In 2023, the polymer coated fabrics market is estimated to be worth US$ 21,791.30 million, with a notable projected CAGR of 5.1% from 2023 to 2033. By 2033, the industry is expected to achieve a significant milestone, reaching US$ 35,835.30 million.
The polymer coated fabrics market is witnessing a surge in popularity due to its waterproof, UV-resistant, abrasion-resistant, and durable characteristics. In addition, the product is experiencing significant demand in applications such as awning pool covers, roof protectors, tarpaulins, and marine covers. It is driven by its excellent physical properties, impermeability to dirt & oil, and corrosion resistance. This strong demand is expected to propel considerable market growth.
Access Your Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-2270
Protective Clothing Market Soars with Growing Industrialization in Emerging Economies
Rapid industrialization in developing countries has led to an increasing demand for protective clothing to ensure worker safety in hostile environments. Further, the demand is driven by cultural, sociological, and psychological factors, with stringent government regulations in the Middle East and Asia Pacific making safety precautions mandatory. As a result, there is a growing need for lightweight, comfortable, and highly heat-resistant protective clothing, leading to an upsurge in demand for coated fabrics.
Coated fabrics with high flame resistance are particularly utilized in manufacturing protective clothing for firefighters. Also, the rising focus on safety measures in transportation applications is expected to boost the polymer coated fabrics market growth.
Eco-Conscious Consumers and Coated Fabrics: Addressing Environmental Concerns
Stringent government regulations have been imposed due to the release of hazardous air pollutants during the manufacturing process of coated fabrics, posing environmental concerns. Also, the growing consumer awareness about the ecological impact of non-recyclable products and disposal issues hampers polymer coated fabrics market growth.
For manufacturers, properly disposing of waste materials remains a significant challenge, as chemical recycling of coated textiles proves costly and leads to logistical issues and limited process flexibility.
The production of coated fabrics, particularly toxic solvents, is the primary source of hazardous air pollutants emitted at various stages of the industrial process. Consequently, these environmental concerns are expected to restrain the market growth of polymer coated fabrics during the forecast period.
Get Instant Access to the Brochure:
https://www.futuremarketinsights.com/reports/brochure/rep-gb-2270
Regional Outlook
The Asia Pacific region is poised to dominate the global polymer coated fabrics market due to rapid industrial growth and urbanization in key countries like China and India. Additionally, the demand from transportation, protective clothing, and industrial sectors is fueling market growth. Japan and South Korea are significant contributors.
Developing countries’ booming automotive industry and increased use in household furniture manufacturing boost demand. Also, innovations like shape memory polymers for smart textiles fuel growth. Small countries in Asia with low labor costs and relaxed regulations are projected to show substantial industrial development, enhancing the region’s export and production activities.
Key Takeaways
- The PU-coated fabrics segment in the product type category is likely to grab a share of 70% from 2023 to 2033.
- In the textile material category, the knitted segment is to acquire a market share of 60% between 2023 and 2033.
- The United States polymer coated fabrics business is expected to acquire a share of 30% by 2023.
- Germany’s polymer coated fabrics industry is to grab a share of 40% by 2023.
- Japan’s polymer coated fabrics business is anticipated to hold a share of 00% by 2023.
- Australia’s polymer coated fabrics industry is predicted to capture a share of 40% by 2023.
- China’s polymer coated fabrics business is expected to secure a CAGR of 50% through 2033.
- India’s polymer coated fabrics sales are estimated to develop at a CAGR of 00% from 2023 to 2033.
- The United Kingdom polymer coated fabrics business is to evolve at a CAGR of 20% through 2033.
Unlock Exclusive Access – Buy Now: https://www.futuremarketinsights.com/checkout/2270
Competitive Landscape
Companies covered in the global polymer coated fabrics market include Continental AG, Sioen Industries NV, Serge Ferrari Group, Trelleborg AB, SRF Limited, Synthomer Plc., Seaman Corporation, Cooley Group Holdings Inc., Haartz Corporation, and Heytex Bramsche GmbH.
Market growth is fueled by initiatives taken by participants.
Key Segmentation
- BASF SE
- Akzo Nobel NV
- Saint-Gobain
- PPG Industries, Inc
- Nippon Paint Holdings Co., Ltd
- The Sherwin-Williams Company
- The Valspar Corp.
- E I du Pont de Nemours and Company
- Bayer AG
- 3M
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
