Wearable Materials Market Explosive Factors of Revenue by Key Vendors Size, Demand, Development Strategy, and Future Trends-DowDuPont, BASF SE, Arkema, Wacker Chemie AG, Eastman Chemical Company, Elkem

The market was valued at US$ 1,732.67million in 2019 and is projected to reach US$ 4,981.78millionby 2027; it is expected to grow at a CAGR of 14.5% from 2020to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

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Wearable materials can be flexibly used in the production of wearable devices and their parts, such as sensors and batteries. These materials possess distinctive characteristic features, including permeability, transparency, adhesion along with biocompatibility properties. Moreover, they are quite skin friendly. Increase in adoption of wearable technology has generated a significant amount of demand for materials, which could withstand the wear and tear due to daily usage. Further, such materials are comparatively lighter in weight and are perceived to be comfortable and flexible, thus they find applications across diversified application bases. Such materials are used in the production of fitness bands, smart watches, fitness trackers, and medical devices to gauge the actual body conditions.

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Arkema, Momentive, The Lubrizol Corporation, Wacker Chemie AG, Covestro AG, DSM, Solvay S.A, Shin-Itsu, BASF SE, and DuPont are among the well-established players in the global wearable materials market.

Impact of COVID-19 on Wearable Materials Market
The COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. As of August 2020, US, Brazil, India, Russia, Spain and UK are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.

Consumer electronics is one the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. For instance, China is the global hub of manufacturing and largest raw material supplier for various industries and it is also one of the worst affected countries. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various materials.

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This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Wearable materials market. The report presents a broad assessment of the market and contains solicitous insights, historical data, and statistically supported and industry-validated market data. The report offers market projections with the help of appropriate assumptions and methodologies. The research report provides information as per the market segments such as geographies, products, technologies, applications, and industries.

The report includes the segmentation of the global wearable materials market as follows:
 Global Wearable Materials Market, by Type
• Silicones
• Polyurethanes
• Fluoroelastomers
• Others

 Global Wearable Materials Market, by Function
• Energy Harvesting
• Sensing
• Thermoelectricity
• Luminescent
• Warming and Cooling
• Others

 Global Wearable Materials Market, by Application
• Consumer Electronics
• Medical
• Industrial
• Others

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