Textile Coatings Global Market Poised to Reach $7.83 Billion By 2028, Predicts The Business Research Company

The textile coatings market size has grown strongly in recent years. It will grow from $6.04 billion in 2023 to $6.4 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to demand from apparel industry, consumer preferences for performance textiles, expansion of sportswear industry, focus on sustainable textile practices, stringent regulations, consumer awareness of health and safety.

The textile coatings market size is expected to see strong growth in the next few years. It will grow to $7.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to rise in demand for smart textiles, customization in textile coatings, expansion of home textiles market, focus on green chemistry, demand for high-performance outdoor textiles, influence of fast fashion trends. Major trends in the forecast period include expansion of technical textiles in construction, advancements in nanotechnology, digital printing and coating technologies, coatings for technical textiles, collaborations in research and development.

Market Overview -
Textile coating is the technique of coating a textile substrate with resin, either on one or both sides. Textile coatings are used to significantly increase the value of textiles by improving and prolonging their performance and aesthetic appeal.

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Textile Coating Market Surges On The Back Of Expanding Clothing Industry
The growing clothing industry is expected to propel the growth of the textile coating market going forward. 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. For instance, the output of U.S. textile manufacturing (measured by value added) totaled $16.59 billion in 2021. Additionally, in May 2023, according to Textile World, a US-based magazine that covers the textile industry, in 2022, textile, and apparel exports in the US totaled $34 billion, which is up from $28.4 billion in 2021Therefore, the growing clothing sector is expected to drive the textile coating market.

Competitive Landscape -
Major companies operating in the textile coatings market report are Covestro AG, The Lubrizol Corporation, Huntsman International LLC, Solvay SA, Clariant AG, 3M Company, Akzo Nobel N.V., Arkema group, BASF SE, Berger Paints India Limited, Covestro AG, DSM Coating Resins Ltd., DuPont de Nemours Inc., Eastman Chemical Company, Evonik Industries AG, Kansai Nerolac Paints Limited, KCC Corporation, Omnova Solutions Inc., PPG Industries Inc., Solvay S.A., Sumitomo Chemical Company, Tanatex Chemicals B.V., Dow Inc., Sherwin-Williams Company, Valspar Corporation, Wacker Chemie AG, Zschimmer & Schwarz, Archroma Management LLC, LANXESS Aktiengesellschaft, Perstorp Holding AB, RPM International Inc.

Grafren Ab Unveils G-Heatex Graphene Coated Textiles Redefining Performance Across Diverse Industries
Major companies operating in the textile coatings market are focusing on innovating products, such as G-Heatex, to provide reliable services to customers. G-Heatex is a line of graphene-coated textiles that provides strong and homogeneous heat with soft, flexible, breathable, and ultra-lightweight features. For instance, in November 2021, Grafren AB, a Swedish company that operates in nanotechnology, launched G-Heatex. G-Heatex is a conductive fabric that is made of fibers coated with the thinnest flakes of graphene. G-Heatex is used in the military, aerospace, healthcare, mobility, and automotive industries.

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Key Segments -
The textile coatings market covered in this report 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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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