Global Coated Fabrics Market Size by Product (Rubber Coated Fabric, Fabric Backed Wall Coverings), By Application (Industrial, Furniture), By Geographic Scope And Forecast
Report ID: 36029|No. of Pages: 202
Global Coated Fabrics Market Size by Product (Rubber Coated Fabric, Fabric Backed Wall Coverings), By Application (Industrial, Furniture), By Geographic Scope And Forecast
Coated Fabrics Market Size and Forecast
Coated Fabrics Market size was valued at USD 23.56 Billion in 2023 and is projected to reach USD 31.75 Billion by 2031 growing at a CAGR of 3.80% from 2024 to 2031.
- Coated fabrics are textiles that have been treated with a protective layer to increase their durability, water resistance and UV protection. Vinyl, polyurethane and silicone are common materials that can be used for a variety of applications.
- These textiles are frequently utilized in areas requiring high performance and longevity, such as automotive, aerospace and healthcare. Their uses include upholstery, tents and protective garments, which provide both safety and functionality.
- The future of coated fabrics is based on breakthroughs such as eco-friendly materials and sophisticated coatings. The growing demand for sustainable products and smart textiles is projected to stimulate research and development in this industry.
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Global Coated Fabrics Market Dynamics
The key market dynamics that are shaping the global coated fabrics market include:
Key Market Drivers:
- Growing Automotive Industry: The automotive industry is a big user of coated fabrics, with worldwide vehicle production expected to reach 85.01 million units by 2022. This rise increases demand for long-lasting materials in vehicle interiors and airbags.
- Increasing Construction Activity: Coated fabrics are used in applications such as architectural membranes and tarpaulins. The worldwide construction market was valued at USD 12.9 Trillion in 2022 and is expected to grow to USD 18.7 Trillion by 2028, boosting demand.
- Rising Awareness of Personal Protective Equipment (PPE): The COVID-19 pandemic has raised awareness of PPE, which frequently includes coated materials. The global PPE market is anticipated to reach USD 77.36 Billion by 2020, growing at a 7.3% CAGR.
Key Challenges:
- Environmental Issues and Regulations: The production and disposal of coated fabrics cause considerable environmental concerns. The European Union’s aim to make all plastic packaging recyclable by 2030 will require businesses to alter their operations, potentially boosting prices and complicating compliance with new environmental rules.
- Raw Material Price Volatility: Raw material price fluctuations have a significant impact on the coated fabrics market. For example, Brent crude oil prices rose from $41.69 per barrel in 2020 to $100.94 in 2022, raising production expenses. This volatility has the potential to destabilize coated fabric manufacturers’ pricing strategy and profit margins.
- Competition with Alternative Materials: The emergence of alternative materials, particularly biodegradable polymers, threatens the coated fabric sector. The market was valued at USD 4.1 Billion in 2022, is projected to grow to USD 7.1 Billion by 2027, drawing consumers and manufacturers toward more sustainable options and impacting traditional coated fabric sales.
Key Trends:
- Sustainability in Production: The coated fabrics market is progressively emphasizing eco-friendly materials and sustainable manufacturing techniques. Companies are implementing eco-friendly practices to fulfil customer demands and regulatory constraints, resulting in a greater emphasis on sustainability in product creation and supply chain management.
- Technological Advancements: Coating technology advancements improve performance aspects such as water resistance and durability. These improvements enable coated textiles to satisfy the expectations of numerous industries, including automotive and healthcare, by expanding their applications and enhancing overall functionality, resulting in market growth.
- Growing Demand in Outdoor Applications: The development in outdoor leisure activities and sports is driving up demand for coated fabrics in goods such as tents, tarps and protective gear. This trend contributes to market expansion in specialized categories, as consumers seek durable and weather-resistant materials to enhance their outdoor experiences.
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Global Coated Fabrics Market Regional Analysis
Here is a more detailed regional analysis of the global coated fabrics market:
North America:
- According to Verified Market Research, North America is expected to dominate the global coated fabrics market.
- The North American automobile industry, especially in the United States, is a major driver of the coated fabrics market. Light vehicle sales reached 13.9 million in 2022 and are expected to climb to 14.6 million in 2023, increasing demand for coated fabrics in interiors, upholstery and protective covers. The trend of car personalization fuels this desire, as buyers seek specialty materials with distinct looks and usefulness, resulting in market development.
- The North American construction industry is expanding steadily, driving demand for coated fabrics in architectural membranes, awnings and protective coverings. The building value in the United States reached USD 1.79 Trillion in 2022, up 10.2% from the previous year. This expansion, along with increasing infrastructure spending. In 2022, the U.S. construction value reached USD 1.79 Trillion, marking a 10.2% increase from 2021. This expansion, alongside increasing infrastructure investments, is significantly driving the coated fabrics market in the region.
