The Coated Fabrics Market size was around USD 23.95 Billion by revenue, at the end of 2020. It is anticipated to grow at a 4.23 % CAGR to reach close to USD 29.46 Billion by 2025.
Coated fabrics are fabrics that are painted, covered, or treated with different substances like varnish, rubber, lacquer, and thermoplastic coatings to make the material last for a long time and be impermeable to water, dust, oil, and other liquids. Coated fabrics are obtained from smooth and pile fabrics. These fabrics are, at times, collaborated with porolon to make them soft. Polymer coated fabrics are showcasing the highest expansion among all in the worldwide coated fabrics market. The polymer-coated materials are segregated into Polyethylene (PE) coated, Polyurethane (PU) coated fabrics, and vinyl-coated fabrics.
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Bayer MaterialScience, one of the world's dominating polymer producers, declares the introduction of INSQIN, a novel turnkey solution for the latest generation of polyurethane (PU) coated fabrics. The introduction sets a new chapter in the footwear and apparel segment, in which Bayer offers brand owners an integrated package of pure waterborne PU technology, material co-development and a certified manufacturer partner program for PU coated fabrics, making a new way of value chain partnership.
Archroma, a worldwide leader in color and specialty chemicals towards sustainable solutions, has introduced at the recent ITMA exhibition its latest Lurapret® N5396 & N5392 liq, a water-based ultra-low VOC polyurethane (PU) polymer coating technology
Coated Fabrics Market overview
The Coated Fabrics Market is a high value and slow growth global market which is majorly concentrated in Asia Pacific, North America, and Europe. The global coated fabrics market is showing positive expansion on the back of rising calls from transportation, roofing, industrial, protective clothing, furniture, and seating industries. Coated fabrics have their application in the transportation business, owing to their unique characteristics, like waterproof, rot-proof, UV resistance, mildew resistance, and dirt and oil proof.
These fabrics enhance durability and are weather and corrosion-resistant. In addition to that, these offer enhancements in passenger safety and high comfort in seating. Coated fabrics are comparatively less costly, as compared to other materials with high resistance to fire, water, and abrasion.
Drivers and Restraints in the Coated Fabrics Market
The global coated fabrics market is witnessing good expansion on the back of rising calls from transportation, roofing, awnings and canopies, industrial, protective clothing, furniture, and seating businesses. Coated fabrics find massive applications in the transportation market, owing to its distinguishing characteristics, like water resistance, rot-proof, UV repellence, mildew repellence, and dirt and oil resistance. These fabrics are known to improve durability and are resistant to weather and corrosion. In addition to those features, they offer enhancements in terms of passenger safety and high comfort while seating. Coated fabrics are comparably less costly when compared to other coated materials with excellent resistance to fire, water, and abrasion.
The demand for polymer coated fabrics is estimated to witness high expansion due to rising use in different applications, decreased cost, easy welding ability, and availability in a variety of colors. The transportation sector is estimated to be the quickest developing application in the worldwide coated fabrics market, on account of rising employment of polymer and rubber-coated fabrics in automobile, aircraft, railways, and marine businesses. There is a high call for coated fabric in the transportation sector, as the product is rot-proof, dirt & oil-repellent, mildew resistant, water-resistant, and UV resistant. The other industry also has a moderate share of the market in 2019. It has protective coatings, industrial, and furniture. Under the industrial sector, the product is employed in the making of industrial uniforms, masks, hand gloves, etc. Industrial workers work in the utmost conditions; hence, the dress worn by them requires to be fireproof, oil repellent, water repellent, and repellent to other harmful products. Thus, coated fabrics are employed in industrial materials.
Rising calls from the industrial & commercial base and re-energizing construction business mainly in Indonesia, China, Malaysia, and India will continue to drive the expansion of this sector. Also, the rise in public infrastructure spending and an increase in customer interest in home interiors will drive fabric wall backed covering calls. Increasing safety measures in the transportation application are estimated to be the key driver for the global coated fabrics market throughout the foreseen period. The expansion can also be accredited to the rising employment of the product for the manufacturing of industrial products like conveyor belts and PTFE tapes. In addition to that, the market is estimated to gain from rising employment of coated fabrics as low-cost substitute leather for trims and upholstery.
Factors like vaporous raw material costs and strict environmental protection rules are estimated to boost the makers to focus on research & development. In addition to that, technological innovations goal at the reduction of raw material costs and achieving faster and efficient production is estimated to drive the expansion. The market is very capital intensive that is expected to show a barricade to the latest market entrants. The existence of a high number of alternatives is estimated to result in the low bargaining power of buyers. Nevertheless, growing technologies like plasma coating, nanomaterials, and inkjet deposition are determined to offer excellent expansion opportunities to the market.
Coated Fabrics Market segmentation as per the research report until 2025.
