Coated Fabrics Market To Witness A Significant Growth Of USD 33.57 Billion By 2030

 San Francisco, 30 June 2023: The Report Coated Fabrics Market Size, Share & Trends Analysis Report By Product (Polymer Coated Fabrics, Rubber Coated Fabrics), By Application (Transportation, Protective Clothing, Industrial), By Region, And Segment Forecasts, 2023 - 2030

The global coated fabrics market size is expected to reach USD 33.57 billion by 2030, expanding at 6.2% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The increase in safety measures in the transportation application is likely to positively influence the growth of coated fabrics during the forecast period. Additionally, the strict regulatory requirements for worker safety driving the protective clothing segment are also expected to act as a key determinant that will favor the growth of the market.

Polymer-coated fabrics are expected to dominate the market owing to the surging demand for airbags in automobiles and increased demand for protective clothing. The demand for polymer-coated fabrics is expected to increase significantly by 2030 owing to the increasing demand for automobiles in Asian countries such as China and India. In addition, growing safety concerns and stringent government regulations meant for providing safety to workers in Industrial operations are expected to increase the market share of polymer-coated fabrics over the next six years.

Transportation is the largest application with a total market share of 34.8% in 2022. It continues to serve as the largest application owing to the increasing demand for automobiles coupled with the infrastructural developments meant for railway and metro-rail stations. The infrastructural developments are expected to accelerate the demand for upholsteries and fabric products used in railway bridges and mass transits.

These products are used in transportation applications in airbags, seat covers, truck covers, and upholsteries. The strong market demand in the transportation sector is mainly due to the increasing automobile sales over the past few years coupled with the infrastructural development of rail and roadway bridges.

The fragmented market structure results in low competitiveness among key participants. Major companies have integrated operations, which has brought about a degree of consolidation in the market. Industry rivalry is expected to be medium over the forecast period, particularly with increased consumption in China and India. The market is mainly dominated by Omnova Solutions; Saint-Gobain; and Takata Corporation, amongst others.

Access Research Report of Coated Fabrics Market @ https://www.grandviewresearch.com/industry-analysis/coated-fabric-market

Coated Fabrics Market Report Highlights

• Rubber coated fabrics segment was the second largest market with 9.3% of the total market share in 2022 owing to the rubber’s flexibility and resistance to degradation. However, a large number of polymer coating applications are being replaced by rubber but on account of the surging demand for automobiles, the manufacturers are not going to shift their coating material from polymer to rubber
• Fabric-backed wall coverings held 7.1% of the total market share in 2022. This type of coated fabric is mainly used for residential and non-residential structures. The demand for fabric-backed wall coverings is mainly driven by increasing residential and non-residential structures coupled with increasing urbanization. The fabric-backed wall-covering segment is expected to register marginal growth owing to the increase in urban population coupled with infrastructural development in the housing sector
• The protective clothing application segment was valued at USD 2,302.1 million in 2022 and is expected to reach USD 3,918.2 million by 2030, growing at a CAGR of 6.9% from 2023 to 2030. The demand for coated fabrics is increasing owing to the growing usage in aprons, chemical and hazardous material suits, clean room clothing, cut- and slash-resistant clothing, gloves, footwear, reflective clothing, and space suits. The growth in demand for coated fabrics in protective clothing is largely due to various government initiatives and rising awareness about ensuring worker safety in the industrial environment
• Coated fabrics are used in the production of a variety of interior and exterior upholstered furniture, including kitchen chairs and benches, and patio furniture. Coated fabrics are used as furniture upholstery to provide a durable, stain-resistant, and easy-to-clean surface in a variety of colors, patterns, and textures. The increasing living standard of consumers globally is expected to augment the market demand for furniture applications

Coated Fabrics Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 21.88 billion
Revenue forecast in 2030	USD 33.57 billion
Growth rate	CAGR of 6.2% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

List of Key Players of Coated Fabrics Market

• Omnova Solutions
• Saint-Gobain S.A.
• Spradling International Inc.
• Takata Corporation
• Trelleborg AB
• Bo-Tex Sales Co.
• Mauritzon Inc.
• ContiTech AG
• Isotex S.p.A
• Graniteville Specialty Fabrics

Access Press Release of Coated Fabrics Market @ https://www.grandviewresearch.com/press-release/global-coated-fabrics-market