The coated fabrics industry size was USD 23.48 billion in 2020 and is predicted to reach USD 29.61 billion by the end of year 2025, with a current CAGR of 4.5 % throughout the foreseen period. Coated fabrics are textile composites that are covered with several kinds of composites. These coated fabrics offer improved physical and mechanical properties such as tensile strength, elasticity, elongation, and wear resistance. The choice of coated material depends entirely on the applications of the fabric. For example, fabrics employed in military tents and other military applications require escalated tear strength, flame resistance, and ductility where one or more layers of coatings are applied. Polymer cloth covering material is most often employed because it has superior cloth strength and resistance to water, oil and dirt.
Market drivers and restraints:
The expansion of the worldwide coated fabrics industry is driven by escalating call for protective clothing and transportation applications. In automobiles, coated fabrics are widely employed in airbags, car mats, covers, seat covers, and upholstery, among others. The improved properties of coated fabrics over normal fabrics paved the way for protective clothing and military applications. Furthermore, the escalation of construction activities around the world is also predicted to contribute to the worldwide industry revenue for coated fabrics. Furthermore, the escalating use of coated fabrics in the production of conveyor belts and PTFE tapes is also escalating their call in various regions. However, factors such as instability in commodity prices and the presence of strict regulations are predicted to hamper industry expansion during the foreseen period. The world industry for coated fabrics is very capital intensive. Therefore, it acts as an entry barrier for new industry players.
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Report segmented as:
Fabric – backed wall coverings
Roofing & canopies
Furniture & seating
APAC is the biggest industry for coated fabrics in the world, owing to major industrial expansion and quick urbanization in major nations like China and India. The rising call for transportation, protective clothing and industrial uses is driving the industry for coated fabrics in the Asia Pacific region. China, Japan and South Korea are the main drivers of the coated fabrics industry in the APAC region. Asia-Pacific accounted for the largest share of the coated fabrics industry in 2020 worldwide, followed by North America and Europe. The call for coated fabrics in the region is driven by the expansion of industries in developing countries such as China and India. Strong economic expansion and significant investments in sectors such as oil and gas, automotive and construction are predicted to boost the industry for coated fabrics in the region. Rising car sales and escalated government regulations requiring the implementation of security measures are also boosting the coated fabrics industry in the Asia Pacific region. The coated fabrics industry in the Middle East and Africa is predicted to grow at a faster rate. Call for coated fabrics is predicted to increase in the region due to expansion in construction and other industries. Latin America had a low industry share in 2020.
Important market players:
The key market players profiled in this market include Continental AG (Germany), Spradling International Inc. (US), Seaman Corporation (US), Saint-Gobain SA (France), Trelleborg AB (Sweden), Sioen Industries NV (Belgium), Serge Ferrari Group (France), Low & Bonar Plc (UK), and OMNOVO Solutions Inc. (US).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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