Polymer Coated Fabric Market Anticipates to Cross US$ 24.72 BN by 2024
The polymer coated fabric is a type of specialty fabric meant to serve the need of today’s technical world. Coated fabric can be any woven or non- woven fabric coated with materials such as plastic, rubber, elastomers, and fluoropolymer (such as PTFE or Teflon). Applications of coated fabrics widely range from household to industries. Following the need of the application, coated fabrics are engineered from various materials including polymers which resulted in the origin of polymer-coated fabric. Polyvinyl chloride, polyethylene, polyacrylamide, polyurethane, and nylon are prevalent types of polymers used for polymer coating. DecisionDatabases.com recently added a report on polymer coated fabric market which foresees the market to reach USD 24.72 Bn by the year 2024 growing at a CAGR of around 4.50%.
Based upon the different polymer used for coating, polymer-coated fabrics can be used for a variety of purposes including weather and corrosion resistance, resistance to impermeability to oil and dirt, and marked fabric abrasion. They play a vital role in the technical textile market owing to the vast possibility of combinations applicable in coating providing useful structural properties to the manufactured coated fabrics. Polymer-coated fabrics hold specific performance properties. Therefore, they attain widespread applications in a wide spectrum of industries including aerospace, automotive, electronics, chemical processing, geotextile, and defense. Protective clothing for firefighters and auto upholstery are most acknowledged applications of polymer coated fabrics, hence lifting the market progressively. Specialized applications of polymer-coated fabric have surfaced due to the use of thermoplastic polymeric material coating. Electrically conducting, and antimicrobial coated-fabrics (used in coated-textile system) are an outcome of modification in the properties of polymers.
As per the report “Global Polymer Coated Fabrics Market Research Report - Industry Analysis, Size, Share, Growth, Trends And Forecast 2017 to 2024”
the global polymer-coated fabric market is segmented on the basis of application, product type, and region. Vinyl Coated Fabrics, PU Coated Fabrics, PE Coated Fabrics and others (acrylic, nylon 6, nylon 6-6, PA, PC, PEEK, PBT, and PET) are categories of product type segmentation. On the basis of application the market is branched into Transportation, Protective Clothing, Industrial Roofing, Awnings & Canopies, Furniture & Seating, and others (Agriculture, Geotextiles, Medical, Sports & Leisure, and Packaging).
Increasing demand from various applications is driving the global polymer-coated fabric market magnificently. The breakthrough of demand for polymer-coated fabrics has been steered by the rising trepidation about workers’ security in various industries. Rampant use of polymer-coated fabrics in the automotive industry, for the purpose of manufacturing vehicle interiors and exteriors, is strikingly accentuating the growth of the market in the approaching time. Additionally, the transportation industry has rapidly boomed in developing economies. This has pitched the market growth high following spurring automotive manufacturing activities. Transportation is the major application segment in the polymer coated fabrics market. Cost-effective manufacturing and specific properties of PVC-coated fabrics are inimitably promoting the progress. Vinyl coated fabrics are prognosticated to be the largest product segment of polymer-coated fabrics. PE coated fabric production maintained the traction in the view of ripping demand for polymer-coated fabrics with low permeation tendency.
Geographically, Asia-Pacific is ruling the market and is anticipated to grow further at a remarkable rate. The growth is accredited to growing transportation industry in various economies. India, Japan, and China are expected to be the leading countries in this region. North America and Europe are forecasted to gain the market share at a uniform pace in the upcoming time.
Availability of better alternatives and unstable prices of the product are the decisive factors which would disable the growth of this market. Owing to non-recyclability, these fabrics leave toxic emissions on burning or disposing of. Toxicity presage severe environmental damage and hence restraining market impulse. Nonetheless, perpetual evolution in polymer-coated textiles would herald innovations with high-performance characteristics leading the way for opportunities. Besides, growing industrialization and urbanization in some parts of the world is portended to fuel the transportation industry. This might develop ample demand for polymer-coated fabrics.
Proficient players such as Continental AG, Low & Bonar PLC, Omnovo Solutions Inc., Saint-Gobain SA, Seaman Corporation, Serge Ferrari Group, Sioen Industries NV, Spradling International Inc., SRF Limited, Takata Corporation, and Trelleborg are spurting towards success in the global polymer coated fabric market to procure significant share of the market.
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