Polymer Coated Fabrics Market size was valued at USD 19.73 billion in 2021 and is projected to reach USD 26.15 billion by 2028, growing at a CAGR of 4.2% from 2022 to 2028. Polymer-coated fabrics are textile materials and compounds that have been separately coated with different polymers and chemical compounds, resulting in distinct characteristics for each textile material. Polymer is chosen over other coating materials owing to tear and wears resistance, waterproofing, flame resistance, and resistance to a variety of other external environmental variables. Increase in demand for polymer coated fabrics from end user industries such as aircraft, railways, automotive, roofing, furniture, protective clothing, and the industrial sector is anticipated to drive the market. Players are focused on launching new products to meet the customer needs in the market. For instance, In July 2019, Archroma launched an ultra-low VOC polymer coating technology based on water that delivers high performance to coated fabrics, such as indoor and outdoor textiles, nonwovens, and papers. Increase in demand for polymer coated fabrics from the automotive industry, transport industry, and waterproof clothing applications is expected to increase the revenue of the market over the forecast years.
- In July 2018, Trelleborg AB acquired Laminating Coating Technologies Inc. (Lamcotec) to strengthen its position in the USA market.
- In March 2017, Continental AG opened a new plant for polymer coated fabrics in Changshu, China. The new center is expected to better serve Chinese customers’ demands in different industries.