Polymer Coated Fabrics Market

Polymer Coated Fabrics Market Size (2023-2028)

Polymer Coated Fabrics Market is expected to grow at a CAGR of 6.7% during the forecast period of 2022 to 2028. By 2028, the market valuation of the industry will be 20 billion USD according to the latest survey.

The addition of polymers to textile materials increases features like water resistance, UV and abrasion resistance, and other factors. Several polymers like polyvinyl chloride, polyurethane, polyethylene, and others are extensively employed for the making of these polymer-coated fabrics. They are finding huge demand in the areas like automotive and transportation, protective clothing, furniture, construction, and so on. The polyurethane type is likely to register a substantial share in the international marketplace in the coming years based on the type while the transportation application is supposed to continue its domination in the global polymer-coated fabrics market in the same timeframe. North America is the dominant shareholder of this market, which is likely to be overtaken by the Asia Pacific in terms of growth rate in the foreseen period. Continental AG (Germany) is a prominent manufacturer of polymer-coated fabrics, globally, which are used in protective clothing, transportation, and industrial applications. It has a good portfolio of products that caters to the most specific requirements of the customers.

Drivers, Restraints & Challenges of Polymer Coated Fabrics Market:

The rise in safety measures in the transportation application industry has added impetus to the global polymer-coated fabrics market. These polymers are used in various segments of an automobile such as airbags, seat belts, etc. This wide range of applications provides a growth opportunity for the industry. The usage of these fabrics in aerospace, and wind energy turbines is growing, and these options often come cheap as compared to their counterparts that help in the growth of the industry. The demand for lightweight material is also increasing in the world which allows growth opportunities for the polymer-coated fabrics market.

The cost of application of polymer-coated markets is significantly high and it offers very less profit in exchange. This is one of the major drawbacks of the worldwide industry concerning manufacturers. In addition to this, there are plenty of substitutes available for polymer-coated fabrics in the form of composites. These factors are likely to hinder the expansion of the market in the outlook period.

POLYMER COATED FABRICS MARKET REPORT COVERAGE:

Polymer-Coated Fabrics Market Segmentation:

Polymer Coated Fabrics Market - By Polymer Type:

• Polyvinyl Chloride

• Polyurethane

• Polyethylene

The polyurethane-coated fabrics segment is forecasted to register the highest growth in, terms of value and volume during the forecast period of 2020 to 2025. PU-coated fabrics have superior properties such as transparency, elasticity, oil resistance, resistance to grease, and abrasion. They are especially preferred if there is a requirement for uncommon impact and abrasion resistance. They are majorly employed in the making of consumer goods like luggage, footwear, rainwear, waterproof clothing, upholstery, mattress covers, gloves, inflatable boats, recreational items, and so on. Phosphates are among the most effective stabilizers. This is because they protect both primary antioxidants as well as polymers during processing.

Polymer Coated Fabrics Market - By Application:

• Automotive

• Seating and Furniture

• Transportation

• Roofing

• Protective Clothing

The transportation end-use industry segment of the Polymer Coated Fabrics market is projected to grow at the highest CAGR from 2020 to 2025. The growth of the transportation end-use industry segment of the market is attributed to the increasing demand for Polymer Coated Fabrics for automotive applications. Factors, such as improvement in the lifestyle of the people and the growing need for comfortable travel are also contributing to the growth of the automotive industry across the globe, which, in turn, is expected to bolster the growth of the transportation end-use segment of the Polymer Coated Fabrics market during the foreseen period.

Polymer Coated Fabrics Market - By Region:

• North America

• Europe

• Asia Pacific 

• Latin America 

• Middle East and Africa 

North America is the largest market for Polymer Coated Fabrics, in terms of value and volume in the review period. The growth of the Polymer Coated Fabrics market in the region is primarily attributed to established industries such as automotive and coatings. Countries like the USA, Canada, and Mexico have increased their expenditure on transportation departments of their countries.

The Asia Pacific (APAC) is projected to be the fastest-growing Polymer Coated Fabrics market, in terms of value, during the envisioned period. Factors, such as the increasing population in the countries like India and China, and the rising need for comfortable travel are majorly contributing to the growth of the automotive industry across the area, which, in turn, is supposed to drive the demand in the local Polymer Coated Fabrics market during the projection period.

Polymer-Coated Fabrics Market Key Players:

• Saint Gobain SA

• Trelleborg AB

• Valspar

• Toyochem

• DuPont

• Constantia Flexibles GmbH

Impact of COVID-19 on the Global Polymer-Coated Fabrics Market

Coronavirus has caused severe challenges to the polymer-coated fabrics market with the halt of activities in the automotive, construction, and other related end-user verticals. Major economies of North America and of the world are affected due to the pandemic that resulted in a slowdown in activities across the industries that use these fabrics. For instance, the stagnation of the automobile industry has resulted in a lack of demand for coating materials as sales have gone below an all-time low. The impact is expected to last till the end of 2021. The polymer-coated fabrics market is expected to recover from 2021 onwards with activities in industrial production and transportation services, which will be getting back on track and functioning at full capacity.