Polymer Coated Fabrics Market Trends

  • Report ID: 2631
  • Published Date: Oct 15, 2024
  • Report Format: PDF, PPT

Polymer Coated Fabrics Market Trends

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.

Polymer Coated Fabrics Market: Key Insights

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Rajrani Baghel


  • Report ID: 2631
  • Published Date: Oct 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of polymer coated fabrics is assessed at USD 22.48 billion.

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.

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.

The major players in the market are Continental AG, Trelleborg AB, Sprading International Inc., Serge Ferrari Group, Saint-Gobain SA, Sioen Industries NV, Takata Corporation, Cooley Group Holdings Inc., Dickson Constant, Seaman Corporation, SRF Limited, and others.
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