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    Polymer Coated Fabrics Market Size Forecast to Reach $24.8 Billion by 2026
    (I-BusinessNews.Com, June 17, 2021 ) Polymer Coated Fabrics Market is forecast to reach $24.8 billion by 2026, after growing at a CAGR of 5.3% during 2021-2026. Globally, the demand for polymer-coated fabrics is expected to witness healthy growth during the forecast period driven by increasing demand for the polymer-coated fabrics in the automotive and transportation industry. Furthermore, the rising demand of protective clothing is expected to create new opportunities for the growth of the global polymer-coated fabrics industry in the predicted era.



    Impact of Covid-19

    The COVID-19 pandemic and subsequent halt in manufacturing activities had a huge impact on the supply availability of polymer-coated fabrics for automotive in the year 2020. Furthermore, looking forward towards the new normal condition the production for automotive has risen, owing to which the demand and supply for polymer-coated fabrics is also anticipated to rise over the forecast period.



    Polymer Coated Fabrics Market Segment Analysis - By Type



    Polyurethane-coated fabrics held the largest share in the year 2020. PU-coated fabrics have better properties, such as elasticity, transparency, and oil, grease and abrasion resistance. They are particularly preferred if unusual impact and abrasion resistance are required. PU-coated fabrics are used primarily for applications including waterproof protective clothing, rainwear, upholstery, footwear, luggage, glove, inflatable boats, waterproof mattress cover, and recreational items. One of the most effective stabilizers is phosphites & phosphonites, since both primary antioxidants and polymers are protected during processing. The most frequently used polymer stabilizers are generally hydrolytically stable phosphites & phosphonites. Thus, increasing demand of polyurethane coated fabrics will further drive the market for polymer coated fabrics in the forecast period.



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    Polymer Coated Fabrics Market Segment Analysis - By Applications



    The transportation sector held the largest share in the polymer coated fabrics market in 2020 and is projected to grow at a CAGR of 4.8% during the forecast period 2021-2026. This growth is due to the increasing use of polymer coated fabrics in different transport applications. Polymer-coated fabrics are used primarily for a wide range of automotive applications such as indoor, outdoor, airbags, seatbelt, and coverings. Requirement for coated fabrics is expected to observe remarkable escalation due to its advanced properties including better insulation, high water resistance, ability to drape lack of stickiness, high elasticity and thermal management properties. Rapid industrialization is likely to have a constructive effect on the market for polymer-coated fabrics. According to India Brand Equity Foundation, the rapidly globalizing world is opening up new possibilities for the transport industry, particularly as it switches to electric, electronic and hybrid vehicles, which are perceived to be more efficient, safe and stable modes of transport. Also, it estimates that Indian auto component manufacturers are well positioned to benefit from the globalization of the industry as the export capacity could be expanded by up to US$ 30 billion by 2021. Thus, the increasing use of coated fabrics in transportation will further drive the market for polymer coated fabrics over the forecast period.



    Polymer Coated Fabrics Market Segment Analysis - By Geography



    Asia-Pacific held the largest share with 33% in polymer coated fabrics market in 2020. Globally, the market for polymer coated fabrics is rising due to rapid urbanization and massive industrial growth in key countries such as China, Japan, India, and South Korea. The increasing demand from transport, protective clothing, and industrial applications drives the market for polymer-coated fabrics at APAC region. The major countries driving the polymer coated fabrics market in APAC are China, Japan and South Korea. According to International Trade Administration, China is the world’s largest vehicle market, with China expecting automobile production to reach 30 million units by 2020 and 35 million by 2025. Also, according to India Brand Equity Foundation in 2018, India became the fourth largest automotive market with sales rising to 3.99 million units from 8.3 percent year-on-year. Also, in 2018 it was the seventh-largest commercial vehicle manufacturer. Hence due to the rising demand for polymer coated fabrics in this region the market is anticipated to boost in the forecast period.



