The global coated fabrics market size was estimated at USD 18.8 billion in 2016, growing at a CAGR of 4.6% over the forecast period. Growing use of such rubber coated fabrics in the production of military wear and protective clothing is expected to drive the market growth over the forecast period.
Growing industrialization coupled with infrastructure development is expected to present lucrative growth opportunities to the market. Extensive investment in oil & gas, construction & infrastructure, automotive, chemical & manufacturing industries coupled with notable economic development in Asia Pacific is expected to drive the growth in the region.
The growth can also be attributed to the increasing use of the product for manufacturing of industrial products such as conveyor belts and PTFE tapes. In addition, the market is expected to benefit from increasing use of coated fabrics as low-cost alternative leather for trims and upholstery.
Factors such as volatile raw material prices and stringent environmental protection regulations is expected to encourage the manufacturers to focus research & development. In addition, technological innovations aimed at the reduction of raw material prices and achieving faster and efficient production is expected to drive the growth.
The industry is highly capital intensive which is expected to present a barrier to the new market entrants. Presence of large number of substitutes is expected to lead to a low bargaining power of buyers. However, emerging technologies such as plasma coating, nanomaterials and inkjet deposition is expected to provide excellent growth opportunities to the market.
Polymer coated fabrics are expected to dominate the market owing to the surging demand of airbags in automobiles coupled with increasing demand in protective clothing. The demand for polymer coated fabrics is expected to rise significantly over the forecast period owing to the increasing automobile production in Asian countries such as China and India.
The demand of fabric backed wall coverings is mainly driven by increasing residential and non-residential structures coupled with increasing urbanization. Fabric backed wall covering segment is expected to witness growth owing to the increase adoption of such products in the urban housing sector.
Transportation is estimated to be the largest application for coated fabrics accounting for 35.7% of the overall market volume in 2016. The growth in the demand for coated fabric in transportation sector can be attributed to increasing automobile sales over the past few years coupled with the development in rail and roadway transportation.
The protective clothing application accounted for 15.7% of the total revenue in 2016, which is expected to reach USD 3.61 billion by 2020. Factors such as increase in industrialisation and government initiatives for implementation of safety standards in China and India for the use of protective clothing is expected to contribute to the growth in demand for coated fabrics over the forecast period.
Demand for the product in North America is primarily driven by its increasing use in automotive and protective clothing application. The growing demand for protective clothing in chemical and other similar industries due to FDA regulations is expected to be a key driver for development of coated fabrics in North America.
Asia pacific is estimated to be the largest consumer with its consumption exceeding 1,900 million square meters in 2016. The growing automotive industry in developing countries coupled with increasing product usage in the production of household furniture is further expected to augment the demand for coated fabrics in various applications.
Companies in the industry lay intensive focus on mergers and acquisitions in order to increase their market share. In addition, companies such as International Incorporated use the strategy to enter into new markets thereby eliminating the need for setup of the manufacturing or distribution channels.
Omnova Solutions accounts for the largest share, followed by Spradling International Inc., and Takata corporation. The major players in the industry emphasize on investing in research and development of new products. Takata Corporation invested USD 8.25 million in development and production of high performance fabrics.
This report forecasts revenue growth at global, regional, and country levels and provides an analysis on latest industry trends in each of the sub-segments from 2012 to 2020. For the purpose of this study, Grand View Research has segmented the global coated fabrics market report on the basis of product, application, and region:
Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2020)
Polymer coated fabric
Rubber coated fabric
Fabric backed wall coverings
Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2020)
Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2020)
Rest of the World
Avail customized purchase options to meet your exact research needs:
Get your queries resolved from an industry expert.
Design an exclusive study to serve your research needs.
A testimonial for service in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.
"The quality of research they have done for us has been excellent..."