Engineered Coated Fabrics Market Forecast Analysis | 2019-2024

Market Insights

Increasing demand for lightweight products, development of new high-performance applications using engineered coated fabrics, advancement in technology, and the introduction of stringent government standards regarding safety are some of the major factors that are bolstering the demand for engineered coated fabrics in various end-use industries.

The demand for engineered coated fabrics is creating ample opportunities for manufacturers today and they are moving with a purpose to improve the overall customer experience by enhancing the performance of engineered coated fabrics. The developing market of engineered coated fabrics is set to grow at a healthy CAGR in the coming years.

Our estimates show that the engineered coated fabrics market will grow at a healthy growth rate over the next five years to reach US$ 923.6 million in 2024.

Want to know more about the market scope? Register Here

What are engineered coated fabrics?

Engineered coated fabrics refer to a type of fabric that is highly technically coated with a polymer to improve performance. These fabrics are used in a wide array of industries including automotive, aerospace and defense, marine, and oil and gas. Some of the key applications are aerostats, evacuation slides, seals and gaskets, fuel storage, and health & medical accessories such as wound retractors, etc.

Market Dynamics

Key forces impacting the engineered coated fabrics market are –

• Growing automotive and aircraft industry – The demand from two major growing segments automotive and aircraft industry is likely to drive the global engineered coated fabrics. Engineered coated fabrics are often lighter than traditional materials, such as metal and plastic. Aircraft and automotive industries are looking for lighter materials and these fabrics are ideal for applications where weight is a critical factor.
• Increasing focus on the safety of workers – The awareness towards the workplace is growing gradually demanding upgraded and updated safety or protection clothing. The demand for safety or protection clothing in almost all industries is pushing the demand for engineered coated fabrics since they are often used for manufacturing safety clothing.

Want to have a closer look at this market report? Click Here

Segment Analysis

By End-use Industry Type

Based on the end-use industry type, the engineered coated fabrics market is segmented into Automotive, Aerospace & Defense, Oil & Gas, Marine, and Others. Automotive is likely to remain the most dominant segment of the market over the next five years. Growing demand for lightweight yet durable parts for achieving higher fuel efficiency and increasing passenger safety concerns are the major factors bolstering the demand for engineered coated fabrics in the automotive industry.

The aerospace & defense segment is likely to grow at the highest rate during the forecast period, driven by increasing aircraft deliveries, growing safety concerns, stringent government regulations, and increasing usage of engineered coated fabrics in ballistic jackets, safety floats, and other defense applications.

By Process Type

Based on the process type, the market is bifurcated into Calendaring, Hot-Melt, Knife, and Others. Calendaring is the most widely preferred coating process in the market. It is considered as an ideal process for rubber-based fabric processing and is very good at handling heat-sensitive polymers. The hot-melt coating process is projected to grow at the highest rate, owing to its low-processing time. In the hot-melt coating process, the coating material can be applied without any organic solvents at a high application rate, which leads to its low-processing time.

By Substrate Type

Based on the substrate type, the market is segmented into Polyester, Fiberglass, Aramid, Polyamide, and Others. Fiberglass substrate is expected to remain the fastest-growing segment of the global market during the forecast period (2019-2024), whereas polyester, aramid, and polyamide, other major substrate types, are likely to witness healthy growth rates over the next five years. Fiberglass substrates offer high-tensile strength and possess excellent resistance to heat and flame, making them one of the most preferred substrates for engineered coated fabrics.

Regional Insights

Based on the regions, North America is projected to remain the largest market for engineered coated fabrics during the forecast period, driven by both OE as well as aftermarket segments. The USA is the growth engine of the region’s market and has the presence of almost all major engineered coated fabric manufacturers including Omnova Solutions and Uniroyal Global Engineered Products. Consistent growth in the automotive and aerospace & defense industries is likely to boost the overall demand for engineered coated fabrics in the North American market.

Asia-Pacific is likely to witness the highest growth during the forecast period, driven by a host of factors, such as an increasing automobile production, propelled by beefing up the production of existing plants as well as rolling out new plants; growing aerospace & defense industry, supported by increasing defense budget and rising passenger traffic; growing textile industry and a gradual shift of manufacturing base from the developed economies to the developing Asian economies. China and Japan are likely to remain the major growth engines of the market, whereas India is likely to be the new growth engine of the region’s market in the coming years.

Know the high-growth countries in this report. Register Here

Market Segmentation

This report studies the market covering a period of 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 engineered coated fabrics market is segmented into the following categories.

By End-Use Industry Type

• Automotive
• Aerospace & Defense
• Oil & Gas
• Marine
• Others

By Coating Type

• Polyurethane Coating
• Rubber Coatings
• Silicon Coatings
• Other Coatings

By Substrate Type

• Polyester Substrates
• Fiberglass Substrates
• Aramid Substrates
• Polyamide Substrates
• Other Substrates

By Coating Process Type

• Calendaring Process
• Hot-Melt Process
• Knife Process
• Other Processes

By Region

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

Click Here, to learn the market segmentation details.

Key Players

The supply chain of this market comprises raw material suppliers, engineered coated fabric manufacturers, distributors, and end-users.

The key engineered coated fabrics manufacturers are-

• Graniteville Specialty Fabrics Inc.
• Lamcotec Inc.
• Omnova Solutions Inc.
• Orca – by Pennel & Flipo
• Trelleborg AB
• Uniroyal Global Engineered Products Inc.
• Vintex Inc.

Some of the key end-users in the industry are-

• Boeing
• Airbus
• Spradling International Inc.
• Modern Inc.

Research Methodology

For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are 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.

We leverage the multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

Report Features

This report, from Stratview Research, studies the engineered coated fabrics market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024. 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.

What Deliverables Will You Get in this Report?

Report Customization Options

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 application types by coating 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 to sales@stratviewresearch.com.