REPORT HIGHLIGHT
Rubber Coated Fabrics Market size was valued at USD 6,005.1 Million in 2022, expanding at a CAGR of 4.0% from 2023 to 2030.
Coated textiles are used to improve the characteristics of goods made of dynamic fabrics, offering advantages including antibacterial properties, metallic or electrically conductive qualities, and even phase-change capabilities. Smart textiles, which enable materials to be more responsive to electrical impulses and machine commands, are becoming more widely used as coating technology advances. Fabrics with rubber coatings are created utilizing spread coating or calendar coating techniques. The cloth substrate is treated with bonding chemicals. Depending on the intended application of the product, several rubber compounds may be employed to coat the fabric.
Rubber Coated Fabrics Market - Market Dynamics:
- Growing demand for aircraft drives the market growth
- The increasing demand for aircraft is expected to drive market growth during the forecast period. For instance, according to the International Civil Aviation Organization, the aviation industry is expanding quickly and will do so in the future. Over the next 20 years, demand for air travel will rise by an average of 4.3% per year. By 2036, if this development trajectory is followed, 15.5 million direct employment and $1.5 trillion in GDP would be generated by the global transportation sector. These figures might increase to 97.8 million employment and $5.7 trillion in GDP if the effects of international tourism are taken into consideration. No less than 200,000 flights per day are anticipated to take off and land by the middle of the 2030s. Thus, the aforementioned facts drive the market growth during the forecast period.
Rubber Coated Fabrics Market - Key Insights:
- As per the analysis shared by our research analyst, the global Rubber Coated Fabrics market is estimated to grow annually at a CAGR of around 4.0% over the forecast period (2023-2030)
- The Rubber Coated Fabrics industry is projected to grow at a significant rate owing to the growing demand from various industries such as automotive, aerospace, marine and others.
- Based on the type, the synthetic segment is expected to dominate the market during the forecast period.
- Based on the Industry Vertical, the transportation segment is expected to capture a significant market share over the forecast period.
- Based on region, the Asia Pacific is expected to dominate the market over the forecast period.
Rubber Coated Fabrics Market- Segmentation Analysis:
- The Global Rubber Coated Fabrics Market is segmented based on type, application, industry vertical and Region.
- Based on the type, the global Rubber Coated Fabrics market is segmented into natural and synthetic. The synthetic segment is expected to dominate the market during the forecast period. The durability and lifetime of synthetic rubber are superior in comparison to natural rubber. These characteristics mostly result from the material's resistance to deterioration and damage caused by chemicals, extreme heat or cold, ozone, sunlight, and weathering. Superior flexibility at low temperatures and usefulness as an electrical insulator are some further crucial characteristics. Additionally, it is significantly simpler and less expensive to create in many versions, which makes it the perfect choice for usage in applications with incredibly particular or one-of-a-kind needs. To improve or add certain material characteristics, such as flame resistance, custom formulations can be made. Thereby, propelling the market expansion.
- Based on the industry vertical, the global industry is segmented into building and construction, transportation, aerospace, marine, military & defense, industrial and others. The transportation segment is expected to capture a significant market share over the forecast period. The growth in the segment is attributed to the growing demand for rubber from automobiles, aerospace, marine and others. Rubber coated fabrics are suitable for a variety of automotive end-uses, including rafts, kayaks, airbags, seat belts, truck tarpaulins and coverings, boat seats, boat tops, and interior and exterior applications. To prevent smoke or any other dangerous gas from entering the cabin, airplanes utilize smoke seals composed of rubber-coated textiles. For qualities like fire resistance, rubber coated textiles are widely utilized in cable covers and sleeves. Therefore, the wide application of rubber coated fabrics in transportation drives the market growth.
Rubber Coated Fabrics Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. The Asia Pacific is expected to dominate the market over the forecast period. The growth in the region is owing to the growing automotive sector. For instance, according to the Society of Indian Automobile Manufacturers, a total of 38,90,114 passenger vehicles were sold overall, up from 30,69,523. In comparison to the prior year, sales of Passenger Cars climbed from 14,67,039 to 17,47,376, Utility Vehicles from 14,89,219 to 20,03,718 and Vans from 1,13,265 to 1,39,020 units in FY-2022-23. In addition, the rising building and construction investment is expected to propel the industry growth in the region during the analysis period.
Rubber Coated Fabrics Market- Competitive Landscape:
The key players operating in the market are: Trelleborg AB, RAVASCO, Fabri Cote, Longwood Elastomers, Cross Rubber Products Ltd., ContiTech AG, ZENITH RUBBER, Colmant Coated Fabrics, Takata, Montaplast GmbH, Unirub Techno India Pvt Ltd., Vikamshi Fabrics Pvt. Ltd. and Fothergill Group.
Recent Developments:
In April 2023, the TACTWEARTM High Abrasion Neoprene Kevlar® (HANK) unit of Trelleborg Engineered Coated Fabrics announced the signing of an exclusive distribution contract with MMI Textiles. Effective immediately, MMI Textiles will provide TACTWEARTM HANK in a range of weights, hues, and volumes. Trelleborg will be able to provide a wider variety of consumers with greater service due to this agreement.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL RUBBER COATED FABRICS MARKET KEY PLAYERS
- Trelleborg AB
- RAVASCO
- Fabri Cote
- Longwood Elastomers
- Cross Rubber Products Ltd.
- ContiTech AG
- ZENITH RUBBER
- Colmant Coated Fabrics
- Takata
- Montaplast GmbH
- Unirub Techno India Pvt Ltd.
- Vikamshi Fabrics Pvt. Ltd.
- Fothergill Group
GLOBAL RUBBER COATED FABRICS MARKET, BY TYPE
- Natural Rubber
- Synthetic Rubber
GLOBAL RUBBER COATED FABRICS MARKET, BY APPLICATION
- Hoses
- Ducts
- Gaskets
- Tank Seals
- Life Jackets
- Fire Blankets
- Military Apparels
- Welding Drapes
- Others
GLOBAL RUBBER COATED FABRICS MARKET, BY INDUSTRY VERTICAL
- Building and Construction
- Transportation
- Aerospace
- Marine
- Military & Defense
- Industrial
- Others
GLOBAL RUBBER COATED FABRICS MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA