Global Coated Fabrics Market: Overview
Coated fabrics are composite materials prepared by spreading bonding agents on one or both sides of the fabric and coating it with rubber compounds as per the requirement of the final end-use application. The final product is not only flexible, strong, heat resistant, and washable, they can also be electrically conductive or insulating as per desire. In the automotive industry, coated fabrics are used to manufacture air bags and seat covers. As the automotive industry touches new peaks in the near future, owing to rising population across the world, the demand for coated fabrics is anticipated to increment at a rapid rate during the forecast period of 2017 to 2025.
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Global Coated Fabrics Market: Key Trends
Apart from being utterly useful for the thriving automotive industry, coated fabrics are also used to make protective clothing for labors, which extends the horizon of its demand into several other flourishing industries. Strict government regulations such as European Union’s Directive 89/686/EEC and Australia’s Model Work Health and Safety Act are urging industries towards industrial protective clothing adoption. Food and beverage, chemical processing, agriculture, and law enforcement are some of the most prominent end-use industries for coated fabrics, after automotive. Conversely, this industry is facing stiff challenge from alternative materials including leather, plastic, uncoated fabrics, and rubber sheeting, which will hinder the growth rate to a certain extend during the forecast period.
In terms of products, the global coated fabrics market can be segmented into polymer, rubber, and fabric-backed wall coverings. Out of these, polymer coated fabrics serve maximum demand as it is relatively inexpensive as compared to other fabrics and offer desirable resistance to water, abrasion, and fire. As the regulations for safety spreads into several other emerging economies, the global polymer coated fabrics market is expected to flourish.
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Global Coated Fabrics Market: Market Potential
With technological advancements, the application of coated fabrics now extends to defense, marine, and aviation industries. Herein, coated fabrics are now extensively used for their attributes of barrier protection, air retention, abrasion resistance, and high strength to weight ratio. This factor will open new opportunities for the players in the global coated fabrics market. Moreover, consistent research and development in the field is sure to extend the application of coated fibrics into other fields and further expand the market.
Global Coated Fabrics Market: Regional Outlook
Nearly all regions are extending the demand for coated fabrics, with Asia Pacific growing at the best rate owing to vast population and a thriving automotive industry. Prosperity of healthcare industry is also expected to positively reflect on coated fabrics market in this region, especially in the emerging economies of India, China, Malaysia, and South Korea. In Europe, with stringent industrial safety regulations in the U.K, France, and Germany, protective clothing segment is most fruitful. Since the implementation of National Fire Protection Association (NFPA), OSHA, and ASTM, similar shift in the market is seen in the region of North America too, wherein the U.S. is extending the demand for coated fibrics to produce protective clothing for firefighting and law enforcement. In gulf, construction is at an all-new peak in the countries of UAE, Kuwait, Qatar, and Saudi Arabia, which serves the primary demand for coated fabrics to be used as safety clothing for the construction workers.
Global Coated Fabrics Market: Competitive Analysis
Saint-Gobain, Omnova Solutions, Canadian General Tower, Trelleborg, and Takata Corporation are some of the leading companies currently operational in this market, which is fragmented in nature with the presence of several local players.
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