Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.10 Billion | USD 3.42 Billion | 5.6% | 2023 |
Zion Market Research has published a report on the global Waterproof Textiles Market, estimating its value at USD 2.10 Billion in 2023, with projections indicating that it will reach USD 3.42 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.6% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Waterproof Textiles Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Waterproof literally means something that is impervious to water and Waterproof fabrics are those that are highly water resistant and water does not pass through them easily. Waterproof fabrics are designed to be used in garments that provide us protection from external affecting factors like rain, and winter and internal factors like loss of body heat. These fabrics are ventilated by infinite pores.
The use of waterproof fabric in sports and outdoor apparel is growing rapidly owing to its durability and lightweight. After some work out our body perspires and if the outfit is not breathable it results in body heat loss which can cause health issues. The millennia are aware of the importance of fitness and this has impacted positively to Waterproof Textiles Market.
The global waterproof textiles market has witnessed a downturn in sales for the short term owing to the hindered possibilities of not being manufactured in various countries due to lockdown enforcement. The decline in demand for outdoor and sports outfits has also led to a decline in waterproof fabric. However, the world markets are slowly opening to their full potential, and theirs a surge in demand for waterproof fabric. The market would remain sluggish in the upcoming year but it is expected to gain momentum due to the rise in outdoor activities preferred by the young generation. The restrictions imposed by various nations to contain COVID had stopped production resulting in disruption across the whole supply chain.
With the rise in demand for sports, leisure, outdoor and warm ware the waterproof fabric market is growing positively. The customers are aware of its durability and lightweight and fashionable which makes them easy to carry. The waterproof fabric is mostly recyclable which makes it eco-friendly and is being prompted by key market players. Waterproof fabrics are also known for their ability to stop Water from outside but it also permits the penetration of water vapor from inside. This allows Waterproof fabrics to be breathable even under rainy conditions.
The demand for fashion items like jackets, riding gears, and others have caught the investor’s eye and will likely be a major factor for growth in the forecast period. The footwear market has also seen a rise in demand for quality, durable, lightweight, and waterproof products. As more and more people are attracted to a healthy lifestyle the sale of waterproof fabric is growing positively. Extreme sports like paragliding, scuba diving, para jumping, etc. require special gears to protect themselves and these gears are mostly made of waterproof fabric, these sports are like by young and energetic people, there is demand for such gores which will boost the waterproof fabric market.
Report Attributes | Report Details |
---|---|
Report Name | Waterproof Textiles Market |
Market Size in 2023 | USD 2.10 Billion |
Market Forecast in 2032 | USD 3.42 Billion |
Growth Rate | CAGR of 5.6% |
Number of Pages | 141 |
Key Companies Covered | Clariant International AG, General Electric Company, W. L. Gore & Associates, Inc, Marmot Mountain, LLC, Mountain Hardwear, Inc, Patagonia Inc, Polartec, LLC, Schoeller Textil AG, Lowe Alpine, Clariant, and among others |
Segments Covered | By Type, By Fabric, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The polyurethane segment held a share of around 32.56% in 2020. This is attributable to low cost and high durability. It is used in footwear as well as garment making it one of the key fabrics. Polyurethane is also used in making defense equipment and investors are attracted to the wide range of possibilities in this market, owing to this the waterproof fabric is all set to grow positively.
The membrane segment is also growing due to its outstanding mechanical properties. These membrane fabrics are extremely thin and resist water and allow the flow of outward water vapor. Membranes are around 10mm thick and can be laminated with fabrics to strengthen their mechanical properties.
The garment segment will grow at a CAGR of over 5.6% from 2024 to 2032. This is attributable to the growing demand for fashionable goods around the globe. Footwear is made using waterproof fabrics like polytetrafluoroethylene which gives it extra protection and is highly durable. It is also used to make protective gears and winter wares. Ecofriendly sustainable appeals are preferred as the leading manufacturers are promoting and encouraging their customers to purchase such products
The defense segment is also growing as a new application of waterproof fabric is being researched to make it military-grade. Investors are looking to explore this segment.
The APAC region held a share of the waterproof textiles market at 39.23% in 2023. This comprises some of the major economies like China, India Japan, Australia, etc. This is attributable to the presence of top companies such as Clariant International AG, Schoeller Textil AG, Lowe Alpine, Clariant, and others. Moreover, the increasing usage of waterproof fabric apparel and the outdoor sector is expected to generate huge demand for the market in this region. This demand has urged manufacturers to produce quality products and also increase production to meet the demands with easy availability of raw materials, growth of this region is forecasted to be positive growth.
The North American region is projected to grow at a CAGR of 4.8% over the forecast period. This surge is due to the increasing adoption of the Waterproof textiles Market in industrial and multifunctional use. These fabrics are very reliable and industrial workers are advised to use them. This increase in demand for the Waterproof textiles Market is also the due attraction of people to healthy life last has boosted to Waterproof textiles Market. More and more people are trying yoga, aerobics, and other fitness activities.
Some of the key players in the Waterproof textiles Market are
By Type
By Fabric
By Application
By Region
FrequentlyAsked Questions
The global waterproof Textiles market was valued at USD 2.10 Billion in 2023.
The global waterproof textiles is expected to reach USD 3.42 Billion by 2032, growing at a CAGR of 5.6% between 2024 to 2032.
Some of the key factors driving global waterproof textiles market growth are its durability and lightweight and fashionable.
The APAC region held a share of 39.23% in 2020. This is attributable to the presence of top companies such as Clariant International AG, Schoeller Textil AG, Lowe Alpine, Clariant and others. Moreover, the increasing usage of waterproof fabric apparels and outdoor sector is expected to generate huge demand for the market in this region.
Some of major companies operating in the global waterproof textiles are Clariant International AG, General Electric Company, W. L. Gore & Associates, Inc, Marmot Mountain, LLC, Mountain Hardwear, Inc, Patagonia Inc, Polartec, LLC, Schoeller Textil AG, Lowe Alpine, Clariant, marmot and among others.
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