Coated Fabrics Market Size 2021 | Industry Statistics, Emerging Technologies, Business Challenges, Covid-19 Outbreak, Segmentation, Explosive Factors of Revenue Expansion & Strategies 2025
May 3, 2021
Global coated fabrics market size is projected to reach a valuation of USD 29.52 billion by 2025, driven by the increased demand from end-use applications.
Dallas, United States - May 3, 2021 /MarketersMedia/ —
Increasing awareness regarding the beneficial properties of the coating fabrics such as high water resistance, high superiority, greater insulation, no stickiness and properties of temperature management are the major factors that are increasing popularity of the product in several industries and factories for various purposes, which is further fueling the growth of global coated fabrics market over the coming years. Moreover, increasing number of businesses, factories and industries in several regions mainly due to the rising requirement of catering the growing population as well as surging urbanization as well as migration in various places in search of opportunities and educational facilities is also fueling the expansion of the global coated fabrics market in the coming years.
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Further, the rise in transport sector to carry items and several food and beverages across several locations along with the rise in transportation facilities and growing tourism and travel sector are further fueling the market growth in the coming years. These materials such as polymers are majorly used in the automobile industry as well as transport sector to make seats, belts, and other parts along with its applications in airplanes and for making equipment used for water sports such as boats, rafts, kayakis and others are further creating opportunities for the growth of global coated fabrics market over the coming years.
However, awareness regarding the number of toxic substances that are emitted from these items are likely to hamper the industry growth as people are seeking new alternatives to these products using the research and development facilities which is further fueling the growth of the global coated fabrics market over the analysis time frame.
Based on geographical analysis, the market is divided into China, UAE, Netherlands, Saudi Arabia, Belgium, India, France, China, Europe, Thailand, USA, Switzerland, South UK, Columbia, Spain, Italy, Canada, Turkey, Korea, Nigeria, Sweden, Egypt, United States, Philippines, Chile, Australia, Poland, Germany, and rest of the world.
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Geographically, coated fabrics market trends differ across the regions. North America is projected to cross USD 5 billion by 2025. The U.S. coated fabrics market is likely to dominate the region during the forecast period. This growth is assisted by the rise in motor vehicle production, the largest application for coated fabrics. In addition, renewed economic growth, increased production output and a rebound in construction activity will offer opportunities for growth. Increased spending on protective clothing for military personnel and industrial machinery applications is another key driving factor behind the growth of the coated fabrics market in the region.
The nature of the global coated fabrics market is marked by the presence of a large number of established players. OMNOVA Solutions Inc., ContiTech AG, Mauritzon, Inc., Saint-Gobain S.A., Canadian General Tower, Sioen Industries NV, Graniteville, SRF Limited, Spradling International, Inc., Low & Bonar, Highland Industries are some of the key players operating in the market.
Key segments of the Global Coated Fabrics market
Product Overview, 2015-2025 (Million Square Meters) (USD Million)
• Polymer
• Rubber
• Fabric backed wall coverings
Application Overview, 2015-2025 (Million Square Meters) (USD Million)
• Transportation
• Protective Clothing
• Industrial
• Furniture
• Others
Regional Over view, 2015-2025 (Million Square Meters) (USD Million)
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Rest of Europe
• Asia Pacific
o India
o Japan
o China
o Australia
o Rest of APAC
• Rest of the World
Key Players analysed in the report include
• OMNOVA Solutions Inc.
• ContiTech AG
• Saint-Gobain S.A.
• SRF Limited
• Spradling International, Inc.
• Others
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