Textile Coatings Global Market Report 2024

Description

Textile Coatings 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 textile coatings 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.

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Where is the largest and fastest growing market for textile coatings? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The textile coatings 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.

Scope

Markets Covered:

1) By Type: Thermoplastics; Thermosets; Other Types
2) By Coating Method: Direct Coating; Direct Roll Coating; Pad-Dry-Cure Coating; Foamed And Crushed Foam Coating; Hot Melt Extrusion Coating; Calender Coating; Other Coating Types
3) By Technology: Dot Textile Coating Technology; Full Surface Textile Coating Technology
4) By End-User: Clothing; Transportation; Construction; Home Furnishing; Healthcare
Companies Mentioned: Covestro AG; The Lubrizol Corporation; Huntsman International LLC; Solvay SA; Clariant AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Textile coating involves applying resin onto a textile substrate, enhancing its performance and aesthetic qualities. This process significantly augments the value of textiles, extending their durability and functionality.

The primary types of textile coatings include thermoplastics, thermosets, and other variations. Thermoplastics represent coatings that do not chemically react during the drying process. Various methods are employed for coating textiles, such as direct coating, direct roll coating, pad-dry-cure coating, foamed & crushed foam coating, hot melt extrusion coating, calendar coating, among others. Technologies utilized include dot textile coating and full surface textile coating. Textile coatings find applications in diverse sectors such as clothing, transportation, construction, home furnishing, and healthcare, contributing to improved performance and aesthetics across these industries.

The textile coatings market research report is one of a series of new reports from The Business Research Company that provides textile coatings market statistics, including textile coatings industry global market size, regional shares, competitors with a textile coatings market share, detailed textile coatings market segments, market trends and opportunities, and any further data you may need to thrive in the textile coatings industry. This textile coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The textile coatings market size has grown strongly in recent years. It will grow from $6.04 billion in 2023 to $6.40 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth observed in the historical period can be attributed to several factors, including the demand emanating from the apparel industry, consumer preferences shifting towards performance textiles, the expansion of the sportswear industry, a growing focus on sustainable textile practices, the enforcement of stringent regulations, and increased consumer awareness regarding health and safety aspects related to textiles. These factors collectively contributed to the growth and development of the textile coating industry during that time.

The textile coatings market size is expected to see strong growth in the next few years. It will grow to $7.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. Anticipated growth in the forecast period is expected to stem from various factors, including the increased demand for smart textiles, customization options in textile coatings, expansion of the home textiles market, a focus on sustainable and eco-friendly practices through green chemistry, rising demand for high-performance outdoor textiles, and the influence of fast-fashion trends. Major trends anticipated in the forecast period encompass the expanded use of technical textiles in construction applications, advancements in nanotechnology influencing textile coatings, the evolution of digital printing and coating technologies, emphasis on specialized coatings for technical textiles, and increased collaborations in research and development efforts within the textile industry.

The textile coating market is poised for growth, driven by the expanding clothing industry. The clothing sector encompasses the production of textile-based garments and apparel. Textile coatings play a crucial role by providing material layers that adhere to textile structures. Common formulations include polymeric binders and various additives applied to textile fabrics through spreading processes like solutions, dispersions, pastes, or similar methods. In 2021, the value-added output of U.S. textile manufacturing reached $16.59 billion, and by May 2023, textile and apparel exports in the U.S. rose to $34 billion from $28.4 billion in 2021. This upward trend underscores the significant impact of the growing clothing industry on driving the textile coating market forward.

Anticipated growth in the construction industry is expected to be a key driver for the textile coatings market. The construction industry encompasses a range of tasks involved in building structures and infrastructure. Textile coatings find applications in construction materials such as membranes, awnings, and roofing, providing waterproofing and protection against environmental elements. In 2021, the Fails Management Institute reported an 18% growth in multi-family residential construction spending activities in the U.S., amounting to $111 billion. Globally, this figure is projected to increase to $136 billion by 2025. This surge in construction industry demand underscores the pivotal role of textile coatings in addressing waterproofing needs and safeguarding structures.

Leading companies in the textile coatings market are concentrating on product innovation to enhance customer offerings. One such innovation is G-Heatex, a line of graphene-coated textiles designed to deliver reliable performance. Introduced in November 2021 by Grafren AB, a Swedish nanotechnology company, G-Heatex features conductive fabric made from fibers coated with the thinnest flakes of graphene. This product's applications span across various industries, including military, aerospace, healthcare, mobility, and automotive, showcasing the versatility and adaptability of innovative textile coatings like G-Heatex.

Prominent players in the textile coatings market are dedicated to product innovation, exemplified by the introduction of Dartex MicroClimate EcoPlus. Developed to offer reliable services to customers, Dartex MicroClimate EcoPlus is a polyurethane-coated fabric renowned for its exceptional chemical resistance and unparalleled breathability. Launched in November 2023 by Trelleborg AB, a Sweden-based engineering company, this innovative fabric boasts a moisture vapor transfer rate (MVTR) exceeding 20%. Beyond its technical merits, Dartex MicroClimate EcoPlus is designed with environmental sustainability in mind, emphasizing waste reduction and contributing to sustainable development. Widely utilized in industries such as healthcare and medicine, this product underscores the industry's commitment to advancing both performance and environmental responsibility.

