Wearable Materials Market COVID-19 Impact and Global Analysis by 2027 - Arkema, BASF SE, Covestro AG, DSM, DuPont de Nemours

The Wearable Materials 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.

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.

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The COVID-19 pandemic first began in Wuhan, China in December 2019, and since then, it has spread at a fast pace worldwide. As of September2020, the US, India, Brazil, Russia, South Africa, Mexico, and the UK are among some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Chemical and materials is one of the major industries suffering facing serious disruptions such as office and factory shutdown, and supply chain breaks, , as a result of this outbreak.

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.

Wearable materials have entered into many industries and are making quite an impact in all the industries. Medical wearables are being developed to provide support to users with specific conditions, such as epilepsy, chronic obstructive pulmonary disease, asthma, heart arrhythmia, chronic pain, and breast cancer. The huge quantities of data collected by medical devices are useful not only for consumers to manage their own health, but also for healthcare organizations to improve their healthcare facilities. Silicone is considered biocompatible and is much more breathable than any other organic polymer. It can be used in various skin care applications, including peel and stick technology for wearable skin applications and biomedical grade silicones for wearable medical devices. These materials adapt well to the body contours and offer greater comfort and better fit.

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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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