Polymer Coated Fabrics Market Worth 26.92 Billion USD by 2026

Wednesday 7 December 2016, Amsterdam

The report, now available on ASDReports, "Polymer Coated Fabrics Market by Product (Polyvinyl, Polyurethane, Polyethylene), Application (Transportation, Protective Clothing, Industrial, Awning, Roofing & Canopies, Furniture & Seating) - Global Forecast to 2026", The market size of polymer coated fabrics is projected to reach USD 26.92 Billion by 2026, at a CAGR of 4.2% in terms of value, during the forecast period, 2016 to 2026. The increased demand for polymer coated fabrics from the transportation, roofing, awnings & canopies, industrial, protective clothing, furniture & seating, and other applications are driving the global polymer coated fabrics market.

“Transportation is the largest application segment in the polymer coated fabrics market”

Transportation accounts for the largest share in the global polymer coated fabrics market and is expected to grow at the fastest rate for the forecast period. The transportation segment is projected to drive the polymer coated fabrics market from 2016 to 2021, due to the increasing usage of polymer coated fabrics in the automobile, aircraft, railways, and marine applications.  Polymer coated fabrics are used in the transportation application as these are rot-proof, dirt & oil-repellent, mildew resistant, water resistant, and UV resistant. They improve material durability, and are weather & corrosion resistant. They also help to provide improvements in passenger safety and superior comfort in seating.

“Vinyl coated fabrics is estimated to be the largest product segment of polymer coated fabrics”

Vinyl coated fabrics accounts for the largest share in the global polymer coated fabrics market and is expected to grow at a high rate for the forecast period. This is due to the fact that PVC is the most used coating for various applications due to its low cost, easy weldability, and the availability of a range of colors. Factors such as the growing demand from the transportation, protective clothing, and industrial applications, increasing safety concerns, and stringent government regulations for the provision of safety to workers, are expected to drive the vinyl coated fabrics market.

“Asia-Pacific is the biggest market for polymer coated fabrics”

The Asia-Pacific region led the global polymer coated fabrics market in 2015. The demand for polymer coated fabrics in the Asia-Pacific region is mainly driven by the growing industrialization, high economic growth, and heavy investments in industries such as oil & gas, automotive, infrastructure, chemical, and steel & military. Moreover, growing automobile sales and increasing government regulations on safety measures have led to the high growth in the region’s polymer coated fabrics industry.