The Global Engineered Coated Fabrics Market is expected to grow at a high CAGR during the forecasting period (2020-2027).
Engineered coated fabrics are sturdy, durable fabrics coated with a combination of technical fibers and specialty polymers with a range of applications for an outdoor environment where strength, protection, and impermeability are essential.
Engineered coated fabrics are being used for high-end applications in various end-user industries, propelling market growth. The usage of engineered coated tissues in end-products are governed and monitored by federal regulations such as the FAA’s Technical Standard Order (TSO) C69 about the aerospace industry and the EPA’s Textile Mills Effluent Guidelines for application of fabrics in textile industries.
The growth in the application of engineered coated fabrics in automotive and aerospace industry, along with the rise in demand for lightweight products, development of new high-performance materials, and implementation of stringent government regulations are the major growth factors positively impacting market growth.
The continuous gain in market share of usage of engineered coated fabrics in automotive, marine, oil & gas, and aerospace industries, with growing market penetration of specialty coated polymers and textiles, has further driven the market growth. The key market players are also focused on new product launch to expand product portfolio and market reach.
For instance, in January 2017, Trelleborg Engineered Coated Fabrics launched its enhanced portfolio of quality polyurethane, rubber and silicone-coated fabrics for medical applications to meet the growing demand of coated fabrics in medical, orthopedic and surgical applications.
The increase in environmental awareness and concerns related to the use of hazardous chemicals in the production of coated fabrics and the availability of eco-friendly substitutes such as super-water-repellent fabrics and launch of Zero Discharge of Hazardous Chemicals (ZDHC) program are the significant factors acting as barriers to market growth.
For instance, in February 2016, Covestro Polymers (China) Co. Ltd. launched Insulin, which is a ZDHC, bluesign®, and Oeko-Tex® compliant product, looking to eliminate environmental risk and reduce carbon footprint.
The continued investment by manufacturers into improving product performance of coated fabrics and rise in the application of end-products in end-user industries would present new business opportunities for growth and expansion to significant market players.
The global engineered coated fabrics market is segmented by coating type into polyurethane coated fabrics, rubber coated fabrics, silicon coated fabrics, and others.
Polyurethane coated fabrics segment is the leading segment by market share owing to its improved mechanical properties and resistance to UV radiation while being waterproof and lightweight at the same time. The increase in the application of polyurethane coated fabrics in antistatic oil seals, flexible ducting, bellows, curtains, pipe plugs, lifting bags, water weights, anti-decubitus air cells, and fast deployment tents is further expected to boost the market share of the segment.
By end-user, the global engineered coated fabrics market is categorized into automotive, aerospace and defense, oil & gas, marine, and others including food processing, healthcare, and consumer goods. The automotive sector is expected to remain the most dominant segment over the forecast period owing to the high demand of lightweight and durable parts aimed at achieving higher fuel efficiency and reduction of greenhouse gas emissions.
The aerospace sector would witness faster growth rate, buoyed by the implementation of stringent government regulations aimed at addressing safety concerns and application of coated fabrics in ballistic jackets, safety floats, and other defense applications.
The global engineered coated fabrics market is segmented by geography into North America, South America, Europe, Asia-Pacific, and Rest of the World (RoW).
North America is the leading regional segment by market share owing to the high demand for engineered coated fabrics in the matured market sectors of automotive and aerospace industries.
The region is expected to dominate the market as an increase in demand for lightweight and durable parts to be used as vehicular components would boost the market revenue. The presence of key market players in the region such as OMNOVA Solutions Inc. and Uniroyal Global Engineered Products, Inc. will also help drive overall market growth.
The region of Asia-Pacific might witness fastest growing rate influenced by substantial investments in improved product quality of transportation and marine sectors, with China, Japan and India expected to become the critical contributors behind the regional market growth. The increase in automobile production catering to the rising population of emerging countries, coupled with the growing textile industry and increased defense spending will be the main factors of growth driving the market growth.
