Coated Fabrics Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Coated Fabrics Market: Overview
Coated fabrics are composite materials prepared by spreading bonding agents on one or both sides of the fabric and coating it with rubber compounds as per the requirement of the final end-use application. The final product is not only flexible, strong, heat resistant, and washable, they can also be electrically conductive or insulating as per desire. In the automotive industry, coated fabrics are used to manufacture air bags and seat covers. As the automotive industry touches new peaks in the near future, owing to rising population across the world, the demand for coated fabrics is anticipated to increment at a rapid rate during the forecast period of 2017 to 2025.
Global Coated Fabrics Market: Key Trends
Apart from being utterly useful for the thriving automotive industry, coated fabrics are also used to make protective clothing for labors, which extends the horizon of its demand into several other flourishing industries. Strict government regulations such as European Union’s Directive 89/686/EEC and Australia's Model Work Health and Safety Act are urging industries towards industrial protective clothing adoption. Food and beverage, chemical processing, agriculture, and law enforcement are some of the most prominent end-use industries for coated fabrics, after automotive. Conversely, this industry is facing stiff challenge from alternative materials including leather, plastic, uncoated fabrics, and rubber sheeting, which will hinder the growth rate to a certain extend during the forecast period.
In terms of products, the global coated fabrics market can be segmented into polymer, rubber, and fabric-backed wall coverings. Out of these, polymer coated fabrics serve maximum demand as it is relatively inexpensive as compared to other fabrics and offer desirable resistance to water, abrasion, and fire. As the regulations for safety spreads into several other emerging economies, the global polymer coated fabrics market is expected to flourish.
Global Coated Fabrics Market: Market Potential
With technological advancements, the application of coated fabrics now extends to defense, marine, and aviation industries. Herein, coated fabrics are now extensively used for their attributes of barrier protection, air retention, abrasion resistance, and high strength to weight ratio. This factor will open new opportunities for the players in the global coated fabrics market. Moreover, consistent research and development in the field is sure to extend the application of coated fibrics into other fields and further expand the market.
Global Coated Fabrics Market: Regional Outlook
Nearly all regions are extending the demand for coated fabrics, with Asia Pacific growing at the best rate owing to vast population and a thriving automotive industry. Prosperity of healthcare industry is also expected to positively reflect on coated fabrics market in this region, especially in the emerging economies of India, China, Malaysia, and South Korea. In Europe, with stringent industrial safety regulations in the U.K, France, and Germany, protective clothing segment is most fruitful. Since the implementation of National Fire Protection Association (NFPA), OSHA, and ASTM, similar shift in the market is seen in the region of North America too, wherein the U.S. is extending the demand for coated fibrics to produce protective clothing for firefighting and law enforcement. In gulf, construction is at an all-new peak in the countries of UAE, Kuwait, Qatar, and Saudi Arabia, which serves the primary demand for coated fabrics to be used as safety clothing for the construction workers.
Global Coated Fabrics Market: Competitive Analysis
Saint-Gobain, Omnova Solutions, Canadian General Tower, Trelleborg, and Takata Corporation are some of the leading companies currently operational in this market, which is fragmented in nature with the presence of several local players.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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