Coated Fabrics Market: Growing use of coated fabrics in the transportation industry is likely to boost the market growth during the review period

Pune, India, June, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Coated Fabrics Market Research Report.

Coated Fabrics Market Size was valued at USD 32.8 billion in 2022. The Coated Fabrics market industry is projected to grow from USD 34.4 Billion in 2023 to USD 50.4 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.90% during the forecast period (2023 - 2032). 

Market Segmentation

The global coated fabrics market is segmented into product type, application, and region.

On the basis of the type, the market is segmented into polymer coated fabrics, rubber coated fabrics, fabric backed wall coverings. Among the various product type, polymer coated fabrics were the largest segment in 2016 and are anticipated to show the same trend during the forecast period. The growing applications of the product in automobile airbags and protective clothing is anticipated to be the major factor driving the growth of the segment. The demand for polymer-coated fabrics is expected to rise substantially in the developing economies in the Asia Pacific region. The fabric backed wall covering segment is expected to witness a considerable CAGR during the forecast period. The growing implications of the product in the commercial and urban housing sector is contributing to the segment growth positively.

On the basis of application, the market is segregated into transportation, protective clothing, industrial, furniture, construction, and others. According to MRFR analysis, transportation is anticipated to be the largest segment for coated fabrics market, which accounted for over 30% share of the market in 2017. The growing automobile sales in developing countries of the Middle East and Asia Pacific is contributing to the growth of the segment. Whereas, the protective clothing segment is likely to witness propelling growth owing to the growing demand for the product in the industrial sector.

Regional Analysis

Based on the region, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific dominated the coated fabrics market in 2017 and is expected to witness the highest CAGR during the review period, 2018–2033. Factors such as growing automobile sector and industrialization are the major factors driving the market growth. North America is anticipated to be the second largest market during the forecast years. The growing safety regulation in the region has propelled the demand for protective clothing, which is a major factor contributing to the market demand.

Competitive Analysis

Some of the key players in the global coated fabrics market are Omnova Solutions Inc (U.S.), Takata Corporation (Japan), Saint-Gobain (France), Sioen Industries NV (Belgium)., Mauritzon Inc (U.S.) ContiTech AG (Germany), Isotex S.p.A. (Italy), Graniteville Specialty Fabrics (U.S.), Serge Ferrari Group (France), Heytex Bramsche GmbH (Germany), and Trelleborg AB (Sweden).

Read More About this Article- Coated Fabrics Market