Textile Coatings Market Revenue - Analysis, Growth, Share, Scope, Industry Size, Forecast, Demand and Outlook 2023

Market Segmentation:

On the basis of Type of Coating, the Global Textile Coatings Market Revenue has been segmented into thermosets, thermoplastics, and others (silicon, fluoropolymers). The thermosets segment can be further sub-segmented into natural rubber, styrene-butadiene rubber (SBR), and others (nitrile rubber, butyl rubber, and others). The thermoplastics segment has been sub-segmented into polyvinyl chloride (PVC), acrylics, polyurethane (PU), polyolefins, and others.

On the basis of Coating Method, the Textile Coatings Market has been segmented into direct roll coating, direct coating, pad-dry-cure coating, hot melt extrusion coating, foamed & crushed foam coating, calendar coating, and others.

On the basis of End-User Industry, the Global Textile Coatings Market has been segmented into transportation, clothing, building & construction, healthcare, home furnishing, and others (packaging, agricultural industry, geotextiles).

Competitive Dashboard:

The important players studied for presenting a detailed segmental analysis of the Global Textile Coatings Market are Lubrizol Corporation (U.S.), Covestro AG (Germany), Huntsman International LLC (U.S.), Clariant AG (Switzerland), Solvay SA (Belgium), Formulated Polymer Products Ltd. (U.K), BASF SE (Germany), Sumitomo Chemical Company (Japan), Omnova Solutions Inc. (U.S.), and Tanatex B.V. (Netherlands).

Industry News:

In May 2019, Covestro AG, Bayer's materials science division, has presented sustainable developments in Insqin technology designed for aqueous Textile Coatings and water-based polyurethane dispersion at Techtextil 2019. These developments are introduced for enabling biodegradable Textile Coatings.

In May 2019, Archroma, a leader in specialty chemicals and sustainable solutions, has announced the launch of a break-through water-based textile coating binder named Appretan® NTR which is based on natural renewable ingredients.

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Market Synopsis:

Textile Coatings are gaining momentum and witnessing rising applications across major end-use industries. The assessment offered by Market Research Future (MRFR) has revealed that the Global Textile Coatings Market is poised to register a steady CAGR across the projection period 2017 to 2023. These Coatings enable depositing polymeric resin on Textiles. The benefits of the process have paved its way across different industry verticals.

The growth of the Clothing Industry is the major factor responsible for the development of the Textile Coatings Market in the forthcoming years. Increasing disposable income is likely to favor market expansion in the foreseeable future. These coatings are also extensively used in the automotive sector for the manufacturing of upholstery. The growing demand for vehicles is poised to encourage the revenue growth of the Textile Coatings Market in the years to come.

The construction sector has also unleashed developmental opportunities to the market. In addition, the rising demand for Textile Coatings for home furnishings is prognosticated to accelerate revenue generation for the players of the market over the next couple of years. On the flip side, rising environmental concerns, in conjunction with the implementation of stricter regulations, is poised to undermine the expansion of the Textile Coatings Market in the years to come. 

Regional Analysis:

For an Exhaustive Geographical Assessment, the Global Textile Coatings Market has been segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa (MEA). Asia Pacific is expected to hold the lion’s share of the market in the years to come. Increasing applications across the burgeoning industry verticals such as automotive, healthcare, construction, etc. is expected to increase the revenue generation of the market participants over the next few years in the region. In addition, the rising purchasing power of the population is also projected to favorably influence the growth pace of the Textile Coatings Market in the years to come.

Europe and North America are significant regional segments and are poised to contribute substantially to the development of the Global Textile Coatings Market over the next couple of years. The increasing demand for PU based Textile Coatings is prognosticated to drive the proliferation of the market in the foreseeable future.

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Textile Coatings Market Trends - Share, Analysis, Supply, Demand, Growth, Industry Outlook and Forecast To 2023

Market Research Future Published a Half-Cooked Research Report on Global Textile Coatings Market Research Report- Forecast to 2023

Market Segmentation:

On the basis of Type of Coating, the Global Textile Coatings Market Trends has been segmented into thermosets, thermoplastics, and others (silicon, fluoropolymers). The thermosets segment can be further sub-segmented into natural rubber, styrene-butadiene rubber (SBR), and others (nitrile rubber, butyl rubber, and others). The thermoplastics segment has been sub-segmented into polyvinyl chloride (PVC), acrylics, polyurethane (PU), polyolefins, and others.

On the basis of Coating Method, the Textile Coatings Market has been segmented into direct roll coating, direct coating, pad-dry-cure coating, hot melt extrusion coating, foamed & crushed foam coating, calendar coating, and others.

On the basis of End-User Industry, the Global Textile Coatings Market has been segmented into transportation, clothing, building & construction, healthcare, home furnishing, and others (packaging, agricultural industry, geotextiles).

