The global elastomer coated fabrics market is projected to expand at a substantial CAGR by 2021, finds a report made available by Radiant Insights, Inc. Rising requirement for advanced fabric in multiple end-use sectors is anticipated to propel market over the forecast period (2017 to 2021). Versatile applications of the product are expected to bode well for demand in near future.
Elastomer coated fabrics are antibacterial, antistatic, and anti-fungal in nature. Their unique properties such as ultra violet (UV) resistance, elasticity, and visibility are likely to positively influence market growth. Being dirt and oil repellent, rot-proof, ultraviolet (UV) resistant, and water resistant in nature, the product is expected to witness high adoption across different industries. Continual innovation and technological advancements are also expected to stimulate market expansion. However, stringent environmental regulations implemented by various governments may hinder market growth during the forecast period.
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Nonetheless, there is a steady rise in demand for elastomer coated fabrics. To cater to this demand, most companies are investing in R&D activities to innovate advanced products. For instance, Mid-Mountain Materials, Inc.; offers high quality coated fabrics that can be used in aerospace applications. The company manufactures complete range of coated fabrics resistant to chemicals, temperature, and abrasion. The base fabrics find applications in aerospace, insulation, welding, and petrochemical among other applications.
The worldwide elastomer coated fabrics market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into Thermoplastic Polyurethane (TPU), silicone, Thermoplastic Olefin (TPO), and rubber. Silicon coated fabrics are likely to witness significant rise in terms of demand over the forecast period. Flexibility, unique adhesion, and water resistance of these fabrics is expected to bode well for the demand in near future. Rising adoption is expected to push companies to accelerate manufacturing process. This, in turn, can augment overall market growth during the forecast period.
Based on application, the market can be classified into protective clothing; transportation; industrial; roofing, awnings and canopies; furniture, and others. Transportation is anticipated to expand at a significant CAGR over the forecast period attributed to rising use in automobiles, aircrafts, marine, and railways. Properties such as durability, corrosion resistance, and weather resistance are likely to fuel demand for elastomer coated fabrics over the forecast period.
Regional segmentation includes North America, Japan, India, Europe, China, and the Rest of the World (RoW). India, China, and Japan are expected to hold maximum market share over the forecast period. High demand from protective clothing, transportation, industrial, roofing, and other sectors is expected to propel regional growth in the forthcoming years. In transportation sector, fabrics can be used in seat belts, seat covers, airbags, and others. Rapid growth of the regional transportation industry is poised to positively influence demand in near future.
North America is anticipated to witness significant growth during the forecast period owing to rapid urbanization coupled with rising population. In addition, increasing investments in end-use sectors is likely to surge demand for elastomer coated fabrics over the forecast period. Moreover, high adoption across multiple end-use applications owing to effective properties such as thermal resistance, water-proofing, and optimal performance can fuel regional market growth.
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Europe is projected to expand at a steady CAGR during the forecast period attributed to stringent regulations implemented by local governments to follow standardized products in end-use sectors. In addition, continual technological advancements are estimated to fuel product demand from countries such as Italy, Germany, United Kingdom, and France during the forecast period.
Some of the leading companies operating in the global elastomer coated fabrics market are Takata Corporation, Mehler Texnologies, Saint-Gobain SA, Seaman Corporation, and Serge Ferrari Group.
Table of Contents
1 Industry life cycle analysis
1.2 Classification of Elastomer Coated Fabrics
1.2.1 Silicone Coated Fabrics
1.2.2 TPU Coated Fabrics
1.2.3 TPO Coated Fabrics
1.2.4 Rubber Coated Fabrics
1.3 Application of Elastomer Coated Fabrics
1.3.2 Protective Clothing
1.3.3 Roofing, Awnings & Canopies
1.4 Market size 2012-2017
1.5 Market growth and demand growth rate
1.6 Product technical level
1.7 Profit margins of Elastomer Coated Fabrics industry
2 Industry market structure analysis
2.1 Supply & Consumption Analysis 2012-2017
2.1.1 North America
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