According to a recent study by Emergen Research, the global Coated Fabric Market size in 2022 was USD 41.99 Billion. It is projected to show a revenue compound annual growth rate (CAGR) of 3.8% over the forecast period. Emergen Research is a reputable firm specializing in market research and consulting services. The company delivers comprehensive solutions, including syndicated research reports, tailored research studies, and expert consulting assistance.
The coated fabric market on a worldwide scale exhibits a notable degree of fragmentation, whereby a significant proportion of market revenue is attributed to several players of substantial size and medium scale. The worldwide coated fabric market study highlights many prominent participants, including SRF Limited, JK Texbond, BVMembranes, AJY Tech India Pvt. Ltd., and MarvelVinyls.
Several notable points may be highlighted, such as the projected market size of USD 41.99 billion in 2022 and the CAGR from 2023 to 2032. The projected revenue for the period up to 2032 is estimated to be USD 61.26 billion, with a growth rate of 3.8%. The base year for this calculation is 2022.
The market revenue growth is mainly driven by the increasing demand for protective gear and the emergence of trends in electric cars. Coated textiles provide barrier qualities that give protection against liquids, gases, and particles. Protective gear is essential in many occupational settings, such as medical professionals, hazardous material handlers, and those working in cleanrooms or sterile environments. Furthermore, it is possible to design coated materials that provide comfort and breathability, crucial for ensuring the well-being of those wearing protective garments for prolonged durations. Sophisticated coatings enable adequate moisture and temperature control, mitigating the wearer’s discomfort and minimizing the risk of heat stress.
