Coated Fabric Market Outlook
According to a new report by Expert Market Research titled, “Global Coated Fabric Market Analysis, Share, Size, Report and Forecast 2023-2028, the coated fabric market is projected to grow at a CAGR of 3.90% between 2023 and 2028. Aided by the growing demand for robust, long-lasting, and versatile materials across various sectors, and the increasing applications of coated fabrics, the market is expected to grow significantly by 2028.
Coated fabrics consist of a fabric substrate onto which a substance or material is applied or bonded. The coating enhances the fabric’s properties, making it waterproof, flame-resistant, or resistant to dirt, mildew, and other substances. Coated fabrics are used extensively in diverse products, such as automotive upholstery, protective clothing, furniture, and industrial applications.
A significant driver of the global coated fabric market growth is the escalating consumer preference for durable and versatile materials. As coated fabrics offer high durability, resilience, and versatility, their demand has risen considerably across various industries. The increased focus on safety measures in workplaces has also contributed to the popularity of coated fabrics as they are commonly used to make protective clothing, coveralls, and other protective equipment.
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The expanding applications of coated fabrics across different industries play a crucial role in accelerating the coated fabric market expansion. In the automotive industry, coated fabrics are utilised for car seats, airbags, and interior trim applications due to their durability, aesthetic appeal, and resistance to water and dirt. In the furniture industry, coated fabrics are preferred for their durability and ease of maintenance, making them suitable for both residential and commercial settings.
Moreover, coated fabrics’ unique properties make them indispensable in other applications like industrial applications, where they are used in belts, insulation blankets, and fuel storage bladders, and in the healthcare industry, where they are utilised for medical mattresses, blood pressure cuffs, and other applications.
The ongoing developments in material science and technology are expected to spur further growth in the coated fabric market. Advancements in coating techniques and the development of new materials are likely to lead to the creation of coated fabrics with enhanced properties, such as increased resistance to heat, UV radiation, chemicals, and abrasion. This progress, in turn, will open up new applications and opportunities for coated fabrics, thus fuelling the coated fabric market growth.
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Coated Fabric Market Segmentation
The market can be divided based on product, application, and region.
Market Breakup by Product
- Polymer Coated Fabrics
- Rubber Coated Fabrics
- Fabric Backed Wall Coverings
Market Breakup by Application
- Protective Clothing
- Roofing, Awnings, and Canopies
- Furniture and Seating
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global coated fabric companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Continental AG
- Saint-Gobain S.A.
- Trelleborg AB
- Sioen Industries N.V.
- Omnova Solutions Inc.
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