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Textile Coatings Market Size, Industry Growth Analysis and Forecast 2028 | Key Players: Covestro AG, Huntsman International LLC, Solvay SA, Clariant AG, BASF SE

09-16-2021 10:56 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

Textile Coatings Market

Textile Coatings Market

The global textile coatings market is anticipated to grow with a high CAGR over the forecast period. The Global Market Research Report offers a truthful study of market dynamics, obstacles and opportunities, frameworks, components, key developments, and regional and global industry difficulties. Also, competitive landscape of the global textile coatings market also provides thorough strategic analysis of the providers’ performance and business such as financial statistics, revenue breakup, by geography and by segmentation.

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Scope of the Global Textile Coatings Market

The global market research report comprises company overview, key facts, risk analysis, research & development, marketing & distribution strategies, key product offerings, product expansion, recent developments, new product launching, and many market activities. In addition to this, the global textile coatings market report also covers upstream raw materials and downstream demand analysis with widespread summary. The report offers key market participants with the required business intelligence and aid them understand the future of the global textile coatings market.
Textile coatings are chemicals that provide additional properties such as resistance to burning, waterproofing, anti-scratch, and anti-abrasion, repellence of soil & stain, durability of heat, and breathability. These coatings improve the efficiency of textiles in terms of function and are increasingly used for technical textiles. Low-cost fabrics are coated with textile coatings that provide end-use manufacturers with higher added value, thus increasing their profit margins. Growing quality and performance standards in the end-use industry, such as increasing performance specifications, increasing fire protection regulations, and increasing quality standards in the apparel industry, are driving the global textile coating market. Moreover, it is expected that the launch of new revolutionary technologies or products would open up new markets for textile coatings. The key constraints on the textile coatings market are threats from bio-based substitutes and some environmental issues related to textile coatings made of PVC material. Few clothing coating products are known as hazardous and toxic to human health and the environment, such as isocyanides and PVC.

Segment Analysis of the Global Textile Coatings Market

The global textile coatings market is segmented into the product type, end use industry, and geographical regions. On the basis of product type, the global market is segmented into PVC, PU, Acrylics, SBR, and Natural Rubber. On the basis of end use industry, the global textile coatings market is bifurcated into Transportation, Building & Construction, Protective Clothing, Industrial, Medical, Sports, Agriculture, and Packaging.

Geographical Analysis of the Global Textile Coatings Market

The report offers a thorough overview of the industry embracing both qualitative and quantitative data. The report also provides overview and prediction of the global textile coatings market based on various segments. The study offers regional scenario with respect to key regions like North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. In the global textile coatings market, Asia Pacific is the dominant region. There is a rising demand for textile coatings in the textile industries in China and India, which is expected to drive the region's market growth. Other factors that are expected to drive market growth are rapid urbanization, growing population, and increasing demand for home decor products in developing nations. The rising manufacturing and industrial sector in the Asia Pacific region is positively boosting the industry.

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Competitive Landscape of the Global Textile Coatings Market

The global textile coatings market report offers major profiles of major companies along with their SWOT analysis and various major strategies such as agreements, partnership, merger & agreements, and others. Some of the market participants in the global textile coatings market identified across the value chain include Ajy Tech India Pvt., Ltd., William Birch Engineers Limited, Visen Industries Limited, Nobletex Industries Limited, DSM, PNP Polytex Pvt. Ltd, and Schaette America Inc.

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