According to the report, the Coated Fabrics market is expected to grow from USD 2,290 million in 2019 to USD 3,027 million by 2026, growing at a CAGR of 4.10% from 2019 to 2026.
Market Overview
The global Coated Fabrics market is estimated to be USD 2,290 million in 2019 and is expected to reach USD 3,027 million by 2026, with a CAGR of 4.10% during the forecast period.
The major factor of booming the Coated Fabrics market is the rising safety measures in the transportation application and the stringent regulatory requirements for workers’ safety. Other factors such as rapid technology development coupled with growing industrialization, implementation of strict regulations concerning workers’ safety will drive the Coated Fabrics market. However, the environmental impact of fabric manufacturing is presumed to be a restraining factor for Coated Fabrics market over the forecast period.
Coated fabrics consist of woven and non-woven cloth with a coating or resin applied to the surface or saturated into the bulk of the material to provide some additional property.
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Competitive Insights
Key players operating in this market include ContiTech, Cooley, Dickson, Haartz, Heytex Gruppe, Low＆Bonar, Morbern, Mount Vernon Mills, Obeikan Technical Fabrics, SRF, Seaman, Sioen Industries, VERSEIDAG-INDUTEX, and Uniroyal Engineered.
Regional Insights
The Asia Pacific dominated the Coated Fabrics market at a share of 42.15% in 2018 and is anticipated to maintain its dominance during the forecast period. Industrial growth and rapid urbanization in key countries such as China and India, increasing demand from the transportation, protective clothing, and industrial applications is the main factor that driving the coated fabrics market in the Asia Pacific. The major countries driving the coated fabrics market in the Asia Pacific are China, India, Japan, and South Korea. North America is currently leading Europe with a share of 25.34% and 21.07%.
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Based on the type, the Coated Fabrics market can be segmented into Polymer-Coated Fabrics, Rubber Coated Fabrics, and Fabric-Backed Wall Coverings.
Polymer-coated fabric anticipated to be the largest market due to its superior properties such as resistance to dirt, oil, UV, and water. Moreover, the rising demand for automotive upholstery and home furnishing is expected to drive the polymer-coated fabrics market.
Application Insights
Transportation is projected to be the largest market during the forecast period due to the increasing demand for coated fabrics in seating upholstery, truck covers, airbags, and seatbelt.
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Audience
l Coated Fabrics manufacturers
l Distributors and resellers of Coated Fabrics
l Coated Fabrics industry associations
l Product managers, Coated Fabrics industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of Coated Fabrics
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