Coated Fabric Market Business Opportunities, Growth Insights, Trends, Size to 2026

Coated Fabric Market Business Opportunities, Growth Insights, Trends, Size to 2026

A Story by Bhagyashri Bhole
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Coated Fabric Market Size, Share and Industry Analysis, By Product (Polymer Coated Fabric, Rubber Coated Fabric, and Fabric Backed Wall Coverings), By Application (Protective Clothing, Transportation,

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The global coated fabric market size is likely to gain impetus from their rising utilization in producing military wear and protective clothing worldwide. Besides, the ongoing number of construction projects owing to the increasing investments in chemical, oil and gas, infrastructure, and automotive and transportation industries would affect the market positively. The report further states that the coated fabric market size stood at USD 34.89 billion in 2018. It is anticipated to reach USD 49.41 billion by 2026, exhibiting a CAGR of 4.5% during the forecast period.

Drivers & Restraints:

Increasing Automotive Production to Propel Growth

Coated fabrics are majorly used in vehicles to improve the feel and appearance of their interior. Varnish or oil finishes, plastics, lacquer, rubber, PVC, and resins are some of the materials that are extensively used to process or coat fabric. Automotive coated fabric is oil-repellent, rot-proof, UV resistant, water resistant, and anti-corrosive. Nowadays, numerous automotive manufacturers are using OMNAVA coated fabric upholsteries to enhance a vehicle’s performance, provide impressive design, excellent touch, durable performance, low emissions, and environmental features. OMNOVA delivers auto OEMs superior quality fabric. Overall, increasing production of automotive and rising per capita income are set to augment the coated fabrics market growth in the coming years. However, fluctuations in the prices of raw materials may hinder the market growth.

Fortune Business Insights™ provides a list of all the companies operating in the coated fabric market. They are as follows;

  • B&V Membrane
  • SRF Limited
  • Low & Bonar
  • Fothergill Group
  • J K Texbond Pvt. Ltd.
  • Trelleborg
  • Ajy Tech India Pvt. Ltd.
  • CANADIAN GENERAL TOWER
  • Sioen Industries NV
  • Saint-Gobain Performance Plastics
  • Bobet Group
  • MarvelVinyls
  • Other prominent key players

Segmentation:

Government Rules Regarding Vehicle Safety to Favor Growth of Transportation Segment

Based on application, the market is fragmented into industrial, furniture, transportation, protective clothing, and others. Out of these, the transportation segment is projected to generate the largest coated fabrics market share during the forthcoming period fueled by the ongoing development in rail and road transportation, as well as surging sales of automobiles. These products are used the most in the automotive sector for making interiors, air bags, seats, roofing, and seat belts. Above that, the governments of several countries are putting forward various strict norms and regulations regarding vehicle safety and security. It is, in turn, aiding the manufacturers in installing air bags in every vehicle. Also, high demand for passenger and commercial vehicles would spur growth of this segment. The protective clothing segment held a share of 18.70% in 2018.

Regional Analysis:

Asia Pacific to Lead Backed by Growth of Construction Industry

In terms of region, the market is classified into Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific. Amongst these, in 2018, North America procured USD 7.3 billion coated fabrics market revenue. This growth is attributable to the upsurging demand for protective clothing from chemical and pharmaceutical industries. Apart from that, the FDA has imposed strict rules and regulations. In Canada and the U.S., increasing usage of protective clothing and industrial machinery applications has given rise to rapid industrialization.

Asia Pacific, on the other hand, is set to lead the market throughout the forecast period because of the expansion of the construction industry. China is the main growth contributor as it is considered to be the prominent producer of motor vehicles, upholstered furniture, accessories, and apparels. India is also showcasing high industrialization owing to the existence of several reputed manufacturing companies. In Europe, the market would grow considerably in the coming years because of the rising production of automotive in the U.K. and Germany.

© 2020 Bhagyashri Bhole


Author's Note

Bhagyashri Bhole
Get Detailed Insights of This Research Report with TOC: https://www.fortunebusinessinsights.com/coated-fabric-market-102546


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Added on October 7, 2020
Last Updated on October 7, 2020
Tags: Coated Fabric Market

Author

Bhagyashri Bhole
Bhagyashri Bhole

Pune, Maharashtra, India



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