Coated Fabrics Market Business Opportunities by Leading Players, Incremental Revenue Growth and Trends Outlook to 2027

 

Coated Fabrics Market

Lacquer, varnishes, rubber, and thermoplastic coatings are some of the products used to coat or treat coated fabrics. They are made of a pile and a smooth fabric. They are used in the transportation, protective clothing, roofing, furniture, and seating industries, among others.

The growing demand for coated fabrics from the automotive industry is expected to drive Coated Fabrics Market growth. The automotive industry is a major end-user of coated fabric. The rising production of lightweight passenger vehicles, combined with the government's increased investment in the automotive sector, is also expected to boost coated fabric market growth. As a result, growth in the automotive industry is expected to accelerate the growth of the coated fabric market.

The Global Coated Fabric Market Is Expected To Account For US$ 20854.6 Mn In Value And 5804 Kilo Tons In Volume By The End Of 2019, Growing At A CAGR Of 3.80% During The Forecast Period (2020-2027).

Polymer coated fabric is becoming increasingly popular due to its high flame and water resistance. Furthermore, they are less expensive than other product types. They are widely used in protective and technical clothing. This is also due to an increase in the various manufacturing industries. As a result, rising demand for polymer-coated fabric is expected to propel the coated fabric market forward.

The fluctuating price of raw materials used in the manufacture of coated fabric is expected to stymie Coated Fabrics Market growth. The two most commonly used raw materials in the production of coated fabric are formaldehyde and propionaldehyde. Due to extreme weather conditions, low powder coating adoption across North America is expected to limit coated fabric market growth. This is primarily in the United States, where it is affecting powder coating demand and, as a result, the growth of the coated fabric market.

The transportation industry is a new market opportunity for coated fabric, and it is expected to grow in the near future. Over the forecast period, the growing demand for coated fabric from rail and roadway transportation is expected to drive Coated Fabrics Market growth. Furthermore, the increasing use of conveyor belts and PTFE tapes made from coated fabric is expected to drive market growth in the near future. The chemical industry's expansion is driving demand for protective and technical fabrics. This is expected to create enormous market opportunities. Increased residential building construction is driving up demand for furniture. The coated fabric is also used in the production of furniture.  All these factors are projected to accelerate market growth over the forecast period.

Top Companies are- Geo Specialty Chemicals, Inc., Perstorp Specialty Chemicals AB, Henan Tianfu Chemical Co. Ltd., Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd., Shenzhen Vtolo Chemicals Co., Ltd.

Read the Complete Press Release of Coated Fabrics Market

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