Process Analyzer Market
Overview and Scope
Polymer-coated fabrics refer to a layer on top of the textile fabric to increase abrasion resistance. It is especially useful for high-friction materials such as personal protective equipment (PPE), power transmission belts, backpacks, footwear, and synthetic leather products.
Sizing and Forecast
The polymer coated fabrics market size has grown strongly in recent years. It will grow from $21.54 billion in 2023 to $22.79 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to industrial applications, demand in automotive sector, outdoor and recreational equipment, architectural applications, medical and healthcare sector, consumer goods.
The polymer coated fabrics market size is expected to see strong growth in the next few years. It will grow to $28.7 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to sustainability trends, technological advancements, rise in healthcare infrastructure, e-commerce growth, urbanization and infrastructure development, resilience in outdoor and sports industry. Major trends in the forecast period include customization for design and aesthetics, integration of smart textiles, application in medical and healthcare textiles, strategic partnerships.
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Segmentation & Regional Insights
The polymer coated fabrics market covered in this report is segmented –
1) By Product: Vinyl Coated Fabrics, PU Coated Fabrics, PE Coated Fabrics, Other Products
2) By Material Type: Knitted, Woven, Non-Woven
3) By Application: Transportation, Protective Clothing, Roofing, Awnings and Canopies, Furniture and Seating, Others Applications
4) By End Use Industries: Automobile, Aerospace, Marine, Chemical Processing, Military, Other End Use Industries
Asia-Pacific was the largest region in the polymer coated fabrics market share in 2023. The regions covered in the polymer coated fabrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Rapid urbanization is driving the growth of the polymer-coated fabrics market going forward. Urbanization refers to the concentration of human populations into discrete areas, and the land being transformed for residential, commercial, industrial, and transportation purposes. Due to increased urbanization, polymer-coated fabrics are widely used in the residential and commercial sectors to make carpets, airbags, geotextiles, industrial fabrics, architecture, defense, transportation, space, healthcare, sports, mats, bedding products, curtains, and a variety of upholstery products. For instance, according to the data published in September 2021 by the United Nations Department of Economic and Social Affairs, a US-based department of the United Nations Secretariat responsible for promoting international economic and social cooperation and development, globally, 4.46 billion people will reside in urban areas in 2021. By 2050, this number will increase to 6.68 billion, with 2.22 billion more people living in urban areas. Therefore, rapid urbanization is expected to propel the growth of the polymer-coated fabrics market over the coming years.
Key Industry Players
Major companies operating in the polymer coated fabrics market report are CRRC Corporation Limited, Alstom SA, Siemens AG, Wabtec Corporation, Hyundai Rotem Company, Bombardier Inc., Stadler Rail AG, Hitachi Ltd., Ballard Power Systems Inc., Construcciones y Auxiliar de Ferrocarriles SA, Rolls-Royce Holdings plc, The Kinki Sharyo Co. Ltd., Toshiba Infrastructure Systems & Solutions Corporation, Vivarail Ltd., Thales Group, Kawasaki Heavy Industries Ltd., Cummins Inc., ABB Ltd., General Electric Company, Caterpillar Inc., Voith GmbH & Co. KGaA, Mitsubishi Heavy Industries Ltd., Vossloh AG, Škoda Transportation AS, Newag S.A., PESA Bydgoszcz S.A., Stäubli Electrical Connectors AG, Prodrive Technologies B.V., TMH International AG, ZF Friedrichshafen AG, Faiveley Transport S.A., Knorr-Bremse AG, Akiem Group S.A., Talgo S.A.
The polymer coated fabrics market report table of contents includes:
1. Executive Summary
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