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Coated Glass Market 2024: Key Players Asahi Glass Co., Ltd., PPG INDUSTR, PILKINGTON GROUP LIMITED
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Necessity for safety particularly in military, medical, law enforcement, chemical processing, food processing and agriculture will propel the coated fabrics market growth. Increase in consumer spending coupled with rising usage of furniture and home decors particularly in emerging economies including India and China will trigger the demand.
Growth in OEM applications including manufacturing nose covers, spare tire covers, pickup truck bed covers, convertible tops, motor vehicles upholstery, headliners and airbags has surged the industry demand. High demand for aesthetic appearance for seat covers has encouraged the coated fabrics market in transportation industry.
Upsurge in construction expenditure for apartments, office buildings, hospitals, schools and hotels along with restoration and renovation will drive the industry demand. Increasing government spending on infrastructure development particularly in India, China, Indonesia and Thailand may influence the coated fabrics market.
Stringent government regulations to ensure worker safety in industries has enhanced the product penetration. Spacesuits, reflective clothing, footwear, clean room clothing, chemical suits and aprons are major protective clothing. However, easy available substitutes which include plastics and leather may hinder the industry growth. Wide range of plastic utilization in several end user industries may threat the coated fabrics market.
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Polymer coated fabrics market was worth around USD 17 billion in 2015. High resistivity against abrasion, fire and water are the key factors driving the coated fabrics market. Rising safety concerns along with strict government norms are encouraging the industry growth. Rubber fabrics is the fastest growing segment due to is increasing applications in gymnasium mats, food conveyer belts, automotive upholstery, rainwear and lifeboats.
Transportation was valued at over USD 6 billion in 2016. The product is widely used in vehicles to provide protection from UV rays and water, thereby driving industry. Europe, led by the UK, Germany and France was valued over USD 3 billion in 2015. Strict labour laws, standardized safety procedures and presence of numerous construction and automobile industry is expected to fuel the industry growth in the region
Asia Pacific will witness growth of around 4% owing to presence of various construction companies and improving economic conditions. Huge investments in several industries including chemical, steel, oil & gas, infrastructure and automotive will fuel the coated fabrics market in the region.
Global coated fabrics market is fragmented due to presence of large number of regional manufacturers. Some of the potential players include Saint-Gobain, Trelleborg, Canadian General Tower, Takata and Omnova Solution.
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