According to a recently published report by Research Nester on “Textile Coatings Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the textile coatings market in terms of market segmentation by material, by technology, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The textile coatings market is anticipated to record a CAGR of around 4.1% over the forecast period i.e. 2019-2027. The market is segmented by material, technology & application. The market is segmented by material into thermosets (natural rubber, styrene butadiene rubber), thermoplastics (acrylic, polyurethane, polyvinyl chloride). The market is further segmented by technology into traditional, advanced (magnetron sputtering, plasma coating). On the basis of application, the market is segmented into construction, home furnishing, transportation, medical, clothing, packaging, sports & leisure, industrial.
The occurrence of smart clothing with devices, increasing consideration of biomaterials and development of nanotechnology and AI are expected to alter end use industries in the future. Clothing with methods of charging smartphones, water repellant materials, UV protection layers, and self-cleansing fabrics are attaining huge demand through the fashion industry. This is expected to challenge the manufacturers to adjust with the new technologies and undertaking new design options for the clothing industry to meet the customers demand. Owing to huge cost of investments, small players may face difficulty in entering into the market. Conversely, small players having innovations may be rewarded with various opportunities in the market in the coming future.
Asia Pacific is anticipated to have leading shares on account of increasing demand for construction, clothing and transportation application. Rise in the disposable income along with favorable policies propelling the industrial development may influence the product penetration positively. North America region followed Asia Pacific on the back of improvement in overall industry supporting the business growth, increasing R&D activities by the market players and stable prices of raw materials with stable energy prices. Europe is expected to witness increasing growth owing to recovery in the automotive industry.
There has been a continuous increase in performance and quality standards in the end use industries such as rise in performance requirements and increasing fire safety regulations. Additionally, initiation of innovative technologies are done regularly and is anticipated to open new opportunities for the manufacturers in the textile coatings market.
However, environmental concerns and harmful effects of PVC coating material is expected to operate as a key restraint to the growth of textile coatings market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the textile coatings market which includes company profiling of Nobletex Industries Limited, Ajy Tech India Pvt. Ltd., Visen Industries Limited, Textiles Coated International, National Coating Corporation, and Sioen Coating. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the textiles coatings market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.