The competitiveness of the engineered coated fabrics is increasing, with all significant players focusing on product innovations and mergers & acquisitions to strengthen their market position and maintain a competitive edge over others.
The market is dominated by key players such as ContiTech AG, Fothergill Polycom Ltd., Graniteville Specialty Fabrics, and OMNOVA Solutions Inc. The companies are focused on acquisitions and mergers to increase their global footprint and expand the product portfolio.
For instance, in July 2018, Sweden-based Trelleborg AB acquired US-based Laminating Coating Technologies Inc. (Lamcotec), as part of its business strategy to strengthen polyurethane-coated and laminated fabrics portfolio for use in aerospace and healthcare industry.
The market players of global engineered coated fabrics market include
1. ContiTech AG
2. Fothergill Polycom Ltd.
3. Graniteville Specialty Fabrics
4. Low & Bonar PLC
5. OMNOVA Solutions Inc.
6. Saint-Gobain S.A.
7. SRF Limited
8. Trelleborg AB
9. Uniroyal Global Engineered Products, Inc.
10. Vintex Inc.
The polyurethane coated fabrics segment is the leading market sector owing to improved mechanical properties and resistance to UV radiation, with silicone coated fabrics also expected to witness stable market growth for use in environments that require high heat or flame resistance and chemical resistance.
North America is the leading region by market share, influenced by the growing demand for lightweight, high-strength materials to be applied in automotive, aerospace, and marine industry. Asia-Pacific is expected to witness fastest growth rate with China and Japan being the key contributors to growth.
The market witnesses intense competition among key players looking to increase sales revenue through new product launch and acquisitions. For instance, in July 2018, SRF Limited announced the setting up of a polyester film and resin plant in Thailand to focus solely on the increase in production capacity of engineered coated fabric end-products and expand global presence.
The report covers the factors impacting the market, Porter 5 Forces, Competitive Scenario, Price trend analysis, Product Benchmarking, and company profiles.
Engineered Coated Fabrics Market is segmented into coating type as polyurethane coated fabrics, rubber coated fabrics, silicon coated fabrics, and others. Based on end-user, the market is categorized into automotive, aerospace and defense, oil & gas, marine, and others. Geographically, the market is segmented into – North America, South America, Europe, Asia Pacific and Rest of the World.
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1.1 Research methodology
1.2 Scope of the Report
2.1 Key Trends & Developments
3.1. Industry Impact Factors (Drivers & Restraints)
3.1.1. Market Drivers
3.1.2. Market Restraints
3.2. Competitive Intensity- Porter 5 Forces
3.2.1. Buyers Power
3.2.2. Suppliers Power
3.2.3. Industry Competition
3.2.4. Threat of new entrants
3.2.5. Threat of Substitutes
4 Product Analysis
4.1. By Coating type
4.1.1. Polyurethane Coated Fabrics
4.1.2. Rubber Coated Fabrics
4.1.3. Silicon Coated Fabrics
4.1.4. Others (Vinyl-coated)
4.2. By End-User
4.2.2. Aerospace and Defense
4.2.3. Oil & Gas
4.2.5. Others (food processing, healthcare, consumer goods)
5 Geographical Analysis
5.1. North America
5.2. South America
5.2.3. Rest of South America
5.3.2. United Kingdom
5.3.4. Rest of Europe
5.4. Asia Pacific
5.4.5. Rest of Asia-Pacific
6 Competitive Landscape
6.1. Competitive scenario
6.2. Key Strategies adopted by Manufacturers
6.3. Product Benchmarking
7 Company Profiles
7.1. ContiTech AG
7.2. Fothergill Polycom Ltd.
7.3. Graniteville Specialty Fabrics
7.4. Low & Bonar PLC
7.5. OMNOVA Solutions Inc.
7.6. Saint-Gobain S.A.
7.7. SRF Limited
7.8. Trelleborg AB
7.9. Uniroyal Global Engineered Products, Inc.
7.10. Vintex Inc.
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