Polymer Coated Fabrics Market worth $20.1 billion by 2024 | Key Players include Continental AG, Spradling International Inc., Seaman Corporation, Saint-Gobain SA, Trelleborg AB, Sioen Industries NV

According to recent market research "Polymer Coated Fabrics Market by Product (Polyvinyl, Polyurethane, Polyethylene), Application (Transportation, Protective Clothing, Industrial, Awning, Roofing & Canopies, Furniture & Seating) - Global Forecast to 2024", The polymer coated fabrics market is projected to reach USD 20.1 billion by 2024, at a CAGR of 4.3% from USD 16.3 billion in 2019.

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The polymer coated fabrics market is projected to reach USD 20.1 billion by 2024, at a CAGR of 4.3% from USD 16.3 billion in 2019. Polymer coated fabrics are woven or non-woven textile substrates that are manufactured by coating or laminating the fabric with polymers. Polymer coated fabrics have advantages such as good resistance to fire, water, and abrasion, and are relatively inexpensive compared to the other coated fabrics. Factors such as surging demand from transportation, protective clothing, and industrial applications; increasing safety concerns; and stringent government regulations for providing safety to workers are expected to augment the growth of the polymer coated fabrics market.

Based on polymer type, the polymer coated fabrics market is segmented into polyvinyl coated fabrics, polyurethane coated fabrics, polyethylene coated fabrics, and others. The polyurethane coated fabrics segment is expected to register the highest growth rate between 2019 and 2024. PU coated fabrics have better transparency, elasticity, resistance to oil, grease, and abrasion. They are especially preferred if there is a requirement for unusual impact and abrasion resistance. They are primarily used for applications such as rainwear, waterproof protective clothing, upholstery, luggage, footwear, glove, waterproof mattress cover, inflatable boats, and recreational items, among others.

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The polymer coated fabrics market size is projected to reach USD 20.1 billion by 2024 from USD 16.3 billion in 2019, at a CAGR of 4.3% between 2019 and 2024. The demand for polymer-coated fabric is very high in various applications due to its superior properties, such as resistance to dirt, oil, UV, and water. Moreover, the rising demand for automotive upholstery and home furnishing is expected to drive the polymer-coated fabrics market.

Continental AG (Germany), Spradling International Inc. (US), Seaman Corporation (US), Saint-Gobain SA (France), Trelleborg AB (Sweden), BASF (Germany), Songwon (South Korea), and ADEKA (Japan) are the major players in this market.

Continental AG (US) is a leading manufacturer of coated fabrics across the globe. The company produces various coated fabrics mainly used in transportation, protective clothing, and industrial applications. In March 2017, the company opened a new plant for coated fabrics in Changshu, China. The new center is expected to better serve Chinese customers' demands in different industries. This will provide the company an opportunity to tap the market more effectively for polymer coated fabrics.

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Spradling International Inc. (US) is one of the major players in the polymer coated fabrics market, which is present in the market for over 60 years, opened a plant in Costa Rica. The project includes high-tech, European machinery that has the most cutting-edge and efficient technology. The expansion helped the company to support its customers, its workers, and the local Costa Rica community.

Trelleborg AB (Sweden) is another leading manufacturer of coated fabrics. The company operates in North America, Europe, South and Central America, and the Asian Market. The company acquired US-based Laminating Coating Technologies Inc. (Lamcotec) in July 2018 as part of its strategy to strengthen its position in the US market. Lamcotec develops and manufactures polyurethane-coated and laminated fabrics for the aerospace and healthcare & medical industries. The acquisition helped the company strengthen its position in the polymer coated fabrics market.

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