Press release
Textile Coatings Market Poised for Steady Growth in the Future
Textile Coatings Market: Drivers and Restraints
The global textile coating market is being driven by the increasing quality and performance standards in end use industries such as increasing performance requirements, increasing fire safety regulations, and increasing quality standards in apparels industry. In addition to this, introduction of new innovative technologies or products are expected to open new markets for textile coatings. Threats from bio based alternatives and some environmental concerns related to textile coatings of PVC material are the major restraints for the textile coatings market. Few textile coating materials like isocyanides and PVC are considered as harmful and poisonous for the human health and environment. Polyurethanes is being accepted by most of the manufacturers from the developed countries as potential replacement for PVC.
Transportation is estimated to contribute highest share among the all end use industries segments. Increasing demand for advanced automotive interiors and need for superior vehicles is anticipated to support the dominance of this segment over the forecast period.
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Textile Coatings Market: Segmentation
On the basis of Type,
Thermoplastics
Polyvinyl Chloride
Polyurethane
Acrylics
Others (Polyolefins, Nylons, EVA, and so on)
Thermosets
Styrene-butadiene Rubber
Natural Rubber
Others (Nitrile Rubber, Butyl Rubber, and so on)
Others (Silicone, Fluoropolymers)
On the basis of End Use industry,
Transportation
Airbag Fabrics
Automotive Upholstery
Others
Building & Construction
Hoardings and Signage
Scaffolding Nets
Canopies and Awnings
Architectural Membranes
Others
Protective Clothing
Ballistic Protective Clothing
NBC Suits
Chemical Protection Clothing
Industrial
Fabric Filters
Others
Medical
Extracorporeal Devices
Implantable & Non-implantable Devices
Others
Sports/Leisure
Packaging
Agriculture
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Textile Coatings Market: Region Wise Outlook
The global textile coatings Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). APEJ and Japan together leads the global textile coatings Market in terms of demand, followed by North America and Western Europe. The rising demand for protective clothing, building & construction, transportation, medical, and industrial application because of the increasing performance and quality standards in APEJ region is anticipated to drive the textile coatings market in this region.
Textile Coatings Market: Key Players
Covestro AG.
Huntsman Internaional LLC
Solvay SA
BASF SE.
Clariant AG
Omnova Solutions Inc
Sumitomo Chemical Company
The Lubrizol Corporation
Formulated Polymer Products Ltd
Tanatex Chemicals
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