Global Coated Fabrics Market 2017-2021
About Coated Fabrics
Coating is an effective tool in the advancement sector of the textile and fabric industry. They contribute to value addition in fabrics, reinforcing them with additional properties that enhance the functional performances of coated fabrics. The applications of coated fabrics are rapidly diversifying and enable us to benefit from products of great use such as waterproof coverings, tents, tarpaulins, protective textiles, and electrical insulations.
Technavio’s analysts forecast the global coated fabrics market to grow at a CAGR of 4.16% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global coated fabrics market for 2017-2021. To calculate the market size, the report presents the vendor landscape and corresponding detailed profiles of the key five vendors operating in the market.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Coated Fabrics Market 2017-2021
Technavio recognizes the following companies as the key players in the global coated fabrics market: OMNOVA Solutions, Spradling International, Saint-Gobain, Takata, and Trelleborg.
Other Prominent Vendors in the market are: Canadian General Tower, ContiTech, Cooley, Dickson, Haartz, Heytex Gruppe, Low & Bonar, Morbern, Mount Vernon Mills, Obeikan Technical Fabrics, SRF, Seaman, Sioen Industries, VERSEIDAG-INDUTEX, and Uniroyal Engineered Products.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is maturity of global airbags market to drive coated fabrics market. The increasing emphasis on active safety systems is evident from the weightage scale for the European Union New Car Assessment Programme (Euro NCAP) rating of 2014 and 2015. Increased acceptance of airbags is expected to result in maturation of the global airbags market. Public awareness and focus on safety equipment in automobiles are the key factors that are pushing the global airbags market. Additionally, it will lead to low prices and will propel their use. Technological advancement is aiding the airbag market in reducing cushion weight and increasing its foldability. These technological advancements are possible due to novel coating fabric applications. The airbag module is anticipated to be a huge revenue generator in the automotive industry.”
According to the report, one driver in the market is superior product flexibility of coated fabrics. Base polymers used in the manufacture of coated fabrics are mixed with plasticizers and solvents to attain the desired viscosity. PVC and PU are some of the commonly used polymers. They are commercially important polymer both for functionality and cost effectiveness. PVC offers resistance to combustion, chemicals, and abrasion and is easily adaptable with different types of substrates. In addition, PVC is inexpensive; therefore, it is an economical choice for manufacturing coated fabrics. PU provides UV protection in addition to being tough and providing leather imitation texture. Products such as tarpaulins, roofing materials, boat covers, boats, conveyor belts, pool covers, rainwear, luggage, automotive upholstery, tents, greenhouses, protective coating apparel, life vests, evacuation slides, flexible fuel storage tanks, luggage, automotive upholstery, water storage bags, food conveyor belts, and fuel hoses are made from these polymers.
Further, the report states that one challenge in the market is volatile raw material prices to negatively impact coated fabrics. The primary raw materials used in the manufacture of coated fabrics are petroleum derivatives and chemical feedstocks. The fluctuation in raw material prices is expected to be a hindrance to the global coated fabrics market, as it impacts the overall pricing of coated fabrics products upfront. Added to this restriction, high prices of raw materials are an increasing concern for vendors of coated fabrics. Often, vendors pass off the fluctuations by increasing the product prices. However, this has a negative impact due to the competitive pressure among the vendors.
OMNOVA Solutions, Spradling International, Saint-Gobain, Takata, Trelleborg, Canadian General Tower, ContiTech, Cooley, Dickson, Haartz, Heytex Gruppe, Low & Bonar, Morbern, Mount Vernon Mills, Obeikan Technical Fabrics, SRF, Seaman, Sioen Industries, VERSEIDAG-INDUTEX, Uniroyal Engineered Products.
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