The global polymer coated fabrics market size is valued at around USD 21,791.30 million in 2023 and is anticipated to progress at a healthy CAGR of 5.1% from 2023 to 2033. The polymer coated fabrics industry is projected to reach USD 35,835.30 million by 2033.
Growing demand from the automotive, textile, and furniture industries is likely to bolster the consumption volume in the coming decade. Also, the rising demand for coated fabrics from key end-use industries is expected to surge the global polymer coated fabrics market.
India and countries in Asia are set to witness a high growth outlook than countries in Europe. According to the latest research report published by Future Market Insights, the global polymer coated fabrics market is anticipated to hold 15%-20% of the coated fabrics market in the evaluation period.
The polymer coated fabrics market has been divided into polyvinyl, polyurethane, polyethylene, and others based on the kind of polymer used. In terms of value and volume, the polyurethane-coated fabrics segment is anticipated to develop at a high growth rate in the global polymer coated fabrics industry.
Polymer Coated Fabrics Industry (From 2018 to 2022)
| Attributes | Details |
|---|---|
| CAGR | 4.2% |
| Market Size - 2018 | USD 17,587.70 million |
| Market Size - 2022 | USD 20,733.90 million |
Polymer Coated Fabrics Industry (From 2023 to 2033)
| Attributes | Details |
|---|---|
| CAGR | 5.1% |
| Market Size - 2023 | USD 21,791.30 million |
| Market Size - 2033 | USD 35,835.30 million |
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The global polymer coated fabrics market witnessed an HCAGR of 4.2% between 2018 and 2022. As per the current estimates, the polymer-coated fabrics market is anticipated to expand at a CAGR of around 5.1% during the forecast period of 2023 and 2033.
The expansion of the textile industry and increasing demand for fabric materials all over the globe are set to result in the surging demand for polymer-coated fabrics in the next decade.
Also, technical textiles are widely used in various industries, including automotive, aerospace, and military. These textiles are usually utilized for polymer-coated cloth for industrial, protective coatings, transportation, seating, and other areas.
One of the key factors propelling growth in the polymer-coated fabrics market is the rising need for high-performance grade materials. Moreover, the polymer coated fabrics industry is expected to witness a high growth outlook owing to the factors such as :
Norms Implemented by OSHA and NIOSH to Protect Workers
Protection from harmful biological and chemical substances is required during a typical working day and may be achieved by wearing appropriate protective clothing. Demand for protective clothing as a whole may be driven by ongoing industrialization brought on by significant investments in the manufacturing sector, along with strict government regulations regarding the use of protective gear.
High altitude protection clothing, fire retardant clothing, and chemical protective clothing may all be made with polyurethane-coated fabric owing to its various properties like flexibility at low temperatures, resilience to high impacts, and high weather. This factor is thus anticipated to support growth in the polymer coated fabrics market as a whole in the protective apparel sector.
Expansion of the Automotive Industry in Developing Countries
One of the key consumers of polymer-coated fabrics is the automotive industry, which is witnessing a shifting trend toward light automobiles. Over the projection period, the trend toward light vehicles in the global automotive industry might increase demand for coated textiles.
Compared to economically developed nations, developing countries are anticipated to showcase great automotive production. This is mainly related to these countries' rising urbanization and steady economic circumstances. The fleet on the road is also expected to expand throughout the projected period at a low CAGR, offering modest potential for the polymer-coated fabric market.
Principal Consultant
The global polymer coated fabrics market is characterized by a typical pyramid structure, with leading multinational players dominating the space and a sizable portion of mid-sized players operating primarily on a regional level.
Leading manufacturers of coated textiles worldwide are continuously working to replace their current products with new ones. Additionally, mid- and small-sized players who are partially or not involved in producing new products are anticipated to be impacted by this trend. Meanwhile, regional mid- and small-sized competitors are projected to lose their market share to leaders in the global polymer coated fabrics market.
| Category | Product Type |
|---|---|
| Leading Segment | PU Coated Fabrics |
| Market Share | 26.70% |
| Category | Textile Material Type |
|---|---|
| Leading Segment | Knitted |
| Market Share | 47.60% |
Demand for PU-Coated Textile Services to Grow in the Upcoming Decade
By product type, the global polymer coated fabrics market has been divided into vinyl-coated, PU-coated, PE-coated, and others. In terms of value and volume, the polyurethane (PU) coated fabrics segment is anticipated to develop significantly in the global polymer coated fabrics market.
As per FMI, the polyurethane (PU) coated fabrics segment is anticipated to dominate in 2023 by generating 26.7% of the global polymer coated fabrics market share. Better qualities of PU-coated textiles include high transparency, flexibility, and resistance to abrasion, oil, & grease.
If extraordinary impact and abrasion resistance is required, they are highly desirable. They are typically utilized for rainwear, waterproof protection apparel, furniture, footwear gloves, waterproof mattress covers, inflatable boats, and other leisure-related products.
Key antioxidants and polymers are protected by phosphenes and phosphonites, among the efficient stabilizers. The most widely employed polymer stabilizers are often phosphites and phosphonites, which are hydrolytically stable.
