Coated Fabrics Market Size to Reach $49.41 Billion by 2026; Usage of Eco-friendly Polyurethane to Boost Growth

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.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/coated-fabric-market-102546

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:

• Ajy Tech India Pvt. Ltd.


• Saint-Gobain Performance Plastics


• J K Texbond Pvt. Ltd.


• MarvelVinyls


• SRF Limited


• Low & Bonar


• Fothergill Group


• Bobet Group


• B&V Membrane


• CANADIAN GENERAL TOWER


• Trelleborg


• Sioen Industries NV


• Other significant key players

Important Industry Development-

• February 2018: Trelleborg, an engineering company providing polymer technology headquartered in Sweden, completed the acquisition of Dartex Holdings, a manufacturer of coated fabrics for medical and healthcare industry. This acquisition would aid the former in strengthening its position and product offering in the market.

Further Report Findings-

• North America generated coated fabrics market revenue of USD 7.3 billion in 2018 because of the rising demand for protective clothing from chemical and pharmaceutical industries.   


• Asia Pacific to dominate owing to the rapid industrialization in India and China.


• In terms of application, the protective clothing segment held 18.70% coated fabrics market share in 2018.


• Based on product, the polymer coated fabric segment is likely to lead stoked by the surging demand from the automobiles and protective clothing industries.

The coated fabrics market can be segmented in the following manner: