PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1333997
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1333997
The rubber coated fabric market is projected to grow from USD 6,357 million in 2023 to USD 7,787 million by 2028, at a CAGR of 4.1% from 2023 to 2028. The rubber coated fabric contactor market is on the way to intense growth due to different applications, including protective suits & gloves, boats & gangway bellows, transmission and conveyor belts, outdoor gear & rainwear, and gaskets & diaphragms.
"By type, the natural rubber coated fabric is expected to be the second larger segment during 2023 to 2028."
The need for eco-friendly materials is rising as environmental sustainability is being stressed more and more. The latex of rubber trees, which is used to make natural rubber coated fabric, is regarded as a renewable and biodegradable resource. Industries and consumers looking for environmental-friendly solutions is driving demand for natural rubber coated fabric.
"By application, protective suits & gloves segment is estimated to grow at the highest CAGR during 2023 to 2028."
Chemical production, pharmaceuticals, healthcare, construction, and agriculture are some of the few industries which are exposed to harmful materials, chemicals, and biological agents. Rubber coated fabric offers resistance to physical, chemical, and penetrating concerns, acting as a barrier against these occupational risks. Thus, the desire for reliable protection drives the market for rubber coated fabric in protective suits and gloves.
"By end-use, protective clothing was the largest segment in 2022, by volume."
Chemical production, pharmaceuticals, healthcare, construction, and agriculture are some of the few industries which are exposed to harmful materials, chemicals, and biological agents. Rubber coated fabric offers resistance to physical, chemical, and penetrating concerns, acting as a barrier against these occupational risks. Thus, the desire for reliable protection drives the market for rubber coated fabric in protective suits and gloves.
"By region, Europe is expected to be the second largest market in 2023, by value."
Many industries in Europe need specialized rubber coated fabric for particular applications. For instance, rubber coated cloth is required by the marine and offshore industries for oil containment booms, fender systems, and boat covers. Rubber coated fabric is used by the aerospace industry for gaskets, wing seals, and fuel tank gaskets on aircraft. Thus, the need for specialized rubber coated fabric in these applications fuels the market's expansion in the region.
The rubber coated fabric contactor report is dominated by players, such as Continental AG (Germany), Trelleborg AB (Sweden), Saint-Gobain S.A (France), Colmant Coated Fabrics (France), The Rubber Company (England), White Cross Rubber Products Limited (England), Caodetex S.A. (Argentina), Auburn Manufacturing, Inc. (US), Fothergill Group (England), Arville Textiles Limited (England), Zenith Rubber (India), Bobet Company (France), and others.
The report defines, segments, and projects the size of the rubber coated fabric contactor market based on type, application, end-use, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as product launch, agreement, acquisition, and investments undertaken by them in the market.
The report is expected to help the market leaders/new entrants in the market by providing them with the closest approximations of revenue numbers of the rubber coated fabric contactor market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.