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The latest report by IMARC Group, titled “Neoprene Fabric Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. offers a comprehensive analysis of the industry, which comprises insights on the global neoprene fabric market report. The global market size reached US$ 2.68 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.52 Billion by 2028, exhibiting a growth rate (CAGR) of 4.40% during 2023-2028.
Neoprene fabric, a synthetic rubber produced through chloroprene polymerization, is a versatile material widely used in various applications. It finds extensive utilization in gloves, electronic cases, lunch bags, wetsuits, elbow pads, mouse pads, scuba gear, footwear, and more. The fashion and apparel industries also incorporate neoprene fabric due to its sleek, stretchy, and form-fitting qualities. With a low oxidation rate, neoprene fabric ensures longevity and durability despite exposure to ozone compounds and weathering. It is known for its flexibility, resilience, and resistance to oils, chemicals, water, sunlight, and temperature changes.
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Neoprene Fabric Market Trends and Drivers:
The neoprene fabric market is driven by the increasing popularity of outdoor activities like kayaking, surfing, and swimming. Government campaigns promoting fitness wear also contribute to market growth. The demand for neoprene fabrics in medical equipment, sports and outdoor gear, and automotive components is rising due to their water resistance, durability, and weathering properties. Manufacturers are incorporating recycled materials to reduce waste generation. Neoprene fabrics are customizable in terms of texture, color, and thickness, catering to specific consumer needs. The market is further stimulated by the growing adoption of premium sportswear.
Report Segmentation:
The report has segmented the market into the following categories:
Type Insights:
Polychloroprene Rubber
Circular Knit
End Use Insights:
Outerwear
Ready-To-Wear
Swimwear, Wetsuit and Rash Guard
Footwear
Others
Market Breakup by Region:
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 with Key Player:
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.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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