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Polymer Coated Fabrics Market was valued at USD 19.73 Billion in 2020 and is projected to reach USD 26.15 Billion by 2027, growing at a CAGR of 4.2% from 2021 to 2027. In the recent study, ESOMER- Certified Market research and Consulting Firm provides the insights about key factors which boost the demand for coated market. By type, Polyvinyl coated fabrics hold the share about 38% in the market. By application, protective clothing 17.80%, automotive 29.30% and military 7% contributed in the polymer coated fabrics market. Coated fabrics is kind of coated textiles, containing two or more layers, mainly one layer made by fabric and other layer is completely continuous polymer layer which have property including waterproof, heat resistant, abrasion, excellent adhesion and stability. This various polymers used in textiles, Packaging, automotive, transportation, Military and many more. Growing number of transportation industry, growing demand for protective clothing and growing demand for furniture and automotive leads to increase the demand for polymer coated fabrics in the market. Polymer has additional properties including impermiability to dust and oil & corrosion resistance, it is high demand for sunshade pool coverings, roof protectors and marine coverings. Polymer coated fabrics used in the production of medical devices, geotextiles, agriculture and sports & leisure boost the market of polymer coated fabrics. For instance, In March 2017, Continental AG opened a new plant for polymer coated fabrics in Changshu, China for serve Chinese customers’ demands in different industries. Manufactures need to update their technologies to meet the consumers’ requirements and it needs high cost investment may restraint the market. Global is Polymer Coated Fabrics surging owing to frequent acquisitions and launchings by the market players. Strategic alliances by the players such as acquisitions, mergers, expansions and new product launches may enhance the company’s growth. For instance, Trelleborg AB (Sweden) acquired Laminating Coating Technologies Inc. in July 2018 it helps to move the position high level in the US market. In February 2018, Trelleborg also acquired Dartex Holdings, a manufacturer of coated fabrics, mainly for the healthcare & medical industry. Polyethylene coatings provides Moisture barrier properties which are important for extending the application with mechanical and physical advantages leads to high production in the view of rising demand for polymer coated fabrics with low permeation tendency. In the forecast period, sales of PE coated fabrics are estimated to record with CAGR of 5.8%, compared to other product categories. PVC coated fabric hold high share in the market because of its high chemical and thermal resistance property. In addition, the low vulnerability to wear and tear promotes its use in automotive and furniture and seating applications, leads to high demand in the market. this market segmented on the basis of type, application and geography.
