Coated Fabrics Market Is Expected To Grow Rapidly Owing To Huge Demand In End User Industries Till 2020: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting. has announced the addition of “Global Coated Fabrics MarketAnalysis And Segment Forecasts To 2020” Market Research report to their Database.

Demand for the coated fabrics market is expected to rise from 3, 400 million square meters in 2013 to 4, 405 million square meters in 2020. Market incomes would exceed USD 22, 575 million by 2020. Product innovations and widening applications also drive the market. Industrialization proves favorable for market expansion.

Coated fabrics offer advantages like resistance to water, high elasticity, zero stickiness, and better thermal management & insulation. This makes them suitable for use in tents, airbags, upholstery, clothing, and some other products. They witness demand from diverse end-users including construction, apparel, automotives, and medicine.

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The strongly growing automotives industry in Asia Pacific will lead to higher adoption in airbags. Recovery of the construction industry, chiefly in India, Brazil, & China should also trigger demand for the coated fabrics market.

However, concerns regarding environmental sustainability may be a challenge. Coated fabrics are known to cause air pollution. Substitutes like leather, plastic, and uncoated fabrics also act as market restraints.

The market is segmented on the basis of products, applications, and geographies. Product segments include rubber, polymer, and fabric backed wall coverings. Polymer coated fabrics held over 84% revenues in 2013. They could dominate the market over the next six years. This may be attributed to low manufacturing costs, focus on safety, and strict regulations.

Fabric backed wall coverings would also generate more sales. Segment demand is spurred by the urban populace and resultant housing sector boom. Applications are divided into industrial, transportation, furniture, protective clothing, and others. Transportation accounted for the highest shares (33%) in 2013. The expanding automotives industry, particularly in India, Brazil, and China, is the main segment contributor.

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Widening rail & metro-rail networks in various parts of the world also drive this application. Furniture can get a boost from rising living standards. Regional segments of the coated fabrics market encompass Europe, North America, Asia Pacific, and Rest of the World (RoW). Mature regions such as North America and Europe would grow at CAGRs of 3.4% and 3.3% respectively from 2014 to 2020.

Asia Pacific led the market and produced around USD 7, 700 million in 2013. Its growth contributors comprise burgeoning population and expanding automotives & infrastructure. The expected Asian Pacific CAGR during 2014 to 2020 is 4%. The worldwide coated fabrics market is highly fragmented. Its major players comprise Saint-Gobain S.A., Takata Corporation, Omnova Solutions, and Spradling International Inc. 

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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