Coated Fabrics Market Global Size 2019, Industry Analysis, Application Segments, Top Key Players, Growth Drivers and Pricing Trends to 2023

Global Coated Fabrics Market Information: By Type (Polymer Coated, Rubber Coated, Fabric Backed), Application (Transportation, Protective Clothing, Industrial, Furniture, and Others), Region: Forecast Till 2023

Coated Fabrics are textile materials that are treated, coated or covered with various types of materials such as polymers, rubber, and fabric backed wall coverings among others. These Coated Fabrics offer enhanced physical and mechanical properties such as tensile strength, elasticity, elongation, and wear resistance. The choice of coated material entirely depends upon the applications of the fabrics. For instance, fabrics used in military tents and other military applications require enhanced tear strength, flame resistance and ductility wherein one or more layers of coatings are applied.

The growth of the Global Coated Fabrics Market growth is driven by the growing demand from the transportation and protective clothing applications. In automobiles, coated fabrics are highly used in airbags, car mats, covers, seating upholstery, and trim among others. The enhanced properties of coated fabrics as compared to normal fabrics have paved its way for the protective clothing and military applications. Coated Fabrics are also used to add aesthetic value to clothing mainly to provide leather-like texture at reasonable cost.

Moreover, the escalating construction activities across the globe are also expected to contribute to the revenue of the Global Coated Fabrics Market. Furthermore, the growing use of the Coated Fabrics in the production of conveyor belts and PTFE tapes is also surging its demand in various regions. However, factors such as unstable raw material prices and presence of stringent regulations are projected to hamper the growth of the market during the forecast period, 2018–2023. The Global Coated Fabrics Market is highly capital intensive in nature.

Therefore, it acts as an entry barrier for new market participants. However, growing research and development activities have led to the development of technologies such as plasma coatings, inkjet deposition, and nanomaterial among others, which is projected to be a major opportunity to the global market.

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Key Players:

Some of the key players in the Global Coated Fabrics Market are Omnova Solutions inc (U.S.), Takata Corporation (Japan), Saint-Gobain (France), Sioen Industries NV (Belgium)., Mauritzon Inc (U.S.) ContiTech AG (Germany), Isotex S.p.A. (Italy), Graniteville Specialty Fabrics (U.S.), Serge Ferrari Group (France), Heytex Bramsche GmbH (Germany), and Trelleborg AB (Sweden).

Segmentation:

The Global Coated Fabrics Market is segmented into Product Type, Application and Region.

On the Basis of the Product Type, the market is segregated into polymer coated fabrics, rubber coated fabrics, fabric backed wall coverings.

On the Basis of the Application, the market is segregated into transportation, protective clothing, industrial, furniture, construction, and others.

Based on the Region, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Regional Analysis:

Asia Pacific is projected to grow at the fastest CAGR in the global market due to growing automobile production in the region. Additionally, growing industrialization in the region has augmented the need for protective clothing, which, in turn, is providing substantial growth opportunity to the market for Coated Fabrics. Moreover, the growing implementations of strict regulations for industrial safety laid down by the Fire Safety Forum Asia (FFSA) and Industries Development and Regulation Act of India are likely to drive the demand in this region.

The Asia Pacific market is closely followed by the North America and Europe. The growing oil and gas activities in the U.S. post the shale gas boom along with the stringent FDA regulation has augmented the protective clothing applications in the region, which is expected to contribute substantially to the demand for Coated Fabrics. Furthermore, the presence of major automobile manufactures in Europe and North America is majorly driving the market growth.

The Middle East and Africa are likely to witness a high growth during the review period owing to the growing construction and oil and gas activities in the region. Moreover, increasing production of passenger vehicles especially by the PSA Group is estimated to propel the market growth. For instance, the company sold 383,489 vehicles in 2016 in the region and has plans to continue its sales, since the automobile markets are expected to grow from 5.9 million vehicles in 2016 to over 8 million by 2025.

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