Coated Fabrics Market

Updated on : October 25, 2024

Coated Fabrics Market

The global coated fabrics market was valued at USD 23.7 billion in 2022 and is projected to reach USD 29.8 billion by 2028, growing at 3.9% cagr from 2023 to 2028. A key factor contributing to the optimistic growth projection of the coated fabrics market is the increased focus on safety measures and rigorous regulations concerning worker safety in industries such as automotive, chemical, and oil & gas. Additionally, the rising demand for environmentally friendly materials is driving the coated fabrics market forward. Coated fabrics present a sustainable alternative, as they can be produced from various materials, including natural fibers like cotton and hemp, as well as recycled materials like plastic bottles. Owing to these factors, the coated fabrics market is well-positioned for steady and sustainable growth.

Coated Fabrics Market Forecast & Trends

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Coated Fabrics Market Dynamics

Driver: Growing demand for increased safety measures in vehicles, aircraft, and other forms of transportation

Due to rapid population growth in different regions, there has been a significant increase in the demand for transportation and automotive production. Coated fabrics are used as safety benefits in transportation applications to improve safety and performance. for example coated fabrics are effectively used  in airbags, which offers safety features in vehicles and aircraft. In order to meet the rising demand from automotive industries there is a need to increase coated farbics production. This is a crucial driving factor behind the demand for coated farbics.

Restraints: substitutes available for coated fabrics.

Coated fabrics are employed in a variety of industries, including automotive, construction, healthcare, and defense due to their attributes of durability, water resistance, and UV protection, coated fabrics. For coated fabrics, a wide range of alternatives are available. Alternative materials, such as metals or ceramics, may be utilized in place of coated fabrics in some industrial applications. However, coated fabric is used for superior performance compared to its alternatives because it can display enhanced features like increased strength and water resistance.

Opportunities: growing development of new technologies

Coated fabrics can perform more effective, last for a longer period, and function better due to technological developments, which may increase their market value and attraction to consumers. Manufacturers are now able to create innovative products with better qualities including durability, resistance to chemicals and UV radiation, and improved aesthetics because of the development of new coating technologies and materials. Such factor can raise the demand for coated farbics.

Challenges: Dumping of coated fabrics

Coated fabrics are typically made of polymers, which poses a significant environmental hazard, given the low global recycling rate compared to production. As coated materials cannot be easily recycled, it poses a serious threat to the environment. Even with the use of high pressure and temperature, the waste produced after the use of coated fabrics cannot be recycled. This is due to the heterogeneous nature of the polymers employed in the production of coating and fiber compounds, making it difficult to properly mix them to recycle products.

Coated Fabrics Market Ecosystem

Prominent companies in this market include well-established, financially stable coated fabrics. These businesses have been in business for a while and have a extensive range of products, pioneering technologies, and strong international sales and marketing networks. Top companies in this market include Continental AG (Germany), Trelleborg AB (Sweden), Serge Ferrari Group (France), Saint-Gobain S.A. (France), Freudenberg Group (Germany).

Based on application, Transportaion is projected to be the largest market for coated fabrics, in terms of value, during the forecast period.

Transportation is the largest application for coated fabrics due to high demand of polymer- and rubber-coated fabrics in automobiles, aircraft, railways, and marines. Coated fabrics helps to reduce the weight of vehicles, which leads to lower emissions of CO2.Coated farbics are mostly used in transpotation application for its  propeties like rot-proof, dirt & oil-repellency, mildew, water and UV resistancy.  Coated fabrics enhance the material duration and make it withstand with any weather conditions for automotive applications.

Based on Product type, Vinyl-coated fabrics was the largest segment in polymer-coated fabrics for coated fabrics market, in terms of value, in 2022.

Due to its qualities including adaptability, affordability, and durability, It is an ideal product for coated fabrics. However, the production of vinyl is also accompanied by environmental concerns. These fabrics are created by applying vinyl coatings to them. Polyvinyl chloride (PVC), usually known as vinyl, is a synthetic plastic substance created using fossil fuels. These type of fabrics are used in seat upholstery, protective clothing, aprons, and other industrial applications.

“Asia Pacific accounted for the largest market share for coated fabrics market, in terms of value, in 2022”

In terms of value, Asia Pacific was the largest market for coated fabrics in the year 2022, followed by Europe. This is due to the rise in population particularly in China and India. Significant growth in industrialization, infrastructures and high economic growth expected increase the  utilization of coated fabrics in these countries.  Also the stringent government regulations in Asia Pacific region gives boost to coated farbics market.

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Coating Fabrics Market Players

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). and among others, are the key manufacturers that holds major market share in the last few years. Major focus was given to the acquisition, innovation and new product development due to the changing requirements of users across the world.

Coating Fabrics Market Report Scope

This report categorizes the global coated fabrics market based on product type, application, and region.

On the basis of Product type, the coated fabrics market has been segmented as follows:

• Polymer-coated Fabrics
• Vinyl-coated Fabrics
• PU-coated Fabrics
• PE-coated Fabrics
• Rubber-coated Fabrics
• Fabric-backed Wall Coverings

On the basis of application, the coated fabrics market has been segmented as follows:

• Transportation
• Protective Clothings
• Industrial
• Roofing, Awnings and Canopies
• Furniture & Seatings
• Others

On the basis of region, the coated fabrics market has been segmented as follows:

• Asia Pacific
• North America
• Europe
• Middle East & Arica
• South America

Recent Developments

• In December 2021, Trelleborg AB has acquired a division of the US-based, privately owned company Alpha Engineered Composites. It is an operation in polymer coated fabrics used in niche applications.
• In November 2022, Trelleborg focused on innovation in healthcare & medical textiles. Dartex Zoned Coatings fabric was the one of its recent product launches. Its fabric allows different combinations of expand properties across its surface without switching the textile.
• In May 2020, Continental AG has innovated timing belts that are applicable in wind turbines in place of gearboxes. The fabric used in timing belts is effective in wear and tear propety ensuring a stable structure  and reduces noise.

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