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Polymer Coated Fabrics Market size was over USD 21.55 billion in 2023 and is projected to reach USD 42.69 billion by 2036, growing at around 5.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of polymer coated fabrics is assessed at USD 22.48 billion.
The market is thriving on the back of the growing demand for technical textiles across different end user industries around the world, backed by the increasing advancements in science and technology, followed by the increasing demand for tarpaulins, roof protectors, marine covers and awning pool covers, as polymer coated fabrics are the best suitable fabric for the manufacturing of such products.
Growth Drivers
Growing Stringent Norms for Safety of Workers in Workplace
According to the statistics by the National Safety Council of America, a worker is injured in every seven seconds on the job. Moreover, the increasing workplace injuries resulted in a loss of 104,000,000 production days in the year 2017.
The increasing concern for the safety of workers in the workplace has led several government organizations across nations around the globe to develop stringent norms for the safety of workers. Out of all the norms, one of the most important norms includes to wear workwear uniforms in the workplace. The workplace uniforms are usually made of these technical textiles, and possesses several properties owing to the presence of the textile coatings that help the worker to stay safe in case of accidents. On the other hand, the National Fire Protection Association (NFPA) has made a mandate to wear uniforms regarding the concern for labour safety, especially in the shale exploration and renewable chemicals sector. Such factors are anticipated to drive the growth of the market throughout the forecast period.
Increasing Use of Polymer Coated Fabric in the Automotive Industry
With the increasing concern for road safety, several governmental organizations, such as National Highway Traffic Safety Administration (NHTSA), has proposed the use of advanced materials in the manufacturing of vehicles. Polymer coated fabrics are used to make seats, air bags and other vehicle furnishing and beautification products. These types of technical fabrics are generally fire, oil, and dirt resistant. Hence, they prove to be a great material for use in the furnishing of the interior of the vehicles. Such a factor is anticipated to drive the growth of the global polymer coater fabric market.
Challenges
Stringent Government Norms for the Manufacturing of Polymer Coated Fabrics
During the manufacturing of polymer coated fabric, the process releases hazardous air pollutants, which is a major concern for several environmental agencies, as it is against the environmental standards. Growing awareness for environmental protection and stringent norms for the manufacturing organizations regarding the environment around the globe is therefore anticipated to act as a major restraint to the growth of the market.
|
Base Year |
2023 |
|
Forecast Year |
2024–2036 |
|
CAGR |
5.4% |
|
Base Year Market Size (2023) |
USD 21.55 billion |
|
Forecast Year Market Size (2036) |
USD 42.69 billion |
|
Regional Scope |
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The polymer coated fabrics market is segmented by product type into polyvinyl, polyurethane, polyethylene, acrylic, nylon 6-6, nylon 6, PA, PBT, PET and PEEK. The polyurethane segment is anticipated to hold the largest market share on the back of numerus benefits of polyurethane over other polymer types. Polyurethane possesses properties such as resistance to grease, oil and abrasion, transparency, and elasticity. As a result, they are used for a range of applications including upholstery, waterproof protective clothing, rainwear, luggage, glove, inflatable boats and others.
Our in-depth analysis of the global market includes the following segments:
By Product Type |
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By Application |
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On the basis of regional analysis, the global polymer coated fabrics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
The market in Asia Pacific industry is estimated to account for largest revenue share by 2036, attributed to the increasing industrialization in the nations, such as China, South Korea, Japan and India, followed by the presence of several manufacturing companies where such technical fabrics are used. Further, increasing awareness for organizational safety in the manufacturing sector, which is further raising the demand for protective clothing, is also anticipated to drive the growth of the market in the region.
Author Credits: Rajrani Baghel
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