PUBLISHER: Grand View Research | PRODUCT CODE: 1530197
PUBLISHER: Grand View Research | PRODUCT CODE: 1530197
Textile Coatings Market Size & Trends
The global textile coatings market size was estimated at USD 4.19 billion in 2023 and is projected to grow at a CAGR of 4.3% from 2024 to 2030. The market is primarily driven by factors such as the widening scope of polymer types for coatings, innovations in the textile industry, and increasing standards for protective material around the world. These factors have led to the development of the textile coatings industry in emerging economies such as China, India, and others.
The wider end use scope of textile coatings has emerged as a significant driver for the market growth, as the demand for coated textiles extends across various industries and polymer types. They are utilized in diverse sectors, including transportation, industrial, clothing, medical, and technical textiles, due to their ability to enhance and extend performance. For instance, in the transportation industry, they are used for polymer types such as automotive airbags, where specialized coatings are essential to ensure the safety and performance of the protective materials.
The Chinese market is influenced by several important factors, including regulations, industry trends, and market dynamics. The presence of several small- and medium-sized manufacturers in China, along with the easy availability of low-cost labor and government support, is expected to contribute to healthy market growth. Moreover, the increasing industrial quality standards and regulations are encouraging the use of textile coatings in China. The demand for thermoplastic polyurethane products is expected to garner a significant share of total growth, reflecting the emphasis on advanced coating technologies and their polymer types in the Chinese market.
Innovations in production have significantly driven market growth, aiding the development of advanced materials and processes that enhance the performance and functionality of textiles. One notable innovation is the integration of novel materials and technologies to extend traditional functionality, resulting in the creation of modern fibers that are eco-friendly, resilient, and mechanically flexible. For example, the development of plant-based products and antimicrobial fabrics showcase the versatility and sustainability of textile innovations. These advancements have not only expanded the range of polymer types for textiles but have also created commercially viable and environmentally friendly alternatives, driving the market demand.
The emphasis on technical textiles has propelled the demand for specialized coatings that offer functionalities such as flame retardance, enhanced water resistance, antibacterial treatment, and protective coatings. This trend indicates the important role of innovation in driving market growth as manufacturers seek to meet the evolving requirements of technical products with advanced coating solutions. Furthermore, technological advancements in machinery, synthetic fibers, and logistics have transformed the textile industry, leading to the development of high-performance products that require specialized coatings for enhanced functionality.
Global Coatings Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global textile coatings market report based on polymer type, end use, and region:
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
Japan
India
South Korea
Brazil
Argentina
Colombia
Saudi Arabia
South Africa