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Silicone Fabrics Market | Key players operating in the market include Elkem, 3M, Nott Company, Mid-Mountain Materials, Newtex Industries

09-17-2021 10:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Silicone Fabrics Market, Silicone Fabrics

Silicone Fabrics Market, Silicone Fabrics

According to recent market research "Silicone Fabrics Market by Base Fabric (Fiberglass, Polyester, Polyamide), Application (Protective Clothing, Industrial Fabric, Clothing Fabric), End-Use (Industrial, Consumer, Automotive), and Region - Global Forecast to 2026", The global Silicone fabrics market size is projected to grow from USD 4.0 billion in 2021 to USD 5.5 billion by 2026, at a CAGR of 6.8% between 2020 and 2026. Factors such as stringent government regulations regarding passenger safety in automotive, growth of manufacturing industries, increasing demand for the protective clothing, and growing adoption in upholstery and furniture industry are driving the Silicone fabrics market. Moreover, the increasing demand for superior quality, high performance, and durable fabrics in consumer good manufacturing are expected to offer opportunities for Silicone fabrics manufacturers.

Browse 282 market data Tables and 52 Figures spread through 239 Pages and in-depth TOC on "Silicone Fabrics Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/silicone-fabrics-market-63640718.html

By base fabric, the fiberglass segment accounted for the largest share in the overall Silicone fabrics market. This growth can be attributed to the low cost, high performance, suitability to several industrial applications, and strong resistance to heat, water and UV supports for the growth of the silicone coated fiberglass fabrics market. Similarly, the polyamide segment is mainly driven by increasing demand for the airbags across the globe. Also, it is supported by the stringent government regulation in developed as well as developing countries.

The industrial fabric segment led the overall Silicone fabrics market in 2020, both in terms of value and volume. It is used across several industrial applications such as conveyor belts, insulation, gaskets, hoses, and heat shield, among other. With the growth of the manufacturing industry across the globe, the demand for silicone fabrics is increasing steadily.

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The global silicone fabrics market is estimated to be USD 4.0 billion in 2021 and is projected to reach USD 5.5 billion by 2026, at a CAGR of 6.8%, between 2021 and 2026. The growth of the coated fabrics market is primarily triggered by the huge demand from the transportation and protective clothing applications. APAC is estimated to be the largest coated fabrics market due to increasing population in the continent, improving economic conditions, such as rising GDP & disposable incomes and booming manufacturing sector

The silicon coated market is dominated by large players, such as Elkem (US), 3M Company (US), Auburn Manufacturing Inc. (US), Nott Company (US), Mid-Mountain Materials, Inc (US), Newtex Industries, Inc (US), Precision Coating & Coated Fabrics (US) Trelleborg AB (Sweden), COMPAGNIE DE SAINT-GOBAIN S.A. (France), and Serge Ferrari Group (France). These players have adopted several strategies, such as acquisitions, agreements, and expansions, to enhance their market footprint and product portfolios.

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Owing to the COVID-19 pandemic, there has been a significant slump in demand for silicon fabrics across the globe. However, the company such as Elkem and Serge Ferrari had developed silicon fabrics for high growth application such as marine, medical and healthcare, among other. Also, through aggressive marketing and online platform, the company is focussing to reduce the lead time to customer and to increase its presence in the global market.

Over the recent past, the Trelleborg AB has channelized efforts toward the expansion of the business through the inorganic growth strategy. In line with this strategy, in recent years, the company acquired several local as well as regional players, which has a significant presence in the market. The company, thus, targets several end-use industries of North America with a wide product offering to cater to the ever-changing demand from industries.

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