The Americas and Europe Polymer Coated Fabrics Market size is projected to reach USD 10.12 billion by 2025 and register a CAGR of 4.6% over the forecast period, according to a new report published by Grand View Research, Inc. The market is anticipated to be driven by the growing demand in automotive, protective clothing, industrial, and marine applications in developed countries such as U.S., U.K., Germany, Italy, and Spain.
The growth in the sale of personal cars in major economies of Europe, including France, Germany, and Italy, is projected to significantly drive the demand for polymer coated fabrics, given their application in airbags, upholstery, tops, covers, and other interior products in light vehicles. Moreover, economic upswing in countries like Czech Republic is anticipated to drive the market.
The changing regulations pertaining to employee safety at workplace and manufacturing facilities have a significant impact on the demand for polymer coated fabrics in industrial protective clothing. The implementation of standardized safety measures associated with industrial operations is expected to further drive the product demand.
Increasing share of furniture consumption in emerging economies such as Brazil, Mexico, and Argentina along with the rising consumer expenditure on furniture and furnishing in developed economies such as U.S., Canada, and Germany owing to the increased spending on leisure products is expected to bode well for the growth of the Americas and Europe polymer coated fabrics market over the forecast period.
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North America and Central Europe collectively accounted for over 54.8% of the overall product consumption in 2018. The demand for polymer coated fabrics in Europe is expected to register sluggish growth over the next seven years owing to the decreasing manufacturing output in mature economies such as U.K. and Germany.
Further key findings from the report suggest:
- In terms of product, polyvinyl chloride emerged as the largest segment in 2018 as these fabrics are resistant to chemicals, combustion, aging, and abrasion and are relatively inexpensive which gives them the added advantage over their counterparts
- In terms of application, light vehicles accounted for the largest market share in 2018 and recorded a revenue of USD 1.9 billion. The segment is driven by increasing automotive production along with the rising per capita income resulting in escalating demand for high-quality and novel polymer coated fabrics in the automotive industry
- The production of light vehicles in Italy increased by 4.2% from 2017 to 2018. Rising demand for vehicles within the country and in international markets is expected to boost the growth of upholstery industry, which in turn is anticipated to drive the production of polymer coated fabrics
- The market is highly competitive in nature with high pressure pertaining to pricing and a limited number of suppliers delivering premium quality raw materials to meet the high standards of application industries
- The key market participants include OMNOVA solutions Inc.; BASF; Continental AG; and SRF Ltd.
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Key Topics Covered
Chapter 1 Executive Summary
1.1 carbon black market for textile fibers – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 carbon black market for textile fibers Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 carbon black market for textile fibers Value Chain Analysis
2.4 carbon black market for textile fibers Market Dynamics
2.4.1 Market driver analysis
126.96.36.199 Decline in cotton consumption leading to increasing synthetic textile fibers demand
188.8.131.52 Growing demand for polyester fiber leading to increasing demand carbon black demand
2.4.2 Market restraint analysis
184.108.40.206 Volatile raw material prices
2.5 Key Opportunities Prioritized
2.6 Industry Analysis – Porter’s
2.7 carbon black market for textile fibers – PESTEL Analysis
Chapter 3 carbon black market for textile fibers Product Outlook
3.1 carbon black market for textile fibers market volume share by product, 2013 & 2020
3.2.1 Market estimates and forecast, 2012 – 2020 (Kilo Tons) (USD Million)
3.2.2 Market estimates and forecast, by region, 2012 – 2020 (Kilo Tons) (USD Million)
3.3.1 Market estimates and forecast, 2012 – 2020 (Kilo Tons) (USD Million)
3.3.2 Market estimates and forecast, by region, 2012 – 2020 (Kilo Tons) (USD Million)
3.4.1 Market estimates and forecast, 2012 – 2020 (Kilo Tons) (USD Million)
3.4.2 Market estimates and forecast, by region, 2012 – 2020 (Kilo Tons) (USD Million)
3.5.1 Market estimates and forecast, 2012 – 2020 (Kilo Tons) (USD Million)
3.5.2 Market estimates and forecast, by region, 2012 – 2020 (Kilo Tons) (USD Million)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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