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The global coated fabrics market is projected to reach USD 49.41 billion by 2026. It is expected to gain momentum from the ever-increasing technological innovations and advancements worldwide. It has further resulted in the creation of alternative leather fabrics replacing polyester or nylon. Water-based polyurethane (PU) is nowadays extensively used by the manufacturers as they are sustainable and eco-friendly. It would affect the market positively soon. Fortune Business Insights™ provided this information in a recently published report, titled, “Coated Fabric Market Size, Share and Industry Analysis, By Product (Polymer Coated Fabric, Rubber Coated Fabric, and Fabric Backed Wall Coverings), By Application (Protective Clothing, Transportation, Furniture, Industrial, and Others) and Regional Forecast, 2019-2026.” The report further mentions that the market stood at USD 34.89 billion in 2018. However, it is set to exhibit a CAGR of 4.5% during the forecast period between 2019 to 2026.
Erez Joins Hands with EPT to Form E²: A World of Possibilities
In September 2019, Erez-USA, a provider of unique polymer technologies in reinforced industrial fabrics, partnered up with Engineered Polymer Technologies (EPT), a manufacturer of Industrial fabrics based in the U.S. The resulting joint venture is called ‘E²: A World of Possibilities’. As per the company officials, by blending the ingenuity and manufacturing capabilities of Erez and EPT, the newly formed organization will help them in covering a broader spectrum in coated textiles and strengthen their position in the U.S. E² will help in selling and marketing products manufactured in both Israel and the U.S. under one logistics and marketing umbrella.
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Rising Usage of Protective Clothing in Industries to Favor Growth
Selection of appropriate protective clothing shields a person against hazardous chemical and biological materials in everyday work life. Nowadays, the emergence of heavy instruments in the manufacturing industry has given rise to rapid industrialization across the globe. Apart from that, the governments of various countries have implemented stringent regulations for the mandatory usage of protective gears.
To manufacture chemical protective clothing (CPC), fire retardant apparels, and high altitude protective clothing, polyurethane coated fabric is used at a large scale owing to its possession of numerous benefits, such as ability to perform in high weather, resistance to high impact, and flexibility at low temperature. These factors are anticipated to accelerate the coated fabrics market growth during the forecast period. However, the production of polyester involves tons of harmful chemicals which may cause damage to the environment. It can hamper growth.
Key Players Focus on Joint Ventures to Increase Product Offerings
The market consists of many organizations that are mainly focusing on keeping up with the latest coated fabrics market trends for catering to the needs of their existing consumer bases. For that, they are teaming up with other well-known enterprises to broaden their product offerings and strengthen their positions in the market.
Fortune Business Insights™ lists out all the companies operating in the coated fabrics market. They are as follows:
Important Industry Development-
Further Report Findings-
The coated fabrics market can be segmented in the following manner:
Value (USD Billion)
Volume (Million Square Meters)