The global specialty breathable membranes market size is expected to reach USD 1,428.91 million by 2030, according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing adoption of hygiene products, thriving growth of the healthcare & medical industry, and rising focus on healthcare spending are attributed to the market growth across the globe. Additionally, the rising demand for textile and the increasing investment in the building & construction industry in emerging nations are also acting as catalyzing factors for the market.
Moreover, increasing use of sportswear and footwear applications and rising investments in R&D activities, the growth of the emerging economies is further augmenting the specialty breathable membranes industry growth in the forecasting years.
Based on the application, the healthcare/medical segment is dominating the global market and is anticipated to lead the market over the forecasting period owing to the growing public awareness of hygiene & health safety and the rising use of hygiene products. Moreover, the surging production of surgical drapes, facemasks, surgical gowns, PPE kits, and other products also leads the segment demand globally.
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In contrast, the textile segment also exhibits significant growth in the global market. The changing lifestyle of the population, increasing disposable income, and rising inclination of the millennial population towards the gym, sports, and varieties of footwear are bolstering the segment growth over the forecast period.
The untapped markets in developing countries are among the chief driving factors that may augment specialty breathable membrane industry growth in the forecast period. The development of emerging nations such as India, China, Australia, Brazil, and Indonesia is witnessing positive market growth.
In emerging countries, the working population rate increases that show changing customer preferences and lifestyles, coupled with growing awareness regarding the availability of health & hygiene products, are accelerating the market growth. Moreover, the growing female population and the rising birth rate are further propelling the demand for sanitary pads and baby diapers, respectively, propelling the market demand over the projected period.
Market participants such as Berry Global Group, Arkema S.A., Sympatex Technologies GmbH, Daika Kogyo, Pil Membranes Ltd, Dingzing Advanced Materials Inc., Covestro AG, Fait Plast S.P.A, Event Fabrics, Nitto Denko, RKW Group, Rahil Foam Pvt. Ltd., Schweitzer-Mauduit International, Inc., and Toray Industries are some of the key players operating in the global specialty breathable membranes industry. For instance, in April 2021, Scapa Group was acquired by the Schweitzer-Mauduit. This acquisition offers a wide range of in-class integrated product solutions to customers worldwide.
Polaris market research has segmented the specialty breathable membranes market report on the basis of type, application, and region:
Specialty Breathable Membranes, Type Outlook (Revenue - USD Million, 2018 - 2030)
Specialty Breathable Membranes, Application Outlook (Revenue - USD Million, 2018 - 2030)
Specialty Breathable Membranes, Regional Outlook (Revenue - USD Million, 2018 - 2030)