PUBLISHER: The Business Research Company | PRODUCT CODE: 1270523
PUBLISHER: The Business Research Company | PRODUCT CODE: 1270523
“Polymer Coated Fabrics Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on polymer coated fabrics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for polymer coated fabrics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The polymer coated fabrics market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Major players in the polymer coated fabrics market are Takata Corporation, Trelleborg AB, Spradling International Inc., Serge Ferrari Group, Saint-Gobain SA, Sioen Industries NV, Continental AG, Cooley Group Holdings Inc., Dickson Constant, Seaman Corporation, SRF Limited, BASF SE, Akzo Nobel NV, PPG Industries Inc., Nippon Paint Holdings Co. Ltd., The Sherwin-Williams Company, The Valspar Corp., E I du Pont de Nemours and Company, Bayer AG, 3M, Colmant Coated Fabrics, Low & Bonar (Mehler Texnologies), Omnova Solutions Inc., Endutex Coated Technical Textiles, Haartz Corporation, Heytex Bramsche GmbH (Earlier Julius Heywinkel GmbH), Industrial Sedo S.L., Archroma, Morbern Inc., and Mount Vernon Mills Inc.
The global polymer coated fabrics market is expected to grow from $20.45 billion in 2022 to $21.54 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The polymer coated fabrics market is expected to grow to $26.04 billion in 2027 at a CAGR of 4.9%.
The polymer-coated fabrics market consists of sales of polycarbonates, nylon 6-6, polyamide, polyether ether ketone, and polyethylene terephthalate coated fabrics. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Polymer-coated fabrics refer to a layer on top of the textile fabric to increase abrasion resistance. It is especially useful for high-friction materials such as personal protective equipment (PPE), power transmission belts, backpacks, footwear, and synthetic leather products.
Asia-Pacific was the largest region in the polymer coated fabrics market in 2022. The regions covered in the polymer coated fabrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main products of polymer-coated fabrics are vinyl-coated fabrics, PU-coated fabrics, PE-coated fabrics, and others. Vinyl-coated fabrics refer to a type of powder coating that shields the base material from UV rays, abrasion, and corrosion. The materials involved are knitted, woven, and non-woven that are used for transportation, protective clothing, roofing, awnings and canopies, furniture and seating, and other applications by automobile, aerospace, marine, chemical processing, military, and other end-use industries.
Rapid urbanization is driving the growth of the polymer-coated fabrics market going forward. Urbanization refers to the concentration of human populations into discrete areas, and the land being transformed for residential, commercial, industrial, and transportation purposes. Due to increased urbanization, polymer-coated fabrics are widely used in the residential and commercial sectors to make carpets, airbags, geotextiles, industrial fabrics, architecture, defense, transportation, space, healthcare, sports, mats, bedding products, curtains, and a variety of upholstery products. For instance, according to the United Nations World Urbanization Prospects, by the United Nations Department of Economic and Social Affairs, a US-based part of UN Secretariat, in 2020, the global rate of urbanization is 56.15%, and Asia's urbanization rate around 51.1%, increasing to 52.3% by 2022. Also, India's rate of urbanization is 34.92%. Therefore, rapid urbanization is expected to propel the growth of the polymer-coated fabrics market over the coming years.
Technological advancement is a key trend gaining popularity in the polymer-coated fabrics market. Major market players are developing advanced technologies to sustain their position in the polymer-coated fabrics market. For instance, in March 2022, Rivertex Technical Fabrics Group, a Netherlands-based supplier of coated textiles and unsupported films launched Rivercyclon, a non-toxic, recyclable, lightweight, and cost-effective alternative to PVC-coated fabrics. It is entirely recyclable and made of a single polymer that doesn't include any plasticizers or other pollutants. In comparison to PVC-coated options, Rivercyclon is up to 40% lighter. Additionally, Rivercyclon has strong UV resistance and excellent welding strength. According to the company's press release, Rivercyclon is economically priced and is offered in widths up to 320 cm.
In January 2021, Cooley Group, a US-based company engaged in polymeric solutions for containment, print media, waterproofing, signs & shades, and custom work acquired Vintex for an undisclosed amount. With this acquisition, Vintex's healthcare division will offer coated textiles for medical devices, as well as antimicrobial and washable products. Vintex is a US-based company engaged in durable polymer coated fabric, technical textiles, and custom-coated fabrics.
The countries covered in the polymer coated fabrics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The polymer coated fabrics market research report is one of a series of new reports from The Business Research Company that provides polymer coated fabrics market statistics, including polymer coated fabrics industry global market size, regional shares, competitors with polymer coated fabrics market share, detailed polymer coated fabrics market segments, market trends, and opportunities, and any further data you may need to thrive in the polymer coated fabrics industry. This polymer coated fabrics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.