Coated Fabrics Market Size Forecast to Reach $28.1 Billion by 2025

Coated Fabrics Market size is forecast to reach $28.1 billion by 2025, after growing at a CAGR of 4.7% during 2020-2025. A coated fabric is a fabric which is covered, treated, or coated with various substances to make it more elastic, weather resistant, stronger, and longer lasting. Coated fabrics are used in various applications such as roofing, medical, furniture, and transportation and are more durable and flexible compared to normal fabrics due to features like better elasticity, water resistance, and thermal insulation. These factors are expected to drive the coated fabrics market during the forecast period.

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By Product Type - Segment Analysis

Woven segment held a significant share in coated fabrics market. Coated fabrics are woven or non-woven textile substrates that are manufactured by coating or laminating the fabric with polymer, rubber, or other materials. For formation of structures and composite tooling, woven products are used. While knitted products made up of continuous fibers operate into a knitted structure. Non-woven coated fabrics are fiber or textile-based materials that having a defined external form such as mat of randomly-oriented melt-blown, spun-bound, felt, and fibers.

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By Material Type- Segment Analysis

Polymer segment held a significant share in coated fabrics market. The demand for polymer-coated fabric is very high in various applications due to its superior properties such as resistance to dirt, oil, UV, and water. Moreover, the rising demand for automotive upholstery and home furnishing is driving the polymer-coated fabrics market. Some of the other applications of polymer-coated fabrics are temporary tents, awnings, canopies, seat upholstery, and protective clothing. Low cost, high life cycles, and properties, such as water resistance, dirt resistance, chemical resistance, and oil resistance, among others, are driving the market for polymer coated fabrics.

By Process- Segment Analysis

Calendar finishing segment held a significant share in coated fabrics market. Calendar finishing method is widely used because it provides smoothness and luster to the fabrics. Also, this method is suitable for manufacturing of heat sensitive polymer-based fabrics and rubber-based fabrics. Almost all the textile manufacturing firms require use of calendar machines. The calendar machine imparts a smooth touch to the fabric by improving the fabric's opacity and compressing it to make it lighter. It also reduces yarn slippage. The global trade of second-hand parts of calendar machines is also on rise. The manufacturers of developed countries prefer to upgrade the existing machinery so as to avail maximum benefits from the upgraded technology. In some cases, the calendar machines are dismantled and the individual parts are sold out in global market at lesser price.

By End-Use Industry - Segment Analysis

Transportation held a significant share in coated fabrics market in 2019 growing at a CAGR of XX% during the forecast period. This growth is attributed to the increasing use of polymer- and rubber-coated fabrics in various transportation applications. Coated fabrics are majorly used for a wide range of automotive applications such as interior, exterior, airbags, seatbelt, and covers. The growth in the demand for coated fabric in transportation sector can be attributed to increasing automobile sales over the past few years coupled with the development in rail and roadway transportation. The rising safety standards and increasing demand from automobile, aircraft, and railways are majorly driving the polymer coated fabrics market in the transportation application.

The global COVID-19 pandemic has led to a sudden pause to manufacturing activities across the globe. The most critically impacted end-use segments of the coated fabrics industry include transportation. According to the Society of India Automobile Manufacturers (SIAM), passenger vehicle sales declined 51% to 143,014 units in March 2020 in India. Also, sales of commercial vehicles declined 88% to 13,027 units, those of two-wheelers fell 40% to 866,849 units. The COVID outbreak has crashed the automotive industry tremendously. U.S. is anticipated to witness a decline of 27% in automobile sales in 2020.

Geography- Segment Analysis

Asia Pacific dominated the coated fabrics market with a share of more than XX%, followed by North America and Europe. Growing industrialization that is backed by infrastructure development has offered enormous growth opportunities for the coated fabrics market in APAC. The high economic growth rate and heavy investments in industries such as oil & gas, automotive, infrastructure, chemical, and steel & military also drive the coated fabrics market in the region. The growing automotive production and stringent regulations by the International Labor Organization (ILO) on safety measures have increased the demand for coated fabrics in the region.

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Drivers – Coated Fabrics Market

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 forecast period. Moreover, the rising safety measures in the transportation application and the stringent regulatory requirements for workers' safety are expected to drive the coated fabrics market.

Challenges – Coated Fabrics Market

Availability of alternatives

Increasing environmental concerns among population and availability of the alternates of coated fabrics are the restraining factors of coated fabrics market. The industry is highly capital intensive which is expected to present a barrier to the new market entrants. Presence of large number of substitutes is expected to lead to a low bargaining power of buyers. Large number of domestic players and availability of substitutes such as uncoated fabrics, plastic, and leather restrain the market growth. Government regulation about environmental protection for releasing of hazardous air pollutants, also restrict product growth.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the coated fabrics market. In 2019, the market of coated fabrics has been consolidated by the top five players accounting for xx% of the share. Major players in the coated fabrics market are Continental AG, Spradling International Inc., Seaman Corporation, Saint-Gobain SA, Trelleborg AB, Sioen Industries NV, Serge Ferrari Group, Low & Bonar Plc, and OMNOVO Solutions Inc. among others.

Product Launch/ Acquisition

In June 2019, Trelleborg’s engineered coated fabrics operation has launched Tactwear™, its new polymer-coated Cordura® composite.

In July 2019, Archroma has launched a water-based ultra-low VOC polyurethane polymer coating technology that delivers high performance to coated fabrics, such as indoor and outdoor textiles, nonwovens and papers.

In July 2018, Trelleborg acquired the US-based privately owned company Laminating Coating Technologies, Inc. to strengthen its position in the PU coated fabrics market.

In February 2018, Serge Ferrari launched Soltis Lounge 96 collection which focuses on innovative solar protection materials for outdoor applications.

Key Takeaways

New product developments and increasing investments in research and development of coated fabrics are expected to drive the growth of this market.

Among end users, transport segment is projected to lead the coated fabrics market during the forecast period.

Asia Pacific dominated the coated fabrics market.

Related Reports :

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https://www.industryarc.com/Research/Coating-Agents-For-Synthetic-Leather-Market-Research-503020

B. Spunbonded Polyester Nonwoven Market
https://www.industryarc.com/Report/19408/spunbonded-polyester-nonwoven-market.html

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