Coronavirus Outbreak to Accelerate Polymer Coated Fabrics Market Trends
The report titled ‘Global Polymer Coated Fabrics Market – Growth, Share, Opportunities, and Competitive Analysis, 2018 – 2024′ offers strategic visions into the global polymer coated fabrics market along with the market size (Revenue – US$ Bn and Volume – Kilo Ton) and estimates for the duration 2018 to 2024. The said research study covers in-depth analysis of multiple market segments based on polymer type, textile material type, application, end-user and study across different topographies. The report is also inclusive of competitive profiling of the leading polymer coated fabric manufacturers, and latest developments.
Polymer coated fabrics are the fabrics made out of polymers which provide better adherence and protection from corrosion. The fabric can be based on rayon, nylon, polyester, etc. which is known as substrate and then it is coated with polymer named as coat. The coat applied on the fabric depends upon the application or needed properties required for that fabric. In polymer coated fabrics, polymer acts as a barrier towards penetration of gases, liquids and dust particles and contributes towards abrasion resistance.
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On the other hand, the fabric as substrate subsidizes towards strength and dimensional possessions. The innovative trend of conductive polymers for chemical detecting application is evolving in the global polymer coated fabrics market. The global market of polymer coated fabric is mainly driven by the rise in demand of end-use applications which includes transportation, industrial, protective clothing, etc. The main restraint is the usage of solvents in the manufacture of polymer coated fabrics, which is one of the major source of hazardous air pollutants and is considered environmentally unsafe. The market for polymer coated fabrics is anticipated to expand at a CAGR of 4.4% during the forecast period from 2018 to 2024. The global polymer coated fabrics market was valued at US$ 18.10 Bn in 2016.
The global polymer coated fabrics market is segmented on the basis of polymer type which includes polyvinyl, polyurethane, polyethylene, acrylics, aramids, latex, rubber, etc. On the basis of textile material type, the global polymer coated fabrics is segmented into knitted, woven and non-woven type. It is also segmented on the basis of application such as transportation, protective clothing, industrial, awning, canopies & roofing, furniture & seating. On the basis of end use industry, the global polymer coated fabrics are segmented into automobile, aerospace, military, chemical processing and others.
Polymer coated fabrics have mildew resistant, rot-proof, water resistant, dirt & oil-repellent and UV resistant properties, due to which they have a great demand in the transportation application. These fabrics are suitable for an extensive range of automotive end-use applications including air bags, interiors, boat seating, exteriors, seat belts, rafts, truck tarpaulins & covers, boat topping, and kayaks.
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Some of the major market players are Serge Ferrari Group, SRF Limited, Trelleborg AB, Sioen Industries NV, Spradling International Inc., Industrial Sedo S.L., Saint-Gobain SA, OMNOVO Solutions Inc., Continental AG, Spradling International Inc., Takata Corporation, Low & Bonar PLC, Heytex Bramsche GmbH, Dickson Constant, Seaman Corporation, The Haartz Corporation, Morbern Inc., Uniroyal Engineered Products LLC., Verseidag-Indutex GmbH, Obeikan Technical Fabrics Co. Ltd., Cooley Group Holdings, Inc., and Mount Vernon Mills, Inc., etc. These companies are focusing on strategic initiatives and mergers and acquisitions in order to cater to the increasing demand of the global polymer coated fabrics market.