Market Research Future (MRFR) has announced a new release on the Global Textile Coatings Market. The report analyzes the Global Textile Coatings Market by assessing the market’s present and past movement patterns in order to provide reliable projections about the market’s probable growth trajectory over the forecast period.
Textile Coatings can include a number of polymeric resin materials, which are deposited on to textiles in order to provide them with certain physical attributes, such as enhanced durability, fire protection, anti-microbial properties, and anti-abrasive properties. Textile coatings help protect the textile from environmental materials such as dirt and grease and also keep them dry in case of a risk of water damage. Thus, Textile Coatings have become a key part of the modern textiles industry and are likely to remain in widespread use due to the constant growth of the Textiles Industry.
Growth of the clothing industry is likely to remain a major driver for the Global Textile Coatings Market over the forecast period. The growing global population is the major driver for the global clothing industry and is thus likely to drive the Textile Coatings Market. Growing demand for premium clothing that lasts for much longer periods of time than conventional clothing has led to the use of Textile Coatings. Growing demand for specialty clothing for use in specific sectors is also likely to lead to a growing demand for Textile Coatings.
The home furnishings industry is also likely to be a major end user for the Global Textile Coatings Market. The growing demand for high-quality automotive interiors has also led to a growing demand for textile coatings in order to build robust and long-lasting interior fittings. On the other hand, environmental concerns about the use of polymer resins on textiles are likely to hamper the growth prospects of the Global Textile Coatings Market over the forecast period. Efforts to derive environmentally sustainable alternatives to conventional Textile Coatings could become a popular research and development channel in the Global Textile Coatings Market.
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Competitive Landscape:
Leading players in the Global Textile Coatings Market include Covestro AG, Huntsman International LLC, Clariant AG, Omnova Solutions Inc., Formulated Polymer Products Ltd., Tanatex BV, Sumitomo Chemical Company, BASF SE, Solvay SA, and Lubrizol Corporation.
Segmentation:
The Global Textile Coatings Market is segmented based on the Type of Coating, Coating Method, End-Use Industry and Region.
On the basis of the Type of Coating, the Global Textile Coatings Market is segmented into thermoplastics, thermosets, and others such as silicon and fluoropolymers. Various types of thermoplastics are used as raw materials for textile coatings, such as polyvinyl chloride (PVC), polyurethane (PU), acrylics, polyolefins, and others. Thermosets used in this application include styrene-butadiene rubber (SBR), natural rubber, and others such as nitrile rubber and butyl rubber.
On the basis of the Coating Method, the Global Textile Coatings Market is segmented into direct coating, direct roll coating, pad-dry-cure coating, foamed & crushed foam coating, hot melt extrusion coating, calendar coating, and others.
On the basis of the End-Use Industry, the Global Textile Coatings Market is segmented into clothing, transportation, building & construction, home furnishing, healthcare, and others, including packaging, agricultural industry, geotextiles.
Regional Analysis:
On the basis of Region, the Global Textile Coatings Market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific is likely to be the largest market for Textile Coatings over the forecast period due to the rapid growth of the construction, clothing, automotive, healthcare, and agriculture sectors in the region. The rising government investment in urban development has led to a huge demand for new construction, which has driven the demand for home furnishings. The growing automotive industry has also aided the Textile Coatings Market in the region, as premium automobiles using high-grade textile coatings have become increasingly popular, driving the demand from the Textile Coatings Market. Rapid growth of the agriculture sector in developing countries such as India, China, Thailand, Laos, Indonesia, Cambodia, and Vietnam is also likely to drive the demand for agricultural textiles, which is likely to drive the demand from the Textile Coatings Market in the region.
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North America and Europe also hold a considerable share in the Global Textile Coatings Market and are likely to remain key contributors to the global market over the forecast period due to the high disposable income of consumers in these regions. The Middle East and Africa could also emerge as a significant player in the Global Textile Coatings Market due to the growing construction and automotive industries.
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