Coated Fabric Market By Product, By Application, By Geography — Global Industry Analysis, Growth, Share, Size, Trends, And Forecast 2019–2026

The Global Coated Fabric Market is valued to reach USD 30.0 Billion by 2023. The market is set to grow at a CAGR of 4.2% over the forecast period 2020–2026, owing to factors like rising safety measures in the transportation application, rise in demand for protective clothing, increase in automotive sales and use of coated fabrics as low-cost alternative leather.

Get Sample Report: https://dataintelo.com/request-sample/?reportId=77573

Coated fabric are specialized materials wherein polymer layers can be polyvinylchloride, polyacrylate layers and polyurethane. To enhance their properties, suitable additives are added such as binders, fungicides, filling materials, etc. Coated polymers are blended with the textile material by using coagulation method/s. The use of coating technique to its maximum extent has resulted in adding nanoporous polymers to textile substrate. The market witness an increase in use of these products as they are gaining a commercial importance in the specialized clothing industry. Their widespread in the protective clothing suffices the market demand.

On contrary, the market also experiences shortcoming to fulfil the safety demands through protective clothing based out of fibre and yarn. Use of composite materials pertaining to the structure and properties, coated fabrics are designed. Features such as protection against UV radiation, durability, strength and other factors are evident upon employing for industrial use. Further, polymer coatings are used based on chemical compositions and a new type of polymer additives are developed. As globalization imparts positive influence of technology on consumers and suppliers, the market embraces a significant use of coated textile. This is mainly expected due to the versatility and abrasion resistance.

Coated Fabric Market Trends, Drivers and Opportunities:

The coated fabric market is highly driven by growing concerns for safety at on-the-job site and parallel rise in demand. In addition, the market also witness a cumulative growth in the scope of chemicals, infrastructure, and extensive investments. Demand for military wear and industrial clothing acts as a major driver. Increase in use of manufacture of industrial tapes is likely to contribute to the major developments in the market. Technological innovations such as functional use of specialized clothing is helping the market growth by leap and bounds. However, price volatility, governing regulations and environmental concerns are acting as restraints in the market. In addition, shift in end-user applications are likely to affect the market growth throughout the forecast period.