Waterproof breathable textiles (WBT) market size is anticipated to grow at a rate of 5.4% over 2015-2022, owing to its rising applications in sportswear coupled with growing consumer awareness about environment-friendly products. Rising demand for recycled polyethylene terephthalate (PET) bottles in fabric production is anticipated to propel global WBT industry trends over the coming years. Growing popularity of waterproof breathable textiles across defense and medical sectors is projected to create lucrative avenues for the industry growth in the near future. Advancement in fiber technologies, which help in production of stain-resistant, antimicrobial, water-resistant, and moisture-resistant textiles is expected to boost waterproof breathable textiles industry size over the next few years. Europe waterproof breathable textiles market price worth USD 450 million in 2014, is projected to grow at a CAGR of 4.7% over the timeframe. The growth can be credited to rising awareness about health & fitness among the population. In addition to this, increase in number of sports activities such as hiking, is expected to contribute noticeably towards the regional growth.
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Active sportswear segment is expected to contribute substantially towards global waterproof breathable textiles market share over the next few years. WBT industry size in the active sportswear segment worth USD 1200 million in 2014, is expected to register a CAGR of 5.3% over the timeframe. The high growth can be attributed to its breathable property, ensuring ventilation to skin during perspiration. It also finds applications in other sectors such as water sports, mountaineering, rock climbing, snow sports, and outdoor lifestyles. WBT market revenue in other sectors is expected to reach USD 300 million by 2022.
Major waterproof breathable textile products include garments, footwear, and gloves products. Garments market worth USD 875 million in 2014, is forecast to record a CAGR of 5.1% over 2015-2022. The growth can be attributed to its increasing application in mountain sports and trekking activities. Footwear market size is expected to grow at a rate of 6% over the coming six years. The growth can be attributed to its lightweight, insulating, and high-strength properties.
Based on the types, waterproof breathable textiles (WBT) market is segmented into membrane, coated, and densely woven waterproof breathable textiles. Membrane waterproof breathable textiles (WBT) industry, which contributed nearly 71% of the overall demand, is expected to record highest gains of 5.5% over 2015-2022. The growth can be attributed to its high water resisting property along with its ability to help in water evaporation. Densely woven waterproof breathable textiles (WBT) market is expected to record a CAGR of 5% over the coming six years, driven by its rampant use in medical, defense, and work wear sectors.
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Market players will try to increase their product portfolio by adopting key business strategies such as mergers & acquisitions and product differentiation. Key industry players include W L Gore & Associates, SympaTex, and Polartec.
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