The Rise in Building and Constructions to Boost the Coated Fabric Market Growth

 

Coated Fabric Market

The Coated Fabric Market is segmented by Product (Polymer Coated, Fabric Backed Wall Coverings, and Rubber Coated), Application (Automotive & Transportation, Protective Clothing, Furniture, Industrial, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa) Size, Share, Outlook, and Opportunity Analysis, 2023-2030

The global Coated Fabric Market is estimated to be valued at reach US$ 19,976.7 million in 2021 and is expected to exhibit a CAGR of 5.1 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

A coated fabric is a kind of fabric that has been heated to increase some qualities or include novel features to it. Instead of interweaving a solidified fiber straight into a cloth, these fabrics are covered with a material that makes the clothes surface very resistant to destruction. The most usual covering is polyethylene, the fundamental and chief plastic component.

Competitive Landscape:

Key players involved in the growth of global Coated Fabric Market are OMNOVA Solutions Inc., Graniteville, Saint-Gobain, Trelleborg Group, and Bo-Tex America. 

Market Key Drivers:

The rise in building and construction is expected to augment the growth of the global coated fabrics market. For instance, as per IBEF, India is projected to lead the auto market at the third position across the globe in the upcoming future owing to the rise in middle income population.

The rise in sales of automotive and transportation will create a vast pace for the usage of coated fabrics which is projected to propel the growth of the global coated fabrics market. For instance, as per IBEF, the domestic manufacturing of automobiles rose at a rate of 2.36% by 2020.

Covid-19 Impact Analysis:

The Covid-19 outbreak had adversely affected the growth of global coated fabrics market due to the imposition of strict lockdown policies. The rise in the pandemic cases led to the closure of manufacturing and production units, the disruption in supply chain and halt in supply of raw materials due to the restriction on transportation impeded the market growth.

Key Takeaways:

The global coated fabrics market is anticipated to exhibit a CAGR of 5.1 % during the forecast period due to protective clothing, related to specific hazard. For instance, thermal protective clothing is worn by fire fighters for protection from heat and flame during firefighting.

Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the global coated fabrics market due to rising automotive, stringent regulations by the regulatory, rising investment and expenditure. For instance, Takata Corporation spent US$ 8.25 million in growth and manufacture of high coated fabrics.