Ongoing Industrilization Across Emerging Economies Is Driving The Textile Coating Market Growth
Global Textile Coating Market: Key Highlights
- According to the new market research report “Textile Coating Market by Resin (Polyurethane, Acrylic, Polyvinyl Chloride (PVC), Polyvinylidene Chloride (PVDC), Silicone, Rubber, Flourochloro and Others), by Technology (Direct Coating, Transfer Coating, Spray Coating, Extrusion Coating and Foamed Coating), by End-User Industry (Healthcare, Clothing, Transportation, Construction and Others),by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2027)”, the global textile coating market is estimated to reach USD 8.09 Billion by 2027 at a CAGR of around 3.0% within the study period.
- The market is growing on the grounds of rising demand for the technical textiles worldwide. Increasing adoption of technical textile across automotive, manufacturing, agriculture, and construction is driving the market growth
- Ongoing industrialization with booming manufacturing sector in developed and emerging nations is fueling the demand for personal protective clothing. Increasing use of textile coating to impart superior properties in protective clothing is expected to push the market growth higher
- Adverse impact of textile coating chemicals over the health and environment is projected to hinder the market growth.
Global Textile Coating Market: Key Market Dynamics
- Higher demand for textile coating across automotive, manufacturing, agriculture, construction is driving the market growth
- Growing manufacturing sector owing to rapid industrialization in the emerging economies is fueling the market growth
- Adverse impact of textile coating chemicals over the health and environment is the prominent factor hampering the market growth
- Emergence of bio based textile coating material along with technological advancement in textile technology
Global Textile Coating Market: Regional Overview
- Asia-Pacific
Asia-Pacific textile coating market is emerged as the promising region and is expected to continue the trend in the years to follow. The market is mainly attributed to rapid industrialization in the emerging nations such as India. Since last few years, the manufacturing industry in the Asia is growing and emerged as the largest manufacturing industry across the globe owing to ongoing urbanization and higher contributing in the global trade activities. Technological development in oil & gas, automotive, construction, and other industries, resulting to high demand for safe clothing and equipment, which is driving the market growth.
- North America
In North America, the market is expected to witness growth in the forecast owing to growing demand for the protective clothing from the manufacturing sector. Strict laws imposed by the Occupational Safety Health Administration (OSHA) to emphasize on the workers’ safety from the uncertain fire and explosions in the manufacturing facilities by using of protective apparels is expected to drive the demand for textile coating. Furthermore, increasing focus towards offering better medical access to the population is further fueling demand for the textile coating in North America.
Global Textile Coating Market: Key Players Overview
- Huntsman International LLC
With global headquarters in the US, Huntsmann International LLC provides a range of chemicals for the industrial applications. The company offers polyurethanes, performance products, advanced materials and textile effect products. The company offers different polymers under the trade name: DICRYLAN, ZEROSTAT, FORNAX, FLOVAN dedicated for technical textiles and other high-performance application.
- Covestro AG:
Covestro AG is the company offering high tech polymers across the industrial and agricultural, marine & ships, packaging, security and protection, sports and leisure and other application areas. The company offers polyurethane resins for textile coating to production of waterborne textile coating. In 2018, the company introduced new product range (Impraperm DL 5249 and Impraperm DL 5310) under the INSQIN, a textile coating for improving performance of the outdoor sports
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