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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Author Credits: Rajrani Baghel
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