USD 6.86 billion
Report ID:
SQMIG15E2516 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
69
|Figures:
68
Textile Coatings Market size was valued at USD 7.12 Billion in 2023 and is poised to grow from USD 7.39 Billion in 2024 to USD 9.96 Billion by 2032, growing at a CAGR of 3.8% during the forecast period (2025-2032).
Deposition of resin on a textile substrate is often known as textile coating. These coatings usually enhance the qualities of textiles and the rapidly rising demand for novel textiles and clothing around the world is slated to bolster market development over the coming years. Growing demand for novel textile materials from different industry verticals is also projected to promote the adoption of textile coatings in the future. Rapidly expanding world population, high disposable income, increasing demand for home furniture, and growing sales of vehicles are other factors that are estimated to influence textile coatings market growth across the forecast period. High demand for custom fabrics for different uses in several industry verticals is also estimated to promote the use of textile coatings.
Rapidly increasing infrastructure development activity in developing economies will also bolster the demand for textile coatings going forward. Innovation in the textile industry will also create new opportunities for textile coatings companies across the forecast period. High demand for protective clothing on a global level will also foster sales of textile coatings in the future.
Global Market Size
USD 6.86 billion
Largest Segment
Building & Construction
Fastest Growth
Transportation
Growth Rate
3.8% CAGR
To get more reports on the above market click here to Buy The Report
The global textile coatings market is segmented based on type, application, and region. Based on type, the market is bifurcated into thermosets cellulosic, natural rubber, polyvinyl chloride, thermoplastics, acrylics, and polyurethane. In terms of application, the market is segmented into building & construction, transportation, agriculture, automotive, industrial, and fabric filters. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Type
Thermoplastics account for a major share of the global textile coatings market. This can be ascribed to the widescale use of thermoplastics across different industry verticals for several applications. Banners, large tents, bags, automotive airbags, etc. are some key products where thermoplastic textile coatings are being used extensively. Water-resistant clothing is majorly made using thermoplastics and this also contributes to the high market share of this segment.
Meanwhile, the demand for the thermoset cellulosic segment is slated to rise at a fast CAGR over the coming years. The high use of this type of textile coating in the manufacturing of protective clothing and military uniforms is allowing this segment to expand at a notable pace. A high focus on safety and increasing demand for protective clothing from different industries will also favor the textile coatings market growth via the thermoset cellulosic segment.
Analysis by Application
Most of the textile coatings are used for building & construction applications. Growing construction activity around the world and increasing investments in infrastructure development are key factors that are slated to bolster market growth via this application. textile coatings are extensively used in the making of signage and advertising boards, which is also a factor that is slated to bolster growth in this segment. High demand for novel construction materials is also estimated to bolster textile coatings sales for building and construction applications.
Demand for textile coatings in transportation applications is slated to rise at a rapid pace over the coming years. The growing use of textile coatings in automotive upholstery and airbag manufacturing is forecasted to allow this segment to expand at a rapid pace. A rising focus on driver safety is promoting the use of airbags in all types of vehicles, which is also slated to boost textile coatings market growth via transportation applications.
To get detailed analysis on other segments, Request For Free Sample Report
North America accounts for a prominent chunk of the global textile coatings market share. This can be directly attributed to the high demand for protective clothing and robust automotive manufacturing activity in this region. High adoption of advanced textiles and growing integration of technology with clothes to create smart clothing are also creating attractive growth scope for textile coatings companies in this region. The United States and Canada are forecasted to be the top markets for textile coatings providers in this region.
Meanwhile, the Asia Pacific region is estimated to emerge as the fastest-growing regional textile coatings market in the world. Rapid urbanization and industrialization are primary factors that are augmenting the textile coatings demand outlook. High production of textiles in China and India also contributes to the rapid growth in sales of textile coatings in the Asia Pacific region.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Increasing Construction Activity
Restraints
Stringent Regulatory Mandates
Request Free Customization of this report to help us to meet your business objectives.
Companies are projected to invest heavily in the development of novel textile coatings that are capable of being used in different applications across numerous industry verticals. Textile coating suppliers should also focus on the smart textile trend to innovate and stand out from the competition. Growing use of textiles in different unique applications is also estimated to widen the scope of business for textile coatings companies in the future. Mergers, partnerships, acquisitions, and collaborations are also predicted to be important strategies that could allow market players to take their business to the next level. Textile coating manufacturers can also target the automotive industry and protective clothing industries to create new opportunities for themselves in the long run.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, the rapidly expanding construction industry and growing focus on safety in different industry verticals are slated to play in the hands of textile coatings companies going forward. The increasing use of textile coatings in various applications and rising demand for novel textiles are also slated to uplift textile coating demand outlook in the future. However, stringent regulations to reduce the use of toxic chemicals and VOCs from different industry verticals are projected to hurt textile coating sales in the long run. The Asia Pacific region is slated to emerge as the fastest-growing regional market in the world owing to rising disposable income and rapidly increasing infrastructure development activity in this region. Smart textiles are a key trend that all textile coatings companies should focus on if they want to make it big in the future.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 7.12 Billion |
Market size value in 2032 | USD 9.96 Billion |
Growth Rate | 3.8% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Textile Coatings Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Textile Coatings Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Textile Coatings Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Textile Coatings Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG15E2516
sales@skyquestt.com
USA +1 351-333-4748