Global Coated Fabrics Market Overview:
The global coated fabrics market is expected to generate steady revenue over the next six years. Seating and airbag applications are anticipated to be the largest contributors toward revenue. Coated fabrics exhibits vast application owing to their features of oil, dirt, water, UV, and corrosion resistance. Some of the key players profiled in the study are OMNOVA Solutions Inc. (United States), Highland Industries (United States), Canadian General-Tower(CGT) (Canada), Saint-Gobain SA (France), Trelleborg AB (Sweden), Spradling International Inc. (United States), Uniroyal Global Engineered Products Inc. (United States), ContiTech AG (Germany), Cotting Group (France), Natroyal Group (India) and Low & Bonar Plc (United Kingdom). According to Market Analyst at AMA, the Global Coated Fabrics market may see a growth rate of 4.1% and would reach the market size of USD25.0 Billion by 2024.
On the basis of geography, the market of Coated Fabrics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
- Rising Demand for Automotive Upholstery, Contributing towards Market Revenue
- Growing Application of Polymer Coated Fabrics in Fields of Protective Clothing, Tents, Canopies, Etc.
- Rising Focus towards Protective Clothing of Industrial Workers
- Coated Fabrics Gaining Image as a Low Cost Replacement for Leather Seating and Upholstery
- Environmental Issues
- Availability of Substitutes
- Modernization of Protective Clothing
- Growing Industrialization across Economically Emerging Countries
- Difficulty in Waste Disposal and Recycling
Major Market Developments:
Growing scope of coated fabrics in automobile space, such as airbags, is anticipated to positively drive market growth over the forecast period. The number of airbags per car is being revised to a higher number, and these airbags are prepared using coated fabrics, thereby promoting higher sales.
Government Involvement with Players for Proper Disposal of Waste for Environment Protection
It may be stated that the coated fabric market is an example of perfect competition. The industry has presence of many buyers and sellers, and hence price fluctuations are not routinely observed. Our report represents company profiles of over 15 players.
Textile industry players, Transportation industry, Research institutes, Government agencies, Regulatory bodies, Investors and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Coated Fabrics market on the basis of product [Coated Nylon, Coated Polymer and Other] , application [Transportation, Protective clothing, Industrial, Furniture and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Coated Fabrics market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Coated Fabrics industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are SRF Limited (India), Haartz, Serge Ferrari Group (France), Sioen Industries NV (Belgium) and Seaman Corporation (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Coated Fabrics market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.