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

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.

Report ID: SQMIG15E2516 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 69 | Figures: 68

Textile Coatings Market Regional Insights

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.

Textile Coatings Market Report Snapshots

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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).

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. 'Sumitomo Chemical Company', 'Huntsman International LLC', 'Archroma', 'Covestro AG', 'Textiles Coated International', 'BASF SE', 'Tanatex B.V.', 'Lubrizol Corporation', 'Solvay SA', 'National Coating Corporation', 'DSM', 'Omnova Solutions', 'Clariant AG'

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.

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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 Regional Insights

Textile Coatings Market Report Snapshots

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