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Coated Fabrics Market Size, Growth & Trend Analysis 2019-2024

Author : Rahul Varpe | Published Date : 2019-06-14 

Global Coated Fabrics Market Report offered by Global Market Insights gives a market overview of the  industry which covers product scope, market revenue, opportunities, growth rate, sales volumes and figures. The report also explores the worldwide players of the market and is segmented by region, type and application with forecast to 2024.

Coated fabric market has witnessed immense demand from OEM applications in manufacturing air bags, motor vehicle upholstery, headliners, convertible tops, pickup-truck bed covers, heavy-truck covers and sides, nose covers, and spare tire covers. In terms of material usage nylon has witnessed major use in airbags while polyester is mainly preferable in trucks covers and sides. Aesthetic appearance to seat covers and possibility to customize designs have also influenced product demand in transportation industry.

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Increase in automotive sales along with rising regulatory compliances pertaining to passenger safety has encouraged global coated fabrics market growth. Rising worker’s safety concern due to increase in accident occurrence during operational hours have resulted in to standardized rules to provide protective clothing.

Large population size in China and India along with increase in consumer spending on home interiors have encouraged product demand in furniture upholstery and industrial measures such as sealing and contamination controls. Furniture application was valued at over USD 1.9 billion in 2015.

Transportation coated fabrics market size was over USD 6 billion in 2015, automotive industry expansion along with rising penetration in road conveyance are key factors stimulating application growth.

 U.S. polymer coated fabrics market size is mainly driven by automotive industry growth. In terms of revenue, the segment was worth over USD 2.2 billion in 2015.
 
China led by automotive industry growth expects growth of 12% from 2016 to 2024. Increasing manufacturing companies set up in India, Malaysia, and South Korea due to positive indicators from FDI should drive regional industry growth.
 
Latin America, with motor vehicle growth in Argentina, and Brazil may witness significant gains. Brazil transportation application to expand at over 2.5% CAGR up to 2024.

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Global coated fabrics market share is fairly fragmented as domestic companies holding more than 70% of the global demand. In terms of revenue, major industry player includes Omnova Solutions, Saint-Gobain, Takata Corporation, Canadian General Tower, and Trelleborg.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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