Press release
Worldwide Textile Coatings Market By Material 2024 | Huntsman International, Omnova Solutions,BASF, Solvay, Covestro AG, Clariant AG, Formulated Polymer Products, Sumitomo Chemical Company, Lubrizol Corporation
U.S. textile coatings market will witness growth over 4.5% up to 2024. Positive outlook from home furnishing, clothing and industrial applications will support the overall business growth. Stagnant raw material prices along with increase in spending on R&D for further product innovation will propel regional industry growth.
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Meticulously analyzed in terms of pivotal industry segments, Global Textile Coatings market report effectively covers the scope of this space in terms By Material, By Technology, By Application and the prominent contributors. Additionally, the report also outlines intricate details regarding the lucrative opportunities that industry contenders can expect in conjunction with the potential threats that have been envisioned for this business sphere in the forthcoming years.
The report extensively bifurcates the various contenders of Global Textile Coatings market. Prominent contributors such as Huntsman International, Omnova Solutions,BASF, Solvay, Covestro AG, Clariant AG, Formulated Polymer Products, Sumitomo Chemical Company, Lubrizol Corporation, Tanatex Chemicals, Sioen Coating, DSM, Textiles Coated International, National Coating Corporation, Conversion Technologies International, Vintex, Ajy Tech India, Nobletex, Arville, Reagent, Integra have been scrutinized in terms of their financials, strengths, weaknesses, potential threats in the market, and future opportunities.
Advanced technology will witness growth over 4.5% through to 2024. Large scale production, ease in process and robust design are few key properties driving industry growth in segment.
Favorable government regulations offering free trade along with availability of raw materials will fuel the business growth. Low raw material cost along with availability of labors will further enhance the product growth.
Thermoplastic accounted for over 80% of the overall textile coatings demand in 2016. Air bags, automotive upholstery, and bulk bags are major contributing application. Benefits including durability, strength, and high resilience will facilitate market growth in this segment.
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Increasing preference for advanced automotive interiors along with rise in demand for passenger vehicle will drive the textile coatings market growth. Global passenger cars production was over 75 million units in 2016 and will grow at over 6.5% up to 2024.
Rapid urbanization along with increasing government spending on infrastructure will drive the market growth. Benefits including anti-abrasion, thermal insulation, self-cleaning and fire retardation will remain key factors fueling product demand.
Construction industry was valued over 450 kilo tons in 2016. Advancement in advertisement platforms including billboards, hoardings and signage are positively influencing industry growth. In addition, increasing product adoption in supporting nets, awnings and canopies used during infrastructure development will fuel demand.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Textile Coatings Industry Insights
Chapter 4. Textile Coatings Market, By Material
Chapter 5. Textile Coatings Market, By Technique
Chapter 6. Textile Coatings Market, By Application
Chapter 7. Textile Coatings Market, By Region
Chapter 8. Company Profiles
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