Latest industry survey by Fact MR, predicts sales of Textile Coatings to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
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The report offers actionable and valuable market insights of Textile Coatings. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Textile Coatings Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Textile Coatings market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Textile Coatings
This newly published and insightful report sheds light on Market Insights of Textile Coatings, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Textile Coatings Market.
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Market Snapshot
A recently published report by Fact.MR establishes that the global market for textile coatings is anticipated to register steady growth, surging nearly 1.5x across the forecast period ranging from 2021-2031. According to the report, a valuation of US$ 3.4 Bn by 2021, ultimately reaching US$ 5 Bn by 2031. Demand for thermoplastic polyurethane coatings will account for 4/5th of total sales.
| Market Size (2021) | US$ 3.4 Bn |
| Value CAGR (2021-2031) | 4% |
| Market Size (2031) | US$ 5 Bn |
| Fastest Expanding Market | China |
Key Segments Covered
· Technology
-
- Dot Textile Coating Technology
- Full Surface Textile Coating Technology
· Raw Material
-
- Thermoplastic Textile Coatings
- Polyvinyl Chloride (PVC) Textile Coatings
- Polyurethane (PU) Textile Coatings
- Acrylic Textile Coatings
- Other Thermoplastic Textile Coatings
- Polyolefins
- Nylon
- Thermoset Textile Coatings
- Styrene Butadiene Rubber (SBR) Textile Coatings
- Natural Rubber Textile Coatings
- Other Thermoset Textile Coatings
- Nitrile Rubber
- Butyl Rubber
- Other Textile Coatings
- Silicone
- Fluoropolymers
- Thermoplastic Textile Coatings
· End Use
-
- Textile Coatings for Geotextiles
- Textile Coatings for Upholstery Fabric
- Textile Coatings for Industrial Clothing
- Textile Coatings for Sports & Leisure
- Textile Coatings for Medical Hygiene Products
- Textile Coatings for Other End Uses
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Competitive Landscape
Leading manufacturers rely on a variety of growth tactics, including broadening current product portfolios, signing collaborative partnerships with existing players, mergers and acquisitions, and capacity expansion initiatives.
- In September 2021, BASF SE exhibited its polyurethane, thermoplastic polyurethane and E-thermoplastic polyurethane and 3D printed molds and functional coatings for the footwear industry at SIMAC 2021, which will assist the company in furthering its footprint in the global sustainable footwear business
- Also, Technip FMC, a large construction and engineering business, signed a cooperative development agreement with Clariant Catalysts in July 2020 to commercialize their Acrylo Max propylene ammoxidation catalyst for the production of fiber intermediate acrylonitrile (ACN).
Key Takeaways from the Market Study
- By raw material, thermoplastics to reign supreme, generating over 80% of market revenue, with high preference for polyurethane
- By end use, medical hygiene products to witness increased application of textile coatings
- Demand for full textile coatings anticipated to surge over coming years
- The market in the U.S. likely to surpass the billion dollar mark amid extensive uptake across industrial clothing and sports apparel sectors
- Heavy investments in domestic apparel market to heighten demand across India
- China to emerge as a heavyweight in textile coatings in Asia Pacific
“Surging infrastructure development projects across emerging economies, particularly with respect to public transportation systems, is paving the way for incorporating robust construction material, widening demand for textile coatings,”
remarks a Fact.MR analyst.
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Report Benefits & Key Questions Answered
- Textile Coatings Company & brand share analysis: The report offers brand-share analysis on Textile Coatings market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
- Textile Coatings Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
- Textile Coatings Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
- Textile Coatings Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
- Textile Coatings Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
- Post COVID consumer spending on Textile Coatings: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Textile Coatings sales.
More Valuable Insights on Textile Coatings Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Textile Coatings, Sales and Demand of Textile Coatings, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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