[FURL=https://www.industryarc.com/Report/16420/polymer-coated-fabrics-market.html?utm_source=freeprnow&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Polymer Coated Fabrics Market[/FURL] is forecast to reach $24.8 billion by 2026, after growing at a CAGR of 5.3% during 2021-2026. Globally, the demand for polymer-coated fabrics is expected to witness healthy growth during the forecast period driven by increasing demand for the polymer-coated fabrics in the automotive and transportation industry. Furthermore, the rising demand of protective clothing is expected to create new opportunities for the growth of the global polymer-coated fabrics industry in the predicted era.Key Takeaways
The Asia-Pacific dominated the polymer coated fabrics market in 2020 owing to the increasing use of polymer coated fabrics in the automotive industry for making fabrics for vehicle interiors and exteriors.
Worker safety concerns in different industries have strengthened the demand for polymer-coated fabrics as an essential component of protective clothing.
Stringent government standards from National Fire Protection Associations (NFPA) has provided regulations for shale exploration and the renewable chemicals industry on labor safety and security steps taken by firms to improve consumer demand for polymer coated fabrics.
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Polymer Coated Fabrics Market Segment Analysis - By Geography
Asia-Pacific held the largest share with 33% in polymer coated fabrics market in 2020. Globally, the market for polymer coated fabrics is rising due to rapid urbanization and massive industrial growth in key countries such as China, Japan, India, and South Korea. The increasing demand from transport, protective clothing, and industrial applications drives the market for polymer-coated fabrics at APAC region. The major countries driving the polymer coated fabrics market in APAC are China, Japan and South Korea. According to International Trade Administration, China is the world’s largest vehicle market, with China expecting automobile production to reach 30 million units by 2020 and 35 million by 2025. Also, according to India Brand Equity Foundation in 2018, India became the fourth largest automotive market with sales rising to 3.99 million units from 8.3 percent year-on-year. Also, in 2018 it was the seventh-largest commercial vehicle manufacturer.
Polymer Coated Fabrics Market Drivers
Increasing demand for polyethylene coated fabrics
Growing demand in protective clothing applications
polymer coated fabrics market are Trelleborg AB, Cooley Group Holdings, Inc., Takata Corporation, Spradling International Inc., Sioen Industries NV, Seaman Corporation, Omnovo Solutions Inc., Archroma and Continental AG among others.
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