In a strategic move in September 2021, IMCD N.V., a Netherlands-based company specializing in specialty chemicals and ingredients formulation, successfully acquired Aquatech Speciality Trading Company Limited for an undisclosed amount. This acquisition has bolstered IMCD's Coatings & Construction Business Group's portfolio in China, complementing its future-oriented offerings. Aquatech's coatings business aligns seamlessly with IMCD's commitment to becoming a formidable partner in China for sustainable coatings solutions. With a shared focus on value creation and sustainability, the collaboration leverages IMCD's global network, technical expertise, and local presence to deliver enhanced value to customers and partners in driving sustainability within the coatings sector. Aquatech Speciality Trading Company Limited, a Chinese company specializing in coatings and ink, adds strategic depth to IMCD's presence and capabilities in the region.

Major companies operating in the textile coatings market report are Covestro AG, The Lubrizol Corporation, Huntsman International LLC, Solvay SA, Clariant AG, 3M Company, Akzo Nobel N.V., Arkema group, BASF SE, Berger Paints India Limited, Covestro AG, DSM Coating Resins Ltd., DuPont de Nemours Inc., Eastman Chemical Company, Evonik Industries AG, Kansai Nerolac Paints Limited, KCC Corporation, Omnova Solutions Inc., PPG Industries Inc., Solvay S.A., Sumitomo Chemical Company, Tanatex Chemicals B.V., Dow Inc., Sherwin-Williams Company, Valspar Corporation, Wacker Chemie AG, Zschimmer & Schwarz, Archroma Management LLC, LANXESS Aktiengesellschaft, Perstorp Holding AB, RPM International Inc.

Asia-Pacific was the largest region in the textile coating market in 2023. The regions covered in the textile coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the textile coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The textile coating market consists of revenues earned by entities by polyvinyl chloride, polyurethane, acrylics, polyolefins, nylons, EVA, styrenebutadiene rubber and natural rubber. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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.

Product Code: r13101

1. Executive Summary

2. Textile Coatings Market Characteristics

3. Textile Coatings Market Trends And Strategies

4. Textile Coatings Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Textile Coatings Market Size and Growth

5.1. Global Textile Coatings Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Textile Coatings Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Textile Coatings Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Textile Coatings Market Segmentation

6.1. Global Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Thermoplastics
Thermosets
Other Types
6.2. Global Textile Coatings Market, Segmentation By Coating Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Direct Coating
Direct Roll Coating
Pad-Dry-Cure Coating
Foamed And Crushed Foam Coating
Hot Melt Extrusion Coating
Calender Coating
Other Coating Types
6.3. Global Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Dot Textile Coating Technology
Full Surface Textile Coating Technology
6.4. Global Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Clothing
Transportation
Construction
Home Furnishing
Healthcare

7. Textile Coatings Market Regional And Country Analysis

7.1. Global Textile Coatings Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Textile Coatings Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Textile Coatings Market

8.1. Asia-Pacific Textile Coatings Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Textile Coatings Market

9.1. China Textile Coatings Market Overview
9.2. China Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Textile Coatings Market

10.1. India Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Textile Coatings Market

11.1. Japan Textile Coatings Market Overview
11.2. Japan Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Textile Coatings Market

12.1. Australia Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Textile Coatings Market

13.1. Indonesia Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Textile Coatings Market

14.1. South Korea Textile Coatings Market Overview
14.2. South Korea Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Textile Coatings Market

15.1. Western Europe Textile Coatings Market Overview
15.2. Western Europe Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Textile Coatings Market

16.1. UK Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Textile Coatings Market

17.1. Germany Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Textile Coatings Market

18.1. France Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Textile Coatings Market

19.1. Italy Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Textile Coatings Market

20.1. Spain Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Textile Coatings Market

21.1. Eastern Europe Textile Coatings Market Overview
21.2. Eastern Europe Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Textile Coatings Market

22.1. Russia Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Textile Coatings Market

23.1. North America Textile Coatings Market Overview
23.2. North America Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Textile Coatings Market

24.1. USA Textile Coatings Market Overview
24.2. USA Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Textile Coatings Market

25.1. Canada Textile Coatings Market Overview
25.2. Canada Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Textile Coatings Market

26.1. South America Textile Coatings Market Overview
26.2. South America Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Textile Coatings Market

27.1. Brazil Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Textile Coatings Market

28.1. Middle East Textile Coatings Market Overview
28.2. Middle East Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Textile Coatings Market

29.1. Africa Textile Coatings Market Overview
29.2. Africa Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Textile Coatings Market Competitive Landscape And Company Profiles

30.1. Textile Coatings Market Competitive Landscape
30.2. Textile Coatings Market Company Profiles
- 30.2.1. Covestro AG
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. The Lubrizol Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Huntsman International LLC
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Solvay SA
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Clariant AG
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Textile Coatings Market Competitive Benchmarking

32. Global Textile Coatings Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Textile Coatings Market

34. Textile Coatings Market Future Outlook and Potential Analysis

34.1 Textile Coatings Market In 2028 - Countries Offering Most New Opportunities
34.2 Textile Coatings Market In 2028 - Segments Offering Most New Opportunities
34.3 Textile Coatings Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer