Polymer Coated Fabrics Market Analysis | 2023-2028

Market Insights

The polymer coated fabrics market was estimated at USD 18.4 billion in 2022 and is likely to grow at a CAGR of 4.13% during 2023-2028 to reach USD 23.55 billion in 2028.

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Market Dynamics

Introduction

Polymer coated fabrics, commonly known as technical textiles, are textile materials that are treated and glazed with various types of polymers, in order to enhance mechanical properties such as elasticity, elongation, fiber strength, and wear resistance of the textile. In order to yield a range of beneficial structural properties, primarily, weather and corrosion resistance, oil and dirt impermeability, and marked fabric abrasion, the coating of textile surfaces can be done with one or more than one type of polymers.

Profuse feasible combinations with other polymer materials are one of the key factors creating lucrative opportunities in the technical fabric industry.  Polymer coated fabrics find widespread applications in a broad spectrum of industries, such as aerospace & defense, automotive, electronics, chemical processing, and geotextile, owing to specific performance properties they possess.

Market Drivers

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

• The demand for polymer-coated fabrics is primarily driven by increasing safety measures in both developed and developing economies, particularly in transportation applications.
• The market is anticipated to experience further growth opportunities due to emerging technologies like plasma coating, nanomaterials, and inkjet deposition.
• The transportation industry is expected to dominate the global polymer-coated fabric market due to its superior properties like elasticity, oil resistance, abrasion resistance, and transparency.
• The Asia-Pacific region is expected to be the fastest-growing market due to consumption from countries like China, India, and Japan.

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Segment Analysis

By Polymer Type

"Polyurethane coated fabric segment held the largest share of the market in 2022"

The market is segmented as vinyl polymer, polyurethane, polyethylene, and other polymers. The polyurethane coated fabric segment held the largest share of the market in 2022 and is expected to remain dominant during the forecast period. Superior properties such as transparency, elasticity, and resistance to oil, grease, and abrasion make them the preferred choice if there is a requirement for unusual impact and abrasion resistance.

Major applications are rainwear, waterproof protective clothing, upholstery, luggage, footwear, glove, waterproof mattress cover, inflatable boats, and recreational items, among others. Since they protect both primary antioxidants as well as the polymers during processing, hydrolytically stable phosphites & phosphonites are generally the most frequently used polymer stabilizers.

By Application Type

"Transportation segment dominates the market during the forecast period"

The polymer coated fabrics market is segmented as transportation, protective clothing, industrial, roofing, awnings, & canopies, furniture & seating, and others. The transportation segment dominates the market, owing to the increasing use of polymer coated fabrics in various transportation applications such as interior, exterior, airbags, seatbelts, and covers.

In the automotive industry, frontal airbags are considered as a major life-saving technology. Increasing installation of airbags in various vehicles due to stringent government regulations of vehicle safety and security measures are the major factors impacting the market positively. Rising demand for passenger and commercial vehicles resulting in the expansion of the automotive industry is another factor contributing towards the growth of the market during the forecast period.

Regional Analysis

"Asia-Pacific is estimated to be the largest as well as the fastest-growing market during the forecast period"

Asia-Pacific is estimated to be the largest as well as the fastest-growing polymer coated fabrics market during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of the transportation industry in various key economies, which is boosting the demand for automobiles.

Rapid industrialization in China and India, accompanied by the increasing incorporation of safety features in industrial segments is also likely to drive the market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Key Players

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

• Continental AG
• Low & Bonar PLC (Mehler Texnologies)
• OMNOVA Solutions Inc.
• Saint-Gobain S.A.
• Seaman Corporation
• Serge Ferrari Group
• Sioen Industries NV
• Spradling International, Inc.
• SRF Limited
• Trelleborg AB

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

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s functional polymer 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 polymer coated fabrics market is segmented into the following categories:

By Polymer Type

• Vinyl Polymer
• Polyurethane 
• Polyethylene
• Other Polymers 

By Application Type

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

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 polymer types by application type.  

Competitive Benchmarking

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

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com