Wearable Materials Market to Grow at a CAGR of 14.5% to Reach US$ 4,981.78 Million From 2020 to 2027

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.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 @ https://bit.ly/3AsPlqc

𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐖𝐞𝐚𝐫𝐚𝐛𝐥𝐞 𝐚𝐧𝐝 𝐏𝐨𝐫𝐭𝐚𝐛𝐥𝐞 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐃𝐞𝐯𝐢𝐜𝐞𝐬

With the rapid innovation in digitalization and technology and, new wearable gadgets, such as fitness trackers, fitness bands, and smart watches, are being launched that can track the wearer's movements, heart rate, etc. Many fitness companies have started manufacturing smart running socks which can track the wearer's running data, such as speed, time, and distance. Most of the wearable materials are made of fabrics such as silicones, which are durable and breathable, and offer other properties, such as better adhesion, permeability, and transparency. Companies are now focusing on designing printed materials for wearable electronics and smart fabrics to meet cost, and versatility.. Several devices, such as Fitbit wristbands, are made of latex-free elastomer material, which is flexible and lightweight.. Many companies and researchers are concentrating on developing smart clothing which can conduct electricity in a better way and is made up of flexible and breathable material. These clothes are produced using special process of electro-spinning which conglomerates the polymer fibers with small silver wires in a liquid form after which it is filtered, dried and heated. These materials can also withstand the wear and tear of daily use. Hence, it is quite evident that the demand for wearable materials would perpetually increase with the surge in demand for wearable devices along with introduction of new and advanced products.

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

Based on application, the wearable materials market is segmented into consumer electronics, medical, industrial, and others. The consumer electronicssegment led the wearable materials market with the highest market share in 2019. Consumer electronics is the most extensive application for wearable materials. Wearable consumer electronics include several wearable devices related to fitness & sports, entertainment & multimedia, and garments & fashion. Factors such as growing consumer demand and rapid miniaturization of sensor technology have contributed to the growth of the wearable market, which, in turn, has increased the demand for wearable materials.

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

𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐬

Arkema
Momentive
The Lubrizol Corporation
Wacker Chemie AG
Covestro AG
DSM
Solvay S.A.
Shin-Etsu Chemical Co., Ltd.
BASF SE
DuPont de Nemours, Inc.

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This release was published on openPR.