Polymer Coated Fabric Market 2021 Global Demand and Outlook - Trelleborg AB, Serge Ferrari Group, Low & Bonar Plc, OMNOVA Solutions Inc

MarketInsightsReports has published a report entitled Global Polymer Coated Fabric Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The market for polymer coated fabric is expected to grow at a CAGR of less than 5% globally.

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Key Market Players: Trelleborg AB, Serge Ferrari Group, Low & Bonar Plc, OMNOVA Solutions Inc. and Seaman Corporation and Other

Key Market Trends

Increasing Safety Measures in Transportation Application

- The growth is majorly attributable to the increasing use of polymer coated fabrics in several transportation applications. In the automobile industry, safety is a major consideration for the manufacturers. Polymer coated fabrics are majorly employed for a wide scope of automotive applications such as interior, exterior, airbags, seatbelt, and covers.
- Frontal airbags are considered a key life-saving technology in automotive industry. Hence, National Highway Traffic Safety Administration is encouraging car manufacturing companies to implement better safety measures using a similar principal. This has a major impact on the increasing adoption of side-curtain airbags, mostly in passenger cars, thereby boosting the demand for polymer coated fabrics.
- According to US National Highway Transportation Safety Authority (NHTSA) and Insurance Institute for Highway Safety (IIHS), approximately 10,000 potential mortalities has been averted in the US alone since 1985 because of airbag-equipped vehicles.
- According to World Health Organization, road traffic accidents accounts to approximately 1.35 million deaths every year. In addition, more than 20 million people face non-fatal injuries resulting in disabilities and other health conditions. Thus, providing avenues for application of airbags, seatbelts and other interior applications to prevent accidents and fatalities is expected to positively influence the market over the forecast period.

Asia Pacific Region to Dominate the Market

- Asia Pacific is anticipated to be the largest and fastest polymer coated fabrics market, globally, owing to rapid industrial growth and urbanization in major countries such as China and India. The rising demand from the transportation, protective clothing, and industrial applications is boosting the polymer coated fabrics market in the region. Japan, and South Korea are other major countries driving the polymer coated fabrics market.
- Expanding automotive industry, manufacturing and chemical industries is expected to drive the growth of polymer coated fabric market. In addition, the increasing implementation of stringent regulations for importance of protective clothing is expected to drive the market.
- The rapidly evolving automotive industry in developing countries along with increasing product application to manufacture household furniture is further anticipated to augment the demand for coated fabrics in various applications. Innovation and development in the polymer coated fabrics such as shape memory polymers for smart textile applications is expected to increase the demand over the period.
- Small Asia Pacific countries such as Malaysia, Myanmar, Bangladesh, Vietnam, Philippines, etc. are also projected to show significant growth in the industrial segment on account of factors like presence of cheap labor and relaxed regulations. Asia Pacific is likely to show significant growth in terms of export and is expected to increase its production activities.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Polymer Coated Fabric market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Polymer Coated Fabric market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Polymer Coated Fabric market.

Market Segments: This part of the report discusses product type and application segments of the global Polymer Coated Fabric market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Polymer Coated Fabric used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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