The coated fabrics market is estimated at USD 22.5 billion by 2020. It will grow favorably on account of its applications and product innovations. Expansion of the automotives industry would also boost the market from 2014 to 2020 (forecast period). This could be attributed to the usage of coated fabrics for car airbags.
Market demand stood around 3.4 billion square meters in 2013. It is predicted to increase to 4.4 billion square meters by 2020, at 3.8% CAGR during the forecast period. Coated fabrics are alleged to be a major source of air pollutants. Furthermore, substitutes like leather, plastic, and uncoated fabrics continue to pose threats to the market.
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Coated fabrics are manufactured from nylon, lacquer, polyethylene, and polyvinyl chloride. Their characteristics like elasticity, high water resistance, and better thermal insulation render them flexible and durable.
Products in the coated fabrics market include polymer, rubber, and fabric covered wall coverings. Polymer coated fabrics are made from various mixtures of polyvinyl chloride. They were the largest product in 2013. Their wide usage in airbags and protective clothing made them occupy 85% shares the same year. Polymer should exhibit a CAGR of 3.9% over the future. Fabric covered wall coverings are anticipated to grow moderately due to infrastructural projects.
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Applications of the coated fabrics market comprise transportation, furniture, protective clothing, and industrial. Transportation was the largest application in 2013, accounting for about 1.1 billion square meters of demand. Implementation of professional safety standards would fuel the demand for protective clothing. This segment accounted for around 526.7 million square meters in 2013. Furniture has the potential to become the fastest growing application in the next six years.
Asia Pacific was the largest coated fabrics market in 2013. Its revenues exceeded USD 7.6 billion in 2013. The region has an estimated growth rate of 5.1% during the forecast period. This can be attributed to an active construction industry in Brazil, India, and China. Europe and North America should undergo growth rates of 3.2% and 3.5% respectively in the coming six years.
Prominent players in the global coated fabrics market encompass Takata Corporation, Saint-Gobain, Spradling International, Inc., Graniteville Specialty Fabrics, and Isotex.
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