Global Coated Fabrics Market Share Is Likely To Grow At A CAGR Value Of Around 3.7% By 2028

12-Apr-2022 | Facts and Factors

The global coated fabrics market was worth around USD 25,196.5 million in 2021 and is estimated to grow to about USD 31,333.7 million by 2028, with a compound annual growth rate (CAGR) of approximately 3.7% over the forecast period. The report analyzes the coated fabrics market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the coated fabrics market.

Global Coated Fabrics Market Size

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Coated fabrics are crucial in manufacturing specialized protective clothing that is designed for specific applications. Increasing demand for protective clothing is expected to be the major driver for the coated fabrics market over the forecast period. Increasing use in military and defense applications is also expected to boost the demand for coated fabrics through 2028.

Browse the full “Coated Fabrics Market By Product (Polymer-coated Fabric, Vinyl-coated Fabric, PU-coated Fabric, PE-coated Fabric, Others, Rubber-coated Fabric, Fabric-backed Wall Coverings), By Application (Transportation, Protective Clothing, Industrial, Roofing, Awnings & Canopies, Furniture & Seating, Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast 2022 – 2028” report at https://www.fnfresearch.com/coated-fabrics-market

Rapid industrialization across the world has also benefited the coated fabrics market potential and is expected to be a prominent trend over the forecast period. Increasing investments in automotive and chemical industries are also expected to bolster demand for coated fabrics over the forecast period.

The environmental hazards associated with the use of toxic chemicals in the production and formulation of coated fabrics are expected to have a hampering effect on the global coated fabrics market potential.  Coated fabrics companies are expected to invest in research and development of new products that will be more compliant with the sustainability trend. Increasing implementation of stringent norms for coated fabrics is also expected to have a hampering effect on the coated fabrics market scope over the eth forecast period.

The pandemic of 2020 led to a downfall in the coated fabrics market stance and this trend was eminent in 2020 and early 2021. Closure of industrial and manufacturing facilities and lockdown restrictions across the world led to a major drop in the coated fabrics growth trend. Lapses in the logistics chain and shortage of raw materials were also factors that restrained the coated fabrics market growth.

However, as the industrial activity returns to normal we are expecting the coated fabrics market is anticipated to see a slow increase in demand in the post-pandemic era. Rapid industrialization in multiple regions will favor coated fabrics market potential

The global coated fabrics market is segregated based on product, application, and region. Based on product, the global market is distinguished into Polymer-coated Fabric, Vinyl-coated Fabric, PU-coated Fabric, PE-coated Fabric, Others, Rubber-coated Fabric, and Fabric-backed Wall Coverings. The polymer-coated segment is predicted to be the most dominant segment over the forecast period and this trend is anticipated to be prevalent over the complete forecast period. Increasing use in the chemical, automotive, and transportation sectors will drive the growth in this segment through 2028.

Asia Pacific region leads the global coated fabrics market in terms of revenue and volume share and is anticipated to maintain this stance through the forecast period owing to rising industrial infrastructure owing to rapid industrialization in this region. The coated fabrics market is expected to be favored by supportive government initiatives to boost the industrial sector and rising investments in the industrial sectors in this region. Developing economies such as India and China are anticipated to be the most lucrative markets in this region over the forecast period. Increasing demand for protective clothing will also boost the coated fabrics market potential in this region over the forecast period.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 25,196.5 Million

Projected Market Size in 2028

USD 31,333.7 Million

CAGR Growth Rate

3.7% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Continental AG (Germany), Spradling International Inc. (US), Seaman Corporation (US), Saint-Gobain SA (France), Trelleborg AB (Sweden), Sioen Industries NV (Belgium), Serge Ferrari Group (France), Low & Bonar Plc (UK), and OMNOVO Solutions Inc. (US), among others

Key Segment

By Product, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Key players functioning in the global coated fabrics market include Continental AG (Germany), Spradling International Inc. (US), Seaman Corporation (US), Saint-Gobain SA (France), Trelleborg AB (Sweden), Sioen Industries NV (Belgium), Serge Ferrari Group (France), Low & Bonar Plc (UK), and OMNOVO Solutions Inc. (US)

Recent developments:

  • In February 2020, Fenner Precision Polymers announced the expansion of its textile coated portfolio by the acquisition of Fabri Cote a renowned name in custom rubber for aerospace applications.  

The global coated fabrics market is segmented as follows:

By Product

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

By Application

  • Transportation
  • Protective Clothing
  • Industrial
  • Roofing, Awnings & Canopies
  • Furniture & Seating
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Reunion
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Southeast Asia
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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