Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 22.07 Billion | USD 37.93 Billion | 6.20% | 2023 |
The global coated fabrics market size was worth around USD 22.07 billion in 2023 and is predicted to grow to around USD 37.93 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.20% between 2024 and 2032.
The report covers a forecast and an analysis of the coated fabrics market on a global and regional level. The study provides historical information from 2018 to 2022 and a forecast from 2024 to 2032 based on both volume (Million Square Meters) and revenue (USD Billion).
Coated fabrics are made by applying different bonding agents and substances like rubber, varnish, thermoplastic coatings, and lacquer, on the fabric substrate. Coated fabrics are stable, durable, and washable, making them much stronger than uncoated fabrics. Rubber coated fabrics are close textured fabrics that exhibit low diffusion and permeation rate apart from being electrically conductive and provide better resistance to temperature, oil, and weather.
The global coated fabrics market is expected to grow at a fast rate owing to the increasing demand for coated fabrics for manufacturing airbags and seating used in automobiles, upholstered furniture, and protective apparel. Additionally, the growing usage of rubber-coated fabrics to produce military wear and protective clothing is further estimated to drive the global coated fabrics market globally. Growing infrastructure investments is further anticipated to surge the demand for awnings, wall coverings, and canopies, thereby, propelling the demand for coated fabrics market. However, the fluctuating prices of coated fabrics might hamper the market growth in the forecast timeframe. The rapid developments in the innovative coated fabric products for protective clothing are likely to offer new opportunities for the coated fabrics market growth in the upcoming years.
The complete study covers the key drivers and restraints of the coated fabrics market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the coated fabrics market on a global level.
In order to offer the users of this report a comprehensive read of the coated fabrics market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the coated fabrics market has additionally been enclosed within the study. The study includes a market attractiveness analysis, where all the segments are benchmarked to support their market size, rate, and general attractiveness.Request Free Sample
The study also includes the market share of the key participants operating in the coated fabrics market across the globe. Besides, the report covers strategic development together with acquisitions and mergers, agreements, partnerships, collaborations, joint ventures, and regional growth of the key players within the market on a regional basis.
The study provides a crucial view of the coated fabrics market by segmenting the market based on product, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on the product, the global coated fabrics included in this study are polymer, rubber, and fabric-backed wall coverings. Among all products, the polymer-based coated fabric is expected to dominate the coated fabrics market, due to the growing demand for protective clothing and increasing requirement for airbags in automobiles. The growing automobile industry in Asia Pacific countries is estimated to boost the overall demand for coated fabrics.
Based on application, the global coated fabrics market in this study includes transportation, protective clothing, industrial, awnings, roofing and canopies, and furniture and seating. Increasing demand for protective clothing in various industries, such as medical, chemical processing, military, and agriculture, is likely to further escalate the coated fabrics market growth.
Report Attributes | Report Details |
---|---|
Report Name | Coated Fabrics Market |
Market Size in 2023 | USD 22.07 Billion |
Market Forecast in 2032 | USD 37.93 Billion |
Growth Rate | CAGR of 6.20% |
Number of Pages | 220 |
Key Companies Covered | Omnova Solutions, Takata Corporation, Saint-Gobain, Canadian General Tower, Bo-Tex Sales Co., Mauritzon Inc., ContiTech AG, Isotex S.p.A., Graniteville Specialty Fabrics, and others. |
Segments Covered | By Product, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Additionally, the regional classification includes the key regions—Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. These regions are further segmented into major countries, such as the U.S., UK, Germany, France, Canada, Saudi Arabia, and Brazil, among others.
The geographic analysis of the coated fabrics market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2023, Asia Pacific dominated the market for coated fabrics, followed by North America. Due to rapid industrialization, high economic growth, and a rise in the investments made across industries, the demand for coated fabrics is expected to increase in the Asia Pacific region. Additionally, the rising implementation of strict regulations for Fire Safety in industries by the Fire Safety Forum Asia (FFSA) and the Industries Development and Regulation Act of India is also fuelling the demand for coated fabrics in the region.
The global coated fabrics market is dominated by players like:
Global Coated Fabrics Market: Product Analysis
Global Coated Fabrics Market: Application Analysis
Global Coated Fabrics Market: Regional Analysis
FrequentlyAsked Questions
Coated fabrics are known and widely used for their versatile properties like excellent stability and durability, among others. These properties have led to these fabrics' extensive use across varied end-use industries, such as construction, oil and gas, and transportation.
According to a study, the global coated fabrics market size was worth around USD 22.07 billion in 2023 and is expected to reach USD 37.93 billion by 2032.
The global coated fabrics market is expected to grow at a CAGR of 6.20% during the forecast period.
Asia Pacific is expected to dominate the coated fabrics market over the forecast period.
Leading players in the global coated fabrics market include Omnova Solutions, Takata Corporation, Saint-Gobain, Canadian General Tower, Bo-Tex Sales Co., Mauritzon Inc., ContiTech AG, Isotex S.p.A., and Graniteville Specialty Fabrics, among others.
The coated fabrics market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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