New York, NY, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Coated Fabrics Market by Product (Polymer, Rubber, and Fabric-Backed Wall Coverings) and by Application (Transportation, Protective Clothing, Industrial, Awnings, Roofing & Canopies, and Furniture & Seating): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017– 2024”. According to the report, the global coated fabrics market was valued at USD 22.91 billion in 2017 and is expected to reach USD 30.35 billion by the end of 2024, growing at a CAGR of 4.1% between 2018 and 2024. 

Coated fabrics are known and widely used for their versatile properties like excellent stability and durability, among others. These properties have led these fabrics ‘extensive use across varied end-use industries, such as construction, oil and gas, and transportation. The recent technological advancements made related to coated fabrics have increased the number of product applications across multiple industries.

Browse through 71 Tables & 37 Figures spread over 110 Pages and in-depth TOC on “Global Coated Fabrics Market: Industry Type, Size, Share, Trends and Forecast 2017 – 2024”.

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The global coated fabrics market is expected to witness a significant growth rate in the next few years, which, to some extent, can be attributed to the rising demand for protective clothing in military, oil, and gas, and automotive industries. In addition to this, it is also the growing demand for coated fabrics in the transportation sector that is likely to have a prominent influence on the global coated fabrics market. Moreover, material properties like dirt and oil-repellent, water-resistant, rot-proof, and UV-resistant has led to the extensive use of coated fabrics for the manufacturing of automobile components. Coated fabrics are also used to manufacture vehicle airbags and seating, upholstered furniture, protective apparel, belts, and shoes, which will certainly have a positive impact on this market’s overall growth. However, the fluctuating raw material prices of coated fabrics are projected to restrain the expansion of the coated fabrics market. The increasing technological advancements made in the manufacturing of coated fabrics is also expected to offer new market growth opportunities.

The coated fabrics market is divided based on product and application. By product, the market is fragmented into rubber, fabric-backed wall coverings, and polymer. The polymer coated fabrics are widely used in varied industries, due to their resistance to fire, water, and abrasion, among other properties. In addition to this, the rubber coated fabric segment is electrically conductive and resistant to temperature, oil, and weather, which makes it useful in construction and transportation, among other industries. This is further expected to fuel the market growth of coated fabrics. By application, the market is categorized into protective clothing, transportation, awnings, industrial, roofing and canopies, and furniture and seating. The protective clothing segment is anticipated to dominate the market and witness a significant growth rate in the near future. Coated fabrics are widely being used for manufacturing protective clothing, which is also a key growth driver. 

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The Asia Pacific region is projected to dominate the global coated fabrics market geographically. It is the growing demand for protective covering application that is expected to drive the coated fabrics market in the Asia Pacific. The developments made in the automotive industry in emerging countries, like China and India, is also expected to increase the usage of coated fabrics to be used across other application areas during the forecast timeframe. Moreover, in developing countries, the consumption of coated fabrics for furniture is expected to increase, thus resulting in high product demand and market growth.

North America is anticipated to grow at the fastest pace in the upcoming years due to the growing oil and gas activities in the U.S. after the shale gas boom. Besides this, the stringent FDA regulation is also expected to augment the demand for protective clothing, which, in turn, will drive the coated fabrics market.

Browse the full "Coated Fabrics Market by Product (Polymer, Rubber, and Fabric-Backed Wall Coverings) and by Application (Transportation, Protective Clothing, Industrial, Awnings, Roofing & Canopies, and Furniture & Seating): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017– 2024" report at https://www.zionmarketresearch.com/report/coated-fabrics-market

Europe is projected to grow substantially due to increasing safety regulations in the region. Increasing technological advancements and research and development activities in the region for the production of environment-friendly, fire-resistant fabrics is projected to boost the coated fabrics market. Growing transportation sector in Europe is likely to drive the market growth in the future. These coated fabrics are also widely used for manufacturing transportation equipment seating. However, the fluctuating prices of raw materials and high labor costs may hinder the market growth in the future.

Latin America is expected to grow moderately due to substantial developments made in the automotive sector in the region. Increasing demand for coated fabrics by the automotive industry, mainly for protective apparel, industrial products, and vehicle components, is likely to fuel the market growth of coated fabrics in Latin America.

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The growing oil and gas industry uses protective clothing in the Middle Eastern and African region is likely to register a significant growth rate for coated fabrics market in the forecast timeframe. Furthermore, increasing the production of passenger vehicles is also expected to increase the consumption of coated fabrics for seating applications.

The global coated fabrics market involves a large number of end-players, such as Omnova Solutions, Saint-Gobain, Takata Corporation, Canadian General Tower, Bo-Tex Sales Co., ContiTech AG, Mauritzon Inc., Graniteville Specialty Fabrics, and IsotexS.p.A., among others.

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The report segments the global coated fabrics market as follows:

Global Coated Fabrics Market: Product Analysis

  • Polymer
  • Rubber
  • Fabric-Backed Wall Coverings

Global Coated Fabrics Market: Application Analysis

  • Transportation
  • Protective Clothing
  • Industrial
  • Awnings
  • Roofing & Canopies
  • Furniture & Seating

Global Coated Fabrics Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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