Coated Fabrics Market Overview

Global coated fabrics market is witnessing a significant growth currently, mainly due to the rapid industrialization across the world. Owing to their enhanced physical and mechanical properties such as tensile strength, elasticity, elongation, and wear resistance, coated fabrics are used in a diverse range of applications, including protective clothing, military tents, other military applications, and so on. Besides, increasing demand for fabrics with fire-protective-coating-layers is escalating the growth of the market to furthered heights.

The global coated fabric market size was USD 34.93 billion in 2020 and is projected to reach USD 49.45 billion by 2030, exhibiting a CAGR of 4.9% during the forecast period (2021-2030).

According to Market Research Future (MRFR), the global coated fabrics market is expected to witness a significant increase by 2023, growing at a phenomenal CAGR during the forecast period (2021-2030).  Technological advances that have brought about innovative coating materials, such as plasma coatings, inkjet deposition, and nanomaterial, among others, are acting as major growth drivers for the market. Growth in the global economy is providing ample opportunities for the growth of the market.

Also, growing construction activities across the globe are expected to contribute to market revenues. A spurting growth in the automotive and transportation industry is acting as a key driving force for the market growth.   Additionally, factors such as the advancements in coating technology, growth in the paints & coatings sectors, and untapped or disuse markets are generating a huge market demand.

Also, coated fabrics make a great choice for wearable light-emitting devices. The ability to power wearable light-emitting devices without bulky energy generators and storage systems remains a major obstacle in the way of incorporating these wearable devices into everyday life. The chemical stability and safety for skin that metal-coated clothing offers make it an excellent choice for wearable materials.

On the other hand, fluctuating prices and the demand-supply gap of the raw materials required for the production of coated fabrics are impeding the growth of the market. Also, stringent regulations pertaining to the coated fabrics production, alongside the highly capital intensive nature of the market is projected to hamper the market increase, barring the entry for new market participants.

Global Coated Fabrics Market -   Segmentations

The analysis is segmented into three major dynamics.

By Regions: Europe, Americas, Asia Pacific, Middle East & Africa, and Rest-of-the-World.

By Product Type: Polymer Coated, Rubber Coated, Fabric Backed, and others.

By Application: Transportation, Protective Clothing, Industrial, Furniture, and others.

Coated Fabrics Market Regional Analysis

Asia Pacific dominates the global coated fabrics market, mainly due to the growing automobile production in the region. Additionally, the rapid industrialization in the region is providing a considerable impetus to market growth, creating a massive demand for protective clothing. Besides, developing infrastructures, growing per capita income of the population, and increasing urbanization in the region, fosters the growth of the market.

Moreover, strict regulations for industrial safety implemented by the Fire Safety Forum Asia (FFSA), alongside other norms such as the Industries Development and Regulation Act of India, provide substantial growth opportunities to the coated fabrics market. The APAC coated fabrics market is estimated to retain its leading position throughout the assessment period.

North America stands second in the global coated fabrics market, primarily due to the increasing number of industries in the region. Besides, the average population growth in the region is generating a huge demand for energy. Subsequently, there is a massive growth in energy production (E&P) activities, deep drilling activities, and shale gas exploration activities, which, as a result, increases the demand for clothing with fire-protection coating. The US coated fabrics market, heading with the recent shale gas boom and stringent FDA regulation, drives a massive share of the regional market, augmenting the protective clothing applications.

The European coated fabrics market is growing vigorously, primarily due to the presence of major automakers in the region.  Moreover, increasing the production of passenger vehicles is estimated to propel the regional market growth further. Substantial advancements in coating technologies, alongside the increasing government support for R&D, and stringent regulations for workers safety, foster the growth of the regional market. The coated fabrics market in Europe is expected to grow at a decent CAGR during the forecast period.

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Global Coated Fabrics Market -    Competitive Analysis

Highly competitive, the global coated fabrics market appears fragmented due to the presence of several small and big players. To extend their global footprints and maximize their profit, these players focus on increasing their market share through M&A. Also, collaborations, expansions, and product/technology launch remain key strategies for these players to gain a larger competitive share in the market.

Since, the product & technology launch- based competition is trending, these fervent players initiate R&D activities. They invest substantially in developing coated fabrics with advent technology. This trend is predicted to continue in the future, as the established players want to harvest upon a larger market share. Local players are extending their foothold in the market by offering products at lower prices, which attracts end users.

Major Players:

Players leading the coated fabrics market include Takata Corporation (Japan), Omnova Solutions Inc. (US), Saint-Gobain (France), Mauritzon Inc. (US) Sioen Industries NV (Belgium), Graniteville Specialty Fabrics (US), ContiTech AG (Germany), Serge Ferrari Group (France), Isotex S.p.A. (Italy), Trelleborg AB (Sweden), and Heytex Bramsche GmbH (Germany), among others.

Industry/ Innovation/ Related News:

March 05, 2020 --- Scientists at surface & materials chemistry dept., University of Windsor (Canada), announced the development of light-emitting clothing made with stretchable, gold-coated fabric, which could be used to make the ultimate safety garments. In the magazine, Journal Matter, researchers explain that they decided to use a typical ultrasheer pantyhose as the transparent conductor, which is needed in all light-emitting devices as their proposal involves applying electroless nickel-immersion gold metallization.

The solution-based metal-deposition technique is often used to make printed circuit boards, and it only deposits metal on nylon and spandex fiber surfaces. The gold coated on the fabric acts as an electrode and sends power to a light-emitting material made of zinc sulfide, copper, and silicone, which shines through the semi-transparent, flexible fabric.

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