Coated Fabrics Market by Product (Polymer, Rubber and Fabric-backed wall coverings), Application (Transportation, Protective Clothing, Industrial, Awn
13 Nov 2018 • by Natalie Aster
The report "Coated Fabrics Market by Product (Polymer, Rubber and Fabric-backed wall coverings), Application (Transportation, Protective Clothing, Industrial, Awnings, Roofing & Canopies, Furniture & Seating) and Region - Global Forecast to 2023", The coated fabrics market is projected to grow from USD 23.93 billion in 2018 to USD 29.14 billion by 2023, at a CAGR of 4.0%. The rising safety measures in the transportation application and the stringent regulatory requirements for workers’ safety are expected to drive the coated fabrics market, globally.
Major companies profiled in this report include:
Continental AG (Germany), Spradling International Inc. (US), Seaman Corporation (US), Saint-Gobain SA (France), Trelleborg AB (Sweden), Sioen Industries NV (Belgium), Serge Ferrari Group (France), Low & Bonar Plc (UK), and OMNOVO Solutions Inc. (US).
The coated fabrics market has been segmented based on product, application, and region. Based on product, the market has been segmented into polymer-coated fabric (vinyl, PU, PE), rubber-coated fabric, and fabric-backed wall coverings. Based on application, the coated fabric market has been segmented into transportation, protective clothing, industrial, roofing, canopies & awnings, furniture & seating, and others. The market has also been studied for APAC, Europe, North America, Middle East & Africa, and South America.
Breakdown of profiles of primary participants for the report:
- By Company Type: Tier 1–45%, Tier 2–22%, and Tier 3–33%
- By Designation: C Level Executives– 50%, Director Level – 10%, and Others – 40%
- By Region: Europe – 33%, North America – 25%, APAC– 17%, Middle East & Africa – 17%, and South America– 8%
Based on product, polymer-coated fabric to be the largest market, in terms of value, between 2018 and 2023
The demand for polymer-coated fabric is very high in various applications 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. Some of the other applications of polymer-coated fabrics are temporary tents, awnings, canopies, seat upholstery, and protective clothing.
Based on application, the transportation segment is projected to lead the coated fabrics market, in terms of value, during the forecast period
Transportation is estimated to be the largest application of coated fabrics during the forecast period. The high demand for coated fabrics in seating upholstery, truck covers, airbags, and seatbelt is expected to drive the market in the transportation application during the forecast period.
APAC is expected to be the largest coated fabrics market during the forecast period
The APAC coated fabrics market is projected to register the highest CAGR, in terms of value, between 2018 and 2023. Growth in the region is backed by massive industrial growth and rapid urbanization in key countries such as China and India. The increasing demand from the transportation, protective clothing, and industrial applications is driving the coated fabrics market in APAC. The major countries driving the coated fabrics market in APAC are China, India, Japan, and South Korea.