Coated fabrics are fabrics coated with plastic, rubber, varnish, etc. This makes them flexible & long-lasting. They possess superior properties. These comprise thermal management, durability, higher water resistance, higher elasticity, and others. All these features favor the coated fabrics market and boost their application scope in various industries.
Some among these industries encompass construction, manufacturing, apparel, and automotives. Coated fabrics are used in end-products such as clothes, tarpaulins, upholstery, airbags, and tents. Rapid technological developments alongside industrialization are one of the significant market drivers. Vehicular sales in China, India, and Brazil coupled with importance on road security may add market profits.
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However, the coated fabrics market is hindered by awareness of ecological issues and presence of substitutes. The expanding industry of automotives is anticipated to augment market revenues over the forecast period (2014 to 2020). Moreover, widespread protective clothing usage in agriculture, chemicals, and food processing should promote the market.
Based on products, the market is sliced into fabric backed wall coverings, polymer coated fabrics, and rubber coated fabrics. Made from different mixtures & emulsions of polyvinyl chloride, polymer coated fabrics will lead the market in the years ahead. Segment growth can be ascribed to demand across protective clothes & automotives.
Fabric backed wall coverings could rise marginally in view of infrastructural improvements and industrialized populace. On the basis of applications, the coated fabrics market is split into furniture, transportation, industrial, protective clothing, and others (travel ware, commercial, blankets).
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In 2013, transportation grabbed the largest shares of over 33%. This application would display rapid expansion in the forecast period. The same will result from infrastructural developments and growing automotives. Better living standards could also add applications of coated fabrics in furniture. This is predicted to propel market demand.
Asia Pacific was the biggest region in 2013. It accounted for over 50% incomes of the global market in 2013. Europe and North America are projected to grow slower owing to less infrastructural expansion. Spradling International Inc., Saint-Gobain S.A., Omnova Solutions, Bo-Tex Sales Co., and Takata Corporation are some of the key companies in the worldwide coated fabrics market.
The market is fragmented. It boasts of product developments as a means of widening their reach around the globe.
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