Press release
Impact of Covid-19 On Textile Coatings Market 2019 | Competitive Landscape, Latest Technological Advancement, Business Trends And Regional Overview By 2026 | Covestro AG. (Germany), Huntsman International LLC (U.S.), Solvay SA (Belgium)
Textile Coatings Market Snapshot:The Global Textile Coatings market accounted for approximately USD 5.70 billion in 2017 and is expected to grow at a CAGR of 3.8 % during the forecast period, 2019–2026. The report aims at historical occurrences, talks about the present status of the industry, and also provides valuable forecast information up to 2026. Every organization partaking within the global production of the Textile Coatings market products is mentioned during this report, so as to review the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications.
Textile coatings is gaining popularity on account of growing textile industry, deployment of advanced technology and type of coating material used such as natural rubber, depending on end use of textiles. For instance, polyurethane (PU) is widely used for textile coating to improve quality of synthetic materials as well as protect colour effects and this improved synthetic material are further used in the manufacturing of footwear, garments, car upholstery etc.
In recent past years textile industry has witnessed tremendous evolution owing to the changing preferences in cloth and garments and its innovative applications in various industries. For instance, textiles are not only limited with clothing and garments production, but it also finds various other applications such as fire protecting & flame-retardant fabrics by using fire protective coatings and these fabrics are further used for military, fire service purposes.
Thermosets cellulosic is further segmented in to styrene butadiene rubber, natural rubber and other includes nitrile rubber and butyl rubber. Butyl rubber coatings are specifically used in the production of protective clothing, light weight life jackets, aircraft carpet backing etc., owing to its specific advantages such as low gas permeability, good weather resistance and stable structure at high temperatures.
Among building and construction industry, architectural membrane is expected to escalate the demand for textile coatings market owing to increasing demand for the architectural membrane structures. it is deployed in airport carparks, entrances, shade structure for schools, universities and commercial developments where architectural membranes are intentionally used to promote and distribute content. Rapid growing urbanization and increasing commercial and residential properties are expected to propel the growth of textile coatings market.
Asia-pacific is expected to lead the global textile coating market during forecast period 2019-2026. The growth of the market is imputed to the diverse industrial application ranging from building & construction, automotive, and others. Growing textile industry is anticipated to boost the demand for textile coating in India. For instance, according to the Indian Brand Equity Foundation, Indian textile industry was valued at USD 150 billion in 2017 and it is projected to reach at USD 250 billion by 2019.
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The Major Prominent Players Covered in this Report:
Covestro AG. (Germany), Huntsman International LLC (U.S.), Solvay SA (Belgium), BASF SE (Germany)., Omnova Solutions Inc. (U.S.), The Lubrizol Corporation (U.S.), DSM (Netherlands), Tanatex Chemicals ( India)., National Coating Corporation (U.S.), Textiles Coated International (Australia), The Dow Chemical Company (U.S.), Sumitomo Chemical Company (Japan) and Clariant AG (Switzerland). & More.
By Type
Thermosets Cellulosic
Styrene butadiene rubber
Natural rubber
Others (Nitrile rubber, Butyl rubber etc.)
Thermoplastics
Polyvinyl chloride
Polyurethane
Acrylics
Others (Polyolefin, Nylons, EVA etc.)
Others (Silicone, Flouro polymers)
By Technology
Traditional
Advanced
Magnetron Sputtering
Plasma Coating
By End-use Industry
Industrial
Fabric filters
Others
Transportation
Automotive upholstery
Airbag fabrics
Others
Building & Construction
Canopies and awnings
Scaffolding nets
Architectural membranes
Hoardings and signage
Others
Protective Clothing
NBC suits
Chemical protection clothing
Others
Packaging
Agriculture
Sports/Leisure
Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Textile Coatings in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Textile Coatings market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Textile Coatings and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Textile Coatings. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
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Key Questions Answered in The Report:
What will the Textile Coatings market growth rate?
What are the key factors driving the global Textile Coatings market?
Who are the key manufacturers in the Textile Coatings market space?
What are the market opportunities, market risk, and market overview of the Textile Coatings market?
What are sales, revenue, and price analysis of top manufacturers of the Textile Coatings market?
Who are the distributors, traders, and dealers of the Textile Coatings market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Textile Coatings Industry?
What are sales, revenue, and price analysis by regions of Textile Coatings industry?
What are the driving factors contributing to market growth during the short, medium, and long term?
Why buy this report?
Historical inferences, findings & analysis of the market from 2016 to 2018
Projections and performance forecast analysis for the future from 2019 to 2026
Production and consumption point of view (POV) analysis
Market drivers, restraint and opportunity analysis, to define market dynamics covering industry, regulatory, innovation, technological & pricing trends
Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability, and prospects
Key Textile Coatings Market Trends:
- The report identifies, determines, and forecasts the Global Textile Coatings Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Textile Coatings Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Textile Coatings Market.
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