Coated fabrics market to grow at 5.1 % CAGR through 2031. Global coated fabrics market is set to be valued at US$ 19,976.7 Mn in 2021. Coated fabrics are woven or non-woven cloth with a specialized coating that’s applied to the surface of the material, or saturated into the material’s bulk.
The coating is usually a polymer or elastomer that imparts particular properties, such as resistance to water, mildew, or sunlight. Coated fabrics and laminated fabrics are used in sewn fabric dunnage to help protect parts during packaging, shipping, and assembly.
Part shapes, sizes, and surfaces vary, as rack bag designers generally want fabric dunnage materials that are strong, lightweight, and long-lasting. Coated fabrics market has witnessed substantial growth in the last few years.
This growth is projected to continue over the next years due to increase in the population around the globe and use of coated fabric in day to day life for various activities. Considering this, increase in population and other activities will create scope for application, encouraging growth in the coming years.
What are the Historical and Future Prospects for Coated Fabrics Market?
Choosing coated fabrics for particular purpose has always been one of the prime concerns of end users. Scope of standard coated fabrics for specific purpose has been difficult for end users, hence manufacturers have increased the number of specific purpose built coated fabrics to fulfil end-use requirements.
Demand for commercial tents and protective clothing will boost the coated fabrics market. Some of the leading coated fabrics manufacturers already have started producing specific purpose coated fabrics in the market and several others are likely to follow the suit to keep pace with dynamic environment.
Coated fabrics have been consistently employed for maintaining the demand from the end users as its parent market i.e., fabric plays a vital part in today’s era. Owing to the ongoing crisis caused by COVID-19 pandemic, the production and supply chain activities have seen a minor slump yet the condition will improve with the economic recovery post the containment.
With a number of end users affected in regions such as East Asia, Europe and Asia-Pacific, the supply is expected to result in a significant drop in Y-O-Y growth yet Future Market Insights projects global coated fabrics market to grow at 5.1 % CAGR through 2031.
What is the Commercial Potential of Coated Fabrics Market?
Coated Fabrics are used in day to day life for various purposes, for instance it is used in commercial tents. The rising demand from automotive industry and for protective clothing is resulting in the expansion of coated fabrics material market.
Leading manufacturers are investing in research and development activities of coated fabrics, especially in terms of material used for coated fabrics. Competitive price offering, increase in end user satisfaction on the performance, economical products are the end results of the R&D activities.
Moreover, establishing sales and service facilities in emerging countries coupled with long term partnerships with regional distributors also paves the way for the expansion of channel reach.
What is the Regulatory Impact on Coated Fabrics Sales?
Implementation of stringent regulations by governments Pollution Control Agency, Environmental Protection Agency, Kano State Environmental Planning and Protection Agency, and others are expected to have considerable impact on the coated fabrics market. These regulations have made it necessary for manufacturers to invest heavily in new technologies. This is done in order to curb emission of volatile organic compound during the production of coated fabrics. The implementation of emission control norms will therefore have significant impact on the coated fabrics market.
Why are Specific Purpose Coated Fabrics in High Demand?
Growing awareness about environmental hazards faced during any particular operation is resulting in a rising demand for coated fabrics material market. Furthermore, the growing demand from industrial application has a positive influence on the growth of the coated fabrics material market. Companies are launching particular purpose coated fabric to grow their user base.
Due to the growing expenditure on protection from various activities, growing of numbers of working individuals around the world, rising of the consumer disposable income levels is estimated to have a positive influence on the growth of the coated fabrics material market. Due to the rise in safety measures in automobile industry, weight on performance, and developments in technology which in turn has made the coated fabrics gain immense popularity in transportation segment.
How Big is the Opportunity for Coated Fabrics Sales in the U.S.?
The presence of some of the leading players will continue supporting growth in the U.S. Implementation of stringent regulations by organizations such as Occupational Safety and Health Administration aimed at curbing the risk of accidents in workplaces and ensuring safer environment will fuel the demand for protective clothing. This will in turn drive coated fabrics sales in the U.S.
Coated Fabrics Market Competitive Landscape
The coated fabrics market is moderately competitive. Some of the players are focusing to carve a niche for specific demography. The market players are showing interest in partnerships throughout the value chain, with focus on innovations. Besides this, the companies are focusing on the expansion of their product portfolio to gain competitive edge.
For instance, Archroma, a worldwide leader in color and specialty chemicals towards sustainable solutions has introduced at the recent ITMA exhibition its latest Lurapret N5396 & N5392 liq, a water–based ultra-low VOC polyurethane (PU) polymer coating technology.
Bayer Material Science, one of the worlds dominating polymer producers declares the introduction of INSQIN, a novel turnkey solution for the latest generation of polyurethane (PU) coated fabrics. The introduction sets a new chapter in the footwear and apparel segment, in which Bayer offers brand owners an integrated package of pure waterborne PU technology, material co-development and a certified manufacturer partner program for PU coated fabrics, making a new way of value chain partner.
Some of the leading companies operating in the Coated Fabrics Market are:
- Saint Gobain S.A
- Bayer AG
- PPG Industries
- 3M Company
- Valspar Corporation
- BASF SE Paints
- Nippon Paints
- Others
