Global Textile Coating Market, By Type (Thermoplastics, Thermosets, Others), Technology (Solvent-Borne, Water-Borne, Powder Coating, Others), Coating Method (Direct, Direct Roll, Pad-Dry-Cure, Foamed and Crushed Foam, Hot Melt Extrusion, Calendar), Application (Clothing, Transportation, Medical, Industrial, Construction, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Commercial vehicles and passenger cars are widely used, and sales have increased in recent years. Furthermore, the water-based polyurethane (PU) coatings are becoming the preferred coating technology due to growing demand for safer and more environmentally friendly products, which are anticipated to favor the market positively over the forecasted period.
Global Textile Coating Market was valued at USD 3.40 billion in 2021 and is expected to reach USD 4.44 billion by 2029, registering a CAGR of 3.40% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
The process of depositing various chemicals and resins on one or both sides of a textile substrate is referred to as textile coating. These compounds are typically added to improve the physical properties of the textile, such as fire, water, abrasion, soil, and stain resistance, as well as heat stability and breathability. Thermoplastics, such as polyvinyl chloride, polyurethane, and acrylics, and thermosets, such as styrene-butadiene, natural, nitrite, and butyl rubber, are among the most common types of textile coatings. They are primarily used in the production of airbags, conveyor belts, barrier materials, hospital equipment, and protective clothing, but they also have numerous applications in the aerospace, transportation, construction, and medical industries.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
By Type (Thermoplastics, Thermosets, Others), Technology (Solvent-Borne, Water-Borne, Powder Coating, Others), Coating Method (Direct, Direct Roll, Pad-Dry-Cure, Foamed and Crushed Foam, Hot Melt Extrusion, Calendar), Application (Clothing, Transportation, Medical, Industrial, Construction, Others)
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
Market Players Covered
Covestro AG (Germany), The Lubrizol Corporation (U.S.) Huntsman International LLC (U.S.), Solvay SA (Belgium), Clariant AG (Switzerland), BASF SE (Germany), Avient (U.S.), Construction Materials Co., Ltd., (China), Holcim (Switzerland), CHRYSO GROUP (France), GCP Applied Technologies Inc. (U.S.), Omnova Solutions Inc. (U.S.), DuPont (U.S.), Sumitomo Chemical Company (Japan), PPG Industries, Inc. (U.S.), M&I Materials Limited (U.K), Formulated Polymer Products Ltd. (U.K), and Tanatex Chemicals B.V. (Netherlands)
Textile coating Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Growing Quality Standards
There has been a greater need to upgrade quality standards in terms of safety and performance, with the advent of the industrial revolution. Organizations such as ISO (International Organization for Standardization) and OSHA (Occupational Safety and Health Administration) have defined various guidelines, mandatory regulations, and procedures for various industries such as automotive, aerospace, building and construction, and protective clothing to require the use of textile coatings in their fabrics. This will boost the market growth.
- Surging Utilization and Demand Across End Users
The increasing demand for waterproof, high-performance, and temperature-resistant materials is one of the factors driving the textile coating market. Other factors responsible for market growth include improved performance criteria in end-use applications, property measures, and flame protection ordinances, which are propelling the market forward.
- Increased Awareness Regarding its Advantages
Textile coatings are chemicals that add properties such as fire resistance, waterproofing, anti-scratch, anti-abrasion, soil and stain repellence, heat stability, and breathability to textiles. These coatings improve the functional performance of textiles and are becoming more popular in technical textiles.
Furthermore, the low-cost fabrics are coated with textile coatings, which provide higher added value to end-use manufacturers, which will further propel the growth rate of textile coating market. Additionally, the expansion in global automotive industry coupled with inclination towards passenger cars will also drive market value growth. The high adoption of waterproof, premium quality and heat-resistant fabrics for the manufacturing of packaging, faux leather and sports clothing products are other market growth determinants which are projected to bolster the growth of the market.
- Innovation, Development and Technologies
Furthermore, the induction of the nanotechnology in covering cords is envisioned to initiate up innovative progression possibilities coupled with the introduction of innovative technology and commodities extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the manufacturers are endeavoring to accomplish anti-microbial and self-sustaining characteristics in textile coatings combined with the development of advanced coating technologies, such as spray coating, nanoscale and plasma technologies which will further expand the future growth of the textile coating market.
- Availability of Substitutes
The progressing affairs proceeding PVC textile coatings and expanding perils from bio-based options will create hindrances for the growth of the textile coating market.
- Environmental Concerns
Also, the various environmental concerns will prove to be a demerit for the textile coating market. Therefore, this will challenge the textile coating market growth rate.
This textile coating market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the textile coating market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Textile coating Market
The recent outbreak of coronavirus had a negative impact on the textile coating market as new store openings have ceased, and even domestic retailers are experiencing inventory issues as a result of a large volume of unsold consignments. This is due to a decrease in demand for textile merchandise. Moreover, the various disruptions as well as the delays in various manufacturing and supply-chain operations caused by various precautionary lockdowns imposed by governments to combat disease spread resulted in a massive financial setback for the market. The business community is further harmed by cash shortages, disruptions in supply chains, and labor-related issues. These aforementioned determinants immensely weighed down the market's revenue trajectory.
On the brighter side, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and cancelled operations will continue and as a result the market is estimated to expand.
Global Textile coating Market Scope
The textile coating market is segmented on the basis of type, technology, coating method and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Polyvinyl chloride
- Styrenebutadiene rubber
- Natural rubber
- Nitrile rubber
- Butyl Rubber
- Powder Coating
- Direct Roll
- Foamed and Crushed Foam
- Hot Melt Extrusion
- Ballistic protective clothing
- NBC suits
- Chemical protection clothing
- Airbag fabrics
- Automotive upholstery
- Extracorporeal devices
- Implantable and non-implantable devices
- Fabric filters
- Hoardings and signage
- Scaffolding nets
- Canopies and awnings
- Architectural membranes
Textile coating Market Regional Analysis/Insights
The textile coating market is analyzed and market size insights and trends are provided by country, type, technology, coating method and application as referenced above.
The countries covered in the textile coating market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the textile coating market because of the growing economy, rising disposable income of the middle-class population and expanding trade from the architecture enterprise, medicinal, clothing residence furnishing enterprise and evolving requirement for shielding textiles within the region. North America on the other hand, is estimated to show lucrative growth due to the vast applications in clothing, healthcare, transportation, construction, home furnishing, and others within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Textile coating Market Share Analysis
The textile coating market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to textile coating market.
Some of the major players operating in the textile coating market are
- Covestro AG (Germany)
- The Lubrizol Corporation (U.S.)
- Huntsman International LLC (U.S.)
- Solvay SA (Belgium)
- Clariant AG (Switzerland)
- BASF SE (Germany)
- Avient (U.S.)
- Construction Materials Co., Ltd., (China)
- Holcim (Switzerland)
- CHRYSO GROUP (France)
- GCP Applied Technologies Inc. (U.S.)
- Omnova Solutions Inc. (U.S.)
- DuPont (U.S.)
- Sumitomo Chemical Company (Japan)
- PPG Industries, Inc. (U.S.)
- M&I Materials Limited (U.K)
- Formulated Polymer Products Ltd. (U.K)
- Tanatex Chemicals B.V. (Netherlands)