The Americas and Europe polymer coated fabrics market size is projected to reach USD 10.12 billion by 2025 and register a CAGR of 4.6% over the forecast period, according to a new report published by Grand View Research, Inc. The market is anticipated to be driven by the growing demand in automotive, protective clothing, industrial, and marine applications in developed countries such as U.S., U.K., Germany, Italy, and Spain.
The growth in the sale of personal cars in major economies of Europe, including France, Germany, and Italy, is projected to significantly drive the demand for polymer coated fabrics, given their application in airbags, upholstery, tops, covers, and other interior products in light vehicles. Moreover, economic upswing in countries like Czech Republic is anticipated to drive the market.
The changing regulations pertaining to employee safety at workplace and manufacturing facilities have a significant impact on the demand for polymer coated fabrics in industrial protective clothing. The implementation of standardized safety measures associated with industrial operations is expected to further drive the product demand.
The key market participants include OMNOVA solutions Inc.; BASF; Continental AG; and SRF Ltd.
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The rise in demand for protective clothing owing to various government initiatives, such as Model Work Health and Safety Act by Australian government, European Union’s Directive 89/686/EEC, The Personal Protective Equipment Regulations 2002, and worker safety laws are driving the use of polymer coated fabrics as protective clothing.
The demand for Polyvinyl Chloride (PVC) coated fabric is expected to witness growth over the forecast period owing to its superior properties as compared to those of its counterparts. These properties enable the product usage in upholstery and protective applications in various end-use industries, such as automotive and furniture and seating. PVC coated fabrics are relatively inexpensive and the cost of the polymer is largely determined by the cost of additives such as plasticizers, light and heat stabilizers, fillers, and flame retardants.
Further key findings from the report suggest:
- In terms of product, polyvinyl chloride emerged as the largest segment in 2019 as these fabrics are resistant to chemicals, combustion, aging, and abrasion and are relatively inexpensive which gives them the added advantage over their counterparts
- In terms of application, light vehicles accounted for the largest market share in 2019 and recorded a revenue of USD 1.9 billion. The segment is driven by increasing automotive production along with the rising per capita income resulting in escalating demand for high-quality and novel polymer coated fabrics in the automotive industry
- The production of light vehicles in Italy increased by 4.2% from 2017 to 2019. Rising demand for vehicles within the country and in international markets is expected to boost the growth of upholstery industry, which in turn is anticipated to drive the production of polymer coated fabrics
- The market is highly competitive in nature with high pressure pertaining to pricing and a limited number of suppliers delivering premium quality raw materials to meet the high standards of application industries
- The key market participants include OMNOVA solutions Inc.; BASF; Continental AG; and SRF Ltd.
Frontal airbags are considered as a major life-saving technology in automotive industry. Thus, National Highway Traffic Safety Administration is encouraging car manufacturers to adopt more safety devices using a similar principal. This has a major impact on the increasing installation of side-curtain airbags in passenger cars, thereby driving the demand for polymer coated fabrics.
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Factors, such as high weather ability, flexibility at low temperatures, and resistance to high impact and abrasion enable the use of PU coated fabrics for manufacturing high altitude protective clothing, chemical protective clothing, and fire retardant apparels, in turn, driving the demand for the two fabrics in protective clothing industry.
Rising consumer confidence in the economy coupled with augmenting demand for all types of vehicles is expected to drive automobile production across the globe. The market penetration of polymer coated fabrics is witnessing growth owing to their increasing utilization in airbags, upholstery, and other minor applications in light vehicles. These factors are likely to boost the product demand over the forecast period.
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Grand View Research has segmented the Americas and Europe polymer coated fabrics market on the basis of product, application, automotive by application, application by product.
Americas and Europe Polymer Coated Fabrics Product Outlook (Volume, Thousand Square Meter; Revenue, USD Million, 2014 - 2025)
- Polyvinyl Chloride
- Polyurethane
Americas and Europe Polymer Coated Fabrics Application Outlook (Volume, Thousand Square Meter; Revenue, USD Million, 2014 - 2025)
- Light Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Marine
- Furniture & Seating
- Protective Clothing
- Industrial
- Roofing, Awnings & Canopies
- Wallcoverings
- Footwear & Leather Goods
- Others
Americas and Europe Polymer Coated Fabrics Automotive by Application Outlook (Volume, Thousand Square Meter; Revenue, USD Million, 2014 - 2025)
- Airbags
- Upholstery
- Headliners
- Trims
- Tops
- Covers
- Flooring
In terms of product, the market is categorized into Polyvinyl Chloride (PVC) and polyurethane. PVC coated fabric accounts for a majority market share. The product is utilized in several industries owing to its high chemical and thermal resistance. In addition, the low vulnerability to wear and tear promotes its use in automotive and furniture and seating applications, which in turn is expected to drive the product demand over the forecast period.
Vinyl chloride is a carcinogenic compound and recycling it, is a major challenge faced by manufacturers and consumers. As a result, several countries, including U.S., Sweden, Canada, Spain, Denmark, France, Greece, and Germany, are imposing restrictions on the use of phthalates in PVC compounds, which is expected to negatively impact the market.
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The market is highly competitive in nature with high pressure pertaining to pricing and a limited number of suppliers delivering premium quality raw materials to meet the high standards of application industries. The market players adopt merger and acquisition strategies to expand their businesses and manufacturing capabilities.
OMNOVA Solutions, a major producer of polymer coated fabrics, has a broad product portfolio, including brands such as Boltaflex, Nautolex, and PreVaill, offering high-performance polyvinyl and polyurethane automotive upholstery as well as marine upholstery used in exterior and interior marine applications. The company also caters to construction and architecture, corporate offices, healthcare, hospitality, sports, and several other industries.
Spradling International, another major market player, offers over 500 products designed specifically for individual markets and applications. Continental AG and Solvay are integrated across three stages of the value chain as the companies are involved in raw material production, manufacturing of coated fabrics, and product supply or distribution. The companies operate in the international markets and are major players in the global coated fabrics industry with distribution networks spread across all the regions.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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