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    Polymer Coated Fabrics Market Drivers



    Increasing demand for polyethylene coated fabrics



    Coating fabrics made from polyethylene (PE) provide a range of mechanical and physical advantages, primarily derived from their properties. In view of the increasing demand for polymer-coated fabrics with low permeation tendency, production of PE-coated fabrics continues to gain traction. Coated textiles made from polyethylene have many advantages over other materials. The properties of moisture barriers are important to extend their application purview. The materials have a basic structure consisting of a high-strength woven fabric with impermeable coating on both sides. Polyethylene membranes offer the best UV protection, are mildew-resistant, rot-resistant, and are vertically resistant to all known chemical attacks. Due to such qualities the demand for polyethylene coated fiber is increasingly used for industrial use. Also, polyethylene offers a unique drapability and softer hand owing to which it is anticipated to rise in the forecast period.



    Growing demand in protective clothing applications



    Polymer-coated fabrics can be easily modified, and according to the fabric's requirements and applications, production properties such as electrical conductivity, fire resistance, and weather resistance can be improved. Consumers nowadays prefer more durable and sustainable materials particularly for their clothes and shoes. For protective clothing and shoes, polyurethane is widely used because it is softer and non-sticky than other material. Furthermore, polyurethane-coated fabrics have better properties, such as resistance to elasticity, grease and oil, transparency and are proof of abrasion. These types of fabrics are also preferred during unusual impact, and are primarily used for various applications including waterproof protective clothing, rainwear, luggage, upholstery, footwear, waterproof mattress cover, gloves, inflatable boats, and other recreational items. Polymer-coated fabric is experiencing a high demand from the protective clothing and industrial segment because it is more economical, durable and environmentally friendly behavior. As a result of which the market for polymer-coated fabric is expected to rise in the upcoming years.



    Polymer Coated Fabrics Market Challenges



    Effects of using vinyl in products



    Polyvinyl chloride (PVC or vinyl) is the worst plastic for our health and environment, releasing hazardous chemicals which can cause manufacturing cancer to be disposed of. PVC products often contain hazardous toxic additives such as phthalates and lead which can reach out to consumers and pose hazards. The vast majority of PVC made is used in the manufacture of coated fabrics. A growing number of companies have committed to phasing out their products from vinyl-coated fabrics, and have vowed to create safer and healthier alternatives for their customers. Hence, various harmful effects of PVC will further create hurdles for the polymer coated fabrics market in the forecast period.



    Polymer Coated Fabrics Market Landscape



    Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the polymer coated fabrics market. Major players in the polymer coated fabrics market are Trelleborg AB, Cooley Group Holdings, Inc., Takata Corporation, Spradling International Inc., Sioen Industries NV, Seaman Corporation, Omnovo Solutions Inc., Archroma and Continental AG among others.



    Acquisitions/Technology Launches



    In July 2019, Archroma launched an ultra-low VOC polymer coating technology based on water that delivers high performance to coated fabrics, such as indoor and outdoor textiles, nonwovens, and papers.



    In July 2018, Trelleborg AB acquired Laminating Coating Technologies Inc. (Lamcotec) (US) to strengthen its position in the US market.



    Key Takeaways



    The Asia-Pacific dominated the polymer coated fabrics market in 2020 owing to the increasing use of polymer coated fabrics in the automotive industry for making fabrics for vehicle interiors and exteriors.



    Worker safety concerns in different industries have strengthened the demand for polymer-coated fabrics as an essential component of protective clothing.



    Stringent government standards from National Fire Protection Associations (NFPA) has provided regulations for shale exploration and the renewable chemicals industry on labor safety and security steps taken by firms to improve consumer demand for polymer coated fabrics.



    Related Reports :



    A. Coated Fabrics Market

    https://www.industryarc.com/Report/16453/coated-fabrics-market.html



    B. Textile Coatings Marke

    https://www.industryarc.com/Report/16478/textile-coatings-market.html



    For more Chemicals and Materials Market reports, please click here



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    Venkat Reddy

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    venkat@industryarc.com

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