Press release
Elastomer Coated Fabrics Market is Forecasted to Reach US$ 11.48 billion in 2028, Says Stratview Research
Stratview Research, a global market research firm has launched a report on the global Elastomer Coated Fabrics Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1274/elastomer-coated-fabrics-market.html#form
Report Highlights:
Market Size in 2028: US$ 11.48 billion
Growth (CAGR): 4.16% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Elastomer Coated Fabrics Market:
The global Elastomer Coated Fabrics Market is segmented based on application type, product type, and region.
Based on application type - The market is segmented as transportation; protective clothing; industrial; roofing, awnings, & canopies; furniture & seating; and others.
The transportation segment is projected to maintain its dominance over the forecast period owing to the rising demand from aircraft, automotive, and marine industries. Properties such as water, UV, and rot resistance are also likely to boost the segment's demand over the forecast period.
Based on product type- The market is segmented as TPU coated fabrics, TPO coated fabrics, silicone coated fabrics, and rubber coated fabrics.
The silicone coated fabrics segment accounted for the largest share of the market in 2021, and is expected to maintain its dominance, on account of the growing demand for protective clothing and industrial applications. Improving safety regulations for workers are also likely to augment the growth of the segment over the forecast period.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/1274/elastomer-coated-fabrics-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to be the largest market during the forecast period. This growth outlook is majorly attributed to the following-
The Asia-Pacific's market is expected to grow with a lucrative CAGR due to growing industrialization coupled with heavy investments in industries such as automotive, oil & gas, chemical, infrastructure, and steel.
China and India are the growth engines of the region.
Elastomer Coated Fabrics Market Drivers:
Some of the key drivers listed in the report are given below.
Growing automotive industry demand for elastomer coated fabrics.
The market expansion of elastomer coated fabrics is being fueled by India and other Southeast Asian nations.
The automotive industry is expected to experience growth in demand for elastomer-coated fabrics, driven by increased usage of silicone and thermoplastic polyurethane fabrics for abrasion resistance and flexibility in body moldings, interiors, instrument panels, seat covers, and drive belts.
Rapid global air travel demand drives growth in commercial aircraft manufacturing, driving the elastomer coated fabric market to accommodate more passengers.
Top Companies in the Elastomer Coated Fabrics Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
Continental AG
Low & Bonar PLC
Saint-Gobain SA
Omnovo Solutions Inc.
Takata Corporation
Seaman Corporation
Serge Ferrari Group
Sioen Industries NV
Spradling International Inc.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Elastomer Coated Fabrics Market, answering critical questions like:
How big is the sales opportunity?
Which regions offer the best sales opportunities?
Which are the most attractive market segments?
Which are the top players and their market positioning?
How complex is the business environment?
What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Polymer Coated Fabrics Market: https://www.stratviewresearch.com/1345/polymer-coated-fabrics-market.html
• Engineered Coated Fabrics Market: https://www.stratviewresearch.com/331/Engineered-Coated-Fabrics-Market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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