Coated Fabric Market Is Projected To Be Around $22.6 Billion By 2020
The global coated fabrics market size is expected to reach
USD 22.6 billion by 2020, according to a new report by Grand View Research,
Inc. Growing automotive industry in the Asia Pacific, owing to the rapid
urbanization and rising disposable income is expected to drive the demand for
coated fabrics over the forecast period.
Rapid technology development coupled with growing
industrialization is a key growth driver for the market. Moreover,
implementation of strict regulations concerning workers’ safety is expected to
boost the demand for protective clothing application. However, the
environmental impact of fabric manufacturing is presumed to be a restraining
factor for the development of the industry over the forecast period.
Renewed construction activities in the Asia Pacific
are expected to benefit the demand for coated fabrics in furniture, awnings,
wall coverings and canopies. The market is expected to be highly competitive
over the forecast period due to increasing application scope wherein the product
is being used for the production of airbags and automotive interiors.
Economic reforms in the Asia Pacific and Latin
America is expected to offer growth opportunities to the market. However,
increasing government initiatives targeted at curbing the environmental
pollutions and limited raw material availability owing to the civil unrest in
Middle Eastern and North African countries may hamper the growth the market.
Full
Research Report On Global Coated Fabric Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/coated-fabric-market
www.grandviewresearch.com/industry-analysis/coated-fabric-market
Further
key findings from the report suggest:
- Polymer coated fabric accounted for over 85% of
the total market share in 2016, owing to its increasing use in automotive,
healthcare, and furniture applications where high fabric strength is a
prerequisite.
- Transportation sector is expected to witness a
significant CAGR of 5.5% owing to the increasing use of airbags in
automobiles in order to follow stringent norms by government for ensuring
driver and passenger safety.
- Asia Pacific is estimated to be the fastest
growing region and expected to witness a growth rate of 6.8% over the
forecast period on account of rising use in the production of automobile
covers and tarpaulins
- The market exhibits a degree of consolidation
owing to the vertical integration across the value chain by major players
in order to lower the production cost by reduction of the logistics.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has segmented the coated fabrics market on the basis
of product, application, and region:
Coated
Fabric Product Outlook (Volume, Million Square Meters; Revenue, USD Million;
2012 - 2020)
- Polymer
coated fabric
- Rubber
coated fabric
- Fabric
backed wall coverings
Coated
Fabric Application Outlook (Volume, Million Square Meters; Revenue, USD
Million; 2012 - 2020)
- Transportation
- Protective
Clothing
- Industrial
- Furniture
- Others
Coated
Fabric Regional Outlook (Volume, Million Square Meters; Revenue, USD Million;
2012 - 2020)
- North
America
- Europe
- Asia
Pacific
- Rest of
the World
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-coated-fabrics-market
www.grandviewresearch.com/press-release/global-coated-fabrics-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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