The latest report by IMARC Group, titled “Neoprene Fabric Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. offers a comprehensive analysis of the industry, which comprises insights on the global neoprene fabric market trends. The global market size reached US$ 2.68 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.52 Billion by 2028, exhibiting a growth rate (CAGR) of 4.40% during 2023-2028.
Neoprene fabric, a synthetic rubber produced through chloroprene polymerization, is a versatile material widely used in various applications. It finds extensive utilization in gloves, electronic cases, lunch bags, wetsuits, elbow pads, mouse pads, scuba gear, footwear, and more. The fashion and apparel industries also incorporate neoprene fabric due to its sleek, stretchy, and form-fitting qualities. With a low oxidation rate, neoprene fabric ensures longevity and durability despite exposure to ozone compounds and weathering. It is known for its flexibility, resilience, and resistance to oils, chemicals, water, sunlight, and temperature changes.
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Neoprene Fabric Market Trends and Drivers:
The neoprene fabric market is driven by the increasing popularity of outdoor activities like kayaking, surfing, and swimming. Government campaigns promoting fitness wear also contribute to market growth. The demand for neoprene fabrics in medical equipment, sports and outdoor gear, and automotive components is rising due to their water resistance, durability, and weathering properties. Manufacturers are incorporating recycled materials to reduce waste generation. Neoprene fabrics are customizable in terms of texture, color, and thickness, catering to specific consumer needs. The market is further stimulated by the growing adoption of premium sportswear.
Report Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Polychloroprene Rubber
- Circular Knit
End Use Insights:
- Outerwear
- Ready-To-Wear
- Swimwear, Wetsuit and Rash Guard
- Footwear
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Active Foam Products Inc.
- Auburn Manufacturing, Inc.
- Brunotti Europe B.V.
- Colmant Coated Fabrics
- Eastex Products, Inc.
- Fabric House S.r.l.
- Johnson Outdoors Inc.
- Lomo Watersport UK
- Rip Curl International Pty Ltd. (KMD Brands)
- Rivertex Technical Fabrics Group
- Sheico Group
- Sky Industries Limited
- XCEL Hawaii, Inc.
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