In terms of value, the coated fabrics market is estimated to grow from USD 23.7 billion in 2022 to USD 29.8 billion by 2028, at a CAGR of 3.95%. The growth of the coated fabrics market is prompted by the huge demand from transportation and protective clothing applications. Rising safety measures and stringent regulations over worker’s safety in automotive, chemical, oil & gas industries driving the coated fabrics market. Additionally, coated fabrics can offer a lightweight and durable alternative to traditional materials, and can help manufacturers meet strict safety regulations. These factors have all contributed to the global expansion of the coated farbics market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=64354822
Based on product type, the coated fabrics market is segmented into Polymer-coated Farbics, Rubber-coated Farbics, Fabric-baked Wall Coverings. Polymer-coated Fabrics further divided in Vinyl-coated Fabrics, PU-coated Fabrics, PE-coated Fabrics and other Polymer-coated Fabrics. The polymer-coated farbics segment accounted for the largest market share, in terms of both value and volume, in 2022 As these fabrics have better properties in terms of transparency, elasticity, resistance to oil, grease, and abrasion. Moreover, these fabrics have high demand in sectors, such as protective clothing, industrial and transportation.
Based on application, the coated farbics are segmented into transportation, protective clothings, industirial, roofings, awnings & canopies, furniture & seatings and other. Among these applications, the transportation segment accounted for the largest market share, in terms of value and volume, in 2022. Coated fabrics can provide a range of safety benefits in the automotive industries, which includes airbags, seat belts, and flame-retardant materials.
Based on region, Asia Pacific dominated the coated fabrics market, in terms of both value and volume, in 2022. This is due to increasing population in the continent especially in China and India, expanding manufacturing sector and improving economic conditions with rising GDP & disposable incomes. Likewise, the Asia Pacific is projected to be the fastest growing market, in terms of value and volume, during the forecast period 2023 to 2028.
Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=64354822
The key players profiled in the report include Continental AG (Germany), Trelleborg AB (Sweden), Serge Ferrari Group (France), Saint-Gobain S.A. (France), Freudenberg Group (Germany), Sioen Industries NV (Belgium), Spradling International Inc. (US), Seaman Corporation (US), OMNOVA Solutions Inc. (US), and SRF Limited (India), among others. The necessity of coated fabrics is rising due to innovated and adopted properties of coated fabrics for high-end automotive and other industrial sectors making opportunities for the key players. Likewise, to tap these opportunities key players should focuse on new innovations and manufacturing of technological advanced coated fabrics.
Read Our Trending Press Release Below:
Industrial PU Elastomer Market -Global Forecast to 2026
Textile Chemicals Market -Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The Knowledge Store™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/coated-fabric-market-64354822.html