Textile Coatings Market 2023 - Market Drivers, Key Players, Share, Market Size And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Textile Coatings Global Market Report 2023 identifies growing clothing industry as the major driver for the textile coatings market's growth in the forecast period. The clothing industry refers to the manufacturing of textile-based clothes and apparel. The textile coatings offer material layers that cling to the textile structures. A typical textile coating formulation often includes a polymeric binder(s) and other additives (such as colorants, adhesion promoters, biocide, plasticizers, etc.) that are applied to a textile fabric using a spreading process as a solution, dispersion, paste, or in a similar manner.

The global textile coatings market size is expected to grow from $5.72 billion in 2022 to $5.98 billion in 2023 at a compound annual growth rate (CAGR) of 4.66%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The textile coatings market size is expected to grow to $7.21 billion in 2027 at a CAGR of 4.76%.

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Major competitors in the textile coatings market are Covestro AG, The Lubrizol Corporation, Huntsman International LLC, Solvay SA, Clariant AG, BASF SE, Sumitomo Chemical Company, Omnova Solutions Inc.

A key trend in the textile coatings market includes product innovation. Major companies operating in the textile coatings sector are focused on developing new and innovative solutions to meet customer demand. For instance, in May 2019, Archroma, a Switzerland-based company specializing in chemical providers supplying the markets for branded and performance textiles, packaging and paper, and coatings, adhesives, and sealants, launched Appretan. Appretan® NTR uses a natural, renewable raw material that is easily accessible close to the production location in Lamotte, France. It is a water-based textile coating binder designed for usage like tea bags, coffee filters, or capsules. A polysaccharide derived from renewable raw materials accounts for around one-third of Appretan® NTR's active content, allowing for a reduction in the usage of fossil fuel-based resources without sacrificing performance. Appretan NTR contains no biocides or alkylphenol ethoxylates (APEO) and emits no formaldehyde.

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The textile coatings market is segmented -
1) By Type: Thermoplastics, Thermosets, Other Types

2) By Coating Method: Direct Coating, Direct Roll Coating, Pad-Dry-Cure Coating, Foamed And Crushed Foam Coating, Hot Melt Extrusion Coating, Calender Coating, Other Coating Types

3) By Technology: Dot Textile Coating Technology, Full Surface Textile Coating Technology

4) By End-User: Clothing, Transportation, Construction, Home Furnishing, Healthcare

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the textile coatings market.

The Business Research Company's "Global Textile Coatings Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Textile Coatings Market Include:
1. Executive Summary
2. Textile Coatings Market Characteristics
3. Textile Coatings Market Trends And Strategies
4. Textile Coatings Market - Macro Economic Scenario
5. Textile Coatings Market Size And Growth
……
26. Africa Textile Coatings Market
27. Textile Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Textile Coatings Market
29. Textile Coatings Market Future Outlook and Potential Analysis
30. Appendix

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