NEW YORK, Nov. 8, 2016 /PRNewswire/ --
"Increasing demand for polymer coated fabrics to drive the coated fabrics market"
The global coated fabrics market is estimated to reach USD 20.41 billion in 2016 and is projected to reach USD 24.91 billion by 2021, at a CAGR of 4.1% from 2016 to 2021. The market is largely driven by the increased demand from end-use applications such as transportation, protective clothing, industrial, among others. The major restraint is the use of solvents in the production of coated fabrics, which is a major source of Hazardous Air Pollutants (HAPs) and is considered environmentally unsafe.
"Transportation is the fastest-growing market for coated fabrics"
Coated fabrics have a high demand in the transportation application due to its rot-proof, dirt & oil-repellent, mildew resistant, water resistant, and UV resistant properties. These properties of coated fabrics are appropriate for a wide range of automotive end-use applications such as interior, exterior, air bags, seat belts, and truck tarpaulin & covers, boat seating, boat topping, rafts, and kayaks. The rising demand for coated fabrics from the oil & gas industry is expected to boost the market for coated fabrics in the Asia-Pacific region and North America.
"Asia-Pacific to lead the market during the forecast period"
The rising demand is driving the market for coated fabrics in the Asia-Pacific region. The market in the region is driven by the increased demand from China and India. China is the largest market in the region. The demand in the oil & gas, transportation, roofing, awning & canopies applications is growing at a high rate in the region.
In the process of determining and verifying the market size for the several segments and subsegments, gathered through secondary research, extensive primary interviews were conducted as follows:
- By Company Type: Tier 1 (31%), Tier 2 (46%), and Tier 3 (23%).
- By Designation: C-level (46%), Director Level (27%), and others (27%)
- By Region: Asia-Pacific (59%), North America (25%), Europe (10%), Rest of the World (6%).
Various key players profiled in the report include SRF Limited (India), Trelleborg AB (Sweden), Spradling International Inc. (U.S.), Industrial Sedo S.L. (Spain), Serge Ferrari Group (France), Saint-Gobain S. A. (France), Sioen Industries NV (Belgium), OMNOVA Solutions Inc. (U.S.), Continental AG (Germany), Takata Corporation (Japan), Low & Bonar PLC (U.K.), Heytex Bramsche GmbH (Germany), Dickson-Constant (France), Seaman Corporation (U.S.), The Haartz Corporation (U.S.), Spradling International Inc. (U.S.), Morbern Inc. (Canada), Uniroyal Engineered Products LLC. (U.S.), Verseidag-Indutex GmbH (Germany), Obeikan Technical Fabrics Co. Ltd. (Saudi Arabia), Cooley Group Holdings, Inc. (U.S.) and Mount Vernon Mills, Inc. (U.S.).
The report segments the global coated fabrics market on the basis of product, application, and region. The major types covered in the report are, polymer coated fabrics, rubber coated fabrics and fabric backed wallcoverings. The applications include transportation, protective clothing, industrial, roofing, awnings, & canopies, and furniture & seating. The market is also segmented on the basis of regions, namely, Asia-Pacific, Europe, North America, and rest of the world.
Reasons to buy this report:
This research report is focused on various levels of analyses—industry analysis (industry trends), market share analysis of the top players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the global coated fabrics market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on coated fabrics offered by the top players in the global coated fabrics market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the global coated fabrics market
- Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for coated fabrics across regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global coated fabrics market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global coated fabrics market
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