Coated Fabrics Market Expected to Reach USD 31.75 Billion by 2030: Verified Market Research
The global Coated Fabrics Market is projected to grow at a CAGR of 3.8% from 2023 to 2030, according to a new report published by Verified Market Research’s® trademark. The report reveals that the market was valued at USD 22.7 Billion in 2022 and is expected to reach USD 31.75 Billion by the end of the forecast period.
In the upcoming years, the demand for coated fabrics is anticipated to rise across a number of industries, including upholstery, construction, agriculture, and transportation. Fabrics that have been coated with elastomer, rubber, resin, or polytetrafluoroethylene (PTEE) to increase their tensile strength and other qualities like resistance to electricity and water.
Verified Market Research claims that because of strict regulatory requirements for worker safety, particularly in the protective gear industry, the coated fabrics market has been growing quickly in recent years. Additionally, the advantages of using coated fabrics in products are becoming more widely recognized by various industries, which is boosting market demand.
The market for coated fabrics includes a wide variety of coated materials, such as PVC coated polymer, PTEE coated glass fiber, silicon-coated glass, coated PTEE, polyurethane-coated nylon, and THV coated polyester. Most coated fabrics are made from a pile of smooth or structured fabric that has been coated with the appropriate substance.
Key players in the coated fabrics market include Saint-Gobain S.A., SRF Limited, Serge Ferrari Group, Omnova Solutions Inc., Spradling International Inc., Continental AG, Trelleborg Ab, Sioen Industries NV, Seaman Corporation, and Low & Bonar (Mehler Technologies). Through important development strategies, market ranking analysis, financial statements, and competitive landscape, these companies are anticipated to significantly contribute to the market’s shaping.
The demand for coated textiles for use in a variety of applications, particularly in the transportation and construction industries, will increase as the coated fabrics market continues to expand. Coated fabrics are becoming a more common choice in a variety of industries thanks to their qualities like resistance to water and electricity, and it is anticipated that they will continue to play a significant role in determining the future of production and manufacturing.
Reference: prnewswire.co.uk
