The global market for coated fabrics
is expected to reach USD 22,576.7 million by 2020, according to a new study by
Grand View Research, Inc. Coated fabrics market is expected to witness rapid
growth due to positive outlook on application markets and product innovation.
Increasing growth in automotive industry is also expected to boost the coated
fabrics market over the forecast period. Rising demand for protective clothing
due to its wide application in food processing, agriculture, chemical
processing is expected to fuel the market growth of coated fabrics. The global
construction industry has seen a steady recovery over the last three years,
enhanced infrastructure spending, particularly in Brazil, China and India is
expected to be mirrored in the demand for coated fabrics.
Transportation was the largest
application segment for coated fabrics, accounting for nearly 1,183 million
square meters of total demand in 2013, due to their increasing use in airbags.
Upturn in automotive production, especially in emerging markets of India, China
and Brazil is expected to be a key factor for market development over the next
six years. Protective coatings accounted for coated fabric demand of 526.7
million square meters in 2013, owing to its favorable insulation and thermal
management properties.
Browse full research report on Coated
Fabrics Market: http://www.grandviewresearch.com/industry-analysis/coated-fabric-market
Further key findings from the study suggest:
- Global
coated fabrics demand was 3,400.2 million square meters in 2013 and is
expected to reach 4,400.0 million square meters by 2020, growing at a CAGR
of 3.8% from 2014 to 2020.
- Asia
Pacific was the largest regional market for coated fabrics, with revenue
exceeding USD 7,600 million in 2013. It is further expected to grow due to
surging population, increasing automotive demand and growing
infrastructure spending. In addition, Asia Pacific is also expected to
witness fastest growth, at an estimated CAGR of 5.1% from 2014 to 2020.
- North
America and Europe are expected to witness demand growth at an estimated
CAGR of 3.5% and 3.2% from 2014 to 2020, respectively.
- Polymer
coated fabric accounted for over 85% of market share of coated fabrics in
2013, due to its wide use in automotive, personal protective clothing,
healthcare and furniture applications. It is expected to witness demand
growth at an estimated CAGR of 3.9% from 2014 to 2020.
- The
global coated fabrics market is fragmented and includes players such as
Omnova Solutions, Saint-Gobain S.A., Spradling International Inc., Takata
Corporation, Trelleborg AB, ContiTech AG and Isotex S.p.A.
For the purpose of this study,
Grand View Research has segmented the global coated fabrics market on the basis
of production, application and region:
• Coated Fabrics
Product Outlook (Volume, Million square meters; Revenue, USD Million, 2012 -
2020)
• Polymer coated fabrics
• Rubber coated fabrics
• Fabric backed wall coverings
• Coated Fabrics Application Outlook (Volume, Million square meters; Revenue, USD Million, 2012 - 2020)
• Transportation
• Protective clothing
• Industrial
• Furniture
• Others
• Coated Fabrics Regional Outlook (Volume, Million square meters; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
• Polymer coated fabrics
• Rubber coated fabrics
• Fabric backed wall coverings
• Coated Fabrics Application Outlook (Volume, Million square meters; Revenue, USD Million, 2012 - 2020)
• Transportation
• Protective clothing
• Industrial
• Furniture
• Others
• Coated Fabrics Regional Outlook (Volume, Million square meters; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
Access press release of this
research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-coated-fabrics-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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