Title: Coated Fabrics Market trends research and projections for 2019 - 2024
1 Coated Fabrics Market Growth Outlook with
Industry Review and Forecast 2019-2024
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2Global Market Scenario of Coated Fabrics Industry
- Major coated fabric products comprise fabric
backed wall coverings, polymer coated fabrics,
and rubber coated fabrics. Polymer coated fabrics
market price worth USD 17 billion in 2015, is
expected to witness significant growth over the
coming eight years owing to high demand for air
bags and protective clothing in manufacturing
industries. Rubber coated fabrics industry size
is forecast to exceed USD 2 billion by 2024,
driven by its favorable properties such as
elasticity, durability, and resistance to
degradation. - High product demand can also be attributed to its
growing application in food conveyor belts,
gymnasium mats, storage bags, aprons, lifeboats,
truck covers, and protective garments. Fabric
wall backed covering market is projected to
witness a noticeable growth over the coming years
due to heavy spending on public infrastructure
and growing consumer inclination towards home
interiors. - Coated fabrics find myriad applications in
protective clothing, furniture, and transport
sectors. Coated fabrics market size in transport
industry worth USD 6 billion in 2015, is expected
to witness a high growth over the period of
2016-2024 owing to its increasing use in marines,
automobiles, and aviation sectors. Its
application in protective clothing sector is
expected to grow at a rate of 4 over 2016-2024.
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3Continue-
- The growth can be attributed to standardized
factory regulations ensuring worker safety by
mandating the use of protective clothing for
workers to protect them from accidents occurring
during the working hours. Coated fabrics
application in furniture industry worth USD 1.9
billion in 2015, is projected to witness a high
surge over the period of 2016-2024. - Growing vehicle sales in Thailand, Indonesia,
China, and India are expected to enhance the
popularity of coated fabrics in automotive
sector. Consistent efforts to improve the
aesthetic appearance of seat cover designs are
expected to boost the product demand over coming
years. Global industrial protective clothing
expenditure worth USD 5 billion in 2015, is
anticipated to grow at a rate of 14 over the
period of 2016-2024, owing to favorable
government policies ensuring employee safety in
industries. Food processing, medical,
agriculture, defense, law enforcement, and
chemical processing industries provide protective
clothing to their workers to protect them from
heat, biological pollutants, chemicals, and
ecological hazards.
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5360 Industry Analysis
- Europe coated fabrics industry size worth USD 3
billion in 2015, is expected to witness a
considerable growth over the period of 2016-2024.
Strict government compliances related to worker
safety coupled with standardized norms associated
with passenger safety are expected to drive the
regional growth. Germany, UK, and France are the
major regional revenue contributors. - North America market is forecast to witness a
noticeable growth over the coming eight years,
due to growing product demand in the automotive
industry along with large-scale use of protective
clothing in oil chemical industries. U.S. is
expected to be a major contributor towards the
regional share. - Latin America coated fabrics industry is
projected to witness highest gains over 2016-2024
owing to high growth of motor vehicle industry.
Brazil and Argentina are predicted to make
substantial revenue contributions in the near
future. -
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6- Competitive Analysis
- Market players will try to increase their revenue
through product technology innovation and
mergers acquisitions. Key industry participants
include Takata Corporation, Omnova Solutions
Incorporation, Trelleborg AB, Saint-Gobain, and
Canadian General Tower Limited.
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