Textile Coatings Market

SKU: DM631 | Last Updated On: Sep 12 2022 | Available Formats

> Global Textile Coatings Market Expected to reach a high CAGR of 4.28% By 2029: DataM Intelligence

Global Textile Coatings Market is segmented By Type (Thermoplastics, Thermosets), By End User (Clothing, Industrial, Transportation, Construction, Home Furnishing, Healthcare, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[195 Pages Report] The Global Textile Coatings Market is growing at a high CAGR of 4.28% during the forecast period (2022-2029).

  • Textile coating is defined as the process of depositing a resin over a textile substrate on one or two sides. Textile coatings offer additional properties to the fabric such as resistance to heat, water, grease, scratch, and soil. It makes the fabrics durable and provides the ability to perform high. Fabric level coating is a traditional method while yarn and fiber levels are modern technologies.

Metrics

Details

Market CAGR

4.28%

Segments Covered

By Type, By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Market Dynamics

  • The global textile coating market is being driven by rising demand for waterproof, high-quality, and heat-resistant fabrics. Also, the introduction of new innovative technologies or products is expected to open new markets for textile coatings.

  • For instance, in 2018 Covestro unveiled new products under its Insqin brand that enable the effective waterproof and breathable coating of textiles using waterborne technology.

  • This new coating is applied in a two-layer system using newly developed polyurethane dispersion products Impraperm DL 5249 and Improper DL 5310.

  • Other factors responsible for the market growth include increasing performance standards in the end-user industries, quality standards, and fire safety regulations.

  • However, the European Chemicals Agency has identified DMF, the water-soluble solvent used in the production of polyurethane fabric coating, to be a substance of very high concern for the environment.

Industry Analysis

  • By type, the global textile coatings Market is bifurcated into Thermoplastics, and Thermosets. Further, thermoplastics are segmented into Polyurethanes (PU), Polyvinylchloride (PVC), Acrylics, and Others.

  • Thermosets are segmented into Styrene-butadiene Rubber and Natural Rubber. Of these, Thermoplastics has dominated the market mainly due to the increasing use of PVCs in polymers. PVC is inexpensive, versatile, provides many desirable properties, and is widely known; It is the “standard” and more often the first choice for many applications.

  • Also, PVC Coated textiles have several applications. It is the most common polymeric coating material used in the production of tarps and tents. It's used in upholstery (‘synthetic leather) and as protective clothing. Further, Over 75% of PU usage in the textile coating is in fashion, sports, and footwear markets.

  • According to various recent studies, polymers are used in 88% of textile coating. PVC, the familiar vinyl, is used in over 40% of coated products. Other coating polymers include PU, plus elastomers such as various rubber compounds and silicone, which are used for specific properties.

Regional Share

  • Geographically, the global textile coatings market is segmented into North America, Europe, South America, Asia Pacific, and RoW. Of these, Asia Pacific dominates the textile coatings market regarding value and volume.

  • According to Bayer AG, China is the dominant player, utilizing 90% of polyurethane (PU) used in textile coating. In the overall global textiles coating market, China is account for 65% of production while utilizing 25% of goods internally.

  • Europe has the second largest market share in textile coating.

  • In Germany, the textile coating share in the modern automotive and vehicle industry has already been very high and is still increasing. Owing to their high flexibility and their relatively lightweight, textiles and nonwovens have many application possibilities, and further applications are expected to follow. These are other factors expected to drive the growth of the global textile coatings market.

Key Market Players

  • Major companies have adopted agreements, product launches, expansion, and mergers to sustain the intense competition in this market. The key players profiled in the report include The Lubrizol Corporation, Coventry AG, Huntsman International LLC., Solvay SA, Clariant AG, BASF SE, Omnova Solutions Inc., Tanatex B.V., and Sumitomo Chemical Company.

  • In 2018, Sweden’s Trelleborg AB has acquired U.S.-based Laminating Coating Technologies Inc. (Lamcotec), as part of its strategy to strengthen its position in what it described as “attractive markets.”

  • In 2018, Chargers Fashion Technologies announced that it is acquiring Precision Custom Coatings’ (PCC’s) interlinings business as a critical pillar of its US and worldwide expansion strategy.

Why purchase the report?

• Visualize the composition of the Global Textile Coatings Market products across each indication, regarding type and end-user highlighting the critical commercial assets and players.

• Identify business opportunities in the textile coatings products market by analyzing trends and co-development deals.

• Excel data sheet with thousands of data points of the textile coatings products levels 4/5 segmentation.

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

• Product mapping in excel for the essential textile coatings products of all major market players.

Target Audience

• Raw Material Suppliers/ Buyers

• Product Suppliers/ Buyers

• Industry Investors/Investment Bankers

Education & Research Institutes

• Research Professionals

• Emerging Companies

• Manufacturers

Trending Topics

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