NEW YORK, July 7, 2015 /PRNewswire/ -- The market for coated fabrics is estimated to grow on account of rising safety measures in the transportation application and growing regulatory policies for worker's safety. The flourishing transportation application in emerging economies and increasing use of coated fabrics for agricultural and industrial applications are expected to act as an opportunity for this market.
Region-wise, the market in Asia-Pacific is estimated to dominate the coated fabrics market. Growth in Asia-Pacific is led by the rising automobile sales coupled with increasing demand for airbags and seat belts in the region. North America is estimated to be the second-largest market for coated fabrics and is projected to have a steady growth rate between 2015 and 2020. The transportation segment is projected to be the largest market of coated fabrics as a result of rapid urbanization and increasing demand for coated fabrics from applications such as truck covers, topcoat, automotive interiors, seating, and airbags among others.
The report analyzes the coated fabrics market trends and forecasts till 2020. The market size has been provided in terms of market volume (Million Meter Square) and value ($Million). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, product portfolio, and recent developments.
The coated fabrics market is projected to reach $23,013.0 million by 2020at a CAGR of 4.1% from 2015 to 2020. The transportation application is anticipated to constitute a major part of the overall coated fabrics market. The protective clothing segment is projected to witness a highest growth rate between 2015 and 2020.
The coated fabrics industry is focusing towards new product developments & launches to expand their product portfolio to meet the different requirements of the end-use industries. The companies involved in this market are extensively engrossed into new product developments & launches and expansions. The company profiled in this report includes as OMNOVA Solutions Inc. (U.S.), Trelleborg AB (Sweden), Saint-Gobain SA (France), Takata Corporation (Japan), Continental AG (Germany), Sioen Industries NV (Belgium), Spradling International Inc. (U.S.), Haartz Corporation (U.S.), Uniroyal Engineered Products LLC (U.S.), and Morbern Inc. (Canada) among others.
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