriders, Inc.), Rip Curl Group Pty Ltd., Brunotti Europe BV, and Johnson Outdoors Inc. Other prominent players in the market are Active Foam Products, Inc., Sky Industries Limited, Eastex Products, Inc., and Auburn Manufacturing, Inc.

Key Findings of the Neoprene Fabric Market:

• In terms of value, the ready-to-wear segment is expected to grow at a CAGR of 6.2% during the forecast period.
• North America is expected to dominate the market, registering the highest CAGR of 5.1% in terms of value.
• Asia-Pacific is projected to show exponential growth in demand throughout 2024, growing at a CAGR 6.9%, in terms of value.
• By type, the polychloroprene rubber segment is anticipated to dominate market registering CAGR of 4.5%.
• China accounted for more than one-third of the total Asia-Pacific neoprene fabric market in 2017.
• In the global neoprene fabric market, India is expected to grow at a CAGR of 12.6%, in terms of value.

LIST OF TABLES

TABLE 01. GLOBAL NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 02. NEOPRENE FABRIC MARKET FOR POLYCHLOROPRENE RUBBER, BY REGION, 2017-2024 ($MILLION)
TABLE 03. NEOPRENE FABRIC MARKET FOR CIRCULAR KNIT, BY REGION, 2017-2024 ($MILLION)
TABLE 04. GLOBAL NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 05. OUTERWEAR NEOPRENE FABRIC MARKET, BY REGION, 2017-2024 ($MILLION)
TABLE 06. READY-TO-WEAR NEOPRENE FABRIC MARKET, BY REGION, 2017-2024 ($MILLION)
TABLE 07. SWIM WEAR, WET SUIT, AND RASH GUARD NEOPRENE FABRIC MARKET, BY REGION, 2017-2024 ($MILLION)
TABLE 08. FOOTWEAR NEOPRENE FABRIC MARKET, BY REGION, 2017-2024 ($MILLION)
TABLE 09. OTHER NEOPRENE FABRIC MARKET, BY REGION, 2017-2024 ($MILLION)
TABLE 10. NEOPRENE FABRIC MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 11. NORTH AMERICA NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 12. NORTH AMERICA NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 13. NORTH AMERICA NEOPRENE FABRIC MARKET, BY COUNTRY, 2017-2024 ($MILLION)
TABLE 14. U.S. NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 15. U.S. NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 16. CANADA NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 17. CANADA NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 18. MEXICO NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 19. MEXICO NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 20. EUROPE NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 21. EUROPE NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 22. EUROPE NEOPRENE FABRIC MARKET, BY COUNTRY, 2017-2024 ($MILLION)
TABLE 23. UK NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 24. UK NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 25. GERMANY NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 26. GERMANY NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 27. FRANCE NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 28. FRANCE NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 29. SPAIN NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 30. SPAIN NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 31. ITALY NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 32. ITALY NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 33. REST OF EUROPE NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 34. REST OF EUROPE NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 35. ASIA-PACIFIC NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 36. ASIA-PACIFIC NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 37. ASIA-PACIFIC NEOPRENE FABRIC MARKET, BY COUNTRY, 2017-2024 ($MILLION)
TABLE 38. CHINA NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 39. CHINA NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 40. JAPAN NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 41. JAPAN NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 42. INDIA NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 43. INDIA NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 44. AUSTRALIA NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 45. AUSTRALIA NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 46. SOUTH KOREA NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 47. SOUTH KOREA NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 48. REST OF ASIA-PACIFIC NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 49. REST OF ASIA-PACIFIC NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 50. LAMEA NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 51. LAMEA NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 52. LAMEA NEOPRENE FABRIC MARKET, BY REGION, 2017-2024 ($MILLION)
TABLE 53. BRAZIL NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 54. BRAZIL NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 55. SAUDI ARABIA NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 56. SAUDI ARABIA NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 57. SOUTH AFRICA NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 58. SOUTH AFRICA NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 59. REST OF LAMEA NEOPRENE FABRIC MARKET, BY END USE, 2017-2024 ($MILLION)
TABLE 60. REST OF LAMEA NEOPRENE FABRIC MARKET, BY TYPE, 2017-2024 ($MILLION)
TABLE 61. RIVERTEX TECHNICAL FABRICS GROUP: COMPANY SNAPSHOT
TABLE 62. RIVERTEX TECHNICAL FABRICS GROUP: OPERATING SEGMENTS
TABLE 63. COLMANT COATED FABRICS: COMPANY SNAPSHOT
TABLE 64. COLMANT COATED FABRICS: OPERATING SEGMENTS
TABLE 65. FABRIC HOUSE S.R.L.: COMPANY SNAPSHOT
TABLE 66. FABRIC HOUSE S.R.L.: OPERATING SEGMENTS

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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