Global Specialty Breathable Membranes Market Size 2024, Forecast To 2033
6 Mar, 2024
The specialty breathable membranes market has witnessed robust growth, escalating from $1.27 billion in 2023 to $1.38 billion in 2024, achieving a compound annual growth rate (CAGR) of 8.8% during the historic period. This growth is attributed to a heightened focus on sustainable construction practices, the expansion of the medical textiles industry, an increase in demand for sportswear, the development of advanced filtration systems, and a surge in renovation and remodeling activities. Looking ahead to 2028, the market is poised for continued strong growth, projecting an estimated size of $1.95 billion with a CAGR of 9.0%. The anticipated growth is linked to the ongoing expansion of green building practices, advancements in smart textiles, the increasing market for outdoor apparel, the growing utilization in automotive interiors, and a strategic focus on healthcare and hygiene products. Major trends in the forecast period encompass integration into wearable technology, collaborative efforts for material research, moisture management in electronics, customization for specific end-use industries, and innovations in outdoor and recreational gear.
Global Specialty Breathable Membranes Market Key Driver
Specialty breathable membranes are anticipated to experience growth driven by the rising capabilities of healthcare spending. Healthcare spending encompasses the money spent on health care activities, including private and public health insurance, health research, and public health initiatives. Increasing healthcare expenditure and a growing awareness of healthcare encourage self-care management, where specialty breathable membranes find applications in products like baby diapers, sanitary napkins, surgical drapes, and surgical gowns. According to a March 2023 report by the American Medical Association (AMA), health spending in the US increased by 2.7% in 2021, reaching $4.3 trillion or $12,914 per capita. Similarly, in September 2023, the Centers for Medicare & Medicaid Services reported a 2.7% increase in national health spending to $4.3 trillion in 2021, representing 18.3% of GDP. These factors indicate that the rising capabilities of healthcare spending are driving the growth of the specialty breathable membranes market, with positive market size values expected in 2023, 2024, and 2028.
Get A Free Sample Of The Global Specialty Breathable Membranes Market ReportGlobal Specialty Breathable Membranes Market Segments
The specialty breathable membranes market covered in this report is segmented –
1) By Type: Polyurethane, Polytetrafluoroethylene (PTFE), Thermoplastic Polyester, Thermoplastic Elastomers, Polyether Block Amide, Copolyamide
2) By Distribution Channel: Online, Offline
3) By Application: Healthcare, Textile, Other Applications
By Geography:The regions covered in the specialty breathable membranes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Asia-Pacific was the largest region in the specialty breathable membranes market in 2023. The regions covered in the specialty breathable membranes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Specialty Breathable Membranes Industry Players
Covestro AG, RKW SE, Arkema SA, Schweitzer-Mauduit International Inc., Toray Industries Inc., Berry Global Group Inc., Daika Kogyo Co. Ltd., Dingzing Advanced Materials Inc., eVent Fabrics Inc., Nitto Denko Corporation, Pil Membranes Ltd., Rahil Foam Pvt. Ltd., Sympatex Technologies GmbH, Fosroc Inc., Polyfin AG, Cleanese Corporation, Saint-Gobain SA, E. I. du Pont de Nemours and Company, Faitplast S.P.A., Mitsui Chemicals Inc., Sioen Industries NV, DSM Engineering Plastics BV, Fatra AS, Trioplast Industrier AB, Clopay Plastic Products Company Inc., Fiberweb Ltd., GSE Environmental LLC, Johns Manville, GAF Materials Corporation, GCP Applied Technologies Inc., Freudenberg SE, Porex Corporation
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Specialty Breathable Membranes Market Overview
Specialty breathable membranes are lightweight and breathable membranes designed to protect fabrics against climate agents such as water and wind. They are waterproof and highly breathable, allowing moisture to pass through them. These membranes are used in various applications, including hygiene products such as baby diapers and medical and healthcare products.
Specialty Breathable Membranes Global Market Report 2023 provides data on the global specialty breathable membranes market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The specialty breathable membranes market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.