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2019 – 2024 | Textile Coatings Market is anticipated to generate huge revenue from fabric and home furnishing sectors

Author : Rahul Varpe | Published Date : 2019-09-25 

The Textile Coatings market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Textile Coatings market based on product, technology, end user and region.

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The prevailing sense of aesthetics in conjunction with the fact that textile coatings find extensive utilization across the fabric and home furnishing sectors is certain to segment the product popularity across the U.S., indirectly providing a boost to North America textile coatings industry size.  It is forecast that the U.S. textile coatings market, which has majorly influenced North America industry since the past few years, will record a CAGR of more than 4.5% over 2017-2024.

A recently compiled research report claims that textile coatings industry is anticipated to generate a revenue of more than USD 7.5 billion by 2024.

Textile Coatings Market, By Application

  • Construction
  • Home Furnishing
  • Transportation
  • Clothing
  • Medical
  • Industrial
  • Sports & Leisure (Athletic shoes, football, others)
  • Agriculture
  • Packaging
  • Others

Important pointers encompassed pertaining to the application spectrum:

  • Major details about the application spectrum are provided in the report.
  • The study elaborates on the remuneration forecast of each of the application categories by the end of the anticipated duration.
  • The market share which each of the application segments account are mentioned in the study.
  • Also, the most proliferating trends that the application spectrum is characterized by are also entailed.

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Lubrizol Corporation, a key player across specialty chemicals industry, has declared the upgradation of its textile coatings unit in North Carolina across the U.S. The unit is focusing on extensive R& D of textile coatings technologies to formulate new coating methods for range of textile applications – a move which may have a sizable impact on textile coatings market size.

The Elkem Company is reputed for manufacturing silicone textile coatings, which find wide applications in marines, sportswear, technical textiles, transport, leathers, and automotive. Their favorable product features such as UV & fire protection, mechanical stress, and thermal resistance have made them highly popular across various end-use sectors. It is undeniable that their high-end sales would have a modest impact on textile coatings industry share.

Dow Corning has been offering advanced heat-curing silicon elastomer coating technologies as a part of its product portfolio, that find applications across industrial textile processing.

Manufacturers have been focusing on introducing eco-friendly coatings technologies that offer the dual benefits of carbon emission reduction and product cost-effectiveness. In yet another landmark event, Zimmer Austria has recently set new parameters for measuring the growth of textile coatings market through the introduction of new technologies such as Magnoroll coatings and digital printing systems.

This comes as no surprise, given that the competitive landscape of this business comprises major players such as:

  • Clariant AG
  • Huntsman Corporation
  • Covestro AG
  • Royal DSM
  • Sumitomo Chemical Company
  • Solvay S.A.
  • Lubrizol Corporation

With their praiseworthy contributions in place, it is no doubt that textile coatings market is predicted to carve out a favorable growth curve over the coming years.

Related News:

  1. https://www.marketwatch.com/press-release/asia-pacific-material-handling-equipment-market-by-regional-analysis-growth-drivers-and-revenue-forecast-2019-2025-2019-09-25
  2. https://www.marketwatch.com/press-release/tower-crane-market-growth-projection-to-2025---global-industry-valuation-to-surpass-55-bn-2019-09-25

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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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