TMCnet News
The wearable materials market is projected to register a CAGR of 15.0%, in terms of value, between 2018 and 2023NEW YORK, Jan. 21, 2019 /PRNewswire/ -- The wearable materials market is projected to register a CAGR of 15.0%, in terms of value, between 2018 and 2023. Read the full report: https://www.reportlinker.com/p05724835 Factors such as increasing 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. APAC is projected to be the largest wearable material market during the forecast period. The APAC wearable material market is projected to register the highest CAGR during the forecast period.This high growth is owed to the growing middle-class population, rapid urbanization, and increasing purchasing power of consumers. The growing consumer goods sector in this region also fuel the demand for wearable materials. This study was validated through primary interviews with various industry experts. A breakup of the primary interviewees is given below: • By Company Type – Tier 1: 46%, Tier 2: 36%, and Tier 3: 18% • By Designation - C Level: 17%, Director Level: 27%, and Others: 55% • By Region – North America: 37%, Europe: 27%, APAC: 18%, South America: 9% and Middle East & Africa: 9% Companies Profiled in the Report: Key players profiled in this report include BASF (Germany), DowDuPont (US), Wacker Chemie (Germany), DSM (Netherlands), Arkema (France), Eastman Corporation (US), Shin-Etsu (Japan), Elkem (Norway), Momentive performance materials (US), and Lubrizol (US). Research Coverage: The report offers insights on wearable materials used in various applications across different regions.It estimates the size of the wearable materials market and projects future growth of the market across different segments. The report also includes an in-depth competitive analysis of the key players in the wearable materials market, which include company profiles, SWOT analysis, recent developments, and key market strategies. Key Benefits of Buying the Report: The report will help market leaders/new entrants in the wearable materials market by providing them the closest approximations of the revenues of the overall market and its various subsegments.This report will help stakeholders obtain a better understanding of the competitive landscape and gain insights to enhance their businesses and devise suitable market strategies. The report will also help stakeholders understand the pulse of the market and help acquire information on key market drivers, restraints, challenges, and opportunities affecting the growth of the wearable materials market. Read the full report: https://www.reportlinker.com/p05724835 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-wearable-materials-market-is-projected-to-register-a-cagr-of-15-0-in-terms-of-value-between-2018-and-2023--300781564.html SOURCE Reportlinker |