Textile Coating Market Size, Growth, Demand, Top Companies and Forecast 2023-2028

IMARC Group's latest research report, titled "Textile Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global textile coating market size reached US$ 3.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.45% during 2023-2028.

Textile coating refers to the procedure of depositing various chemicals and resins either on one or both sides of a material substrate. These compounds are usually added to enhance the physical properties of the fabric, such as resistance to water, abrasion, fire, soil, and stains, along with heat stability and breathability. Common types of textile coatings contain thermoplastics, such as polyurethane, acrylics, polyvinyl chloride, and thermosets, including styrene-butadiene, nitrite, natural, and butyl rubber. They are primarily used in the manufacturing of conveyor belts, barrier materials, airbags, hospital equipment, and protective clothing and find extensive applications across sectors, such as aerospace, transportation, construction, and medical.

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Textile Coating Market Growth and Development:

The escalating demand for waterproof, premium quality, and heat-resistant fabrics for the manufacturing of faux leather, packaging, and sports clothing products is among the primary factors driving the textile coating market. Besides this, the increasing industrial quality standards and necessities, the emerging trend of industrialization, and the elevating requirement for geotextiles across the globe are further augmenting the market growth. Moreover, various technological innovations, including the development of advanced coating technologies, such as spray coating, nanoscale, and plasma, that provide anti-bacterial and self-healing properties to the polymers are also catalyzing the global market. Apart from this, the replacement of PVC variants with polyurethanes by the leading players for the production of coatings, owing to the rising environmental consciousness, is acting as another significant growth-inducing factor. Furthermore, this process improves the durability and functionality of the fabric while offering enhanced breathability, which is anticipated to propel the textile coating market over the forecasted period.

Key Players Included in Global Textile Coating Market Research Report:

• BASF SE
• Covestro AG
• Clariant International Ltd
• Tanatex Chemicals B.V
• The Lubrizol Corporation
• Solvay, Huntsman International LLC

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Key Market Segmentation:

Breakup by Type:

• Thermoplastics
o Polyvinyl Chloride
o Polyurethane
o Acrylic
o Others
• Thermosets
o Natural Rubber
o Styrene Butadiene Rubber
o Others

Breakup by Application:

• Clothing
• Transportation
• Medical
• Construction
• Others

Breakup by Technology:

• Dot Coating Technology
• Full Surface Coating Technology

Breakup by Coating Method:

• Traditional
• Evaporation
• Sputtering
• Plasma Spray
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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