Textile Coatings Market Size & Share - Industry Growth

Q: What is the market size of Textile Coatings Market?

Global textile coatings market size was valued at USD 6.86 billion in 2022 and is poised to grow from USD 7.12 billion in 2023 to USD 9.6 billion by 2031, growing at a CAGR of 3.8% in the forecast period (2024-2031).

Q: What is the key driver of Textile Coatings Market?

As the global population expands, so does the need for new public infrastructure and this has led to increased construction activity. Growing demand for novel construction materials is also slated to bolster textile coatings market growth in the future.

Q: Which region accounted for the largest share in Textile Coatings Market?

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.

Textile Coatings Market Competitive Landscape

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

Sumitomo Chemical Company

Huntsman International LLC

Archroma

Covestro AG

Textiles Coated International

BASF SE

Tanatex B.V.

Lubrizol Corporation

Solvay SA

National Coating Corporation

Omnova Solutions

Clariant AG

FAQs

textile coatings market size was valued at USD 6.86 billion in 2022 and is poised to grow from USD 7.12 billion in 2023 to USD 9.6 billion by 2031, growing at a CAGR of 3.8% in the forecast period (2024-2031).

As the population expands, so does the need for new public infrastructure and this has led to increased construction activity. Growing demand for novel construction materials is also slated to bolster textile coatings market growth in the future.

Smart Textiles: The popularity of smart textiles is increasing in this digital world. Textiles that can be integrated with technologies such as IoT and AI are known as smart textiles, and they are slated to be popular in all industry verticals going forward. From healthcare to the military, the application scope of smart textiles is immense, and this offers new opportunities for textile coatings companies in the future.

North America accounts for a prominent chunk of the 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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Textile Coatings Market Size, Share, Growth Analysis, By Type(Thermosets Cellulosic, Natural Rubber, Polyvinyl Chloride, Thermoplastics), By Application(Building & Construction, Transportation, Agriculture, Automotive), By Region - Industry Forecast 2024-2031

Textile Coatings Market Competitive Landscape

Textile Coatings Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$5,300

Textile Coatings Market Size, Share, Growth Analysis, By Type(Thermosets Cellulosic, Natural Rubber, Polyvinyl Chloride, Thermoplastics), By Application(Building & Construction, Transportation, Agriculture, Automotive), By Region - Industry Forecast 2024-2031

Textile Coatings Market Competitive Landscape

Textile Coatings Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Textile Coatings Market?

Who are the key vendors in the Textile Coatings Market?

What is the key driver of Textile Coatings Market?

What is the key market trend for Textile Coatings Market?

Which region accounted for the largest share in Textile Coatings Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300