A
new market study on polymer coated fabrics, published by Future
Market Insights, reveals the changing demands for technical textiles
across multiple industrial verticals. After analysing a slew of
factors influencing the dynamics of global polymer
coated fabric market, the report anticipates it to reach US$ 20
Bn valuation by the end of forecast period, 2017-2022. During the
assessment period, the global market for polymer coated fabric is
poised to grow steadily at a CAGR of 5%, with expansion concentred in
the Asia-Pacific excluding Japan (APEJ) region.
Key
findings from the report reveal that polymer coated fabrics with
moisture barrier characteristics are garnering more demand.
Polyethylene (PE) coatings that can hold moisture from premating the
fabric are becoming sought-after in the market. In 2017, PE coated
fabrics are anticipated to account for nearly one-fifth share on
global revenues. While their contribution to the overall revenues in
global polymer coated fabric market will not be as significant as
other product-types, the demand for PE coated fabrics is certainly
expected to gain traction in the foreseeable future.
A
range of physical and mechanical advantages offered by PE coated
fabrics due to their low water permeation characteristics is expected
to extend the application scope of polymer coated fabrics. Over the
forecast period, PE coated fabrics will reflect fastest sales growth
by registering a value CAGR of 5.8%. Meanwhile, vinyl coated fabrics
will be observed as the top-grossing product in the polymer coated
fabric market, and will procure around two-fifth share on global
revenues towards the end of 2017.
The
report also reveals that woven textile materials will lose their
trend in the polymer coated fabric market. Global demand for
non-woven polymer coated fabrics are expected to outpace that of
polymer coated fabrics made from woven textile materials. By the end
of 2017, woven textile materials will procure just about one-third
share, whereas knitted textile materials will be register 40% share
on global polymer coated fabric market value. Drop stitches and bad
selvedge are some of the key defects in woven textile materials,
which have factored their lower uptake in production of polymer
coated fabrics.
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With
APEJ region at the forefront, North America and Europe are also
expected to remain lucrative in the global polymer coated fabric
market
Through
2022, the polymer coated fabric market in Middle East and Africa
(MEA) is expected to record fastest expansion at 6% CAGR
Transportation
applications of polymer coated fabric will lose traction, while
industrial applications will create an incremental opportunity of
close to US$ 1 Bn between 2017 and 2022
Production
of awnings, canopies and roofing will also be observed lucrative in
terms of application, revenues from which are expected to reach US$
2.5 Bn by 2022-end
The
report profiles leading manufacturers of polymer coated fabric to
offer an outline on the market’s competitive landscape. 3M Company,
BASF SE, Saint-Gobain, Akzo Nobel NV, PPG Industries, Inc., E I du
Pont de Nemours and Company, The Sherwin-Williams Company, Nippon
Paint Holdings Co., Ltd., The Valspar Corp, and Bayer AG are key
companies anticipated to remain active in the expansion of global
polymer coated fabric market through 2022.
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