The data depicts that textile coatings market size has significantly grown over recent years, escalating from $6.36 billion in 2024 to $6.74 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. This remarkable growth during the historic period can be attributed to factors such as the expanding sportswear industry, rigorous regulations, the rising demand from apparel industry, customer preferences for performance textiles, and an increased emphasis on sustainable textile practices. It is anticipated that the textile coatings market size will further grow to $8.32 billion in 2029 at a CAGR of 5.4%. The growth forecasted in the coming years can be attributed to the rising demand for smart textiles, customisation in textile coatings, growth of home textiles market, focus on green chemistry, and high-performance outdoor textiles influenced by fast fashion trends.
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What Factors Will Propel The Textile Coating Market Forward?
The textile coating market’s expansion is expected to be driven forward by the burgeoning clothing industry. The coatings offer material layers that adhere to the textile structures to significantly enhance textile value. For instance, the UK’s fashion and textile industry had a significant impact, contributing £62 billion ($80.7 billion) to the UK GDP, supporting 1.3 million jobs, and generating over £23 billion ($28.98 billion) in tax revenues in November 2023. Thus, a thriving clothing sector signifies promise for growth in the textile coating market.
What Are The Major Segments In The Textile Coatings Market?
The textile coatings market comprises these important segments:
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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Who Are The Major Market Players In The Textile Coatings Industry?
Major companies operating in the textile coatings market include Covestro AG, The Lubrizol Corporation, Huntsman International LLC, Solvay SA, Clariant AG, 3M Company, Akzo Nobel N.V., Arkema group, BASF SE, DuPont de Nemours Inc., Eastman Chemical Company, Evonik Industries AG, KCC Corporation, Omnova Solutions Inc., PPG Industries Inc., Sumitomo Chemical Company, Tanatex Chemicals B.V., Dow Inc., Sherwin-Williams Company, Valspar Corporation, Wacker Chemie AG, Zschimmer & Schwarz, Archroma Management LLC, LANXESS Aktiengesellschaft, RPM International Inc.
What Are The Emerging Trends In The Textile Coatings Market?
Major companies are turning towards eco-friendly innovations such as bio-based textile coatings. For instance, Covestro AG launched a partially bio-based polyurethane dispersion, Impranil CQ DLU, for textile coatings that comprises approximately 34% plant-derived carbon. This breakthrough product promotes sustainability by reducing reliance on fossil fuels while providing top-grade hydrolysis resistance and tensile strength.
Which Region Was The Largest In The Textile Coating Market In 2024?
As of 2024, Asia-Pacific was identified as the largest region in the textile coatings market. The other regions covered in the market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Textile Coatings Market Report 2025 Offer?
Textile coating involves the application of resin layers to one or both sides of a textile substrate, enhancing and sustaining its aesthetic appeal and performance. The Textile Coatings Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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