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The global neoprene fabric market is anticipated to expand at a promising rate from 2021 to 2031. The resistance of neoprene to natural gas, hydrogen gas, silicone oils, ammonium salts, greases, mineral oils, and different chemicals is a crucial element projected to drive the need for neoprene-based products. Furthermore, the fabric's fire resistance, high thermal insulation, and lightweight nature have boosted its use in the manufacture of wetsuits/swimsuits. Moreover, improved flexibility and good surface friction are two of the key benefits of using neoprene in creating a wide range of apparel.
The numerous and distinctive benefits of neoprene fabric, such as thermal resistance and chemical resistance, better comfort, high stretchability, and quick-drying, are expected to boost the worldwide neoprene fabric market. Furthermore, increasing awareness regarding health and wellness among users and growth in sports and fitness activities is projected to spur demand for neoprene fabric-based sportswear.
Key players active in the global neoprene fabric market are Colmant Coated Fabrics, Rivertex Technical Fabrics Group, Fabric House S.R.L., Lomo UK, Techneopro Ltd., Sheico Group, Xcel Hawaii, Inc. (Boardriders, Inc.), Brunotti Europe BV, Rip Curl Group Pty Ltd., and Johnson Outdoors Inc. Other notable players in the market are Sky Industries Limited, Active Foam Products, Inc., Eastex Products, Inc., and Auburn Manufacturing, Inc.
Key players are pursuing a variety of tactics, including new product introductions and developments, global expansions, alliances, and acquisitions.
The extensive and unique benefits of neoprene fabric, such as high stretchability, quick-drying, thermal and chemical resistance, and better comfort, are estimated to drive the worldwide neoprene fabric market. Furthermore, growing consumer participation in sports activities increases the sales of overall performance wear, such as neoprene fabric outfits, which is projected to benefit the neoprene fabric market growth. For example, a rise in customer participation in jogging for fitness is resulting in an increase in sales of athletic shoes and running shorts and t-shirts. Moreover, shoppers' holistic approach to athleisure clothing is likely to help the overall market growth. In addition, a surge in fitness and sports awareness among the younger generation and an increase in disposable income are important aspects anticipated to support the neoprene fabric market expansion.
Furthermore, activities by various organizations, such as an increase in the number of fitness wear-related campaigns and programs, are expected to broaden the consumer base. Moreover, the growth of green textile and its usage in creating different performance outfits is likely to attract green consumers, providing promising potential for neoprene fabric market growth.
The neoprene fabric market in North America and Europe is expected to experience considerable growth due to the rising usage of neoprene fabric in the manufacturing of different garments such as sports, wet suits, swimwear, etc. Moreover, increased use of athlete wear by professional athletes is expected to drive the neoprene fabric market in these regions. Furthermore, the fusion of sportswear and leisurewear has resulted in the development of athleisure, which is commonly worn as casual wear and sportswear in North America and Europe.
The neoprene fabric market is expected to grow in the Asia Pacific due to changing lifestyles and the increased spending power and propensity toward sports games among consumers. Furthermore, the rise in government measures to promote travel and tourism drives consumer demand for garments such as wet suits and swim gear. Countries such as India, Australia, the Philippines, and Thailand are examples of rising coastal destinations that are witnessing an increase in the number of western tourists, which is expected to propel the neoprene fabric market growth.
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Neoprene Fabric Market
