Polymer Coated Fabrics Market Size, Share, Demand & Trends by 2032
The global polymer coated fabrics market stands at US$ 20.73 Bn as of now and is expected to reach US$ 34.1 Bn by the year 2032 at a CAGR of 5.1% between 2022 and 2032.
The polymer coated fabrics market is basically driven by the transportation, textile, and furniture verticals. With mandates by government agencies regarding protective clothing, the market is bound to substantiate in the upcoming period.
At the same time, fluctuations in the prices of raw materials are likely to restrain the polymer coated fabrics market. The other factor would be non-uniformity of regulations laid down all over. The developing economies are yet to look through these regulations in the first place.
Additionally, recycling of polymers is one of the burning issues herein, and this scenario is expected to remain unchanged even in the forecast period. Future Market Insights, with the help of its line of expertise in the form of analysts and consultants, has walked through these nitty-gritties with insights in its latest market study entitled ‘Polymer Coated Fabrics Market’. The macros as well as micros are being worked upon.
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Key Takeaways from Polymer Coated Fabrics Market
North America holds the largest market share. This could be attributed to chemical and pharmaceutical verticals pressing for protective clothing to adhere to regulations imposed by the US FDA. Europe is led by the UK and Germany. This could be reasoned with these two regions being manufacturing hubs for lightweight vehicles. The Asia-Pacific is expected to grow at the fastest rate in the polymer coated fabrics market with India and China leading with respect to production of upholstered furniture, apparel and their accessories, and motor vehicles. Competitive Fabrics
TechStyles, in April 2021, came up with various new products for addressing challenges like longer lead times, higher minimums, and rising costs. AFF TechStyles, in March 2021, did develop TechArt, which comes across as a digitally printed and coated fabric joining ranks of its textile products featuring custom images or pre-developed designs. Fenner Precision Polymers, in February 2020, went ahead with expansion of its portfolio if coated textiles by completing acquisition of Fabri Cote (a manufacturer of custom rubber-coated fabrics to cater to the aerospace vertical). Proquinal Costa Rica, in July 2020, did announce reinvesting US$ 20 Mn in its Costa Rics-based coated fabric manufacturing plant. This measure would let implementing a new-fangled process, thereby expanding export capacity. Muse Nanobots, in August 2020, did launch nanotech coating, especially for the textiles that claim inactivation of Coronavirus within merely 5 minutes of contact. In January 2022, Haydale announced that its functionalized GNPs would be used by iCraft in its THERMiTTM (graphene-coated fabric). Trelleborg Industrial Solutions, in January 2022, did acquire coated fabrics business of Alpha Engineered Composites for enhancing its area of specializations comprising aerospace, railway bellows, and various engineered industrial items. BASF, in July 2022, entered into partnership with Permionics Membranes for applying the ultrason E polyethersulfone polymer to the coated textiles working as particle and bacterial filters for the face masks. “With demand for safety measures in transportation along with strict regulations being laid down for the safety of workers, the global polymer coated fabrics market is expected to grow on a splendid note in the forecast period”, says an analyst from Future Market Insights.
What does the Report encompass?
The research study is based on product type (vinyl coated fabrics, PU coated fabrics, PE coated fabrics, and likewise (acrylic, nylon 6, PA, PC, nylon 6-6, PET, and PBT), by textile material type (knitted, woven, and non-woven), and by application (transportation, protective clothing, industrial, roofing, awnings & canopies, furniture & seating, and likewise). Growing utility of rubber-coated fabric to obtain protective clothing coupled with manufacturing military wear would continue to drive the polymer coated fabrics market in the forecast period. Polymer Coated Fabrics Market Outlook By Category
By Product Type:
Vinyl Coated Fabrics PU Coated Fabrics PE Coated Fabrics Others (acrylic, nylon 6, nylon 6-6, PA, PC, PEEK, PBT, and PET) By Textile Material Type:
Knitted Woven Non-Woven By Application:
Transportation Protective Clothing Industrial Roofing Awnings & Canopies Furniture & Seating Others (Agriculture, Geotextiles, Medical, Sports & Leisure, And Packaging) By Region:
North America Latin America Europe East Asia South Asia & Pacific Middle East & Africa Browse Full Report: https://www.futuremarketinsights.com/reports/polymer-coated-fabrics-market