Coated Fabric Market Demand Analysis in 2019, Global Revenue, Top Companies Growth Forecast to 2026
The global coated fabric market share is likely to gain
impetus from their rising utilization in producing military wear and protective
clothing worldwide. Besides, the ongoing number of construction projects owing
to the increasing investments in chemical, oil and gas, infrastructure, and
automotive and transportation industries would affect the market positively.
This information is given by Fortune Business Insights™ in
a recently published report, titled, “Coated Fabric Market Size,
Share and Industry Analysis, by Product (Polymer Coated Fabric, Rubber Coated
Fabric, and Fabric Backed Wall Coverings), By Application (Protective Clothing,
Transportation, Furniture, Industrial, and Others) and Regional Forecast,
2019-2026.” The report further states that the coated fabric
market size stood at USD 34.89 billion in 2018. It is
anticipated to reach USD 49.41 billion by 2026, exhibiting
a CAGR of 4.5% during the forecast period.
An Overview of the Impact of COVID-19 on this Market:
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thriving. Overall, almost every sector is anticipated to be impacted by the
pandemic.
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Highlights of the Report
- Elaborate
information about the coated fabric market trends, opportunities, and
challenges.
- In-depth
information about the dominating regions present in the market.
- List of all the
segments.
- Competitive
landscape consisting of innovative product launches, agreements,
contracts, collaborations, mergers and acquisitions, and investments.
Fortune Business Insights™ provides a list of all the companies
operating in the coated fabric market. They are as follows;
- B&V Membrane
- SRF Limited
- Low & Bonar
- Fothergill Group
- J K Texbond Pvt.
Ltd.
- Trelleborg
- Ajy Tech India
Pvt. Ltd.
- CANADIAN GENERAL
TOWER
- Sioen Industries
NV
- Saint-Gobain
Performance Plastics
- Bobet Group
- MarvelVinyls
- Other prominent
key players
Drivers & Restraints:
Increasing Automotive Production to Propel Growth
Coated fabrics are majorly used in vehicles to improve the feel
and appearance of their interior. Varnish or oil finishes, plastics, lacquer,
rubber, PVC, and resins are some of the materials that are extensively used to
process or coat fabric. Automotive coated fabric is oil-repellent, rot-proof,
UV resistant, water resistant, and anti-corrosive. Nowadays, numerous
automotive manufacturers are using OMNAVA coated fabric upholsteries to enhance
a vehicle’s performance, provide impressive design, excellent touch, durable
performance, low emissions, and environmental features. OMNOVA delivers auto
OEMs superior quality fabric. Overall, increasing production of automotive and
rising per capita income are set to augment the coated fabrics market growth in
the coming years. However, fluctuations in the prices of raw materials may
hinder the market growth.
Competitive Landscape:
Key Players Aim to Strengthen Position through Strategic Partnerships
The market is highly competitive. Renowned organizations are
mainly aiming to gain the maximum share by adopting the strategy of
collaboration and partnership. Companies, such as Saint-Gobain Performance
Plastics, Trelleborg, Fothergill Group, and SRF Limited are the dominant
companies in terms of share.
Segmentation:
Government Rules Regarding Vehicle Safety to Favor Growth of
Transportation Segment
Based on application, the market is fragmented into industrial,
furniture, transportation, protective clothing, and others. Out of these, the
transportation segment is projected to generate the largest coated fabrics
market share during the forthcoming period fueled by the ongoing development in
rail and road transportation, as well as surging sales of automobiles. These
products are used the most in the automotive sector for making interiors, air
bags, seats, roofing, and seat belts. Above that, the governments of several
countries are putting forward various strict norms and regulations regarding
vehicle safety and security. It is, in turn, aiding the manufacturers in
installing air bags in every vehicle. Also, high demand for passenger and
commercial vehicles would spur growth of this segment. The protective clothing
segment held a share of 18.70% in 2018.
Regional Analysis:
Asia Pacific to Lead Backed by Growth of Construction Industry
In terms of region, the market is classified into Latin America,
North America, the Middle East and Africa, Europe, and Asia Pacific. Amongst
these, in 2018, North America procured USD 7.3 billion coated fabrics market
revenue. This growth is attributable to the upsurging demand for protective
clothing from chemical and pharmaceutical industries. Apart from that, the FDA
has imposed strict rules and regulations. In Canada and the U.S., increasing
usage of protective clothing and industrial machinery applications has given
rise to rapid industrialization.
Asia Pacific, on the other hand, is set to lead the market
throughout the forecast period because of the expansion of the construction
industry. China is the main growth contributor as it is considered to be the
prominent producer of motor vehicles, upholstered furniture, accessories, and
apparels. India is also showcasing high industrialization owing to the
existence of several reputed manufacturing companies. In Europe, the market
would grow considerably in the coming years because of the rising production of
automotive in the U.K. and Germany.
Detailed Table of Content:
- Introduction
- Research Scope
- Market
Segmentation
- Research
Methodology
- Definitions and
Assumptions
- Executive
Summary
- Market Dynamics
- Market Drivers
- Market
Restraints
- Market
Opportunities
- Key Insights
- Key Emerging
Trends in Global Market
- Latest
Technological Advancements
- Insights on
Regulatory Scenario
- Porters Five
Forces Analysis
- Key
developments: Acquisition, Collaboration, Strategic Partnership, and
Joint Venture
- Coated Fabric
Market Analysis, Insights and Forecast – By Product
- Key Findings
- Market
Analysis, Insights and Forecast – By Product
- Polymer Coated
Fabric
- Rubber Coated
Fabric
- Fabric Backed
Wall Coverings
TOC Continued….!
Below are a couple of the crucial industry developments:
- May 2019: Spradling
International Marine, a provider of high quality vinyl products
headquartered in Alabama, teamed up with Pletcher Sales, a textiles
company based in Indiana. It would enable the latter in providing interior
solutions and coated fabrics to the recreational vehicle (RV) industry.
- July 2018: Trelleborg AB,
an engineering group based in Sweden, completed the acquisition of
Laminating Coating Technologies, Inc., a privately owned company
headquartered in the U.S. This acquisition would help the former in
strengthening its position in the market, as well as improve the company’s
product offering.
Browse Summary of This Research:
https://www.fortunebusinessinsights.com/coated-fabric-market-102546
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