Coated Fabrics Market Forecasts to 2028 - Global Analysis By Product (Rubber-Coated Fabrics, Polymer-Coated Fabrics and Fabric-Backed Wall Coverings), Application (Protective Clothing, Automotive & Transportation, Furniture & Seating, Industrial, Commercial Tents, Roofing & Canopies and Other Applications) and By Geography

According to Stratistics MRC, the Global Coated Fabrics Market is accounted for $41.61 billion in 2022 and is expected to reach $54.18 billion by 2028 growing at a CAGR of 4.5% during the forecast period. Fabrics that have been coated in order to gain additional qualities and increase functionality are referred as coated fabrics. The coating is the chemical application to the fabric's surface which provides them functional or ornamental properties. They aid in the parts protection during assembly, transportation and packaging. They are thermal, flame and abrasion resistant. It also possesses adhesive, air-holding and antimicrobial properties. Waterproofing, weldability and durability are further benefits of coated textiles. They are applied throughout a wide range of applications and industries.

According to the India Brand Equity Foundation (IBEF), India is likely to emerge as the third leading auto market in the world with an increase of 2.36% every year from 2016. This raised the market for coated fabrics by 1.2 times in the past five years.



Market Dynamics:

Driver:

Rising demand from automotive industries

Coated fabrics are employed in transportation applications in order to increase safety and performance. The need for transportation and automobile manufacturing has significantly increased as a result of the prompt population development in many countries. They are suitable for a variety of automotive end uses, including airbags, seat belts, truck tarpaulins and coverings, rafts, kayaks, and boat seats. Additionally, coated fabrics provide flame retardancy and increase abrasion resistance.

Restraint:

High range of substitutes

Coated fabrics are used in a range of end user industries with regard to their qualities of durability, water resistance, and UV protection. A variety of solutions are available for coated fabrics. In some industrial applications, coated fabrics may be substituted with other materials like metals or ceramics. Compared to coated fabrics, these substitutes provide more sustainable and ecologically beneficial properties. Consequently, the market's capacity to develop is being hindered by the abundance of alternatives with high performance and less weight.

Opportunity:

Technological advancements

The usage of coated fabrics for several end uses has grown dramatically as a result of advancements in polymer and fabric technologies. Manufacturers are being inspired to produce new goods with improved features including durability, resistance to chemicals and UV radiation, and enhanced aesthetics by the development of new coating processes and materials. Due to technical advancements, coated textiles can operate more efficiently, endure longer and function better which may boost their market value and appeal to customers.

Threat:

Environmental hazards

Polymers are frequently used to make coated fabrics, which poses serious environmental risks. Because coated materials are difficult to recycle, they represent an enormous threat to the environment. It is extremely difficult to appropriately mix the heterogeneous character of the polymers used in the creation of coating and fiber compounds. The trash generated following the usage of coated fabrics cannot be recycled, even with the application of high pressure and temperature. The market's expansion is being hampered by the low worldwide recycling rate of coated fabrics.

Covid-19 Impact

Exports and imports have been negatively impacted by the COVID-19 outbreak. Thousands of fabric factories had to close down as a result of the required lockdown, severely disrupting supply and demand. The industry has had a number of manufacturing, transportation & labor shortage, working capital and cash flow issues. At every link in the value chain, there was a drop in production and a financial loss. The industry has begun to reclaim its position following the epidemic.

The polymer coated fabrics segment is expected to be the largest during the forecast period

The polymer coated fabrics segment is estimated to have a lucrative growth. The polymer coated fabrics are made of synthetic materials which comprises polyethylene, polyvinyl chloride (PVC), and polyurethane. These fabrics are used for protective clothing, footwear, rainwear, gloves, inflatable boats and waterproof mattress. They are often utilized in automotive or transportation applications, in particular for seatbelts, airbags, coverings, and exterior and interior of vehicles. Its attributions such as elasticity, resistance to abrasion and transparency properties are driving up its demand across a range of end user sectors.

The industrial segment is expected to have the highest CAGR during the forecast period

The industrial segment is anticipated to witness the fastest CAGR growth during the forecast period. In the industrial sector, coated fabrics are used to protect parts during packaging, transportation and assembly. They can withstand harsh chemicals, dust and other elements. They offer defense against heat and flame when carrying out fire fighting activities. Industrial equipment seals and gaskets are made from coated fabrics. Industrial curtains that may be utilized to divide several regions of a factory or warehouse are being made using them more frequently. The segment's demand is also being boosted by the expanding industrialization.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to its stringent regulations. The pharmaceutical and chemical industries in this region have a high demand for protective apparel. Additionally, it has access to a highly skilled labor. The strict FDA restrictions have significantly increased the market for coated materials. The rise in this sector is also being greatly fuelled by the presence of significant vehicle manufacturers in the US.

Region with highest CAGR:

Asia Pacific is projected to hold the largest market share during the forecast period owing to raising population. There is rapid population expansion in China and India. As a consequence of more stringent government rules in the region for protection against heat, chemicals, biological pollutants, etc., the need for safety equipment is escalating. Additionally, the middle-class population's increased income raised interest in the automotive industry. The market expansion in this area is also being aided by the significant investment in the oil and gas, chemical and manufacturing, automotive and infrastructure sectors as well as by the strong economic growth.



Key players in the market

Some of the key players profiled in the Coated Fabrics Market include BASF SE, Akzonobel N.V, Contitech AG, Bayer AG, Graniteville, PPG Industries Inc., Mauritzon, Inc., 3M Company, OMNOVA Solutions Inc., Valspar Corporation, SURTECO GROUP SE, Nippon Paints, Saint-Gobain, Sherwin Williams, Seamen Corporation, Bobet Group, Spradling International, Inc., SRF Limited, Trelleborg AB and Canadian General Tower.

Key Developments:

In December 2022, SURTECO GROUP SE announced the closing of the purchase contract for acquisition of the OMNOVA "laminates and performance films and coated fabrics" division from Synthomer PLC. This acquisition was an important step to move forward the company´s focused corporate strategy of internationalization.

In August 2022, BASF and Nippon Paint China, jointly launched an eco-friendly industrial packaging, which has been adopted by the Nippon Paint dry-mixed mortar series products. With BASF's water-based acrylic dispersion Joncryl® High-Performance Barrier (HPB) as the barrier material, the new packaging material is commercialized for the construction dry mortar products of Nippon Paint. It is the first time BASF’s water-based barrier coatings will be used in industrial packaging in China.

In July 2022, BASF has joined hands with Vadodara-based membrane manufacturer, Permionics Membranes, to extend the application of BASF's Ultrason E polyethersulphone (PESU) polymer into coated fabrics that serve as particulate and bacterial filter for face masks.

In December 2021, Trelleborg Group has finalized the acquisition of an operation in polymer coated fabrics used in niche applications. The acquisition gives Trelleborg access to heat-resistant silicone coated fabrics, thereby allowing Trelleborg to enter new markets in coated fabrics.

Products Covered:
• Rubber Coated Fabrics
• Polymer Coated Fabrics
• Fabric Backed Wall Coverings

Applications Covered:
• Protective Clothing
• Automotive & Transportation
• Furniture & Seating
• Industrial
• Commercial Tents
• Roofing & Canopies
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances