DUBLIN--(BUSINESS WIRE)--The "Nanotechnology Clothing Global Market Report 2020-30: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global nanotechnology clothing market.
This report focuses on nanotechnology clothing market which is experiencing strong growth. The report gives a guide to the nanotechnology clothing market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
The global nanotechnology clothing market is expected to decline from $7.42 billion in 2019 to $5.3 billion in 2020 at a compound annual growth rate (CAGR) of -28.56%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $10.5 billion in 2023 at CAGR of 25.56%.
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The nanotechnology clothing market consists of sales of clothes that use nanotechnology or nano fabrics. Nanoparticles are increasingly used along with fibers or as a coating on clothing to enhance the surface characteristics of clothes such as microbicidal, waterproof, antistatic or UV-protection, color durable, dirt-resistant, odor-resistant, stain-resistant, wrinkle-resistant, and better thermal performance. The nanotechnology applications include nanowhiskers, silver nanoparticles, nanopores and nanoparticles.
North America was the largest region in the nanotechnology clothing market in 2019. The launch of new products incorporating wearable technology is a key trend shaping the growth of the market. Major players operating in the nanotechnology clothing market are launching a new line of clothing with wearable technology in order to maintain their competitive position in the global market. For instance, in January 2019, Teijin Frontier, a textile company of the Teijin Group launched a new line of sportswear and other clothing incorporating wearable solutions.
The rising use of nanotechnology clothing in the medical industry, owing to its anti-microbial properties, is expected to drive the nanotechnology clothing market. Nanotechnology clothing offers the anti-microbial property to fight against microorganisms such as viruses, fungi, and bacteria. The companies functioning in the nanotechnology clothing market are introducing medical products to deal with microorganisms.
For instance, in March 2020, Anxin, a Zhuhai-based mask manufacturer came up with bacteria-killing reusable nano-silver masks to meet the increasing demand for face masks post-COVID-19 outbreak. The nano-silver particles continuously release irons that are capable of killing bacteria and viruses. Therefore, the growing usage of nanotechnology fibers or clothing in the healthcare industry is projected to boost the revenues for the nanotechnology clothing market over the forthcoming years.
Key Topics Covered:
1. Executive Summary
2. Nanotechnology Clothing Market Characteristics
3. Nanotechnology Clothing Market Size And Growth
3.1. Global Nanotechnology Clothing Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Nanotechnology Clothing Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Nanotechnology Clothing Market Segmentation
4.1. Global Nanotechnology Clothing Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.2. Global Nanotechnology Clothing Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Nanotechnology Clothing Market Regional And Country Analysis
5.1. Global Nanotechnology Clothing Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Nanotechnology Clothing Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Nano Textile
- Shanghai Huzheng Nano Technology
- eSpin Technologies
- Parker Hannifin
- Schoeller Technologies
- Odegon Technologies
- Aspen Aerogel
- Oxford Nanopore Technologies
- Liquidia Technologies
- DigiLens Inc.
- Lyncean Technologies
- NuMat Technologies
- Nanotech Industrial Solutions
- Schoeller Technologies
- Odegon Technologies
- Global Photonic
For more information about this report visit https://www.researchandmarkets.com/r/xu0nmf