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Textile Coatings Market Size, Share And Forecast To 2033
Textile Coatings Market Size
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
1. Executive Summary
2. Textile Coatings Market Report Structure
3. Textile Coatings Market Trends And Strategies
4. Textile Coatings Market - Macro Economic Scenario
5. Textile Coatings Market Size And Growth
…..
27. Textile Coatings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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