Global Coated Fabrics Market – Overview
The Coated Fabrics Market is showing substantial potential in achieving an impressive CAGR between 2021 and 2030, declares Market Research Future (MRFR). The market has substantial growth possibilities that if explored properly can trigger better growth rate in the coming days.
Coated fabrics can be described as textile materials that can be treated, and then coated or covered with diverse types of materials that includes rubber, polymers, and others. These coated fabrics are known for their better physical and mechanical properties that includes elongation, elasticity, tensile strength, and wear resistance. The coating depends on the product application. The global market growth for the coated fabrics is expected to climb significant heights due to the increasing intake of the product in the automobile sector. The segment gains notably by having significant percolation in the making process of car mats, airbags, seating upholstery, covers, and others. These coated fabrics often find better growth by using high end products and percolating into sectors where the demand for such products is quite high. These protective clothing can find significant military applications as their tensile strength is quite high. Also, the better aesthetic standards can inspire better market growth. This can come at a reasonable cost. The construction industry can significantly provide traction to the global market growth. But the dwindling price of the raw materials can influence better market growth in the coming years. In the interior decoration, the coated fabrics market is witnessing significant market influx. However, the market for the coated fabrics can find ingress into several other sectors. The growing investment in the research and development sector can impact the market as well by expanding its scope into inkjet deposition, plasma coatings, nanomaterial, and others.
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Global Coated Fabrics Market – Prominent Players
Omnova Solutions inc (U.S.),Takata Corporation (Japan),Saint-Gobain (France),Sioen Industries NV (Belgium),Mauritzon Inc (U.S.) ,ContiTech AG (Germany),Isotex S.p.A. (Italy),Graniteville Specialty Fabrics (U.S.),Serge Ferrari Group (France),Heytex Bramsche GmbH (Germany),Trelleborg AB (Sweden).
Also, growing construction activities across the globe are expected to contribute to market revenues. A spurting growth in the automotive and transportation industry is acting as a key driving force for the market growth. Additionally, factors such as the advancements in coating technology, growth in the paints & coatings sectors, and untapped or disuse markets are generating a huge market demand.
Also, coated fabrics make a great choice for wearable light-emitting devices. The ability to power wearable light-emitting devices without bulky energy generators and storage systems remains a major obstacle in the way of incorporating these wearable devices into everyday life. The chemical stability and safety for skin that metal-coated clothing offers make it an excellent choice for wearable materials.
On the other hand, fluctuating prices and the demand-supply gap of the raw materials required for the production of coated fabrics are impeding the growth of the market. Also, stringent regulations pertaining to the coated fabrics production, alongside the highly capital intensive nature of the market is projected to hamper the market increase, barring the entry for new market participants.
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Coated Fabrics Market – Segments:
The global coated fabrics market can be understood from a simplified analysis of various segments like product type and application. This would significantly allow the market for coated fabrics to percolate in the coming years.
By product type, the market for coated fabrics has been segmented into rubber coated fabrics, polymer coated fabrics, and fabric backed wall coverings. The polymer coated fabric segment is witnessing significant growth.
By application, the market report for coated fabrics involves construction, protective clothing, transportation, furniture, industrial, and others. The transportation segment is banking on a significant hike for growth in the coming days.
Coated Fabrics Market – Regional Analysis:
Asia Pacific dominates the global coated fabrics market, mainly due to the growing automobile production in the region. Additionally, the rapid industrialization in the region is providing a considerable impetus to market growth, creating a massive demand for protective clothing. Besides, developing infrastructures, growing per capita income of the population, and increasing urbanization in the region, fosters the growth of the market.
Moreover, strict regulations for industrial safety implemented by the Fire Safety Forum Asia (FFSA), alongside other norms such as the Industries Development and Regulation Act of India, provide substantial growth opportunities to the coated fabrics market. The APAC coated fabrics market is estimated to retain its leading position throughout the assessment period.
North America stands second in the global coated fabrics market, primarily due to the increasing number of industries in the region. Besides, the average population growth in the region is generating a huge demand for energy. Subsequently, there is a massive growth in energy production (E&P) activities, deep drilling activities, and shale gas exploration activities, which, as a result, increases the demand for clothing with fire-protection coating. The US coated fabrics market, heading with the recent shale gas boom and stringent FDA regulation, drives a massive share of the regional market, augmenting the protective clothing applications.
The European coated fabrics market is growing vigorously, primarily due to the presence of major automakers in the region. Moreover, increasing the production of passenger vehicles is estimated to propel the regional market growth further. Substantial advancements in coating technologies, alongside the increasing government support for R&D, and stringent regulations for worker’s safety, foster the growth of the regional market. The coated fabrics market in Europe is expected to grow at a decent CAGR during the forecast period.
Industry/ Innovation/ Related News:
March 05, 2020 — Scientists at surface & materials chemistry dept., University of Windsor (Canada), announced the development of light-emitting clothing made with stretchable, gold-coated fabric, which could be used to make the ultimate safety garments. In the magazine, Journal Matter, researchers explain that they decided to use a typical ultrasheer pantyhose as the transparent conductor, which is needed in all light-emitting devices as their proposal involves applying electroless nickel-immersion gold metallization.
The solution-based metal-deposition technique is often used to make printed circuit boards, and it only deposits metal on nylon and spandex fiber surfaces. The gold coated on the fabric acts as an electrode and sends power to a light-emitting material made of zinc sulfide, copper, and silicone, which shines through the semi-transparent, flexible fabric.
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