High Demand for Customized Clothing to Spur Sales of Knitted Polymer Fabrics
Based on textile material type, the knitted segment is set to lead by accounting for 46.7% of the global polymer coated fabrics market share in 2023. The revenue contribution of the knitted material type segment in the polymer-coated fabrics market is expected to increase by 1.5x in 2033.
Expansion of various end-use industries and their specific application needs are set to propel the knitted segment, as this type of material is often used for customization purposes.
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| Regions | Market CAGR (From 2023 to 2033) |
|---|---|
| China | 5.50% |
| India | 6.00% |
| The United Kingdom | 4.20% |
Expansion of the Automotive Industry in the United States is to Push Sales of Polyvinyl Chloride Coated Polyester
The United States is expected to remain one of the prominent consumers and producers of polymer-coated fabrics globally. The country is expected to account for 19.3% of the global polymer coated fabrics market share in the forthcoming years. Growth is mainly attributed to surging demand for textile products in the country.
The United States is considered one of the leading producers of polymer-coated textiles, which distributes various products widely to emerging nations. Additionally, in these nations, the transportation sector is expanding quickly due to the increasing demand for marine and light & heavy commercial vehicles.
The polymer-coated fabrics market is growing significantly in the United States due to the rising demand from the automotive, textile, furniture, and seating industries. Increasing adoption of polymer-coated fabrics in the local automotive sector due to the rising production of light commercial vehicles (LCV) and strict regulations regarding motorist safety might aid the country.
Rising Demand for Textile in India and China is to Drive the Need for Polymer Fabrics
Consumption of polymer-coated fabrics is anticipated to expand at a notable pace in developing nations like Brazil, China, India, and ASIAN. Vietnam is expected to remain one of the significantly growing markets for coated fabrics owing to significant development in the textile and clothing industry in the country.
China and India are projected to remain prominent polymer coated fabrics markets with high growth outlooks owing to significant developments in the manufacturing sector of both countries. This expansion mainly occurs due to the ever-increasing population and ongoing economic development.
Rising demand for automotive and increasing use of polymer coated textile fabrics are other factors pushing the polymer coated fabrics market. The polymer coated fabrics industry in developing nations has been influenced by the rising disposable income of consumers, who are spending more on textiles.
| Regions | Market Share (2023) |
|---|---|
| The United States | 19.30% |
| Germany | 6.40% |
| Japan | 5.00% |
| Australia | 1.40% |
The leading polymer coated fabric manufacturers are concentrating on embracing alternative distribution methods, such as e-commerce, to increase their presence in the polymer coated fabrics market in a particular area.
Several renowned players in the polymer coated fabrics market are investing in research & development activities to develop new technologies that may cut operational costs and reduce the risk exposure to workers.
Improved methods for polymer-coated fabrics with a deteriorating grade are another player's focus for development initiatives. While most big businesses concentrate on sustainability, and some significant firms focus on expanding their manufacturing facilities to satisfy the demand from the growing textile industry.
| Company | BASF |
|---|---|
| Strategy | BASF Collaborates with Vadodara's Permionics Membranes to Revolutionize Face Mask Filters. |
| Details | On 1 July 2022, BASF partnered with Vadodara-based membrane producer Permionics Membranes to apply its ultrasonic E polyethersulfone (PESU) polymer to coated textiles that work as bacterial and particle filters for face masks. |
| Company | Synthomer |
|---|---|
| Strategy | Synthomer's Acquisition of OMNOVA Solutions |
| Details | Synthomer announced in April 2020 that it had acquired OMNOVA Solutions Inc. The acquisition significantly extended Synthomer's reach in Europe, Asia, and North America, including deeper forays into the significantly expanding China’s market. The acquisition built a substantial worldwide specialty chemicals company with a solid foundation for future expansion. |
The total industry size worldwide in 2023 could be USD 21,791.3 million.
The overall market is forecasted to progress at 5.1% CAGR between 2023 and 2033.
The overall market is projected to reach around USD 35,835.3 million by 2033.
The regional market size could be around USD 115 million in 2023.
Growing demand from automotive, textile, and furniture industries has boosted demand.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Vinyl Coated Fabrics 5.2. PU Coated Fabrics 5.3. PE Coated Fabrics 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Textile Material Type 6.1. Knitted 6.2. Woven 6.3. Non-Woven 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Transportation 7.2. Protective Clothing 7.3. Industrial 7.4. Roofing 7.5. Awnings & Canopies 7.6. Furniture & Seating 7.7. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. BASF SE 18.2. Akzo Nobel NV 18.3. Saint-Gobain 18.4. PPG Industries, Inc 18.5. Nippon Paint Holdings Co., Ltd 18.6. The Sherwin-Williams Company 18.7. The Valspar Corp. 18.8. E I du Pont de Nemours and Company 18.9. Bayer AG 18.10. 3M 18.11. Takata Corporation 18.12. Trelleborg AB 18.13. Spradling International Inc 18.14. Serge Ferrari Group 18.15. Sioen Industries NV 18.16. Continental AG 18.17. Cooley Group Holdings 18.18. Dickson Constant 18.19. Seaman Corporation 18.20. SRF Limited 19. Assumptions & Acronyms Used 20. Research Methodology
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Polymer Coated Fabrics Market
