Specialty Breathable Membranes Market Share, Size, Trends, Industry Analysis Report, By Type (Polyurethane, PTFE, Thermoplastic Polyester, Thermoplastic Elastomers, Polyether Block Amide, Copolyamide), By Application; By Region; Segment Forecast, 2022 - 2030
- Published Date:May-2022
- Pages: 120
- Format: PDF
- Report ID: PM2404
- Base Year: 2021
- Historical Data: 2018 - 2020
Report Outlook
The global specialty breathable membranes market was valued at USD 846.45 million in 2021 and is expected to grow at a CAGR of 6.3% during the forecast period. The increasing demand for breathable membranes across various end-user industries such as healthcare, pharmaceutical, building materials, and food packaging is propelling the specialty breathable membranes industry growth in the impending period.
Know more about this report: Request for sample pages
The specialty breathable membrane can transmit moisture through it; hence it is used where water can damage. In addition, the rising requirement for a breathable membrane in baby diapers and sanitary pads, rising disposable income, and the growing women population are also providing lucrative growth to the market. Furthermore, the increasing investment in the research & development of the healthcare industry and hygiene products is also anticipated to catalyze the specialty breathable membrane industry growth over the forecast years.
The outbreak of the COVID-19 has shown a significant impact on the various sector of the economy. The industry has also experienced procrastination in the supply chain, disruption of manufacturing operations, and suspension of trade. However, during the pandemic, the rising demand for masks, gowns, and other hygiene products proved to be a supportive factor for the specialty breathable membranes market.
Additionally, due to lockdown and social distancing, people and hospitals stock hygiene products, boosting the specialty breathable membranes industry. Whereas government imposing fine on not wearing masks across the globe is one of the significant factors surging the market growth. Additionally, the gradual opening of the lockdowns also presents various growth prospects for the specialty breathable membranes industry growth over the forecast period.
Industry Dynamics
Growth Drivers
The surging demand for hygiene products worldwide is one of the significant factors driving the specialty breathable membranes market growth in the projected years. The specialty breathable membrane has major applications across moisture absorbing products due to safety measures. It includes food packaging, pharmaceutical, etc. Thus, the rising demand and investment in the food & beverage industry are expected to people the specialty membranes demand.
Further, the increasing government and private investment in the healthcare sector act as a supporting factor for the market. For instance, in March 2021, the government of the United States contributed a fund of around USD 1,844 billion, i.e., about 8.8% of the total GDP towards public health.
Moreover, according to the Centers for Medicare and Medicaid Service, in the United States, national healthcare expenditure was increased by 9.7% to USD 4.1 trillion in 2020, or USD 12,530 per person, and has witnessed a growth of 19.7% in Gross Domestic Product (GDP). Also, this national health spending is anticipated to increase at an average annual rate of 5.4 percent for 2019-28 and reach $6.2 trillion by 2028.
Accordingly, the rising capabilities of healthcare spending and an increasing number of government initiatives for the growth of the healthcare sector are supporting the specialty breathable membranes market growth. Moreover, market demand is anticipated to grow beneficially with the rapidly rising population globally, which additionally surge the penetration of masks, gowns, textiles, and other consumable goods.
Know more about this report: Request for sample pages
Report Segmentation
The market is primarily segmented on the basis of type, application, and region.
By Type |
By Application |
By Region |
|
|
|
Know more about this report: request for sample pages
Insight by Application
The healthcare/medical segment is considered the leading segment with the largest revenue share. The rising public awareness of hygiene and health safety is the major driving factor pushing the segment growth. On the other hand, the increasing infant and women population worldwide is another major factor enhancing the development.
For instance, according to the World Bank 2019, it is found that women share around 49.6% of the total globe’s population. China is the dominating region, followed by India. As the women are essentially using the sanitary pads monthly, thus with the growing women population, the segment is also witnessing a high growth rate around the world.
The textile segment is projected to exhibit a progressive growth rate in the forecasting years. The demand for textile segments is rising with the rising disposable income coupled with changing lifestyles. Additionally, the millennial population is more inclined toward the gym, sports, and varieties of footwear which fosters the market demand.
Geographic Overview
Geographically, Asia Pacific is projected to account for the largest revenue share in the global specialty breathable membranes market. The rising demand for food and beverages industries, adoption of ready-to-eat food, and increasing working population are the major factors accelerating the specialty membranes industry growth in the foreseen years. In the Asia Pacific, the most populous countries of the world are present, creating huge market adoption across the region, including China, India, Japan, Indonesia, etc. These factors are propelling the market demand across the Asia Pacific region.
Moreover, North America is expected to register a lucrative growth rate over the study period, owing to the increasing disposable income, high living standard, and presence of developed countries coupled with hygiene-conscious populations. The rising public investment and inclination towards textiles such as sportswear, footwear, and hygiene products are expected to propel specialty breathable membranes industry growth over the forecast period.
Competitive Insight
Some of the major players operating in the global specialty breathable membranes market include Arkema S.A., Berry Global Group, Covestro AG, Daika Kogyo, Dingzing Advanced Materials Inc., Event Fabrics, Fait Plast S.P.A., Nitto Denko, Pil Membranes Ltd, Rahil Foam Pvt. Ltd., R.K.W. Group, Schweitzer-Mauduit International, Inc., Sympatex Technologies GmbH, and Toray Industries.
Specialty Breathable Membranes Market Report Scope
Report Attributes |
Details |
Market size value in 2021 |
USD 846.45 Million |
Revenue forecast in 2030 |
USD 1,428.91 Million |
CAGR |
6.3% from 2022 - 2030 |
Base year |
2021 |
Historical data |
2018 - 2020 |
Forecast period |
2022 - 2030 |
Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2030 |
Segments covered |
By Type, By Application, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Key Companies |
Arkema S.A., Berry Global Group, Covestro AG, Daika Kogyo, Dingzing Advanced Materials Inc., Event Fabrics, Fait Plast S.P.A, Nitto Denko, Pil Membranes Ltd, Rahil Foam Pvt. Ltd., RKW Group, Schweitzer-Mauduit International, Inc., Sympatex Technologies GmbH, and Toray Industries. |