Tarpaulin Sheets Market Set for Exponential Growth, Buoyed by Rising Need for Water-proof Outdoor Fabric Solutions, Says FMI
Tarpaulin, or tarp, is a predominant and well known source of low-cost water resistant fabric. Tarpaulin sheets are the most preferred and globally accepted solution for protecting a wide range of products from snow fall, dust, direct exposure to sunlight, and other environmental factors. Tarpaulin sheets also have applications in agricultural warehouses, in the construction industry, and for construction of camping tents. Currently, there are different types of tarpaulin sheets commonly made from materials such as HDPE, PVC, nylon, and cotton canvas. Revenue for the global tarpaulin sheets market is driven by growth in end-use sectors such as agriculture, building & construction, automotive, and other industries. Export has increased in various industries over the last decade, owing to the rise in urbanization. As a result, the tarpaulin sheets market is expected to grow at a considerable pace.
Tarpaulin Sheets Market
A recent market report published by Future Market Insights on the tarpaulin sheets market ...
The tarpaulin sheets market is estimated at US$ 7,586.3 Mn in 2019, and is anticipated to witness a volume CAGR of 4.0% in terms of value during the forecast period of 2019-2028.
Key Takeaways of Tarpaulin Sheets Market Study
- Key players are focusing on developing products that are associated with manufacturers and consumer convenience to leverage opportunities arising from the growing demand for all-weather-resistant covering solutions.
- APEJ is expected to account for above 45% of the market volume share, and is expected to witness above average growth during the forecast period. The region has high penetration of tarpaulin sheets manufacturers.
- Across the globe, tarps made from Polyethylene (PE) are widely used. These tarps have a range from 60 GSM to 240 GSM and in terms of grades have a range between light-duty to medium-duty, and are used in a numerous ways. Generally, polyethylene strips are woven and laminated to make the tarp water resistant.
“China and India are developing economies, where the construction and transportation industries are witnessing significant growth. Manufacturers can leverage this lucrative opportunity and offer cost-effective tarpaulin sheets to various end users,” says an FMI analyst.
Manufacturers to Target Asia
Majority of the Asian market is growing and most of the regional companies are operating at the cost-economical light & medium duty tarpaulin products of the market not for the tough heavy duty PVC tarpaulin sheets market. Companies earlier tended to be involved in low value HDPE tarpaulin sheet production and exported low quality products. But with the economic boom, Asia now accounts for a large portion of the global tarpaulin sheets market. To tap the potential of the Asia tarpaulin sheets market, leading players in the region are collaborating and expanding their manufacturing facilities to introduce new and economical product offerings and to meet the rapidly increasing demand from various industries in the region.
About Tarpaulin Sheets Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global tarpaulin sheets market, analysing historical demand from 2013-2018 and forecast statistics for 2019-2028. The study offer growth projections of the tarpaulin sheets market on the basis of material (polyethylene (PE), poly vinyl chloride (PVC), polyethylene terephthalate (PET), polyamide (PA), and canvas), product weight (less than 100 GSM, between 100 to 300 GSM, between 300 to 600 GSM, and above 600 GSM), lamination type (2 layers, 3 layers laminate, 4 layers laminate, and above 4 layers), and end-use (agriculture, building & construction, automobiles, storage, warehousing & logistics, consumer goods, and others) across seven major regions.
About Packaging Division at Future Market Insights
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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