Global Market Insights, Inc., research report has cited that the worldwide waterproof breathable textiles market is envisaged to be valued at USD 2.5 billion by the end of 2025, in terms of revenue.
Growing demand for high quality comfort fabric paired with the novel advances in fabric manufacturing is foreseen to propel waterproof breathable textiles market size during 2019-2025. Moreover, mounting consumer interest in physical activities including skiing, hiking, climbing, running, and other such exercises has prompted manufacturers to offer highly functional fabric that offer foolproof protection from various environmental impact such as rains and winds.
What else is driving the industry growth is the transforming face of technological trends in the textile industry, which has given rise to faster and efficient production of comfortable and odor-free clothing and footwear products.
The technology for manufacturing waterproof breathable has been constantly evolving ever since the invention of Gore-Tex jacket in mid 1970s. It has been claimed that the garment woven out of these fabrics are extensively used by outdoor and sports fanatics as well as experts in any conditions. Other fundamental trend in the technological development of waterproof breathable fabrics in Colorado’s Voormi, a technology that produces waterproof and breathable textile with only a single layer of material, triggering the growth of waterproof breathable textiles market.
What has added to the growth of waterproof breathable textiles market dynamics is the ever expanding active sportswear market. On account of this, the active sportswear application market, in 2018, surpassed an overall market revenue of USD 700 million and is expected to proliferate at a prodigious pace in the upcoming years. This growth is attributable to the mounting engagement of youth and middle-aged population in vivid sports activities on the grounds of maintaining a healthy and fit lifestyle.
Waterproof breathable fabrics deliver versatile comfort in adverse weather conditions while ensuring robust ventilation. Besides, an upsurge in living standards and mounting cognizance pertaining to the fabric benefits would potentially stimulate the business growth over the forecast period.
Robust industrialization has provided an impetus to the waterproof breathable fabric, in terms of footwear, as they are made effectively to provide comfort and protection along with ensuring worker’s safety to augment the working efficiency across the industrial areas, spurring the demand for more WBTs.
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Speaking on these lines, the increasing deployment of health and safety practices in industrial workspace to combat critical fatalities would boost the market growth. Considering the rapid industrialization, North America waterproof breathable textiles market from the footwear application segment is projected to grow at a CAGR of 6.5 per cent through 2025.
Furthermore, growth in the consumers partaking in outdoor sports has positively influenced the demand for premium quality footwear, fueling the market growth down the line of seven years.
Speaking of the waterproof breathable garments, it has been estimated that Europe waterproof breathable textiles market from the garments segment would record a valuation of USD 350 million over the foreseeable period ascribing to the elevating popularity of numerous outdoor activities across the region. A considerable rise in the demand for multifunctional apparels given the increasing penetration of the product via various sales channels in anticipated to boost the global waterproof breathable textiles market trends.
Incessant research and development activities aimed at manufacturing superior quality products, that are environmentally sustainable would irrefutably expand waterproof breathable textile industry share in the near future. Prominent industry players such as General Electric, Columbia Sportswear, Nike, Toray Industries, and Mitsui and Co., are engaging themselves in strategic developments to gain a competitive edge across the global market.
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Global Market Insights Inc. headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Name: Arun Hegde
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Organization: Global Market Insights Inc.
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