Polymer Coated Fabrics Market Worth $20.1 Billion by 2024 - Exclusive Report by MarketsandMarkets™
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  • Polymer Coated Fabrics Market Worth $20.1 Billion by 2024 - Exclusive Report by MarketsandMarkets™

     



    (Transportation-News.com, November 15, 2021 ) The "Polymer Coated Fabrics Market” size is projected to reach USD 20.1 billion by 2024 from USD 16.3 billion in 2019, at a CAGR of 4.3% between 2019 and 2024." The demand for polymer-coated fabric is very high in various applications due to its superior properties, such as resistance to dirt, oil, UV, and water. Moreover, the rising demand for automotive upholstery and home furnishing is expected to drive the polymer-coated fabrics market.



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    The rising safety measures in the transportation application and the stringent regulatory requirements for workers' safety are expected to drive the polymer coated fabrics market, globally. In addition, APAC and South American countries, such as China, India, and Brazil, are emerging as rapidly growing industrial hubs that account for substantial growth potential for the polymer coated fabrics market.



    Polyvinyl was the largest polymer type segment in the polymer coated fabrics market in 2018.



    Polyvinyl was the largest type segment in the polymer coated fabrics market, in terms of both value and volume, in 2018. The growth of this segment can be attributed to the fact that PVC is the most used coating for architectural fabrics due to the reduced cost, easy weldability, and the range of colors available. Additionally, it can be easily painted or printed.



    Transportation was the largest application segment of the polymer coated fabrics market.



    Transportation is estimated to be the largest application of coated fabrics during the forecast period. Polymer coated fabrics are being used in transportation applications due to various reasons. They are rot-proof, dirt & oil-repellent, mildew resistant, water-resistant, and UV resistant. They improve material durability and are weather & corrosion resistant. The usage of polymer coated fabrics contributes to the reduction in the weight of vehicles, which leads to low emissions of CO2. They also provide improvements in passenger safety and superior comfort in seating. High demand for coated fabrics in seating upholstery, truck covers, airbags, and seatbelt is expected to drive the market in the transportation application during the forecast period.



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    Browse in-depth TOC on "Polymer Coated Fabrics Market"169 – Tables 41 – Figures 282 – Pages



    The key market players profiled in the report include as Continental AG (Germany), Spradling International Inc. (US), Seaman Corporation (US), Saint-Gobain SA (France), Trelleborg AB (Sweden), Sioen Industries NV (Belgium), Serge Ferrari Group (France), Low & Bonar Plc (UK), and OMNOVO Solutions Inc. (US).



    Continental AG (Germany) is a leading manufacturer of polymer coated fabrics, globally. The company produces various polymer coated fabrics mainly used in transportation, protective clothing, and industrial applications. It has good depth and breadth in its product offering, catering to most specific requirements of its customers. The company has been focusing on the strategies of expansion and new product launch to maintain its leadership in the market. For instance, in March 2017, the company opened a new plant for polymer coated fabrics in Changshu, China. The new center is expected to better serve Chinese customers’ demands in different industries.



    Trelleborg AB (Sweden) is another leading manufacturer of polymer coated fabrics. The company operates in the Americas, Europe, and Asia. It acquired Laminating Coating Technologies Inc. (Lamcotec) (US) in July 2018 as part of its strategy to strengthen its position in the US market. In February 2018, it also acquired Dartex Holdings (UK), a manufacturer of coated fabrics, primarily for the healthcare & medical industry. The acquired company is also a leading manufacturer of coated fabrics for pressure injury prevention. This acquisition is expected to broaden the company’s offering in the polymer coated fabrics market.



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