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(Transportation-News.com, October 01, 2019 ) Market Overview
• Engineered coated fabrics are sturdy, durable fabrics coated with a combination of technical fibers and specialty polymers with a range of applications for an outdoor environment where strength, protection, and impermeability are essential.
• Engineered coated fabrics are being used for high-end applications in various end-user industries, propelling market growth. The usage of engineered coated tissues in end-products are governed and monitored by federal regulations such as the FAA’s Technical Standard Order (TSO) C69 about the aerospace industry and the EPA’s Textile Mills Effluent Guidelines for application of fabrics in textile industries.
• The global Engineered Coated Fabrics market was worth XX billion in 2019 and is forecasted to reach XX billion by 2026, growing at a CAGR of XX% during the forecast period (2019-2026).
Market Dynamics
• The growth in the application of engineered coated fabrics in automotive and aerospace industry, along with the rise in demand for lightweight products, development of new high-performance materials, and implementation of stringent government regulations are the major growth factors positively impacting market growth.
• The continuous gain in market share of usage of engineered coated fabrics in automotive, marine, oil & gas, and aerospace industries, with growing market penetration of specialty coated polymers and textiles, has further driven the market growth. The key market players are also focused on new product launch to expand product portfolio and market reach.
• For instance, in January 2017, Trelleborg Engineered Coated Fabrics launched its enhanced portfolio of quality polyurethane, rubber and silicone-coated fabrics for medical applications to meet the growing demand of coated fabrics in medical, orthopedic and surgical applications.
• The increase in environmental awareness and concerns related to the use of hazardous chemicals in the production of coated fabrics and the availability of eco-friendly substitutes such as super-water-repellent fabrics and launch of Zero Discharge of Hazardous Chemicals (ZDHC) program are the significant factors acting as barriers to market growth.
Market Segmentation
• The global engineered coated fabrics market is segmented by coating type into polyurethane coated fabrics, rubber coated fabrics, silicon coated fabrics, and others.
• Polyurethane coated fabrics segment is the leading segment by market share owing to its improved mechanical properties and resistance to UV radiation while being waterproof and lightweight at the same time. The increase in the application of polyurethane coated fabrics in antistatic oil seals, flexible ducting, bellows, curtains, pipe plugs, lifting bags, water weights, anti-decubitus air cells, and fast deployment tents is further expected to boost the market share of the segment.
• By end-user, the global engineered coated fabrics market is categorized into automotive, aerospace and defense, oil & gas, marine, and others including food processing, healthcare, and consumer goods. The automotive sector is expected to remain the most dominant segment over the forecast period owing to the high demand of lightweight and durable parts aimed at achieving higher fuel efficiency and reduction of greenhouse gas emissions.
• The aerospace sector would witness faster growth rate, buoyed by the implementation of stringent government regulations aimed at addressing safety concerns and application of coated fabrics in ballistic jackets, safety floats, and other defense applications.
Geographical Analysis
The global engineered coated fabrics market is segmented by geography into
• North America,
• South America,
• Europe,
• Asia-Pacific,
• Rest of the World (RoW).
Company Profiles
1. ContiTech AG
2. Fothergill Polycom Ltd.
3. Graniteville Specialty Fabrics
4. Low & Bonar PLC
5. OMNOVA Solutions Inc.
6. Saint-Gobain S.A.
7. SRF Limited
8. Trelleborg AB
9. Uniroyal Global Engineered Products, Inc.
10. Vintex Inc.
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