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

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).

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.