PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1587764
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1587764
According to Stratistics MRC, the Global Rubber Coated Fabrics Market is accounted for $6.66 billion in 2024 and is expected to reach $9.34 billion by 2030 growing at a CAGR of 5.8% during the forecast period. Rubber-coated fabrics are textiles that have been treated or covered in rubber to increase their durability, water resistance, and flexibility. Because of the protective barrier this coating method produces, the fabric can be used in a variety of sectors, including sports, construction, healthcare, and the automobile industry. Both natural and synthetic rubber can be utilized, and the materials that are produced have properties including UV protection, chemical resistance, and abrasion resistance.
According to India Brand Equity Foundation (IBEF) , India's textile and apparel exports (including handicrafts) stood at $ 44.4 billion in 2022, with a 41% increase YoY.
Growing Demand in Automotive and Construction Sectors
The expanding demand in the automotive and construction industries has a substantial impact on the rubber-coated textiles industry. These textiles are crucial to the production of weather-resistant parts, protective coverings, and long-lasting interiors in the automobile sector. Rubber-coated textiles are also used in the construction industry for weatherproofing materials, tarpaulins, and protective gear. Improved material performance results from improved use, which stimulates innovation and output.
Raw Material Price Fluctuations
Raw material price changes have a detrimental impact on the rubber-coated fabrics, increasing production costs and diminishing producers' profit margins. It can be challenging for businesses to stay competitive when pricing plans are unpredictable due to volatility in the prices of rubber and synthetic materials. Long-term market growth may be impacted by this instability, which may also make it more difficult to invest in new breakthroughs and technology.
Technological Innovations
Technological advancements have a significant impact on the rubber-coated fabrics by allowing the production of innovative materials with superior qualities. Applications in a variety of sectors, including automotive, aerospace, and healthcare, are drawn to innovations including lightweight composites, improved durability, and environmentally friendly coatings. These developments meet strict safety criteria by improving performance qualities like fire retardancy and water resistance. The market gets more competitive as producers spend money on research and development to produce high-performance solutions, which propels growth and increases prospects for specialty rubber-coated fabric products.
Environmental Concerns
Environmental issues have a detrimental effect on rubber-coated textiles because they raise customer expectations for sustainable practices and regulatory scrutiny. Sustainability concerns are brought up by the environmental impact of rubber manufacture and disposal, which makes certain companies, reevaluate their material selections. This change may restrict market expansion since businesses are under pressure to provide environmentally friendly substitutes.
The COVID-19 pandemic disrupted the rubber-coated fabrics market by causing supply chain interruptions and production halts. However, demand surged for healthcare applications, such as personal protective equipment (PPE) and medical textiles. As industries adapt to new safety standards and increased hygiene awareness, the market is witnessing a shift toward innovative and sustainable rubber-coated solutions, driving long-term growth opportunities.
The textiles segment is expected to be the largest during the forecast period
The textiles segment is expected to be the largest during the forecast period because of the need for novel and useful materials. Due to their increased comfort, water resistance, and durability, these textiles are being utilized more and more in upholstery, sportswear, and outdoor equipment. Product development is further influenced by the movement toward sustainable and eco-friendly fabrics, which pushes producers to produce rubber-coated choices that satisfy consumer preferences. The rise of the textile industry encourages further innovation and expansion in the market for rubber-coated fabrics as fashion and practicality meet.
The healthcare segment is expected to have the highest CAGR during the forecast period
The healthcare segment is expected to have the highest CAGR during the forecast period as these materials are necessary for medical equipment, protective apparel, and hygiene goods, assuring safety and compliance with strict health laws. Innovation in rubber-coated textiles is also fueled by developments in medical technology. The market is growing as a result of the increased emphasis on patient safety and infection control, which is driving up demand for premium, specialty textiles in the healthcare industry.
North America is projected to hold the largest market share during the forecast period because the adoption of innovative rubber-coated textiles is boosted by the region's emphasis on high-performance materials and safety standards. Furthermore, improvements in durability and environmentally friendly coatings satisfy customer demands for sustainable goods. North America continues to be a key participant in the global market for rubber-coated textiles, supporting development and technical improvements with a strong manufacturing base and rising expenditures in infrastructure projects.
Asia Pacific is projected to witness the highest CAGR over the forecast period due to rising industrialization, increased automotive production, and infrastructure development. The market is also being shaped by the region's emphasis on sustainable materials and technology improvements. Furthermore, the demand for rubber-coated textiles is increased by rising awareness of safety regulations and protective equipment, making Asia-Pacific a major player in the worldwide market.
Key players in the market
Some of the key players in Rubber Coated Fabrics Market include Ahlstrom-Munksjo, Continental AG, Dawson Group, Dunlop Conveyor Belting, Firestone Building Products, Goodyear Tire & Rubber Company, Herculite Products Inc., Hexcel Corporation, Mammas Fabrics, Marley Eternit, Midland Rubber & Gasket Co., Milliken & Company, Saint-Gobain, Serge Ferrari Group, Sioen Industries, Tarpaulin Company, The Haartz Corporation, Trelleborg AB, Vanderbilt Chemicals, LLC and W. L. Gore & Associates.
In October 2024, Continental boosted the production capacity of its tire plant in Rayong, Thailand, by additional 3 million units per year. The gradual expansion plan of the operations stands for a planned total investment of more than 300 million euros (13 billion Thai Baht).
In September 2024, Continental and Vitesco Technologies have reached an agreement based on their corporate separation agreement regarding the appropriate allocation of costs and liabilities from the investigations in connection with the supply of engine control units and engine control software.
In September 2024, Continental expanded its aftermarket product range in original equipment quality and will present the highlights at Automechanika.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.