Coated Fabric Market Overview:
According to the USD Analytics published latest research report, the global “Coated Fabric Market” is expected to grow at a tremendous CAGR of 5% during the forecast period 2023-2030.
The growing emphasis on safety measures and stringent laws governing worker safety in sectors like automotive, chemical, and oil & gas is a significant reason contributing to the coated textiles market’s positive development estimate. Furthermore, the increased demand for ecologically friendly materials is propelling the coated fabrics market ahead.
Coated fabrics are a sustainable option since they can be made from a variety of materials, including natural fibers such as cotton and hemp, as well as recycled materials like plastic bottles. As a result of these factors, the coated textiles market is poised for consistent and sustained development.
Market Drivers:
Growing Demand for Increased Safety Measures in Vehicles, Aircraft, and Other Forms of Transportation
Rapid population expansion in several countries has resulted in a major rise in demand for transportation and automobile manufacturing. Coated textiles are used to increase safety and performance in transportation applications. For example, coated textiles, are efficiently utilized in airbags, which provide safety features in automobiles and airplanes. To fulfill the expanding demand from the automotive sector, coated fabric manufacturing must be increased. This is a major element driving the need for coated fabrics.
Market Restraints:
Substitutes Available for Coated Fabrics
Coated fabrics are used in a range of sectors, including automotive, construction, healthcare, and military, because of their durability, water resistance, and UV protection. There are several options available for coated textiles.
In certain industrial applications, other materials like metals or ceramics may be used instead of coated fabrics. Coated fabric, on the other hand, outperforms its competitors due to improved properties such as greater strength and water resistance.
Market Opportunities:
Growing Development of New Technologies
Because of technical advancements, coated fabrics may perform more effectively, endure longer, and operate better, thereby increasing their market value and customer appeal. Because of the development of new coating processes and materials, manufacturers may now make unique goods with increased features like durability, resistance to chemicals and UV radiation, and improved aesthetics. Such a circumstance may increase demand for coated fabrics.
Market Challenges:
Dumping of Coated Fabrics is One of the Difficulties
Coated fabrics are primarily composed of polymers, which offer a substantial environmental risk due to the low worldwide recycling rate in comparison to manufacturing. Because coated materials are difficult to recycle, they represent a major danger to the environment. Even with high pressure and temperature, the trash generated by coated textiles cannot be recycled. This is because the polymers used in the creation of coating and fiber compounds are heterogeneous, making it difficult to appropriately combine them to recycle goods.
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Recent Industry Developments:
- Trelleborg AB bought a division of Alpha Engineered Composites, a privately held corporation located in the United States, in December 2021. It is a polymer-coated fabric procedure used in specialized applications.
- Trelleborg focused on healthcare and medical textiles innovation in November 2022. One of its most recent product introductions was the Dartex Zoned Coatings fabric. Its fabric enables diverse combinations of expansion qualities over its surface without having to replace fabrics.
- Continental AG invented timing belts that may be used in wind turbines instead of gearboxes in May 2020. Timing belt cloth is effective in terms of wear and tear, maintaining a sturdy construction, and reducing noise.
Segmentation Analysis:
As per the research analysis, the global coated fabric market is segmented by product type into Polymer-coated Fabrics, Vinyl-coated Fabrics, PU-coated Fabrics, PE-coated Fabrics, Rubber-coated Fabrics, and Fabric-backed Wall Coverings; and by application into Transportation, Protective Clothings, Industrial, Roofing, Awnings and Canopies, Furniture & Seatings, and Others.
Based on Application, Transportation is Projected to be the Largest Market for Coated Fabrics, in Terms of Value, During the Forecast Period
Transportation is the most important use for coated fabrics because of the increasing need for polymer- and rubber-coated textiles in vehicles, aviation, trains, and marines. Coated textiles contribute to vehicle weight reduction, resulting in fewer CO2 emissions. Coated fabrics are often used in transportation applications because of properties like rot resistance, filth and oil repellency, mildew resistance, water resistance, and UV resistance. Coated fabrics extend the life of the material and make it resistant to weather conditions in automotive applications.
Based on Product Type, Vinyl-Coated Fabrics was the Largest Segment in Polymer-Coated Fabrics for Coated Fabrics Market, in Terms of Value, in 2022.
It is a suitable solution for coated fabrics because of its versatility, cost, and durability. However, environmental issues accompany the creation of vinyl. These textiles are made by covering them with vinyl. Polyvinyl chloride (PVC), sometimes known as vinyl, is a synthetic material made from fossil fuels. Fabrics of this sort are utilized in seat upholstery, safety garments, aprons, and other industrial applications.
Geographical Analysis:
The global coated fabric market is segmented into North America, Europe, South America, Asia Pacific, and Middle East & Africa.
Asia-Pacific Coated Fabric Market:
Asia Pacific was the largest market for coated fabrics, followed by Europe in 2022. This is owing to population growth, notably in China and India. Significant increases in manufacturing, infrastructure, and economic development are predicted to promote the use of coated textiles in these nations. In addition, the Asia Pacific region’s severe government requirements promote the coated fabrics industry.
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Competitive Landscape:
The major companies contributing to the global coated fabric market market growth include Continental AG, Trelleborg AB, Serge Ferrari Group, Saint-Gobain S.A., Freudenberg Group.
Additional Benefits Post Purchase:
1) Unlimited Analyst support for a period of 6 Months.
2) Any query regarding the scope offered will be addressed within 24- 48 hours.
3) An excel sheet with market numbers will be provided separately.
The Full Report has the below insights.
- The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2021-2022) and verifiable market size projections (2023-2030).
- Visualize the composition of the global coated fabric market segmentation product type, application, and region, highlighting the key commercial assets and players.
- By Product Type: Polymer-coated Fabrics, Vinyl-coated Fabrics, PU-coated Fabrics, PE-coated Fabrics, Rubber-coated Fabrics, and Fabric-backed Wall Coverings
- By Application: Transportation, Protective Clothings, Industrial, Roofing, Awnings and Canopies, Furniture & Seatings, and Others
- By Region: North America, Europe, South America, Asia-Pacific, and Middle East and Africa
- Identify commercial opportunities in the global coated fabric market by analyzing trends and co-development deals.
- The report also covers data insights on various industry forces such as porter’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis and pricing analysis.
- Excel data sheet with thousands of the global coated fabric market-level 4/5 segmentation data points.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players.
- The report will provide access to approximately 50+ market data tables, 40+ figures and close to 200 pages.
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