Global coated fabrics market expected to reach USD 30.35 billion by the end of2024, growing at a CAGR of 4.1% between 2018 and 2024. The global coated fabrics market is expected to witness a significant growth rate in the next few years, which, to some extent, can be attributed to the rising demand for protective clothing in the military, oil and gas, and automotive industries.
The report covers a forecast and an analysis of the coated fabrics market on a global and regional level. The study provides historical information from 2015 to 2017with a forecast from 2018 to 2024based on both volume (Million Square Meters) and revenue (USD Billion). The complete study covers the key drivers and restraints for the coated fabrics market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the coated fabrics market on a global level.
In order to offer the users of this report a comprehensive read of the coated fabrics market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the coated fabrics market has additionally been enclosed within the study. The study includes a market attractiveness analysis, where all the segments are benchmarked supported their market size, rate, and general attractiveness.
The study also includes the market share of the key participant’s operating in the coated fabrics market across the globe. Besides, the report covers the strategic development together with acquisitions and mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of the key players within the market on a regional basis.
The study provides a crucial view of the coated fabrics market by segmenting the market based on product, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. Based on the product, the global coated fabrics included in this study are polymer, rubber, and fabric-backed wall coverings. Based on application, the global coated fabrics market in this study includes transportation, protective clothing, industrial, awnings, roofing and canopies, and furniture and seating. Additionally, the regional classification includes the key regions—Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. These regions are further segmented into major countries, such as the U.S., UK, Germany, France, Canada, Saudi Arabia, and Brazil, among others.
The study provides exhaustive company profiles of the worldwide market along with an in-depth description of the end-players. Some of the key manufacturers included in the study are Omnova Solutions, Takata Corporation, Saint-Gobain, Canadian General Tower, Bo-Tex Sales Co., Mauritzon Inc., ContiTech AG, Isotex S.p.A., and Graniteville Specialty Fabrics, among others.
The report segments the global coated fabrics market as follows:
Global Coated Fabrics Market: Product Analysis
Global Coated Fabrics Market: Application Analysis
Global Coated Fabrics Market: Regional Analysis
Coated fabrics are made by applying different bonding agents and substances like rubber, varnish, thermoplastic coatings, and lacquer, on the fabric substrate. Coated fabrics are stable, durable, and washable, making them much stronger than uncoated fabrics. Rubber coated fabrics are close textured fabrics that exhibit low diffusion and permeation rate apart from being electrically conductive and provide better resistance to temperature, oil, and weather.
The global coated fabrics market is expected to grow at a fast rate owing to the increasing demand for coated fabrics for manufacturing airbags and seating used in automobiles, upholstered furniture, and protective apparel. Additionally, the growing usage of rubber-coated fabrics to produce military wear and protective clothing is further estimated to drive the global coated fabrics market globally. Growing infrastructure investments is further anticipated to surge the demand for awnings, wall coverings, and canopies, thereby, propelling the demand for coated fabrics market. However, the fluctuating prices of coated fabrics might hamper the market growth in the forecast timeframe. The rapid developments in the innovative coated fabric products for protective clothing are likely to offer new opportunities for the coated fabrics market growth in the upcoming years.
The coated fabrics market is classified on the basis of product and application. Based on the type, the coated fabric market is divided into rubber, fabric-backed wall coverings, and polymer. Among all products, the polymer-based coated fabric is expected to dominate the coated fabrics market, due to the growing demand for protective clothing and increasing requirement for airbags in automobiles. The growing automobile industry in Asia Pacific countries is estimated to boost the overall demand for coated fabrics. By application, the global coated fabrics market includes protective clothing, transportation, awnings, industrial, roofing and canopies, and furniture and seating. Increasing demand for protective clothing in various industries, such as medical, chemical processing, military, and agriculture, is likely to further escalate the coated fabrics market growth.
The geographic analysis of the coated fabrics market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2017, Asia Pacific dominated the market for coated fabrics, followed by North America. Due to rapid industrialization, high economic growth, and a rise in the investments made across industries, the demand for coated fabrics is expected to increase in the Asia Pacific region. Additionally, the rising implementation of strict regulations for Fire Safety in industries by the Fire Safety Forum Asia (FFSA) and Industries Development and Regulation Act of India is also fuelling the demand for coated fabrics in the region.
The global coated fabrics market involves a large number of players such as Omnova Solutions, Saint-Gobain, Takata Corporation, Canadian General Tower, Bo-Tex Sales Co., ContiTech AG, Mauritzon Inc., Graniteville Specialty Fabrics, and IsotexS.p.A., among others.
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