Polymer Coated Fabrics Market Is Booming Worldwide with CAGR of 5.5 % up to 2028 | Featuring - Continental AG, SRF Limited, Spradling International Inc, SRF Limited, Trelleborg AB, Takata Corporation, Serge Ferrari Group, Dickson Constant, Seaman Corporat

A recent report published by QMI on polymer coated fabrics market is a detailed assessment of the most important market dynamics. After carrying out thorough research of polymer coated fabrics market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for polymer coated fabrics during the forecast period. It can enable manufacturers of polymer coated fabrics to change their production and marketing strategies in order to envisage maximum growth.

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Polymer coated fabrics market was valued at USD 23.09 Billion in 2019 and is anticipated to reach USD 37.39 Billion by 2028, at a CAGR of 5.5% during the forecast period, 2021-2028. Increasing use of polymer coated fabrics for various applications such as transportation, protective clothing, industrial, awning, roofing & canopies, furniture & seating is driving the polymer coated fabrics market. Rapid urbanization, infrastructural development and innovation in product technology are some of the factors projected to propel the demand for polymer coated fabrics market.

The key players leading in the market are
o Trelleborg AB
o Takata Corporation
o Spradling International Inc.
o Serge Ferrari Group
o Saint-Gobain SA
o Sioen Industries NV
o Continental AG
o Cooley Group Holdings, Inc.
o Dickson Constant
o Seaman Corporation
o SRF Limited

Polymer-coated fabric can be described as textile materials and compounds which are individually coated with various polymers and chemical compounds. This results in having different characteristics for each textile material. These methods help to make the products resistant to tear and break, waterproof, flame-resistant and various other environmental factors related to it. Such fabrics are gaining popularity due to their water-resistant, UV-resistant, abrasion and durability properties.

Increasing demand from the end use industry is one of the key factors for the growth of the market. Automotive industry is one of the major consumer and polymer-coated fabrics are widely used in the making of interiors, seat belts, airbags, vehicle seats, and roofing.

Important Factors Polymer Coated Fabrics Market Growth:
o Rapid urbanization and infrastructural development
o Polymer coated fabrics help to make the products waterproof, flame resistant and having durability properties
o Increasing demand for end user industry and advancement in new technology

The report analyzes factors affecting polymer coated fabrics market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter model analysis on polymer coated fabrics market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and Rest of the world.

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Polymer coated fabrics market is segmented on the basis of product into Polyvinyl, Polyurethane and Polyethylene. From these, polyurethane sub segment is expected to register lucrative growth during the forecast period.

Polymer coated fabrics market based on the application can be divided into transportation, protective clothing, industrial, awning, roofing & canopies, and furniture & seating.

Insights about regional distribution of market:
The market has been segmented in major regions to understand the global development and demand patterns of this market. For polymer coated fabrics market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific and Western Europe are expected to be major regions on the polymer coated fabrics market.

North America and Western Europe have been dominant players in this market with the presence of major companies which have a strong infrastructure to boost the growth of this market. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions.

Also, some of the major companies operating in polymer coated fabrics market are headquartered in these regions.

The Asia Pacific region is estimated to register fastest growing polymer coated fabrics market since some of the major economies like China, India, and South Korea are present in the region. Chemical, material, healthcare, and others are some of the major industries in the region with strong potential for the polymer coated fabrics market. During the forecast period, the Middle East region promises a strong market potential with a high demand. It is estimated that Eastern Europe will have stable demand during the forecast period. Also, the rest of the world is expected to be an emerging market due to the increasing demand.

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Market Segmentation:
By Product:
o Polyvinyl
o Polyurethane
o Polyethylene

By Application:
o Transportation
o Protective Clothing
o Industrial, Awning
o Roofing & Canopies
o Furniture & Seating

By Region:
North America
o By Country (U.S., Canada, Mexico)
o By Product
o By Application

Western Europe
o By Country (Germany, U.K., France, Italy, Spain, Rest of Western Europe)
o By Product
o By Application

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Product
o By Application
Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Product
o By Application

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Product
o By Application

Rest of the World
o By Region (South America, Africa)
o By Product
o By Application

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This release was published on openPR.