-- Coated Fabrics Market to Improve Following Improvements in Chemical Industry Practices at a Higher Rate:
Coated Fabrics Market Insight:
The beneficial properties of coated fabrics are increasing their demand significantly. Market reports associated to chemicals and materials have been made available by Market Research Future, which states that global coated fabrics market is on the verge of rising and expansion at a high CAGR over the forecast period.
Coated fabrics are a type of textile materials that are treated, coated or covered with various types of materials of polymers, rubber, and fabric-backed wall coverings and many more. These fabrics are known for offering enhanced physical and mechanical properties such as tensile strength, elasticity, elongation, and wear resistance.
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The entry of new entrants and existing players, with the help of supplies and distribution chain, has expected to diversify the existing channels in the market further. It has been observed that the choice of coated material is wholly dependent upon the applications of the fabrics as it been used in military tents for tear strength, flame resistance and ductility wherein double layers of coating are applied.
Market Drivers & Trends:
Increasing demand for coated fabrics from the transportation and protective clothing applications has encouraged the global coated fabrics market growth remarkably. In the world of automobiles, there is substantial demand for coated fabrics in airbags, car mats, covers, seating upholstery, trim and more, which have also promoted the development of various opportunities for market progression in the forecast period.
The enhanced properties of coated fabrics in comparison to the standard fabrics have paved its ways for preventive clothing, and military applications have also contributed largely to the development of the market over the years. Moreover, the intensifying construction activities across the globe has also boosted the market growth with an increase in revenue of the global coated fabrics market.
Furthermore, factors such as increasing applications of coated fabrics in the production line of conveyor belts and PTFE tapes are also surging the demands during the assessment period. However, on the flip side, factors such as unstable raw material prices and due to stringent regulations are anticipated to hinder the growth of the global coated fabrics market during the forecast period.
On the contrary, with the increasing research and development activities have led to the development of technologies listed as plasma coatings, inkjet deposition, and nanomaterial and more are projecting to be a remarkable opportunity to the global market in the foreseen years.
Market Segmentation:
The global coated fabrics market has been segmented based on product type and application. In terms of the product type, the market is segregated into polymer coated fabrics, rubber-coated fabrics, fabric-backed wall coverings. In terms of the application, the market is divided into transportation, protective clothing, industrial, furniture, construction, and others.
Detailed Regional Outlook:
Regionally, the global market for coated fabrics has been segregated into the vital region of North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific is controlling the global coated fabrics market by having the fastest CAGR owing to growing production in the automotive industry in developing countries. Apart from this, industrialization is also contributing in remarkable ways of providing substantial growth opportunities to the market of coated fabrics. Besides, growing implementations of strict regulation regarding industrial safety laid by the Fire Safety Forum Asia (FFSA) and Industries Development and Regulation Act of India are also likely to drive the demand for it in this region.
North America and Europe are also leading with a significant share of the market with the mounting exploration activities for oil and gas in the U.S. Along with this; the stringent FDA regulation has also augmented the protective clothing applications in the region, which is also expected to contribute noticeably to the market growth over the forecast period. The existence of significant automobile manufactures in Europe, and North America is also majorly driving the market to a great extent.
Lastly, the Middle East and Africa are likely to witness high progress during the review period owing to the mounting construction and oil and gas activities in the region.
Key Players:
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) are some of the prominent market players who are continuously contributing to the global coated fabric market share and making it valuable in the recent times.
Industry News:
July 24, 2019: Trivantage introduced hydrofend coated fabric for marine applications. Hydrofend, a solution-dyed polyester is designed in a way to balance high water resistance with breathability. It is now available from Trivantage, a one-stop-shop for fabrics, hardware, and accessories.
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TABLE OF CONTENTS:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Bargaining Power Of Suppliers
4.1.4 Threat Of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Coated Fabrics Market
5 Industry Overview Of Global Coated Fabrics Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
LIST OF FIGURES:
FIGURE 1 Global Coated Fabrics Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global Coated Fabrics Market
FIGURE 4 Value Chain of Global Coated Fabrics Market
FIGURE 5 Share of Global Coated Fabrics Market In 2016, By Country (In %)
FIGURE 6 Global Coated Fabrics Market, 2018-2023,
FIGURE 7 Sub-Segments of Type
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Organization: Market Research Future
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