Asia Pacific:
- According to Verified Market Research, Asia Pacific is fastest growing region in global coated fabrics market.
- Rapid development and urbanization in the Asia Pacific area are driving high demand for coated fabrics in a variety of industries, including construction, automotive and manufacturing. The Asian Development Bank predicts that urbanization in the region would increase to 55% by 2030 from 48% in 2020, necessitating significant infrastructure development. Initiatives like as China’s Belt and Road Initiative, which has invested more than USD 1 Trillion, are driving up demand for coated fabrics, notably in construction and transportation.
- The automotive sector in Asia Pacific is rapidly expanding, particularly in China and India. According to the International Organization of Motor Vehicle Manufacturers, Asia manufactured 46.7 million automobiles in 2021, accounting for 55% of global production. This expansion is propelling the coated textiles market, notably for car interiors and exteriors.
Global Coated Fabrics Market: Segmentation Analysis
The Global Coated Fabrics Market is segmented based Product, Application and Geography.
Coated Fabrics Market, By Product
- Polymer Coated Fabric
- Rubber Coated Fabric
- Fabric Backed Wall Coverings
Based on Product, the Global Coated Fabrics Market is separated into Polymer Coated Fabric, Rubber Coated Fabric, and Fabric Backed Wall Coverings. Polymer coated fabric dominates the worldwide coated fabrics market due to its adaptability, durability and wide range of applications in industries such as automotive, aerospace and healthcare, resulting in high demand and innovation.
Coated Fabrics Market, By Application
- Transportation
- Protective Clothing
- Industrial
- Furniture
Based on Application, Global Coated Fabrics Market is divided into Transportation, Protective Clothing, Industrial, and Furniture. The transportation sector dominates the global coated textiles market because to increasing demand for robust and weather-resistant materials in automotive and aerospace applications, which drives considerable growth in this segment.
Coated Fabrics Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on the Geography, the Global Coated Fabrics Market divided into North America, Europe, Asia Pacific and Rest of the World. North America dominates the coated fabrics market owing to superior manufacturing capabilities and significant demand in industries like as automotive and healthcare. Meanwhile, the Asia-Pacific area is experiencing the highest growth, owing to rapid industrialization, increasing outdoor activities and rising consumer demand for innovative, sustainable coated fabric goods.
Key Players
The Global Coated Fabrics Market study report will provide valuable insight with an emphasis on the global market. The major players in the market are Omnova Solutions, Saint-Gobain S.A., Spradling International, Inc., Takata Corporation, Trelleborg AB, Bo-Tex Sales Co., Mauritzon, Inc., ContiTech AG, Isotex S.p.A, Graniteville Specialty Fabrics.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Global Coated Fabrics Market Recent Developments
- In July 2022, BASF partnered with Vadodara-based membrane manufacturer Permionics Membranes to expand the usage of BASF’s Ultrason E polyethersulphone (PESU) polymer in coated fabrics that serve as particulate and bacterial filters for face masks.
- In January 2022, Trelleborg Industrial Solutions purchased Alpha Engineered Composites’ coated textiles segment to grow its business.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2020-2030 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Period | 2020-2022 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Omnova Solutions, Saint-Gobain S.A., Spradling International, Inc., Takata Corporation, Trelleborg AB, Bo-Tex Sales Co., Mauritzon, Inc., ContiTech AG, Isotex S.p.A, Graniteville Specialty Fabrics. |
| Segments Covered | By Product, By Application and By Geography. |
| Customization Scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL COATED FABRICS MARKET
1.1 Introduction of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL COATED FABRICS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL COATED FABRICS MARKET, BY PRODUCT
5.1 Overview
5.2 Polymer Coated Fabric
5.3 Rubber Coated Fabric
5.4 Fabric Backed Wall Coverings
6 GLOBAL COATED FABRICS MARKET, BY APPLICATION
6.1 Overview
6.2 Transportation
6.3 Protective Clothing
6.4 Industrial
6.5 Furniture
7 GLOBAL COATED FABRICS MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East & Africa
8 GLOBAL COATED FABRICS MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Omnova Solutions
9.1.1 Overview
9.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Saint-Gobain S.A.
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Spradling International, Inc.
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Takata Corporation
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Trelleborg AB
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Bo-Tex Sales Co.
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Mauritzon, Inc.
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 ContiTech AG
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Isotex S.p.A
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
11 Appendix
11.1 Related Research
Report Research Methodology
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
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- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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