Home > Chemicals & Materials > Textiles > Coated Fabrics Market
Global Coated Fabrics Market size surpassed $18 billion in 2015, with estimated gains at over 4% CAGR from 2016 to 2024. Strong application outlook in manufacturing air bags and seat covers in automotive industry coupled with stringent regulatory compliances to give protective clothing to labors are key trending factors driving global market.
Global automobile sales were over 86 million units in 2015. Passenger cars contributed about 63 million units and commercial sales were 20 million units in the same year. Automobile production is projected to surpass 100 million units by 2018. Increasing automotive sales in China, Thailand, India, and Indonesia should stimulate the coated fabrics market share. Consistent aesthetic improvements & scope for seat cover design customization will promote product use as a low-cost alternative to leather.
Global industrial protective clothing spending was over USD 5 billion in 2015, increasing at over 14% CAGR. Agriculture, chemical processing, food processing, law enforcement, medical, and military are major industries using protective clothing where participants must be shielded from chemicals, heat, biological contaminants, or other environmental risks.
Government implementations such as Model Work Health and Safety Act in Australia and European Union’s Directive 89/686/EEC are influencing industries towards industrial protective clothing adoption. Nylon is the most widely used coated fabric substrate over its counterparts such as polyester due to its light weight and amenability to a variety of coatings.
Industry profitability is mainly dependent on the production of end use products such as and competition level from alternative materials including plastic, leather, and uncoated fabrics, and rubber sheeting. Transportation sector majorly influenced the coated fabrics market revenue due to product applicability in motor vehicles, aerospace, and marines.
Presence of many substitute materials including leather & plastics accompanied by toxic residue while manufacturing may threaten industry growth. Comparatively less cost of plastic and having large applicability could impact on the coated fabrics market trend.
Report Attribute | Details |
---|---|
Base Year: | 2015 |
Coated Fabrics Market Size in 2015: | 18 Billion (USD) |
Forecast Period: | 2016 to 2024 |
Forecast Period 2016 to 2024 CAGR: | 4% |
2024 Value Projection: | 27.4 Billion (USD) |
Historical Data for: | 2013 to 2015 |
No. of Pages: | 143 |
Tables, Charts & Figures: | 127 |
Segments covered: | Product, Application and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|