What Has Been the Growth Trajectory of the Polymer Coated Fabrics Market?
The polymer coated fabrics market has seen considerable growth due to a variety of factors.
• In the recent past, the market size of polymer coated fabrics has seen robust growth. The market is expected to escalate from $22.65 billion in 2024 to $23.96 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. The significant development during the historical period can be credited to factors such as industrial usage, increasing demand in the automobile industry, outdoor and recreational gear, architectural applications, as well as the medical, healthcare sector and consumer goods.
What Is The Expected Growth In The Polymer Coated Fabrics Market?
The Polymer Coated Fabrics market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for polymer coated fabrics is forecasted to witness robust expansion. The market is projected to reach $31 billion by 2029, charting a compound annual growth rate (CAGR) of 6.6%.
This growth during the projected time frame is fueled by aspects such as sustainable practices, technological advancements, the expansion of healthcare infrastructure, e-commerce boom, urbanization, and infrastructure development, coupled with resilience in the outdoor and sports industry. Noteworthy trends during this forecast period encompass design and aesthetics customization, smart textiles integration, usage in medical and healthcare textiles, as well as strategic collaborations.
What Main Forces Are Fueling Expansion In The Polymer Coated Fabrics Market?
The surge in urbanization is anticipated to boost the polymer-coated fabrics market's progression. The term urbanization denotes the accumulation of human inhabitants into distinct regions, with the area being repurposed for residential, commercial, industrial, and transportation uses. The widespread use of polymer-coated fabrics in residential and commercial sectors due to escalating urbanization is evident. These fabrics are used to manufacture items like carpets, airbags, geotextiles, industrial textiles, architecture related materials, items for defense and transportation, in space, healthcare, sports, mats, bedding products, curtains, and an array of upholstery products. For instance, a report by the UN in April 2023 indicated that India's urban population is projected to hit 543 million by 2025. Furthermore, it is anticipated that China's urban population will touch 1.05 billion by 2035. Consequently, the phenomenon of rapid urbanization is accelerating the growth of the polymer-coated fabrics market.
What Are The Primary Segments In The Global Polymer Coated Fabrics Market?
The polymer coated fabrics market covered in this report is segmented –
1) By Product: Vinyl Coated Fabrics, PU Coated Fabrics, PE Coated Fabrics, Other Products
2) By Material Type: Knitted, Woven, Non-Woven
3) By Application: Transportation, Protective Clothing, Roofing, Awnings And Canopies, Furniture And Seating, Others Applications
4) By End Use Industries: Automobile, Aerospace, Marine, Chemical Processing, Military, Other End Use Industries
Subsegments:
1) By Vinyl Coated Fabrics: PVC Coated Fabrics, Vinyl Laminated Fabrics
2) By PU Coated Fabrics: Polyurethane Coated Polyester Fabrics, Polyurethane Coated Nylon Fabrics
3) By PE Coated Fabrics: Polyethylene Coated Woven Fabrics, Polyethylene Coated Non-Woven Fabrics
4) By Other Products: Silicone Coated Fabrics, Rubber Coated Fabrics, Teflon Coated Fabrics
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Which Key Trends Are Driving Changes In The Polymer Coated Fabrics Market?
The advancement in technology is a prominent trend currently being noticed in the polymer-coated fabrics market. Dominant players in the market are innovating and leveraging advanced technology to maintain their foothold. For instance, in March 2022, Rivertex Technical Fabrics Group, a company based in the Netherlands that specializes in coated textiles and unsupported films, unveiled Rivercyclon. This is a non-toxic, recyclable, cost-effective, and lightweight alternative to PVC-coated fabrics. Rivercyclon consists of a single polymer devoid of plasticizers or any other pollutants, making it entirely recyclable. When juxtaposed with PVC-coated alternatives, it is about 40% lighter. Rivercyclon also boasts high UV resistance and exceptional welding strength. According to the firm's press release, Rivercyclon is affordably priced and available in widths reaching 320 cm.
Who Are the Key Players In The Polymer Coated Fabrics Market?
Major companies operating in the polymer coated fabrics market include:
• DuPont
• BASF
• Covestro
• Dow
• Huntsman
• Evonik
• Solvay
• Eastman
• Continental AG
• Trelleborg AB
• Spradling International Inc.
• Seaman Corporation
• Saint-Gobain SA
• Sioen Industries NV
• Cooley Group Holdings
• Inc.
• Dickson Constant
• Omnova Solutions Inc.
• Archroma
• Freudenberg Group
• Berry Global Group
• Inc.
• The RKW Group
• Kuraray Co.
• Ltd.
• Low & Bonar PLC
• J.K. Texbond Pvt. Ltd.
• Ajy Tech India Pvt. Ltd.
• Fothergill Group
• Haartz Corporation
• SRF Limited
What Is The Most Dominant Region In The Polymer Coated Fabrics Market?
Asia-Pacific was the largest region in the polymer coated fabrics market in 2024. The regions covered in the polymer coated fabrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
