Coated Fabrics Market Size, Share, Investment Opportunities, Top Regions, Growth & Forecast by 2024
The Global Coated Fabrics Market is expected to register a CAGR of 3.3%, reaching a value of around USD 32.2 billion by the end of 2027.
Coated fabrics are defined as the fabrics that have been coated, covered, or treated with various substances to make them stronger, durable, resistant to weathering elements, and aesthetics. Coatings substances include lacquer, varnish, rubber, plastics, resins, oil finishes, etc.
A range of the characteristics can be achieved through coated fabrics, including UV resistance, improved tensile strength, chemical and abrasion resistance, heat resistance, gas barrier, gas permeability, water repellency, etc. This depends on the type and degree of coating used.
COATED FABRICS MARKET: Drivers & RESTRAINTs
Market Driver:
Rapid Industrialization and Urbanization Across the Globe
Rapid industrialization in emerging economies, mainly the BRICS countries is a key driver of the global coated fabrics market. These are the growth-centric countries with huge potential for infrastructural development and thus fuel the global market growth. Fabrics are widely used in scaffolding nets, awnings and canopies, tarpaulins, architectural membranes, and roofing materials. Coated fabrics prevent the building from UV rays, corrosion, dirt, oil repellency, and radiation.
According to PWC, the global construction industry is projected to reach USD 15.5 trillion by the end of 2030. China, the US, and India are the leading countries and account for around 57% in the global market.
Polytetrafluoroethylene (PTFE) and Ethylene tetrafluoroethylene (ETFE) are the most preferable materials used in architecture. PTFE-coated fabrics are used as membranes for advanced architectural tension structures, which offer advantages such as chemical stability, mechanical properties, and durability over conventional low cost coated fabrics. PTFE has a life span of over 25 years and is manufactured in line with standards such as ASTM E-108 and E-84.
Simultaneously, ETFE is yet another construction material gaining popularity as it is strong, thin and lightweight and exhibits stretch-ability and elasticity. It is expected to last as long as 50 years.
Additionally, coated fabrics are used in geotextiles, further used in roadways, parking lots, loading areas and construction sites, horticulture, and many more.
Therefore, infrastructural development across the globe is projected to propel the market growth during the assessment period.
Get Sample Copy of This Report @ https://forencisresearch.com/coated-fabrics-market-sample-pdf/
Growing Demand for Coated Fabrics in the Transportation Industry
In automobiles, coated fabrics are extensively used in seat upholstery, airbags, seat belt, truck tarpaulin & covers, boat seating, boat topping, rafts, and kayaks. Rising demand for comfort, concern for safety while driving and an increasing focus towards reducing fuel consumption and CO2 emissions have resulted in high use of coated textiles in automobiles. The airbag and seat belts used as safety measures are one of the latest types of textiles in automobiles.
Approximately 50 square yards of textile material is used in an average car for interior trim, i.e., seating areas headliners, side panels, carpets and trunk, lining, tires, filters, belts hoses, airbags, and others.
The demand is supported by the high production and sales of automobiles across the globe. Total automotive production stood at 95.6 million in 2018.
Thus, the growth of the transportation industry is projected to drive the demand for coated fabrics.
Market Restraint:
Availability of Substitutes and Fluctuating Prices of Petroleum Products
Availability of substitutes such as uncoated fabric, glass, plastics, multilayer, enhanced membranes, and leather, among others is expected to hamper the market growth during the review period. These substitutes exhibit similar characteristics and performance and can be used instead of coated fabrics.
Polymers such as PTFE, ETFE, polyester polyolefin, vinyl, etc. are used for the coating of fabrics. These are petroleum-based products, the prices of which, environmental constraints, as well as supply-demand gap, have a negative influence on the market growth.
Therefore, aforementioned factors are expected to restrain the market growth during the forecast period.
Request Report Methodology On Competition On Global Coated Fabrics Market Here @ https://forencisresearch.com/coated-fabrics-market-request-methodology/
Market Opportunity:
Use of Nanomaterials in The Coating of Fabrics
Use of nanotechnology to achieve desirable clothing characteristics such as self-cleaning fabrics, water-repelling textiles, and clothing that can reduce odors by chemically changing the compounds that cause bad odor, among others, is an excellent opportunity for the players in this market. Nanomaterials such as titanium dioxide, silicon dioxide, and zinc oxide, etc. can be added to the textiles either during the fiber production or during the finishing.
Adding nanomaterials to the textiles result in enhanced functionalities such as antimicrobial, flame retardant properties, photocatalytic, dirt-repellent, others.
Hence, incorporation of nanoparticles in textiles, offering a wide range of advantages, is a lucrative opportunity for the players in this market.
Coated Fabrics market: Key segments
- Segmentation based on product: Polymer-Coated Fabrics, Rubber-Coated, and Fabric-backed Wall Coverings.
- Segmentation based on coating method: Direct Coating, Foam & Crushed Foam Coating, Hot Melt Extrusion Coating, Transfer Coating, Calendar Coating, and Others.
- Segmentation based on end-use industry: Architecture & Construction, Automotive, Aerospace, Agriculture, Medical, Sports & Leisure, Packaging, and Others.
- Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
List of the leading companies operating in the Coated Fabrics Market include:
- Saint-Gobain (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Trelleborg Group
- OMNOVA Solutions Inc.
- Sioen Industries NV
- Continental AG
- Low & Bonar
- Spradling International, Inc.
- OMNOVA Solutions Inc.
- Cooley Group Holdings, Inc
- The Haartz Corporation
- Heytex Gruppe
- ENDUTEX COATED TECHNICAL TEXTILES
- Morbern
- Dickson Constant
- Seaman Corporation
- Graniteville
- Arville
- Mid-Mountain Materials, Inc.
Coated Fabrics MARKET: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Coated Fabrics Market, by Product
Polymer-Coated Fabrics
- PVC Coated
- PTFE Coated
- THV Coated
- Silicone Coated
- PU Coated
- PE Coated
- Vinyl Coated
- Others
Rubber-Coated
Fabric-backed Wall Coverings
Coated Fabrics Market, by Coating Method
- Direct Coating
- Foam & Crushed Foam Coating
- Hot Melt Extrusion Coating
- Transfer Coating
- Calender Coating
- Others
Coated Fabrics Market, by End-use Industries
- Architecture & Construction
- Automotive
- Aerospace
- Agriculture
- Medical
- Sports & Leisure
- Packaging
- Others
Consult with an Analyst @ https://forencisresearch.com/coated-fabrics-market-consult-with-an-analyst/
Coated Fabrics Market by Region
- Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
- Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
- South America (Brazil, Argentina, Rest of South America)
Key Questions answered by the report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and on the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
Purchase this Premium Industry Research Report with Analysis @ https://forencisresearch.com/coated-fabrics-market-purchase-now/
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
Contact Us
FORENCIS RESEARCH
Phone: +1 (720) 306 9020
Email: info@forencisresearch.com
For more market research insights, please visit https://www.forencisresearch.com
