In terms of value, the coated farbics market is estimated to grow from USD 23.7 billion in 2022 to USD 29.8 billion by 2028, at a CAGR of 3.9%. The main drivers of the coated farbics market are the increased safety rules in the vehicles, safety regulations in the industries to protect workers from hazard. These drivers influence the growth of the coated fabrics products.
Coated Fabrics Companies
The key players profiled in the report include include Continental AG (Germany), Trelleborg AB (Sweden), Serge Ferrari Group (France), Saint-Gobain S.A. (France), and Freudenberg Group (Germany). The major market players given a high priority on incorporating new technologies to keep up with the constantly evolving demands of the coated fabrics around the world. To enhance their market position in the industry, these players have adopted a range of growth strategies such as initiating new product development, innovations, acquiring other companies, and launching new products. These tactics have been employed to expand their market share in the agricultural films industry.
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Continental AG is key player in coated farbics market, it has strong presence in European and North American region. For various transportation applications, it offers wide range of products such as polymer- and rubber- coated fabrics for transportation, furniture & seatings applicaitons. The company’s primary focus is on the innovation and production of inventive coated fabrics, and it maintains strong connections with customers worldwide. In order to expand its reach, the company is enhancing its long-term financial stability and diversifying its product line to include both existing and complementary offerings. In May 2019, Continental has innovated heat protective coated fabrics which is also called elastomer-coated fabrics using the innovative Condensation Control Technology (CCT). This technology regulates body temperature and make the material intact for professional and leisure divewear. It offers a high level of safety at extremes of heat and cold.
Trelleborg AB, established in 1905, is a leading manufacturer of high-performance polymer materials and innovative technical solutions. As one of the largest coated fabrics companies, it holds a significant position in the market. The company specializes polymer and rubber- coated fabrics which majorly served for industrial purposes. Through the innovation and acquisition, the company is developing innovative and creative products that meet the global needs of its customers. In November 2022, Trelleborg Engineered Coated Fabrics has innovated fabric. It comes with different combinations of stretch properties through its surface without changing the textile.
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Protective Clothings was the fastest growing application of the coated fabrics market, in terms of value, in 2022
Due to the increased demand from the healthcare industry, stringent regulations and standards, technical improvements, and increasing awareness about workplace safety. Protective clothing manufacturer prefer coated fabrics as it has advantages in terms of safety, performance and sustainability. The technological developments in the coated fabrics advances its perfoamance, durability and functionality. This is projected to drive the in the protective clothing application in coated fabrics market.
Polymer-coated fabrics segment is estimated to be the largest product type of the coated fabrics, in terms of value, during the forecast period.
Polymer coated fabrics, such as polyurethane (PU), polyvinyl chloride (PVC), and polyethylene (PE), have emerged as a preferred alternative in the coated fabrics market. Their popularity stems from their exceptional versatility, offering a wide range of applications across various industries. These coated fabrics are known for their impressive durability, which ensures long-lasting performance even in demanding environments. This has indicated to their dominance in the coated fabrics market.
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Asia Pacific is estimated to be the largest market for the coated fabrics market, in terms of value, during the forecast period.
Asia Pacific is projected to be the largest market for coated fabrics, driven by the high economic growth due to growing automotive & chemical industries and the rising population in region especially in India and China. There is high growth seen in protective clothing segments in this region due to increased government regulations for safety concerns in various industries such as transportation, chemical, oil & gas, construction and residential housing. This is due to growing economic conditions, rising GDP, active manufacturing sectors and healthcare sectors in emerging countries. Due to these reasons the demand for coated fabrics in Asia Pacific region is increased.
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