The Polymer Coated Fabrics Market size is expected to reach USD 25.66 Billion in 2030 and register a revenue CAGR of 4.2% over the forecast period, according to the latest report by Reports and Data. Steady market revenue growth of polymer coated fabrics is owing to various factors such as stringent regulatory requirements for worker’s safety and increasing investment in research and development activities. However, concerns regarding the effect of coated fabrics on the environment is a restraint that can affect market revenue growth.
Modern polymers-coated fabrics are often used in structural applications. Properties of such materials are stiffness, strength, and thermal conductivity which makes them attractive compared with traditional engineering materials. Light and composite polymer materials are used in various fields as support or constructional materials. Polymer coating deposition on a wide variety of engineering substrates has gained significant attention. Coatings are tailored to provide specific characteristics such as wear, corrosion, chemical, and weathering resistance, to improve thermal conductivity, provide electrical insulation, provide solid lubrication, and low friction.
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Top Companies:
Continental AG, Sioen Industries NV, Serge Ferrari Group, Trelleborg AB, SRF Limited, Synthomer Plc., Seaman Corporation, Cooley Group Holdings Inc., Haartz Corporation, and Heytex Bramsche GmbH.
Some Key Highlights from the Report
Among application segments, transportation segment accounted for largest market revenue share in 2021 and is expected to register a faster revenue CAGR during the forecast period. This growth is attributed to the increasing use of polymer-coated fabrics in various transportation applications. Increasing automotive production across the world coupled with rising per capita income is propelling demand for high-quality polymer-coated materials in airbags, automotive soft tops, and seatbelts. Safety is an essential aspect for car manufacturers, boosting the usage of coated fabric in the automotive industry. Increasing demand for electric vehicles owing to the rise in disposable income, especially in emerging economies, has led to an increase in demand for polymer fabrics, which is expected to drive the revenue growth of segment.
Polymer coated fabrics market in Asia Pacific accounted for largest revenue share in 2021 and is expected to register a faster revenue CAGR during the forecast period owing to massive industrial growth and rapid urbanization in key countries such as China and India. A large manufacturing base is driving demand for polymer-coated fabrics in various industrial applications. Strict regulations regarding the safety of workers are resulting in the increasing adoption of goggles, hard hats, and other protective clothing. Rising demand for coated fabrics from protective clothing, transportation, and industrial applications owing to large manufacturing units further supports market growth in this region during the forecast period.
In August 2021, Heytex and Royal Ten Cate announced the acquisition of TenCate Outdoor Fabrics by Heytex Bramsche located in Osnabruck, Germany. By combining the specialistic technological capabilities and market presence in technical textiles, Heytex is expected to broaden its footprint in the market and TenCate Outdoor Fabrics will be able to accelerate its growth potential.
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Market Dynamics:
The materials and chemicals industry is rapidly gaining traction over the forecast period and is expected to expand significantly in the coming years. Technological advancements and rising innovation are key factors boosting global market growth. The global Polymer Coated Fabrics market is projected to register robust revenue CAGR during the forecast period between 2021 and 2028. Increasing awareness about green energy and eco-friendly biodegradable products, environmental impact due to carbon emissions are few key factors supporting market growth. High demand for various chemicals and raw materials in various industrial sectors such as food and technology, pharmaceutical and biotechnology, manufacturing, paint and coating, paper, plastic among others. In addition, increasing research and development activities, growing demand for products like perfumes, soaps and detergents for daily usage along with rising disposable income across the globe are further boosting market growth.
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Type Outlook
Polyvinyl Coated Fabrics
Polyurethane Coated Fabrics
Polyethylene Coated Fabrics
Others
Process Outlook
Direct Coating
Calendar Finishing
Hot Melt Extrusion Coating
Foam Finishing
Flame Lamination
Others
Application Outlook (Revenue, USD Million; 2019–2030)
Transportation
Protective Clothing
Industrial
Roofing, Awnings Canopies
Furniture Seating
Others
Major Regions covered in the report:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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