Textile Coatings Market

In terms of value, textile coatings market size is projected to increase from USD 4.4 billion in 2023 to USD 5.4 billion by 2028, at a CAGR of 4.6%.  Textile coatings play a crucial role in augmenting the value of textile materials by extending their longevity, preserving aesthetic appeal, and providing enhanced performance and protective features. As industry demand continues to grow, textile coating technologies consistently evolve and innovate to meet these increasing requirements. Textile coatings are chemicals that provide additional properties such as fire resistance, waterproofing, anti-scratch, anti-abrasion, soil & stain repellence, heat stability, and breathability and are widely used in various industries like transportation, building & construction, protective clothing, industrial, medical, and other end-use industries.

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Market Dynamics

Driver: Advancement in coating technologies

The continuous advancement in coating technologies in developing nations acts as a driving force for the textile coatings market. These advancements have introduced a range of possibilities and functionalities that were previously unattainable. With ongoing research and development efforts, novel coating technologies have emerged, such as nanotechnology-based coatings, breathable coatings, self-cleaning formulations, and eco-friendly solutions. The continuous progress in coating technologies not only addresses the current demands of the market but also opens doors for further innovation, driving the growth and competitiveness of the textile coatings industry.

Restraints: Threat from bio-based alternatives

The presence of bio-based alternatives to textile coatings, offering comparable or better properties like biodegradability, and low carbon footprint, acts as a challenge for the textile coatings market. Materials that are derived from plant-based sources or biopolymers, pose a threat to the market dominance of conventional coatings, impacting the market share of textile coatings and prompting the need for innovation and sustainability improvements within the textile coatings sector to stay competitive.

Opportunities: Growing demand for functional textiles

The textile coating market benefits from the increasing demand for aesthetically appealing wearables. Coatings can be designed to offer customizable appearances, patterns, and textures, catering to the preferences of consumers who seek both functionality and style in their wearable devices. Smart textiles, integrated with wearable technology, are revolutionizing various industries by combining functionality, comfort, and innovation. Textile coatings play a pivotal role in enhancing the capabilities of these smart fabrics, opening a spectrum of possibilities.

Challenges: Textile waste and recycling

The challenge of textile waste and recycling presents a significant challenge for the textile coatings market. Textile coatings often contain various chemical compounds and polymers that can complicate the recycling process. The presence of these coatings on fabrics makes it challenging to efficiently recycle or repurpose textile materials, thereby contributing to the growing problem of textile waste. This complexity creates hurdles in establishing efficient recycling methods for coated textiles, limiting the potential for circularity within the industry.

Textile Coatings Market Ecosystem

Prominent companies in this market include well-established textile coatings manufacturers. These businesses have been in business for a while and have an extensive range of products, pioneering technologies, and strong international sales and marketing networks. Top companies in this market include Covestro AG (Germany), Solvay SA (Belgium), BASF SE (Germany), Sumitomo Chemical Co., Ltd. (Japan), The Lubrizol Corporation (US), Clariant AG (Switzerland), TANATEX Chemicals B.V. (Netherlands), Huntsman International LLC (US), OMNOVA North America Inc. (US), Formulated Polymer Products Ltd. (UK), Arkema SA (France).

“Based on type, thermoplastic  is estimated to be the largest type for textile coatings market in 2022, in terms of value.”

The thermoplastic segment retained its significance as a primary type for textile coatings in 2022. This dominance is projected to continue during the forecast period, owing to increasing usage in transportation, building & construction, protective clothing, industrial, medical, and other end-use industries. The adaptability of thermoplastic coatings in factors such as texture, thickness, and overall performance, making these coatings suitable for a wide array of textile products. Developing infrastructure worldwide and increasing demand for sustainable materials in the construction industry are also fueling the growth of thermoplastic segment. Although its dominance in thermoplastics, textile coatings also found widespread usage in diverse sectors, showcasing its versatility and importance across multiple applications such as thermoset, and other types.

“Based on end-use industry, transportation segment is estimated to be the largest market for textile coatings market, in terms of value, in 2022.”

The transportation segment stood out as a primary end-use industry for textile coatings, driven by its widespread application in need for protective, durable, and aesthetically appealing materials in vehicle interiors, seat covers, and aircraft components that propelled the prominence of textile coatings within the transportation sector. The quest for fuel efficiency has led to a growing preference for lightweight materials in vehicle design. This not only aids in achieving better fuel economy but also contributes to lower greenhouse gas emissions, aligning with global efforts to mitigate the environmental impact of transportation. However, while transportation dominates textile coatings usage, its versatility extends to multiple industries, highlighting its significance beyond transportation applications.

“Asia Pacific is estimated to be the largest region in textile coatings market in 2022, in terms of value.”

Asia Pacific is estimated to maintain its position as the largest region for textile coatings due to several factors. Textile coatings find applications in architectural fabrics, awnings, and geotextiles, contributing to sustainable and technologically advanced solutions for the construction industry. Additionally, Asia Pacific exhibits a robust textile manufacturing base, with countries like China and India being major players in the global textile industry. The presence of a well-established textile ecosystem, combined with increasing investments in research and development, fosters innovation in textile coatings. This, in turn, supports the growth of the textile coatings market as manufacturers strive to meet the diverse needs of different industries.

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Key Market Players

The key players profiled in the report include Covestro AG (Germany), Solvay SA (Belgium), BASF SE (Germany), Sumitomo Chemical Co., Ltd. (Japan), The Lubrizol Corporation (US) among others, are the key manufacturers that holds major market share in the last few years. A major focus was given to collaborations, partnerships, and new product development due to the changing requirements of users across the world.

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Scope of the Report

This report categorizes the global textile coatings market based on application, end-use industry, and region.

Based on type, the textile coatings market has been segmented as follows:

• Thermoplastic
• PVC
• PU
• Acrylic
• Other Thermoplastic
• Thermoset
• Natural Rubber
• SBR
• Other Thermoset
• Other Types
• Silicone
• Fluoropolymer

Based on end-use industry, the textile coatings market has been segmented as follows: 

• Transportation
• Airbag Fabric
• Automotive Upholstery
• Other Transportation
• Building & Construction
• Hoarding & Signage
• Scaffolding Net
• Canopie & Awning
• Architectural Membrane
• Other Building & Construction
• Protective Clothing
• Ballistic Protective Clothing
• NBC Suit
• Chemical Protective Clothing
• Industrial
• Fabric Filter
• Other Industrial
• Medical
• Extracorporeal Device
• Implantable & Non-Implantable Device
• Other End-use Industries
• Packaging
• Sports/Leisure
• Agriculture
• Eco-Textile

Based on region, the textile coatings market has been segmented as follows:

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

Recent Developments

• In 2023, Covestro AG launched a new partially bio-based polyurethane (PU) dispersion for textile coating, Impranil CQ DLU, that is a green alternative to fossil raw materials.
• In 2023, TANATEX Chemicals B.V. acquired New Tanatex S.p.A. Through this acquisition, the company broadens the Italian market by expanding the laboratory facilities and achieving better understanding of market requirement.
• In 2021, Covestro AG has announced its acquisition of DSM resins & functional materials business. Through this acquisition, the company expanded its portfolio in the attractive growth market for sustainable coating resins.

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