Global Coated Fabrics Market 2017-2021

Overview of the global coated fabrics market

The global coated fabrics market is anticipated to grow at a steady rate and will post a CAGR of more than 4% during the forecast period. The increasing need for lightweight automobiles will drive the growth prospects for the global coated fabrics market until the end of 2021. Coated fabrics in the automotive industry are used in various products such as headlining, seating assembly, carpeting, trims, covers, hoses, belts, and airbags. In addition, the use of effective lightweight materials in electric vehicles reduces the overall weight of the automobile by reducing the number of components. One of the major factors responsible for the increasing popularity of lightweight automobiles is the growing need for fuel efficiency to curb emissions.

The increasing demand for non-woven coated fabrics will drive the growth prospects for the global coated fabrics market in the coming years. Non-woven coated fabrics are predominantly used for industrial, hygienic, and medical applications. The conventional form of manufacturing coated fabrics such as PU foam and woven fabrics is now being replaced by non-woven coated fabrics because these fabrics have superior qualities over woven coated fabrics. Some of the functionalities offered by non-woven fabrics are absorbency, liquid repellency, resilience, stretch, softness, strength, flame retardancy, washability, cushioning, filtering, and sterility and barrier to bacteria. Additionally, the cost of production of non-woven coated fabrics is much lesser than that of woven coated fabrics.

Competitive landscape and key vendors

The global coated fabrics market is highly fragmented and competitive due to the presence of a large number of regional and international vendors across the globe. It has been noted that domestic vendors often provide strong competition to the global vendors because of better customer relationships. Some of the major factors responsible for the increasing competition in the market include product performance and quality, price, product availability, security of supply, and customer service. Furthermore, these vendors increasingly compete against each other based on factors such as quality, innovation, price, and performance, and customer centrism to gain maximum market traction.

Key vendors in this market are -

• OMNOVA Solutions
• Spradling International
• Saint-Gobain
• Takata
• Trelleborg

Other prominent vendors in the market include Canadian General Tower, ContiTech, Cooley, Dickson, Haartz, Heytex Gruppe, Low & Bonar, Morbern, Mount Vernon Mills, Obeikan Technical Fabrics, SRF, Seaman, Sioen Industries, VERSEIDAG-INDUTEX, and Uniroyal Engineered Products.

Segmentation by product and analysis of the coated fabrics market

• Polymer-coated fabrics
• Other coated fabrics

The global polymer-based coated fabrics segment accounts for the maximum market share in 2016 and will continue to dominate the market for the next few years. Since the primary requirement of the automotive industry is largely met by vinyl-coated fabrics, a sub-segment of polymer-coated fabrics, the demand for polymer-based coated is expected to increase in the coming years.

Segmentation by geography and analysis of the coated fabrics market

• Americas
• APAC
• Europe
• MEA

In terms of geography, APAC accounts for the maximum market share in 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the market’s growth in the region is the presence of a large number of automotive manufacturers that are largely dependent on coated fabrics for their requirements.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global coated fabrics market?
• What are the key market trends impacting the growth of the global coated fabrics market?
• What are the challenges to market growth?
• Who are the key vendors in the global coated fabrics market?
• What are the market opportunities and threats faced by the vendors in the global coated fabrics market?
• What are the trending factors influencing the market shares of the Americas, APAC, Europe, and MEA?
• What are the key outcomes of the five forces analysis of the global coated fabrics market?

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