Coated Fabrics Market - By Product
Among the mentioned products using the coated fabrics the polymer (vinyl, PU, PE) coated fabrics segment is anticipated to lead the global coated fabrics market during the forecast period. The unique properties of polymer-coated fabrics such as high resistance to oil, dirt, water, and UV light is the main reason for the rising demand for the polymer-coated fabrics in different sectors of industries, but mostly in home furnishing and automobile upholstery.
Coated Fabrics Market - By Application
The transportation segment of the coated fabrics application is dominant among the other mentioned applications. It is calculated to have the largest market share with a high CAGR in the forecast period. The dependence of the transportation industry on various rubber and polymer-coated fabrics is the major reason for the hiking growth rate of the coated fabrics market in the transportation application.
Coated Fabrics Market - By Region
Middle East & Africa
The Asia Pacific coated fabrics market has the highest share of the global business in 2019, which is followed by North America and Europe. Call for coated fabrics in the region is driven by the expansion in activities in growing countries like China and India. High economic development and significant investments in businesses like oil & gas, automotive, and construction are estimated to fuel the demand in the coated fabric market in the region. The rise in automobile sales and an increase in government rules needing the implementation of safety measures are also driving the coated fabrics market in the Asia Pacific region.
Europe is another promising business for coated fabrics due to the strong automobile industry in nations like Germany. The increasing call for comfort and convenience in interiors of the vehicle is promoting the need for coated fabrics in the European Union. North America coated fabrics market is also estimated to expand with a notable growth rate in the next few years.
The coated fabric market in Middle East & Africa is estimated to grow at a faster pace. Call for coated fabric is expected to escalate in the region owing to the expansion in construction and other businesses. Latin America coated fabrics market has a low share of the market in 2019. With strict counseling from the National Fire Protection Association (NFPA), OSHA, and ASTM, U.S. is a very much legalized business. Incursions into shale exploration and renewable chemical commercialization have seen an enhancement in the regional protective clothing market. The availability of big-scale construction projects in Saudi Arabia, Kuwait, and UAE going along with by regulations of labor security should favor the Middle East & Africa coated fabrics market expansion.
Coated Fabrics Market key players:
Major companies plying their trade in the Coated Fabrics Market include Continental AG (Germany), Takata Corporation (Japan), Spradling International Inc. (US), Isotex S.p.A. (Italy), Saint-Gobain SA (France), ContiTech AG (Germany), Trelleborg AB (Sweden), Mauritzon Inc. (US), OMNOVO Solutions Inc. (US), Graniteville Specialty Fabrics (US), Serge Ferrari Group (France), Bo-Tex Sales Co. (US), Low & Bonar Plc (UK), Seaman Corporation (US), Canadian General Tower (Canada), Sioen Industries NV (Belgium) are the leading shareholders of the Global Coated Fabrics Market. These companies are currently focused on expansion strategies to improve their market value and position.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.3 Fabric-backed wall coverings
5.1.6 Y-o-Y Growth Analysis, By Product
5.1.7 Market Attractiveness Analysis, By Product
5.1.8 Market Share Analysis, By Product
5.2.3 Protective Clothing
5.2.6 Roofing & Canopies
5.2.7 Furniture & Seating
5.2.9 Y-o-Y Growth Analysis, By Application
5.2.10 Market Attractiveness Analysis, By Application
5.2.11 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Product
188.8.131.52 By Application
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Product
18.104.22.168 By Application
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Product
188.8.131.52 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Serge Ferrari Group
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Continental AG
8.3 Spradling International Inc.
8.4 Takata Corporation
8.5 Isotex S.p.A.
8.6 Saint-Gobain SA
8.7 ContiTech AG
8.8 Trelleborg AB
8.9 OMNOVO Solutions Inc.
8.10 Mauritzon Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Coated Fabrics Market Market By Region, From 2020-2025( USD Billion )
Global Coated Fabrics Market Market By Product, From 2020-2025( USD Billion )
Global Polymer Market By Region, From 2020-2025( USD Billion )
Global Fabric-backed wall coverings Market By Region, From 2020-2025( USD Billion )
Global Rubber Market By Region, From 2020-2025( USD Billion )
Global Others Market By Region, From 2020-2025( USD Billion )
Global Coated Fabrics Market Market By Application, From 2020-2025( USD Billion )
Global Transportation Market By Region, From 2020-2025( USD Billion )
Global Protective Clothing Market By Region, From 2020-2025( USD Billion )
Global Industrial Market By Region, From 2020-2025( USD Billion )
Global Awnings Market By Region, From 2020-2025( USD Billion )
Global Roofing & Canopies Market By Region, From 2020-2025( USD Billion )
Global Furniture & Seating Market By Region, From 2020-2025( USD Billion )
Global Others Market By Region, From 2020-2025( USD Billion )