Polymer Coated Fabric Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polymer Coated Fabric Market Analysis
The market for polymer coated fabric is expected to grow at a CAGR of less than 5% globally. Major factor driving the market studied is the increasing safety measures in the transportation application and stringent regulatory requirements for worker safety. On the flip side, presence of substitutes and unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.
- Emerging technologies such as plasma coating, nanomaterials and inkjet deposition are expected to create further growth opportunities for the market.
- The transportation industry is expected to dominate the application segment of global polymer coated fabric market as it exhibits superior properties such as elasticity, oil resistance, abrasion and transparency.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, India, and Japan.
Polymer Coated Fabric Market Trends
This section covers the major market trends shaping the Polymer Coated Fabric Market according to our research experts:
Increasing Safety Measures in Transportation Application
- The growth is majorly attributable to the increasing use of polymer coated fabrics in several transportation applications. In the automobile industry, safety is a major consideration for the manufacturers. Polymer coated fabrics are majorly employed for a wide scope of automotive applications such as interior, exterior, airbags, seatbelt, and covers.
- Frontal airbags are considered a key life-saving technology in automotive industry. Hence, National Highway Traffic Safety Administration is encouraging car manufacturing companies to implement better safety measures using a similar principal. This has a major impact on the increasing adoption of side-curtain airbags, mostly in passenger cars, thereby boosting the demand for polymer coated fabrics.
- According to US National Highway Transportation Safety Authority (NHTSA) and Insurance Institute for Highway Safety (IIHS), approximately 10,000 potential mortalities has been averted in the US alone since 1985 because of airbag-equipped vehicles.
- According to World Health Organization, road traffic accidents accounts to approximately 1.35 million deaths every year. In addition, more than 20 million people face non-fatal injuries resulting in disabilities and other health conditions. Thus, providing avenues for application of airbags, seatbelts and other interior applications to prevent accidents and fatalities is expected to positively influence the market over the forecast period.
Asia Pacific Region to Dominate the Market
- Asia Pacific is anticipated to be the largest and fastest polymer coated fabrics market, globally, owing to rapid industrial growth and urbanization in major countries such as China and India. The rising demand from the transportation, protective clothing, and industrial applications is boosting the polymer coated fabrics market in the region. Japan, and South Korea are other major countries driving the polymer coated fabrics market.
- Expanding automotive industry, manufacturing and chemical industries is expected to drive the growth of polymer coated fabric market. In addition, the increasing implementation of stringent regulations for importance of protective clothing is expected to drive the market.
- The rapidly evolving automotive industry in developing countries along with increasing product application to manufacture household furniture is further anticipated to augment the demand for coated fabrics in various applications. Innovation and development in the polymer coated fabrics such as shape memory polymers for smart textile applications is expected to increase the demand over the period.
- Small Asia Pacific countries such as Malaysia, Myanmar, Bangladesh, Vietnam, Philippines, etc. are also projected to show significant growth in the industrial segment on account of factors like presence of cheap labor and relaxed regulations. Asia Pacific is likely to show significant growth in terms of export and is expected to increase its production activities.
Polymer Coated Fabric Industry Overview
The Global Polymer Coated Fabric Market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are Trelleborg AB, Serge Ferrari Group, Low & Bonar Plc, OMNOVA Solutions Inc. and Seaman Corporation and among others.
Polymer Coated Fabric Market Leaders
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Trelleborg AB
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Serge Ferrari Group
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Low & Bonar Plc
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OMNOVA Solutions Inc.
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Seaman Corporation
*Disclaimer: Major Players sorted in no particular order
Polymer Coated Fabric Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Safety Measures in Transportation Application
- 4.1.2 Strict Regulatory Requirements for Worker Safety
-
4.2 Restraints
- 4.2.1 Presence of Substitutes
- 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
- 4.3 Industry Value Chain Analysis
-
4.4 Porters Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Product
- 5.1.1 Polyethylene
- 5.1.2 Polyvinyl
- 5.1.3 Polyurethane
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5.2 Application
- 5.2.1 Coated Fabrics
- 5.2.2 Industrial
- 5.2.3 Transportation
- 5.2.4 Roofing and Awning
- 5.2.5 Furniture
- 5.2.6 Others
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%) /Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Cooley Group Holdings, Inc.
- 6.4.2 Low & Bonar Plc
- 6.4.3 OMNOVA Solutions Inc.
- 6.4.4 Saint-Gobain SA
- 6.4.5 Seaman Corporation
- 6.4.6 Serge Ferrari Group
- 6.4.7 Sioen Industries NV
- 6.4.8 Spradling International Inc.
- 6.4.9 SRF Limited
- 6.4.10 Takata Corporation
- 6.4.11 Trelleborg AB
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Emerging Technologies like Plasma Coating, Nanomaterials and Inkjet Deposition
- 7.2 Other Opportunities
Polymer Coated Fabric Industry Segmentation
The Polymer Coated Fabric Market report includes:
| Product | Polyethylene | |
| Polyvinyl | ||
| Polyurethane | ||
| Application | Coated Fabrics | |
| Industrial | ||
| Transportation | ||
| Roofing and Awning | ||
| Furniture | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Polymer Coated Fabric Market Research FAQs
What is the current Polymer Coated Fabric Market size?
The Polymer Coated Fabric Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)
Who are the key players in Polymer Coated Fabric Market?
Trelleborg AB, Serge Ferrari Group, Low & Bonar Plc, OMNOVA Solutions Inc. and Seaman Corporation are the major companies operating in the Polymer Coated Fabric Market.
Which is the fastest growing region in Polymer Coated Fabric Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Polymer Coated Fabric Market?
In 2024, the Asia Pacific accounts for the largest market share in Polymer Coated Fabric Market.
What years does this Polymer Coated Fabric Market cover?
The report covers the Polymer Coated Fabric Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polymer Coated Fabric Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Polymer Coated Fabric Industry Report
Statistics for the 2024 Polymer Coated Fabric market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polymer Coated Fabric analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
