Specialty Breathable Membranes Market worth USD 1,145 million by 2026 – At a CAGR of 6.2%

According to a market research report, the “Specialty Breathable Membranes Market by Type (Polyurethane, PTFE, Thermoplastic Polyester, Thermoplastic Elastomers, Polyesther Block Amide, Copolyamide), Application (Healthcare/Medical, Textile), and Region – Global Forecast to 2026” The breathable membrane market size is estimated to be USD 849 Million in 2021 and is projected to reach USD 1,145 Million by 2026, at a CAGR of 6.2%.Factors such as increasing penetration of hygiene, and healthy growth of healthcare, and medical industry across the globe support for the market growth. Moreover, the significant growth of the textile, and building & construction industry in developing countries are driving the breathable membranes market.

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282 Market data Tables

46 Figures

274 Pages and in-depth TOC on “Specialty Breathable Membranes Market – Global Forecast to 2026”

This report also provides a comprehensive analysis of the companies listed below:

The demand for breathable membranes is mainly catered to by global players manufacturing these membranes for various end-use industries. Some of the leading companies involved in the manufacturing of breathable membrane Mitsui Chemicals (Japan), Toray Industries (Japan), Berry Global Group (US), RKW Group (Germany), and Covestro (France) cater to the demand for breathable membranes globally.

Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Specialty Breathable Membranes Market.

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Most European and North American countries, especially Italy, Spain, the UK, France, the US, and Germany, are severely impacted by the COVID-19 pandemic. The suspension of manufacturing operations in several industrial sectors has resulted in a slump in overall specialty breathable membranes market. Moreover, owing to the COVID-19 pandemic, the demand from the manufacturing sector had slumped sharply in the H-1 2020. This impact was further intensified by increasing the supply-demand gap in the supply chain and led to a sharp spike in raw material prices. However, during the pandemic period, the growing demand from the oil and gas supports to offset the marginal decline in demand caused due to the slowdown in the manufacturing sector across the globe.

Arkema manufactures specialty chemicals and advanced materials. The company has 144 production plants across Europe, North America, and Asia. It offers its breathable membranes product through the industrial chemicals segment. The company caters for the need of various end-user industries through its products included construction, sports, medical, industrial strength, and others. The company has 15 R&D centers, of which seven are in France; four in the US; two in China; one in Japan, and one in South Korea. It also sells its products directly to manufacturing companies and retail customers. Such strong manufacturing and distribution capabilities show its extensive scope and provide it with a substantial competitive advantage.

Covestro strategizes to build on the foundation and grow in line with the relevant market segments. Recently, the company has made high investments in R&D and production facilities and now plans to focus on improving its organic growth strategies. It plans to adopt a new, different organizational model and undertake advantageous acquisitions soon. Also, the company’s strategy to reduce operational costs and complexity in its organizational model is advantageous to its market position. The cutting down of management layers has helped the company to reduce costs.

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