Coated Fabrics Market

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COATED FABRICS MARKET ANALYSIS

• Coated Fabrics Market, By Material Type (Rubber
  Coated, Polymer Coated, Other Material Types), By
  Application (Commercial Tents, Furniture,
  Industrial, Protective Clothing, Transportation,
  Others), and By Region (North America, Latin
  America, Europe, APAC, Middle East Africa) -
  Size, Share, Outlook, and Opportunity Analysis,
  2020 - 2027

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Coated fabrics are coated or treated with various
products such as lacquer, varnishes, rubber, and
thermoplastic coatings. They are manufactured
from the pile and smooth fabric. They find
applications across transportation, protective
clothing, roofing, furniture, and seating
industries. The global coated fabric market is
estimated to account for US 20854.6 Mn in terms
of value and 5804 Kilo Tons in terms of volume by
the end of 2019 and expected to grow at CAGR of
3.80 during the forecast period (2020-2027). Dri
vers The growing demand for coated fabrics from
the automotive industry is expected to foster the
market growth of coated fabrics. Automotive
industry is one of the major end-user of the
coated fabric. The rising production of
lightweight passenger vehicle coupled with the
increasing investment in the automotive sector by
the government is also expected to augment the
market growth of the coated fabric. Thus, growth
in the automotive industry is expected to
accelerate the market growth of the coated
fabric. Polymer coated fabric is gaining huge
demand due to its high flame and water resistance
property. Moreover, they are relatively cheaper
as compared to other product types. They are
widely used across protective clothing and
technical clothing. This is also attributed to
the rise in the various manufacturing industries.
Thus, growing demand for polymer-coated fabric is
expected to propel the market growth of the
coated fabric.
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Figure 1. Global Coated Fabrics Market Share ()
in terms of Value, By Region, in 2019
Asia Pacific region dominated the global coated
fabric market in 2019, accounting for 35.1 share
in terms of value, followed by North America and
Western Europe, respectively
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Market Restraints The fluctuating price of raw
materials used in the manufacturing of coated
fabric is projected to hinder the market growth
of the coated fabric. Formaldehyde and
propionaldehyde are the two most commonly used
raw material in the production of coated
fabric. Low adoption of powder coating across
the North America region due to extreme weather
conditions is expected to restrict the market
growth of the coated fabric. This is mainly in
the U.S. which affecting the demand for powder
coating, thereby negatively impacting the
market growth of coated fabric.
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Market Opportunities The transportation sector
is an emerging industry for coated fabric and
this is expected to provide potential market
opportunities in the near future. The growing
demand for coated fabric from rail and roadways
transportation is expected to foster market
growth over the forecast period. Moreover,
increasing use of conveyor belts and PTFE tapes
from coated fabric is also expected to propel the
market growth over the foreseeable
timeframe. Growth in the chemical industry is
driving demand for protective and technical
fabric. This is expected to provide immense
market opportunities in the market. Increasing
construction of residential building is fueling
demand for furniture. The coated fabric is also
used in the manufacturing of household furniture.
All these factors are projected to accelerate
market growth over the forecast period. 
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Figure 2. Global Coated Fabric Market
Opportunity Analysis
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Market Trends/Key Takeaways Rising adoption of
fabric backed wall covering is a growing trend in
the market. This is attributed to the changing
lifestyle of the consumer and increasing
disposable income of the consumer which is
encouraging consumers to spend on home decor
products. This is mostly gaining demand from the
urban housing sector. So growth in the urban
population is augmenting the market growth of the
fabric backed wall covering hence growing demand
for coated fabric. Growing safety concerns
across various manufacturing industries coupled
with the increasing strict government regulations
that mandate provision of safety to workers is
creating robust demand for coated fabric. High
economic growth along with the increased
investment across various industries such as
military, aerospace, etc. is further anticipated
to propel the market growth of the coated fabric.
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Figure 3. Global Coated Fabrics Market Share ()
in terms of Value, By Application, in 2019
On the basis of application in 2019, the
transportation segment has accounted the largest
market share of 34.1 in terms of value, followed
by commercial tents segment respectively.
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• Global Coated Fabrics Market - Impact of
  Coronavirus (Covid-19) Pandemic
• Coronavirus is expected to have a significant
  impact the textile sector as due to the pandemic
  situation the global sales of the textile
  products have come down to a grinding halt. Due
  to the lockdown, all sorts of textile-related
  factories are closed. In addition, COVID-19 have
  also caused a profound impact on the global
  automotive industry that caused decline in the
  production of cars and other vehicles. The
  aforementioned factors will hamper the demand for
  the coated fabric market during the forecast
  period.
• Competitive Section
• Company Names 
• Geo Specialty Chemicals, Inc.
• Perstorp Specialty Chemicals AB
• Henan Tianfu Chemical Co. Ltd.
• Jiangxi Nancheng Hongdu Chemical Technology
  Development Co., Ltd.
• Shenzhen Vtolo Chemicals Co., Ltd.
• Few Recent Developments
• In September 2019, CPS Performance Materials
  announced that it has acquired GEO Specialty
  Chemicals. GEO is a diverse supplier of specialty
  chemicals and materials to the coatings,
  adhesives, medical, water treatment, and
  construction markets.

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