Introduction

Wearable devices are smart electronic devices incorporated with the clothing or worn on the person as accessories or implants. They are made of bio-compatible materials and possess properties such as durability, flexibility, strength, stiffness, toughness, lightness of weight, color stability, chemical and stain resistance, sweat resistance, UV resistance, and resistance to cracking. Materials used in the manufacture of wearable devices include fluoroelastomers, polyurethanes, and silicones.

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Global Wearable Materials Market: Trends & Developments

The global wearable materials market has been expanding due to the rise in disposable income in emerging economies and increase in demand for low-cost wearables. Rise in popularity of Internet of Things (IoT) and connected devices is expected to be another key factor expected to boost the global wearable materials market during the forecast period. Volatility in prices of raw materials and fluctuation in supply and demand are estimated to restrain the wearable materials market.

Global Wearable Materials Market: Segmentation

Based on the type, the global wearable materials market can be segmented into polyurethanes, fluoroelastomers, silicones, and others. Silicones are known for their biocompatibility and wide range of skin care applications, including peel and stick technology for wearable skin applications. Silicone adhesives are used in a wide range of applications such as wound care products, wearable monitoring devices, specialty cosmetic applications, medical device attachments, and external prosthetic devices. Polyurethane conformal coatings are used to protect sensitive micro-electronics, circuitry components, micro-controllers, sensors etc. Polyurethane optical fibers are employed in wearable breath monitoring sensors, owing to their mechanical flexibility to measure inhalation and exhalation motions through optical transmission variations of the fiber induced by bending and stretching. Fluoroelastomers are commonly used in the manufacture of wristbands. They are used in various wearable devices, as they provides luxurious look and feel, and increased durability and comfort.

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Global Wearable Materials Market: Regional Outlook

In terms of region, the global wearable materials market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the major region of the global wearable materials market. The market in the region is projected to expand at a significant pace during the forecast period. Additionally, rapid growth in electronics and semi-conductor industries in China and Japan is likely to positively influence the wearable materials market. China, South Korea, and Japan are the key countries for wearable materials in Asia Pacific. Emerging economies such as India and Vietnam are also expected to contribute substantially to the wearable materials market. North America is a vital region of the wearable materials market. The wearable materials technology in the U.S. is rapidly gaining popularity owing to the increase in demand for wrist-wear, fitness-wear, and health and wellness monitoring applications. Growth in popularity of wearable devices in the U.S. is estimated to drive the global wearable materials market.

Global Wearable Materials Market: Key Players

Key players operating in the global wearable materials market are BASF SE, Wacker Chemie AG, Arkema, Eastman Chemical Company, Elkem ASA, Koninklijke DSM N.V., The Lubrizol Corporation, Momentive, DowDuPont, Shin-Etsu Chemical Co., Ltd., Emerald Performance Materials, Covestro AG, Sumitomo Chemical Co., Ltd., Solvay, 3M, Sekisui Chemical Co Ltd., and DAIKIN INDUSTRIES, Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape
• Technological breakthroughs
• Value chain and stakeholder analysis

The regional analysis covers:

• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
• An objective assessment of the trajectory of the market
• Recommendations to companies for strengthening their foothold in the market