Elastomer Coated Fabrics Market Analysis | 2023-2028

Market Insights

The elastomer coated fabrics market was estimated at USD 9.29 billion in 2022 and is likely to grow at a CAGR of 4.16% during 2023-2028 to reach USD 11.48 billion in 2028.

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Market Dynamics

Introduction

Elastomer-coated fabrics are specialized materials that combine the durability of textiles with the flexibility and resilience of elastomers. These fabrics are coated with elastomeric materials like silicone, polyurethane, or rubber, enhancing their resistance to abrasion, water, chemicals, and extreme temperatures. Known for their high elasticity and strength, elastomer-coated fabrics are widely used in industries such as automotive, aerospace, healthcare, and construction. Their applications include inflatable structures, protective clothing, gaskets, and conveyor belts. The coating process not only improves the fabric's performance but also extends its lifespan, making it a reliable choice for demanding environments and versatile industrial applications.

Market Drivers

The elastomer coated fabrics market is driven by a host of factors, some of which are noted below:

• Growing automotive industry demand for elastomer coated fabrics.
• The market expansion of elastomer coated fabrics is being fueled by India and other Southeast Asian nations.
• The automotive industry is expected to experience growth in demand for elastomer-coated fabrics, driven by increased usage of silicone and thermoplastic polyurethane fabrics for abrasion resistance and flexibility in body moldings, interiors, instrument panels, seat covers, and drive belts.
• Rapid global air travel demand drives growth in commercial aircraft manufacturing, driving the elastomer coated fabric market to accommodate more passengers.

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Key Players

The following are the key players in the elastomer coated fabrics market:?

• Continental AG
• Low & Bonar PLC
• Saint-Gobain SA
• Omnovo Solutions Inc.
• Takata Corporation
• Seaman Corporation
• Serge Ferrari Group
• Sioen Industries NV
• Spradling International Inc. 

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Application Type

"Transportation segment is projected to maintain its dominance over the forecast period"

The market is segmented as transportation; protective clothing; industrial; roofing, awnings, & canopies; furniture & seating; and others. The transportation segment is projected to maintain its dominance over the forecast period owing to the rising demand from aircraft, automotive, and marine industries. Properties such as water, UV, and rot resistance are also likely to boost the segment’s demand over the forecast period.

By Product Type

"Silicone coated fabrics’ segment accounted for the largest share of the market in 2021"

The market is segmented as TPU coated fabrics, TPO coated fabrics, silicone coated fabrics, and rubber coated fabrics. The silicone coated fabrics’ segment accounted for the largest share of the market in 2021, and is expected to maintain its dominance, on account of the growing demand for protective clothing and industrial applications. Improving safety regulations for workers are also likely to augment the growth of the segment over the forecast period.

Regional Analysis

"Asia-Pacific is expected to be the largest market during the forecast period"

Asia-Pacific is expected to be the largest market. The Asia-Pacific’s market is expected to grow with a lucrative CAGR due to growing industrialization coupled with heavy investments in industries such as automotive, oil & gas, chemical, infrastructure, and steel. China and India are the growth engines of the region.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s elastomer coated fabrics market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The elastomer coated fabrics market is segmented into the following categories. 

By Application Type

• Transportation  
• Protective Clothing 
• Industrial
• Roofing, Awnings, & Canopies 
• Furniture & Seating 
• Others 

By Product Type

• TPU Coated Fabrics 
• TPO Coated Fabrics 
• Silicone Coated Fabrics 
• Rubber Coated Fabrics 

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

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