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Table of Contents
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Market Size of Elastomer Coated Fabric Industry
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Study Period
2019 - 2029
Base Year For Estimation
2023
Forecast Data Period
2024 - 2029
CAGR
4.00 %
Fastest Growing Market
Asia Pacific
Largest Market
Asia Pacific
Market Concentration
Medium
Major Players
*Disclaimer: Major Players sorted in no particular order
Elastomer Coated Fabric Market Analysis
The market for elastomer coated fabrics is expected to register a CAGR of over 4% globally during the forecast period. The major factors driving the market are growing demand from the automotive and transportation industry and the easy availability of raw materials. On the flip side, environmental concerns related to the use of solvents in elastomer coated fabrics and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
The transportation application is expected to dominate the global elastomer coated fabric market over the forecast period.
The Asia-Pacific region represents the largest market, and it is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan.
Elastomer Coated Fabric Industry Segmentation
The elastomer coated fabric market report includes:
Product Silicone Thermoplastic Olefin (TPO) Thermoplastic Polyurethane (TPU) Rubber Other Products
Application Transportation Protective Clothing Industrial Roofing Furniture and Seating Other Applications
Geography Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
North America United States Canada Mexico
Europe Germany United Kingdom France Italy Rest of Europe
South America Brazil Argentina Rest of South America
Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa
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Elastomer Coated Fabric Market Size Summary
The elastomer coated fabric market is poised for steady growth, driven primarily by the burgeoning demand from the automotive and transportation sectors. The market's expansion is supported by the readily available raw materials, which facilitate the production of these specialized fabrics. However, the industry faces challenges, including environmental concerns related to solvent use and the lingering impacts of the COVID-19 pandemic, which have somewhat tempered growth. The transportation sector is anticipated to be the leading application area, with significant contributions from the automotive industry, where silicone and thermoplastic polyurethane fabrics are increasingly utilized for their durability and flexibility. Despite a recent downturn in global automotive production, the rising demand for commercial aircraft and the need for more passenger capacity are expected to bolster the market further.
Regionally, the Asia-Pacific area stands out as the largest and fastest-growing market for elastomer coated fabrics. This growth is largely attributed to the increasing consumption in countries like China, India, and Japan. China's robust demand, driven by its expanding population and construction industry, positions it as a key player in the market. The country's aircraft industry is also experiencing substantial growth, with a significant need for new commercial aircraft. Additionally, infrastructure developments and regulatory measures, such as the mandatory installation of airbags in India, are creating favorable conditions for market expansion. The fragmented nature of the global market sees major companies like OMNOVA Solutions Inc., Trelleborg, Continental AG, Serge Ferrari, and Low & Bonar playing pivotal roles in shaping the industry's landscape.
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Elastomer Coated Fabric Market Size - Table of Contents
1. MARKET DYNAMICS
1.1 Drivers
1.1.1 Growing Demand from the Automotive and Transportation Industry
1.1.2 Easy Availability of Raw Materials
1.2 Restraints
1.2.1 Environmental Concerns Related to Use of Solvents in Elastomer Coated Fabrics
1.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
1.3 Industry Value Chain Analysis
1.4 Porter's Five Forces Analysis
1.4.1 Threat of New Entrants
1.4.2 Bargaining Power of Consumers
1.4.3 Bargaining Power of Suppliers
1.4.4 Threat of Substitute Products
1.4.5 Degree of Competition
2. MARKET SEGMENTATION
2.1 Product
2.1.1 Silicone
2.1.2 Thermoplastic Olefin (TPO)
2.1.3 Thermoplastic Polyurethane (TPU)
2.1.4 Rubber
2.1.5 Other Products
2.2 Application
2.2.1 Transportation
2.2.2 Protective Clothing
2.2.3 Industrial
2.2.4 Roofing
2.2.5 Furniture and Seating
2.2.6 Other Applications
2.3 Geography
2.3.1 Asia-Pacific
2.3.1.1 China
2.3.1.2 India
2.3.1.3 Japan
2.3.1.4 South Korea
2.3.1.5 Rest of Asia-Pacific
2.3.2 North America
2.3.2.1 United States
2.3.2.2 Canada
2.3.2.3 Mexico
2.3.3 Europe
2.3.3.1 Germany
2.3.3.2 United Kingdom
2.3.3.3 France
2.3.3.4 Italy
2.3.3.5 Rest of Europe
2.3.4 South America
2.3.4.1 Brazil
2.3.4.2 Argentina
2.3.4.3 Rest of South America
2.3.5 Middle-East and Africa
2.3.5.1 Saudi Arabia
2.3.5.2 South Africa
2.3.5.3 Rest of Middle-East and Africa
Elastomer Coated Fabric Market Size FAQs
What is the current Elastomer Coated Fabric Market size?
The Elastomer Coated Fabric Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Elastomer Coated Fabric Market?
OMNOVA Solutions Inc., Trelleborg, Continental AG, Serge Ferrari and Low & Bonar are the major companies operating in the Elastomer Coated Fabric Market.
Elastomer Coated Fabric Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)
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