The global neoprene fabric market size reached US$ 2.8 Billion in 2023. Looking forward, the market is projected to reach US$ 3.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.75% during 2023-2032. The increasing demand for durable and water-resistant fabrics, extensive research and development (R&D) activities, and rising expenditure capacities of consumers represent some of the key factors driving the market.
Neoprene fabric is a type of synthetic rubber that is produced by the polymerization of chloroprene. It is a versatile material commonly used in a variety of applications, including wetsuits, elbow pads, gloves, electronic cases, lunch bags, mouse pads, scuba gear, and footwear. It is also used in the fashion and apparel industries due to its sleek, stretchy, and form-fitting qualities.
Neoprene fabric exhibits various characteristics such as low oxidation rate and ozone and weathering resistance, which help to extend the shelf life of neoprene-based products, despite exposure to ozone compounds and weathering stimulators. It is a durable and flexible material that also exhibits resistance to oils and chemicals, sunlight, water, and temperature changes.
Apart from this, the introduction of breathable neoprene fabrics that allow air to circulate, making them more comfortable to wear, is providing a thrust to the market growth. Additionally, the widespread [product utilization in making waterproof jackets, shoes, and bags is propelling the market growth. Furthermore, manufacturers are now producing neoprene fabric using recycled materials that help to reduce the amount of waste generated during the production process, which is positively influencing the market growth.
Besides this, manufacturers are customizing neoprene fabric in terms of color, texture, and thickness of the material to suit a particular application and specific needs of the consumer, which in turn is providing an impetus to the market growth. Other factors, including growing promotional activities, increasing fitness wear-related campaigns and programs, rising expenditure capacities of consumers, enhanced research and development (R&D) activities, and increasing demand for premium sportswear, are supporting the market growth.
2. What is the expected growth rate of the global neoprene fabric market during 2024-2032?
3. What are the key factors driving the global neoprene fabric market?
4. What has been the impact of COVID-19 on the global neoprene fabric market?
5. What is the breakup of the global neoprene fabric market based on the type?
6. What is the breakup of the global neoprene fabric market based on the end use?
7. What are the key regions in the global neoprene fabric market?
8. Who are the key players/companies in the global neoprene fabric market?
Neoprene fabric is a type of synthetic rubber that is produced by the polymerization of chloroprene. It is a versatile material commonly used in a variety of applications, including wetsuits, elbow pads, gloves, electronic cases, lunch bags, mouse pads, scuba gear, and footwear. It is also used in the fashion and apparel industries due to its sleek, stretchy, and form-fitting qualities.
Neoprene fabric exhibits various characteristics such as low oxidation rate and ozone and weathering resistance, which help to extend the shelf life of neoprene-based products, despite exposure to ozone compounds and weathering stimulators. It is a durable and flexible material that also exhibits resistance to oils and chemicals, sunlight, water, and temperature changes.
Neoprene Fabric Market Trends
The increasing demand for durable and water-resistant fabrics across the globe is one of the key factors driving the market growth. Neoprene fabrics are widely used in manufacturing sports and outdoor gear, medical equipment, and automotive components owing to their durability and excellent resistance to water abrasion and weathering. In line with this, the growing popularity of outdoor activities like surfing, kayaking, and swimming is acting as another growth-inducing factor. Moreover, the widespread product adoption in wet suits as it provides thermal insulation to the diver while promoting hydrodynamics and prevents chafing and skin irritation during extreme physical activities, which in turn is favoring the market growth.Apart from this, the introduction of breathable neoprene fabrics that allow air to circulate, making them more comfortable to wear, is providing a thrust to the market growth. Additionally, the widespread [product utilization in making waterproof jackets, shoes, and bags is propelling the market growth. Furthermore, manufacturers are now producing neoprene fabric using recycled materials that help to reduce the amount of waste generated during the production process, which is positively influencing the market growth.
Besides this, manufacturers are customizing neoprene fabric in terms of color, texture, and thickness of the material to suit a particular application and specific needs of the consumer, which in turn is providing an impetus to the market growth. Other factors, including growing promotional activities, increasing fitness wear-related campaigns and programs, rising expenditure capacities of consumers, enhanced research and development (R&D) activities, and increasing demand for premium sportswear, are supporting the market growth.
Key Market Segmentation
This report provides an analysis of the key trends in each segment of the global neoprene fabric market, along with forecasts at the global, regional, and country levels from 2024-2032. The report has categorized the market based on type and end use.Type Insights:
- Polychloroprene Rubber
- Circular Knit
End Use Insights:
- Outerwear
- Ready-To-Wear
- Swim Wear, Wet Suit and Rash Guard
- Footwear
- Others
Regional Insights:
- 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
The report has also provided a comprehensive analysis of the competitive landscape in the global neoprene fabric market. Detailed profiles of all major companies have also been provided. Some of the companies covered include 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., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. How big is the global neoprene fabric market?2. What is the expected growth rate of the global neoprene fabric market during 2024-2032?
3. What are the key factors driving the global neoprene fabric market?
4. What has been the impact of COVID-19 on the global neoprene fabric market?
5. What is the breakup of the global neoprene fabric market based on the type?
6. What is the breakup of the global neoprene fabric market based on the end use?
7. What are the key regions in the global neoprene fabric market?
8. Who are the key players/companies in the global neoprene fabric market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Neoprene Fabric Market
6 Market Breakup by Type
7 Market Breakup by End Use
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 2.8 Billion |
| Forecasted Market Value ( USD | $ 3.9 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
