PUBLISHER: The Business Research Company | PRODUCT CODE: 1425733
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425733
Polymer Coated Fabrics Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on polymer coated fabrics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for polymer coated fabrics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The polymer coated fabrics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Polymer-coated fabrics involve applying an additional layer atop textile fabric to heighten its resistance to abrasion, particularly beneficial for high-friction materials like personal protective equipment (PPE), power transmission belts, backpacks, footwear, and synthetic leather products.
Within the realm of polymer-coated fabrics, prominent products include vinyl-coated fabrics, PU-coated fabrics, PE-coated fabrics, and various other formulations. Vinyl-coated fabrics encompass a powder coating that shields the base material from UV rays, abrasion, and corrosion. These materials be they knitted, woven, or non-woven are extensively utilized across diverse sectors such as transportation, protective clothing, roofing, awnings and canopies, furniture and seating, and find applications in industries like automobile, aerospace, marine, chemical processing, military, and more.
The polymer coated fabrics market research report is one of a series of new reports from The Business Research Company that provides polymer coated fabrics market statistics, including polymer coated fabrics industry global market size, regional shares, competitors with polymer coated fabrics market share, detailed polymer coated fabrics market segments, market trends, and opportunities, and any further data you may need to thrive in the polymer coated fabrics industry. This polymer coated fabrics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The polymer coated fabrics market size has grown strongly in recent years. It will grow from $21.54 billion in 2023 to $22.79 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth observed in the historical period can be ascribed to various factors, including robust industrial applications, heightened demand within the automotive sector, utilization in outdoor and recreational equipment, architectural applications, significant presence in the medical and healthcare sector, as well as its integration into consumer goods industries.
The polymer coated fabrics market size is expected to see strong growth in the next few years. It will grow to $28.7 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. Anticipated growth in the forecast period is linked to several key factors, notably the surging sustainability trends, ongoing technological advancements, increased investments in healthcare infrastructure, the burgeoning e-commerce landscape, rapid urbanization, and infrastructure development, along with the steadfast resilience of the outdoor and sports industry. Notable trends expected in this period encompass customization catering to design and aesthetics, the integration of smart textiles, expanded application in medical and healthcare textiles, and the fostering of strategic partnerships across industries.
The polymer-coated fabrics market anticipates a significant boost due to rapid urbanization. Urbanization concentrates populations into specific zones, necessitating versatile fabric applications in residential and commercial sectors. These fabrics, including carpets, airbags, and architectural elements, cater to diverse sectors such as defense, transportation, healthcare, and sports. As per the United Nations Department of Economic and Social Affairs in September 2021, the global urban population reached 4.46 billion in 2021 and is expected to soar to 6.68 billion by 2050. This expansion in urban living is poised to stimulate the growth of the polymer-coated fabrics market.
The construction industry's robust growth is set to drive the polymer-coated fabrics market. These fabrics find extensive use in constructing innovative architectural elements like tensile membrane structures and roofing materials due to their design flexibility, durability, and weather resilience. According to the United States Census Bureau in August 2023, the U.S. construction industry witnessed a 0.5% rise in spending, reaching an estimated annual rate of $1,983.5 billion. This figure represents a significant 7.4% increase from August 2022, highlighting the substantial influence of the burgeoning construction sector on the polyester-coated fabric market's expansion.
Technological advancements take center stage as a significant trend in the polymer-coated fabrics market, driving innovation and market sustenance. Major market players are investing in advanced technologies to fortify their positions. Rivertex Technical Fabrics Group introduced 'Rivercyclon' in March 2022, an eco-friendly, recyclable, and lightweight alternative to PVC-coated fabrics. It boasts exceptional UV resistance, welding strength, and a weight advantage of up to 40% over PVC-coated options. Such technological breakthroughs are pivotal in shaping industry standards and fostering sustainable fabric alternatives.
Strategic product developments like polyurethane-coated fabrics are pivotal for industry players in sustaining their market position. For instance, Trelleborg Engineered Coated Fabrics unveiled 'Dartex Microclimate EcoPlus' in November 2023, a revolutionary polyurethane-coated fabric elevating standards in medical devices and mattress covers. This fabric exhibits unmatched breathability, chemical resistance, and sustainability, redefining performance benchmarks. In the medical and bedding sectors, polyurethane fabrics offer superior protection against liquids and allergens, coupled with enhanced comfort through effective moisture management. Such product innovations signify a commitment to meeting industry needs and advancing fabric excellence in crucial applications.
In January 2021, Cooley Group, a US-based company engaged in polymeric solutions for containment, print media, waterproofing, signs & shades, and custom work acquired Vintex for an undisclosed amount. With this acquisition, Vintex's healthcare division will offer coated textiles for medical devices, as well as antimicrobial and washable products. Vintex is a US-based company engaged in durable polymer coated fabric, technical textiles, and custom-coated fabrics.
Major companies operating in the polymer coated fabrics market report are CRRC Corporation Limited, Alstom SA, Siemens AG, Wabtec Corporation, Hyundai Rotem Company, Bombardier Inc., Stadler Rail AG, Hitachi Ltd., Ballard Power Systems Inc., Construcciones y Auxiliar de Ferrocarriles SA, Rolls-Royce Holdings PLC, The Kinki Sharyo Co. Ltd., Toshiba Infrastructure Systems & Solutions Corporation, Vivarail Ltd., Thales Group, Kawasaki Heavy Industries Ltd., Cummins Inc., ABB Ltd., General Electric Company, Caterpillar Inc., Voith GmbH & Co. KGaA, Mitsubishi Heavy Industries Ltd., Vossloh AG, Skoda Transportation AS, Newag S.A., PESA Bydgoszcz S.A., Staubli Electrical Connectors AG, Prodrive Technologies B.V., TMH International AG, ZF Friedrichshafen AG, Faiveley Transport S.A., Knorr-Bremse AG, Akiem Group S.A., Talgo S.A.
Asia-Pacific was the largest region in the polymer coated fabrics market share in 2023. The regions covered in the polymer coated fabrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the polymer coated fabrics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The polymer-coated fabrics market consists of sales of polycarbonates, nylon 6-6, polyamide, polyether ether ketone, and polyethylene terephthalate coated fabrics. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.