Future Market Insights’ new report on the global market for polymer coated fabrics offers an analytical forecast on the market’s expansion for the period, 2017-2022. Key findings in the report reveal that the global polymer coated fabric market will soar steadily at a 5% CAGR, and procure US$ 20 Bn valuation by the end of 2022. The report also reveals that the Asia-Pacific excluding Japan (APEJ) region will be observed as the largest market for polymer coated fabrics, while the market in North America is anticipated to grow at a steady pace during the assessment period.
The demand for polymer coated fabrics in Middle East & Africa is also expected to gain traction, while Europe will procure nearly one-fourth share of global market value by the end of 2017.
PE Coated Fabrics to Record Fastest Sales through 2022
Moisture barrier properties of polymer coated fabrics are important for extending their application purview. Fabrics with Polyethylene (PE) coatings provide a range of mechanical and physical advantages, which are primarily derived from their characteristics. Production of PE coated fabrics continues to gain traction in the view of rising demand for polymer coated fabrics with low permeation tendency.
In 2017, PE coated fabrics will account for less than one-fifth share on global revenues. Although, over the forecast period, sales of PE coated fabrics are anticipated to record highest CAGR of 5.8%, compared to other product categories. The report also reveals that vinyl coated fabrics will be a top-seller in the overall polymer coated fabrics market, procuring over two-fifth share on global revenues by the end of 2017.
Dwindling Demand for Polymer Coated Fabrics made of Woven Textile Materials
In 2017, sales of polymer coated fabrics made from woven textile materials are pegged to procure one-third share over global revenues. But, defects in woven polymer coated fabrics – drop stitches, burl marks, bad selvedge, and soiled fillings, to name a few, have been lowering their uptake among end-users. In contrast to the declining demand for woven textile materials, the global market for polymer coated fabrics is expected to witness an uptick in demand for non-woven fabric materials.
Through 2022, non-woven polymer coated fabrics will reflect impressive revenue growth, and become sought-after in the global market. While knitted textile materials will contribute for the largest revenue share in the global polymer coated fabric market, their growth in terms of market revenues procured throughout the forecast period will be subpar.
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Promising Applications of Polymer Coated Fabrics
Manufacturers of polymer coated fabrics are likely to shift their focus towards their industrial applications, and in production of roofing, canopies and awnings. Between 2017 and 2022, application of polymer coated fabrics in production of canopies, roofing, and awnings will create an incremental opportunity of over US$ 600 Mn, registering an impressive revenue growth at 6% CAGR.
Another lucrative application for polymer coated fabrics include furniture & seating manufacturing. Their use in production of medical devices, geotextiles, and across verticals such as agriculture, sports & leisure, coated fabrics for defense and packaging will also showcase promising growth in the near future. On the other hand, transportation applications of polymer coated fabrics are expected to lose traction over the next five years.
Polymer Coated Fabrics Market: Competition Analysis
Understanding the structure of polymer coated fabrics market with respect to suppliers and buyers is vital for every market participant. The report offers a competitive landscape on polymer coated fabrics manufacturers, outlining their individual performance against industry standards. Companies namely, BASF SE, Akzo Nobel NV, Saint-Gobain, PPG Industries, Inc., Nippon Paint Holdings Co., Ltd., The Sherwin-Williams Company, The Valspar Corp., E I du Pont de Nemours and Company, Bayer AG, and 3M Company are profiled in the report as key players of the global polymer coated fabrics market.
A concise summary of the global polymer coated fabric market taxonomy is exhibited in the table below.
- North America
- Latin America
- Vinyl Coated Fabrics
- PU Coated Fabrics
- PE Coated Fabrics
- Others (acrylic, nylon 6, nylon 6-6, PA, PC, PEEK, PBT, and PET)
Textile Material Type
- Protective Clothing
- Roofing, Awnings & Canopies
- Furniture & Seating
- Others (Agriculture, Geotextiles, Medical, Sports & Leisure, And Packaging)