The global coated fabrics market revenue is expected to expand at a significant CAGR over the forecast period. Coated fabrics is a woven or non-woven type of fabric with a surface of rubber, plastic resin, elastomer, etc. It is a highly durable, elastic, and corrosion resistant material. Major factors driving growth of the global coated fabrics market is increasing adoption in transportation and construction sector. In transportation sector coated fabrics are used as vehicle, machinery, and container covers. In construction sector, it is used for tents, canopies, roofing, awning, and others.
The global coated fabrics market has been segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into rubber coated fabric, polymer coated fabric, and fabric-backed wall covering. Polymer coated fabric segment dominates the global market in terms of revenue and is expected to maintain its position over the forecast period. Polymer fiber is used for protective clothing and transportation since it is resistant to abrasion, water, and fire.
On the basis of application, the market is segmented into industrial, protective clothing, construction, transportation, furniture, and others. Currently, transportation segment dominates the global market in terms of revenue, owing to increasing use of rubber and polymer fabrics in vehicles, aircrafts, and military vehicles. Transportation segment is also expected to witness fastest growth over the forecast period, due to growing automotive sector.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to dominate the global market in terms of revenue over the forecast period, owing to increasing use of coated fabrics for construction and automobiles in this region. Increasing investment and rising demand for protection gear for military, as well as, civil sector are also factors anticipated to boost the growth of the global coated fabrics market.
Key players operating in the global coated fabrics market include SRF Limited, Trelleborg AB, Serge Ferrari Group, Saint-Gobain S. A., Sioen Industries NV, OMNOVA Solutions Inc., Continental AG, Takata Corporation, Low & Bonar PLC, and Heytex Bramsche GmbH.