Market Size of Polymer Coated Fabric Industry
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 |
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 Industry Segmentation
The Polymer Coated Fabric Market report includes:
Product | |
Polyethylene | |
Polyvinyl | |
Polyurethane |
Application | |
Coated Fabrics | |
Industrial | |
Transportation | |
Roofing and Awning | |
Furniture | |
Others |
Geography | |||||||
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Polymer Coated Fabric Market Size Summary
The polymer coated fabric market is poised for growth, driven primarily by the increasing emphasis on safety measures within the transportation sector and stringent regulatory requirements for worker safety. Despite challenges such as the presence of substitutes and the lingering effects of the COVID-19 pandemic, the market is expected to benefit from advancements in technologies like plasma coating, nanomaterials, and inkjet deposition. The transportation industry is anticipated to lead the application segment due to the superior properties of polymer coated fabrics, including elasticity, oil resistance, abrasion, and transparency. The Asia-Pacific region is projected to be the largest and fastest-growing market, fueled by demand from countries like China, India, and Japan.
The automotive industry, in particular, is a significant contributor to the market's expansion, with polymer coated fabrics being integral to various safety applications such as airbags and seatbelts. The adoption of these fabrics is further encouraged by regulatory bodies like the National Highway Traffic Safety Administration, which promotes enhanced safety measures in vehicles. The market's growth is also supported by the expanding automotive, manufacturing, and chemical industries, alongside the increasing importance of protective clothing regulations. Innovations in polymer coated fabrics, such as shape memory polymers for smart textiles, are expected to further drive demand. The market is characterized by a few major players, including Trelleborg AB, Serge Ferrari Group, and OMNOVA Solutions Inc., who dominate a significant portion of the market share.
Polymer Coated Fabric Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Safety Measures in Transportation Application
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1.1.2 Strict Regulatory Requirements for Worker Safety
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1.2 Restraints
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1.2.1 Presence of Substitutes
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1.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
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1.3 Industry Value Chain Analysis
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1.4 Porters Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Product
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2.1.1 Polyethylene
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2.1.2 Polyvinyl
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2.1.3 Polyurethane
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2.2 Application
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2.2.1 Coated Fabrics
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2.2.2 Industrial
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2.2.3 Transportation
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2.2.4 Roofing and Awning
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2.2.5 Furniture
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2.2.6 Others
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Polymer Coated Fabric Market Size 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.