Global Polymer Coated Fabrics market share 2024, Forecast To 2033
4 Mar, 2024
The polymer coated fabrics market size has shown strong growth, increasing from$21.54 billion in 2023 to$22.79 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The historic growth is attributed to industrial applications, demand in the automotive sector, outdoor and recreational equipment, architectural applications, and the medical and healthcare sector, as well as consumer goods. Looking ahead, the market is expected to see strong growth, reaching$28.7 billion in 2028 with a compound annual growth rate (CAGR) of 5.9%. This growth will be driven by sustainability trends, technological advancements, the rise in healthcare infrastructure, e-commerce growth, urbanization and infrastructure development, and resilience in the outdoor and sports industry. Major trends in the forecast period include customization for design and aesthetics, integration of smart textiles, application in medical and healthcare textiles, and strategic partnerships.
Global Polymer Coated Fabrics Market Key Driver
The polymer-coated fabrics market is witnessing growth driven by rapid urbanization globally. Urbanization leads to increased demand for polymer-coated fabrics across various sectors including residential, commercial, industrial, and transportation. With the urban population expected to reach 6.68 billion by 2050, polymer-coated fabrics find applications in a wide array of products ranging from carpets to healthcare items. The surge in urbanization is expected to sustain the growth trajectory of the polymer-coated fabrics market in the foreseeable future.
Get A Free Sample Of The Global Polymer Coated Fabrics Market ReportGlobal Polymer Coated Fabrics Market Segments
The global polymer coated fabrics market covered in this report is segmented –
1) By Product: Vinyl Coated Fabrics, PU Coated Fabrics, PE Coated Fabrics, Other Products
2) By Material Type: Knitted, Woven, Non-Woven
3) By Application: Transportation, Protective Clothing, Roofing, Awnings and Canopies, Furniture and Seating, Others Applications
4) By End Use Industries: Automobile, Aerospace, Marine, Chemical Processing, Military, Other End Use Industries
By Geography: The regions covered in the polymer coated fabrics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the polymer coated fabrics market share in 2023. The regions covered in the polymer coated fabrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Polymer Coated Fabrics Industry Players
CRRC Corporation Limited, Alstom SA, Siemens AG, Wabtec Corporation, Hyundai Rotem Company, Bombardier Inc., Stadler Rail AG, Hitachi Ltd., Ballard Power Systems Inc., Construcciones y Auxiliar de Ferrocarriles SA, Rolls-Royce Holdings PLC, The Kinki Sharyo Co. Ltd., Toshiba Infrastructure Systems & Solutions Corporation, Vivarail Ltd., Thales Group, Kawasaki Heavy Industries Ltd., Cummins Inc., ABB Ltd., General Electric Company, Caterpillar Inc., Voith GmbH & Co. KGaA, Mitsubishi Heavy Industries Ltd., Vossloh AG, Škoda Transportation AS, Newag S.A., PESA Bydgoszcz S.A., Stäubli Electrical Connectors AG, Prodrive Technologies B.V., TMH International AG, ZF Friedrichshafen AG, Faiveley Transport S.A., Knorr-Bremse AG, Akiem Group S.A., Talgo S.A.
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Polymer Coated Fabrics Market Overview
Polymer-coated fabrics refer to a layer on top of the textile fabric to increase abrasion resistance. It is especially useful for high-friction materials such as personal protective equipment (PPE), power transmission belts, backpacks, footwear, and synthetic leather products.
Polymer Coated Fabrics Global Market Report 2023 provides data on the global polymer coated fabrics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The polymer coated fabrics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.