The textile coating market valued at USD 6.62 billion in the year 2019 and is anticipated to grow USD 8.77 billion till 2026 at a CAGR of 4.1%.
Textile Coating market Overview
The textile coating is available in two methods like direct coating and foam coating. It is a process of coating resins on a textile substrate. Under direct coating method, the application of one or different layers of acrylic resins, PVC and polyurethane over the textile substrate is applied with the use of cylinders, knife and scraper. Another method called foam coating method involves submerging the textile material in a bath, which consists of foam compound making use of a solution and then draining off extra liquid. Textile coatings give added assets to the fabric like resistance to grease, soil, water and heat. Textile coating increases the durability of the fabrics and even provides high performing ability. Silicone, polyvinyl chloride, polyurethane and runner are different kinds of polymer used in the textile coatings. This market report focuses on an overview of the key trends, driving and restraining factors, opportunities and thorough market categorization on the basis of type, geography and end-use. It further focuses on key statistics about the market status of the foremost textile coating industry players.
Drivers and Restraints
There are several factors that contribute towards the growth of the textile coating market such as introduction of inventive and unique technologies and increasing quality and performance values in different end-use industries like fire safety rules, increasing quality standards and performance requirements in the textile industry. Newly introduced nanotechnology in coating fibers is evaluated to bring growth opportunities in the market. On the other hand, textile coating materials such as PVC and isocyanides are measured as poisonous and harmful for the health of the person and the environment. Such factor is anticipated to restrict the textile coating market during the forecast period. Increasing demand for high quality, waterproof and heat resistant fabrics are the market impelling factors during forecast period. Newly introduced nanotechnology is also projected to open new growth opportunities in the industry. Textile coatings are used widely on sports clothing, leathers and packaging Leather becomes more durable and rigid too when the textile coating is applied on leather. Industry players are trying to bring anti-bacterial and self-healing assets in the textile coatings. Key players also aim to invest in R&D to bring inventive and pioneering coatings in the market. A few other factors contribute in the market growth are fire safety regulations and growing performance standards in the end-user industries.
The global textile coatings market is classified according to end-use industry and type. The market is segmented into protective clothing, medical, transportation, medical and building and construction based on end-use. The textile market is bifurcated into thermosets, thermoplastics and others on the basis of type. The thermosets sector is classified into natural rubber, styrene-butadiene rubber and other. Thermoplastics market is divided into acrylics polyvinyl, chloride, polyurethane and others.
Key Market Players
This market report depicts key advances in the textile coating market as organic and inorganic growth tactics. Different industries are giving more focus on organic growth tactics like product approvals, new product launches and events. Inorganic growth tactics are collaborations, acquisitions and partnership. Such activities covered way to expand the business and customer base of industry players. Key industry players are expected to profitable growth opportunities in upcoming days due to the increasing demand for textile coatings. Below is given the list of key industry players involved in the textile coatings market:
- Covestro AG
- BASF SE
- Clariant AG
- Tanatex Chemicals B.V.
- Integra Fabric Coatings Limited
- Formulated Polymer Products Ltd
- Koninklijke DSM N.V.
- Solvay S.A.
- Huntsman International LLC
Profiles of the key industry players also included in the market report along with their market tactics in the market. Moreover, the report also provides information about leading players such as their services offered, financial data and company profiles.