The globalPolymer Coated Fabric Marketsize is expected to reach USD 36.58 Billion in 2028 and register a revenue CAGR of 4.4% over the forecast period, according to a latest report by Reports and Data. Coated fabrics are utilized in sewn fabric dunnage to help protect parts during packaging, shipping, and assembly, which, in turn, is expected to drive market revenue growth. In addition, increasing application of coated fabrics in automotive, construction, clothing, industrial, and medical industries is also anticipated to boost growth.
Coating on fabric is usually a polymer or elastomer that imparts particular properties such as resistance to water, mildew, or sunlight. Moreover, coatings that provide puncture-resistance properties or help make rack bags easier-to-clean are being widely utilized. With coated fabrics, coating and base fabric tend to act as a single material. Rapid development in the automotive sector, especially in emerging economies is expected to drive market revenue growth during the forecast period.
Top Companies:Omnova Solutions, Saint-Gobain, Bo-Tex Sales Co., Graniteville Specialty Fabrics, Sioen Industries NV, Trelleborg AB, SRF Limited, SergeFerrari Group, Continental AG, and Seaman Corporation.
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Some Key Highlights in the Report
- In July 2020, Proquinal Costa Rica, which is a company member of the Spradling Group, announced a reinvestment of USD 20 million in its coated fabric manufacturing plant in Costa Rica, with potential to hire 50 more people at its Spradling Free Zone Park plant, located in Coyol, Alajuela. Investment includes acquisition of Italian machinery to allow manufacturing of coated fabrics destined for high-performance markets. In addition, Proquinal is focusing on implementing a new process within the plant, which would increase its export capacity.
- Polymer coated fabric segment is expected to account for largest revenue share in the globalPolymer Coated Fabric Marketover the forecast period. This growth is attributable to improved textile performance offered by polymer coatings. Addition of polymer coatings in manufacturing process is expected to enhance the value of textile materials by extending shelf life and preserving aesthetic appearance.
- Adhesives segment is expected to account for a steady revenue share over the forecast period. This is due to rising demand for coated fabrics with improved durability and water resistance. Superior cover fabrics with polymer or rubber coatings to increase durability of textiles is also boosting revenue growth of this segment.
- Calendar finishing segment is expected to account for a steady revenue share. Suitability of calendar finishing process in manufacturing of rubber-based fabrics, as well as heat sensitive polymer-based fabrics is boosting its demand in globalPolymer Coated Fabric Market.
- Automotive segment is expected to account for a steady revenue share over the forecast period. This is attributed to increasing usage of coated fabrics for a wide range of automotive applications such as exterior, interior, seatbelts, airbags, and covers.
The COVID-19 impact:The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand forPolymer Coated Fabric Marketis expected to rise in the coming years.
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Type Outlook (Revenue, USD Billion; Volume, Million Sq. Meter, 2018-2028)
- Polymer Coated Fabric
- Rubber Coated Fabric
Raw Materials Outlook (Revenue, USD Billion; Volume, Million Sq. Meter, 2018-2028)
- Base Fabrics
- Adhesives
Process Outlook (Revenue, USD Billion; Volume, Million Sq. Meter, 2018-2028)
- Direct Coating
- Calendar Finishing
- Hot Melt Extrusion Coating
- Foam Finishing
- Flame Lamination
- Others
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Significant Features that are under Offering and Key Highlights of the Reports:
Detailed overview of thePolymer Coated Fabric Market
Changes in industry market dynamics
Detailed market segmentation by type, application, etc.
Historical, current and projected market size in terms of quantity and value
Recent industry trends and developments
Competition situation ofPolymer Coated Fabric Market
Key companies and product strategies
Potential niche segment/region showing promising growth.
Finally, thePolymer Coated Fabric MarketReport is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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