ContTech AG , LG chem, CANADIAN GENERAL TOWER are dominating the market for North America Automotive Coated Fabric Market in 2019

North America Automotive Coated Fabric Market is expected to grow at a steady CAGR of 3.7% in the forecast period 2020 to 2027. The years considered for study are as mentioned below.

Access Full Report at https://www.databridgemarketresearch.com/reports/north-america-automotive-coated-fabric-market

An automotive coated fabric is a fabric that has been processed to enhance its durability, to stay stronger and resistant to weather conditions. Such fabrics are coated with the material that makes its surface more resistant to damage, instead of weaving a reinforcing fibre directly into the material. Polyethylene, the most basic plastic material is the most common coating which has demonstrated its strength through its use in the packaging industry. Other coatings include plastic and rubber resins, PVC, acrylic, polyvinyl chloride, laminates, and others.

The major players dealing in automotive coated fabric market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced the product portfolio. For instance, In August 2019, CANADIAN GENERAL TOWER expanded its business in Europe by acquiring two French firms, AlkorDraka Industries and Alkor Medical Tubing. This will help the company in expanding its geographical locations and increasing customer base.  Adding to expansion of the business, this acquisition will generate revenue in mass from the industries.

ContiTech AG is the dominating player in the North America automotive coated fabric market. The other key players existing in the market includes LG Chem, Mayur Uniquoters Limited, Uniroyal Engineered Products, Inc., Vulcaflex s.p.a, NAN YA PLASTICS CORPORATION, CANADIAN GENERAL TOWER, The Haartz Corporation, Morbern , and Mid-Mountain Materials, Inc. among others

ContiTech AG

  • ContiTech AG headquartered in Germany which was founded in 1871. The Company offers solution for design-oriented living for its customers through customer-friendly and environmentally-friendly products.  In November 2019, ContiTech AG had launched special material for automotive industry named as resilient material. The characteristic of this material is that it is tough and long lasting interior material. This material is easy to clean surfaces and is also dirt-repellent. This will help company in increasing portfolio of robust service.

The company has wide global presence across the globe. In addition to it, the company also generates its revenue from the various subsidiary companies such as Benecke-Kaliko(Germany),  Benchmark Drives GmbH & Co. KG(Germany),  Merlett Tecnoplastic Spa(Italy), Cadna Rubber Company, Inc.(U.S.), TEGU Walzen und Sleeves GmbH(Germany) and others.

CANADIAN GENERAL TOWER

CANADIAN GENERAL TOWER has headquartered in Ontario, Canada and it was founded in 1869. The company offers is a producer of coated fabrics and films by using high level of technology and innovation that are used in various applications. 

  • In August 2019, CANADIAN GENERAL TOWER extended their business in Europe by adopting the two company named as AlkorDraka Industries and Alkor Medical Tubing. This expansion further increase the customer base for the company Due to which the company remain competitive not only in the North America but also in the other regions.

The company has presence in Canada, U.S., China, France, and Japan

LG chem:

LG chem headquartered in Seoul, South Korea which was founded in 1947. The company is known for offering Petrochemicals, Energy Solutions, Advanced Materials, and Life Sciences.

 For instance,

  • In February 2019, ACI Worldwide Inc. acquired Western Union’s Speedpay U.S. Domestic Bill Pay Business for USD 750 million. Western Union Company is a cross-border, cross-currency cash world leader. This acquisition will help the company to increase their portfolio in U.S. electronic bill pay and presentment (EBPP) market.

The company has wide global presence across the globe such as Europe, Asia, Korea, U.S., Oceania. In addition to it, the company also generates its revenue from the various subsidiary companies such as LG Chemical America, Inc.(U.S.), LG Chem China Investment Co., Ltd.(China) Farm Hannong Co., Ltd.(Korean), LG Chem Power, Inc(Korean), LG Water Solutions(U.S.) and others.

Recent Strategic Decisions

North America Automotive Coated Fabric Market