According to a market research report, the “Coated Fabrics Market by Product Type (Polymer-coated Fabrics, Rubber-coated Fabrics and Fabric-backed Wall Coverings), Application (Transportation, Protective Clothing, Roofing, Awnings & Canopies), & Region – Global Forecast to 2028”, size was USD 23.7 billion in 2022 and is projected to reach USD 29.8 billion by 2028, at a CAGR of 3.9% from 2023 to 2028.
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This report also provides a comprehensive analysis of the companies listed below:
The key players profiled in the report include Continental AG (Germany), Trelleborg AB (Sweden), Serge Ferrari Group (France), Saint-Gobain S.A. (France), Freudenberg Group (Germany), Sioen Industries NV (Belgium), Spradling International Inc. (US), Seaman Corporation (US), OMNOVA Solutions Inc. (US), and SRF Limited (India), among others. The necessity of coated fabrics is rising due to innovated and adopted properties of coated fabrics for high-end automotive and other industrial sectors making opportunities for the key players. Likewise, to tap these opportunities key players should focuse on new innovations and manufacturing of technological advanced coated fabrics.
Recent Developments in Coated Fabrics Market
In December 2021, Trelleborg AB has acquired a division of the US-based, privately owned company Alpha Engineered Composites. It is an operation in polymer-coated fabrics used in niche applications.
In November 2022, Trelleborg focused on innovation in healthcare & medical textiles. Dartex Zoned Coatings fabric was one of its recent product launches. Its fabric allows different combinations of expanding properties across its surface without switching the textile.
In May 2020, Continental AG innovated timing belts that are applicable in wind turbines in place of gearboxes. The fabric used in timing belts is effective in wear and tear properties ensuring a stable structure and reducing noise.
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The growth of the coated fabrics market is prompted by the huge demand from transportation and protective clothing applications. Rising safety measures and stringent regulations over worker’s safety in automotive, chemical, oil & gas industries driving the coated fabrics market. Additionally, coated fabrics can offer a lightweight and durable alternative to traditional materials, and can help manufacturers meet strict safety regulations. These factors have all contributed to the global expansion of the coated farbics market.
Based on product type, the coated fabrics market is segmented into Polymer-coated Farbics, Rubber-coated Farbics, and Fabric-baked Wall Coverings. Polymer-coated Fabrics are further divided in Vinyl-coated Fabrics, PU-coated Fabrics, PE-coated Fabrics and other Polymer-coated Fabrics. The polymer-coated farbics segment accounted for the largest market share, in terms of both value and volume, in 2022 As these fabrics have better properties in terms of transparency, elasticity, resistance to oil, grease, and abrasion. Moreover, these fabrics have high demand in sectors, such as protective clothing, industrial, and transportation.
Based on application, the coated farbics are segmented into transportation, protective clothing, industrial, roofings, awnings & canopies, furniture & seatings and others. Among these applications, the transportation segment accounted for the largest market share, in terms of value and volume, in 2022. Coated fabrics can provide a range of safety benefits in the automotive industry, which includes airbags, seat belts, and flame-retardant materials.
Based on region, Asia Pacific dominated the coated fabrics market, in terms of both value and volume, in 2022. This is due to the increasing population in the continent especially in China and India, expanding the manufacturing sector and improving economic conditions with rising GDP & disposable incomes. Likewise, the Asia Pacific is projected to be the fastest growing market, in terms of value and volume, during the forecast period 2023 to 2028.
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