Global Elastomer Coated Fabrics Market- 2020-2027

Global Elastomer Coated Fabrics Market- 2020-2027

Global Elastomer Coated Fabrics Market is segmented By Product (Silicone Coated Fabrics, TPU Coated Fabrics, TPO Coated Fabrics, Rubber Coated Fabrics), By Application (Transportation, Protective Clothing, Industrial, Roofing, Awnings & Canopies, Furniture & Seating, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

Market Overview
The Global Elastomer Coated Fabrics Market is expected to grow at a CAGR during the forecasting period (2020-2027).
Elastomer-coated fabrics are widely used for fireproof curtains and waterproofing fabrics. It is also used as a roofing material for outdoor restaurants, gymnasiums, and stadiums. These fabrics are made from stretchable elastomer membranes. The elastomer-coated fabric material is characterized by lamination of adjacent edges on each other using a pressure-sensitive adhesive.
Source: DataM Intelligence Analysis (2019)
Market Dynamics
The major factors driving the elastomer coated fabrics market are the rise in demand from the automotive & transportation industry and the easy, lightweight raw materials availability. On the opposite side, the rising environmental concerns related to the solvent's adoption in elastomer coated fabrics and unpredictable conditions arising from the COVID-19 pandemic are expected to hinder the market's growth.
Global Elastomer Coated Fabrics Market: Trends & Developments
The global market for elastomer-coated fabrics is growing along with advancements in the interior designing domain. The growth in the need for high-quality materials in the construction sector has emerged as a leading driver for its growth. There is a thin line between using high-performance fabrics and natural fabrics, and this difference defines the essence of elastomer coated fabric's demand development. The adoption of elastomer coated materials for manufacturing soft pieces for internal seating has supported the market's growth. It is expected to maintain the scope for the opportunities in the future. Furthermore, these fabrics' dirt-repelling properties have led to their manufacturing of sofa sets and other seating furniture worldwide. It is legit to expect that the market would expand to new untapped market territories over the forecast period.
Considering the current trend, increasing safety features in transport vehicles is expected to boost the elastomer coated fabrics market in the transportation segment. Moreover, the increasing trend of stringent workers’ safety regulatory norms is expected to create growth opportunities for the protective coating elastomers globally. However, the growing concerns about the environment will hinder the market’s growth. Moreover, the critical number of substitutes for elastomer-coated fabrics is expected to restrain the global elastomer-coated fabrics market's growth.
COVID-19 Impact Analysis
The outburst of the COVID-19 pandemic affected the global economy in many terms, such as consumption, demand, supply chain disruption, and financial impact. The COVID-19 has directly impacted the manufacturers worldwide' revenue and supply chain and shut down the production facilities to reduce the risk of virus spread resulted in the limited global supply of elastomer coated fabrics. The lockdown policies have limited the manufacturing facilities' operations and resulted in heavy losses to the supply chain companies. However, the companies are investing in the supply chain to enhance their productivity and reduce the cost without compromising efficiency while meeting the revenue target by the end of the coming year.
Segment Analysis
The elastomer coated fabrics market has been classified into silicone coated fabrics, TPO coated fabrics, TPU coated fabrics, and rubber-coated fabrics based on the technology.
The silicone-coated fabrics segment accounted for the highest market share in the global market.
The silicone-coated fabrics segment accounts for the largest market share in the elastomer-coated fabrics market due to growing demand from protective clothing, automotive & transportation, and industrial applications. The rising safety concerns and stringent government regulations related to workers' safety are expected to drive the silicone coated fabrics market segment's growth.
Based on the application, the elastomer coated fabrics market has been classified into transportation, protective clothing, roofing, awnings & canopies, furniture & seating, industrial, and others.
The transportation segment dominated the global elastomer coated fabrics market in 2019
The transportation application segment is expected to lead the global elastomer coated fabrics market and is predictable to grow at the highest CAGR during the forecast period. The segment's growth is primarily due to the cumulative increase in elastomer coated fabrics in automobiles, railways, aircraft, and marine. The increase in the use of elastomer coated fabrics in transportation due to its water & UV resistant, rot-proof, mildew, and dirt & oil-repellent features. It is also witnessed that the fabrics will improve material toughness and are weather & corrosion resistant. They also provide developments in passenger safety and superior comfort in seating. Such factors are expected to enhance the growth of the segment in the coming years.
Geographical Analysis
Based on geography, the study analyzes the elastomer coated fabrics market in the global market, including North America, Asia-Pacific, Europe, South America, and the Middle East & Africa.
The Asia Pacific is expected to dominate the global market during the forecast period.
The Asia Pacific accounts for the highest market share in the global elastomer coated fabrics during the forecast period due to developed economies, the rapid rise of industrialization, and technological developments in end-use industries, such as automotive, in the region. The increase in development activities and high investments in the area across oil & gas, automotive, chemical, infrastructure, and steel drive, is expected to drive the growth of the elastomer-coated fabrics market.
The market in Europe and North America is expected to expand at a reasonable pace throughout the forecast period due to the mature end-use industries and strict regulatory regulations and norms imposed on elastomers production in these regions. The market in Lain America and Middle East & Africa is estimated to expand at a sluggish pace during the forecast period.
Competitive Landscape
Significant companies primarily lead the global elastomer coated fabrics market. The key elastomer coated fabrics players that are contributing to the growth of the global market include Low & Bonar PLC (Mehler Technologies), Continental AG, Omnovo Solutions Inc., Saint-Gobain SA, Takata Corporation, SEAMAN CORPORATION, Serge Ferrari Group, Sioen Industries NV, SRF Limited, Spradling International Inc., Anhui Anli Material Technology Co., Ltd, GUANGZHOUSHI XIBO CHEMICAL TECHNOLOGY CO., LTD, Daewoo Smtc, Colmant Coated Fabrics, and Chemprene Inc, among others.
Continental AG
Overview: Continental AG is a holding company, which engages in the distribution, manufacturing, and sale of rubberized fabrics, soft rubber products, and solid tires. It operates through the following segments: powertrain, chassis and safety, interior, Tires, ContiTech, and others. The chassis and safety segment combines intelligent systems to improve vehicle dynamics and to drive safely. The powertrain segment provides a clean vehicle drive system. The interior part develops end-to-end systems and components for connected mobility. The tires segment involves the reduction of fuel consumption by minimizing rolling resistance. The ContiTech part comprises the development, manufacture, and distribution of products for the machine and plant engineering, automotive industries, and mining. The other segment represents the centrally managed affiliates and subsidiaries, including holding, financing, and insurance companies.
Product Portfolio: The company's portfolio comprises tires, chassis and safety products, interior products, powertrain products, actuators, rubber, and plastics-based products.
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Related Topic’s
Elastomer Coated Fabrics Market
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