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Mar 26, 2021 (The Expresswire) —
The global ”coated fabricmarket” 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. This information is given byFortune Business Insights™in a recently published report, titled,“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, Furniture, Industrial, and Others) and Regional Forecast, 2019-2026.”The report further states that the coated fabric market size stood atUSD 34.89 billionin 2018. It is anticipated to reachUSD 49.41 billionby 2026, exhibiting aCAGR of 4.5%during the forecast period.
An Overview of the Impact of COVID-19 on this Market:
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Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
Highlights of the Report
- Elaborate information about the coated fabric market trends, opportunities, and challenges.
- In-depth information about the dominating regions present in the market.
- List of all the segments.
- Competitive landscape consisting of innovative product launches, agreements, contracts, collaborations, mergers and acquisitions, and investments.
Fortune Business Insights™ provides a list of all the companies operating in the coated fabric market. They are as follows;
- BandV Membrane
- SRF Limited
- Low and Bonar
- Fothergill Group
- J K Texbond Pvt. Ltd.
- Ajy Tech India Pvt. Ltd.
- CANADIAN GENERAL TOWER
- Sioen Industries NV
- Saint-Gobain Performance Plastics
- Bobet Group
- Other prominent key players
Drivers and 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.
Key Players Aim to Strengthen Position through Strategic Partnerships
The market is highly competitive. Renowned organizations are mainly aiming to gain the maximum share by adopting the strategy of collaboration and partnership. Companies, such as Saint-Gobain Performance Plastics, Trelleborg, Fothergill Group, and SRF Limited are the dominant companies in terms of share.
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.
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Coated Fabric Market report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
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- Post-sales support
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Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Key Questions Answered:
- Why Choose Fortune Business Insights?
- What are the key demands and trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the market growth
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.
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Detailed Table of Content:
- Executive Summary
- Market Dynamics
- Key Insights
- Coated Fabric Market Analysis, Insights and Forecast ByProduct
Below are a couple of the crucial industry developments:
- May 2019: Spradling International Marine, a provider of high quality vinyl products headquartered in Alabama, teamed up with Pletcher Sales, a textiles company based in Indiana. It would enable the latter in providing interior solutions and coated fabrics to the recreational vehicle (RV) industry.
- July 2018: Trelleborg AB, an engineering group based in Sweden, completed the acquisition of Laminating Coating Technologies, Inc., a privately owned company headquartered in the U.S. This acquisition would help the former in strengthening its position in the market, as well as improve the company’s product offering.
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To view the original version on The Express Wire visit Coated Fabric Market- Industry Trends, Size, Growth Insight, Share, Emerging Technologies, Share, Competitive, Regional, And Global Industry Forecast To 2026
The MarketWatch News Department was not involved in the creation of this content.
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