Coated Fabrics Market to Reach $29.8 billion by 2028, at a CAGR of 3.9%| MarketsandMarkets™

August 23 21:20 2023
Coated Fabrics Market to Reach $29.8 billion by 2028, at a CAGR of 3.9%| MarketsandMarkets™
Browse 290 market data Tables and 52 Figures spread through 253 Pages and in-depth TOC on “Coated Fabrics Market”
The coated fabrics market is thriving, driven by demand from various industries like automotive, fashion, and industrial applications, due to their durability, versatility, and protective qualities. This growth is poised to continue with technological advancements and evolving consumer needs.

In terms of value, the coated fabrics market is estimated to grow from USD 23.7 billion in 2022 to USD 29.8 billion by 2028, at a CAGR of 3.95%. The growth of the coated fabrics market is prompted by the huge demand from transportation and protective clothing applications. Rising safety measures and stringent regulations over worker’s safety in automotive, chemical, oil & gas industries  driving the coated fabrics market. Additionally, coated fabrics can offer a lightweight and durable alternative to traditional materials, and can help manufacturers meet strict safety regulations. These factors have all contributed to the global expansion of the coated farbics market.

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Based on product type, the coated fabrics market is segmented into Polymer-coated Farbics, Rubber-coated Farbics, Fabric-baked Wall Coverings. Polymer-coated Fabrics further divided in Vinyl-coated Fabrics, PU-coated Fabrics, PE-coated Fabrics and other Polymer-coated Fabrics. The polymer-coated farbics segment accounted for the largest market share, in terms of both value and volume, in 2022 As these fabrics have better properties in terms of transparency, elasticity, resistance to oil, grease, and abrasion. Moreover, these fabrics have high demand in sectors, such as protective clothing, industrial and transportation.

Based on application, the coated farbics are segmented into transportation, protective clothings, industirial, roofings, awnings & canopies, furniture & seatings and other. Among these applications, the transportation segment accounted for the largest market share, in terms of value and volume, in 2022. Coated fabrics can provide a range of safety benefits in the automotive industries, which includes airbags, seat belts, and flame-retardant materials.

Based on region, Asia Pacific dominated the coated fabrics market, in terms of both value and volume, in 2022. This is due to increasing population in the continent especially in China and India, expanding manufacturing sector and improving economic conditions with rising GDP & disposable incomes. Likewise, the Asia Pacific is projected to be the fastest growing market, in terms of value and volume, during the forecast period 2023 to 2028.

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The key players profiled in the report include Continental AG (Germany), Trelleborg AB (Sweden), Serge Ferrari Group (France), Saint-Gobain S.A. (France), Freudenberg Group (Germany), Sioen Industries NV (Belgium), Spradling International Inc. (US), Seaman Corporation (US), OMNOVA Solutions Inc. (US), and SRF Limited (India), among others. The necessity of coated fabrics is rising due to innovated and adopted properties of coated fabrics for high-end automotive and other industrial sectors making opportunities for the key players. Likewise, to tap these opportunities key players should focuse on new innovations and manufacturing of technological advanced coated fabrics.

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