Regional Analysis:

For an Exhaustive Geographical Assessment, the Global Textile Coatings Market has been segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa (MEA). Asia Pacific is expected to hold the lion’s share of the market in the years to come. Increasing applications across the burgeoning industry verticals such as automotive, healthcare, construction, etc. is expected to increase the revenue generation of the market participants over the next few years in the region. In addition, the rising purchasing power of the population is also projected to favorably influence the growth pace of the Textile Coatings Market in the years to come.

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Europe and North America are significant regional segments and are poised to contribute substantially to the development of the Global Textile Coatings Market over the next couple of years. The increasing demand for PU based Textile Coatings is prognosticated to drive the proliferation of the market in the foreseeable future.

Competitive Dashboard:

The important players studied for presenting a detailed segmental analysis of the Global Textile Coatings Market are Lubrizol Corporation (U.S.), Covestro AG (Germany), Huntsman International LLC (U.S.), Clariant AG (Switzerland), Solvay SA (Belgium), Formulated Polymer Products Ltd. (U.K), BASF SE (Germany), Sumitomo Chemical Company (Japan), Omnova Solutions Inc. (U.S.), and Tanatex B.V. (Netherlands).

Industry News:

In May 2019, Covestro AG, Bayer's materials science division, has presented sustainable developments in Insqin technology designed for aqueous Textile Coatings and water-based polyurethane dispersion at Techtextil 2019. These developments are introduced for enabling biodegradable Textile Coatings.

In May 2019, Archroma, a leader in specialty chemicals and sustainable solutions, has announced the launch of a break-through water-based textile coating binder named Appretan® NTR which is based on natural renewable ingredients.

Browse Key Industry Insights spread across 100 pages with 47 market data tables & 12 figures & charts from the report, “Textile Coatings Market Information: By Type of Coating (PVC, PU, Acrylics), A Coating Method (Direct, Direct Roll, Pad-Dry-Cure, Foamed & Crushed Foam, Hot Melt Extrusion, Calendar), End-Use Industry (Clothing, Transportation, Construction, Home Furnishing, Healthcare) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/textile-coatings-market-5913

Market Synopsis:

Textile Coatings are gaining momentum and witnessing rising applications across major end-use industries. The assessment offered by Market Research Future (MRFR) has revealed that the Global Textile Coatings Market is poised to register a steady CAGR across the projection period 2017 to 2023. These Coatings enable depositing polymeric resin on Textiles. The benefits of the process have paved its way across different industry verticals.

The growth of the Clothing Industry is the major factor responsible for the development of the Textile Coatings Market in the forthcoming years. Increasing disposable income is likely to favor market expansion in the foreseeable future. These coatings are also extensively used in the automotive sector for the manufacturing of upholstery. The growing demand for vehicles is poised to encourage the revenue growth of the Textile Coatings Market in the years to come.

The construction sector has also unleashed developmental opportunities to the market. In addition, the rising demand for Textile Coatings for home furnishings is prognosticated to accelerate revenue generation for the players of the market over the next couple of years. On the flip side, rising environmental concerns, in conjunction with the implementation of stricter regulations, is poised to undermine the expansion of the Textile Coatings Market in the years to come. 

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Textile Coatings Market 2019 Trends, Industry Analysis, Outlook and Global Forecasts 2023

The Textile Coating is defined as the process of depositing a polymeric resin over a textile substrate on single or both sides. Textile coating produces a new structure, which acquires properties of the substrate and the coating product. Furthermore, it shields the materials from various environmental factors such as heat, dust, soil, water, oil, and grease. Therefore, it increases the functionality and durability of the final product. It imparts properties such as fire retardation, anti-abrasion, anti-bacterial, thermal insulation as well as modify the overall appearance of the final product. Various types of resins such as PVC, PU, polyester, acrylics, SBR, natural rubber, silicon, and fluoropolymers are used to coat the textile substrate in textile coatings to make a wide range of product for different applications. However, PVC Textile Coating is considered toxic for both human and the environment, and therefore many manufacturers have adopted PU as a replacement to PVC.

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The growth of the clothing industry across the globe is expected to fuel the demand for the Textile Coatings during the forecast period. Rising quality standards in developed economies and growing purchasing power & lifestyle changes in developing countries are the factors contributing to the growth of the clothing industry. Additionally, textile coatings are used to make automotive upholstery for cars, bus, trains, trucks, and two-wheelers, and airbag fabrics. Thus, Europe and Asia Pacific with the strongest automotive industry base is expected to ensure the stable revenue source for the textile coating market during the forecast period. Textiles Coatings are also used in hoardings & signage, scaffolding nets, canopies & awnings, architectural membranes, conveyor belts, safety vests for construction workers. Therefore, it is likely to show high demand from building & construction industry across the globe. Textile Coatings are further used in home furnishing industry to make curtains, carpets backings, sofa covers, and pillow & cushion covers.  High revenue expenditure on home furnishing items in developed regions, rising disposable income, and improving standard of living in developing regions are expected to create huge home furnishing market in the coming years,  expected to affect the global textile coating market positively over the forecast period.  Textile Coatings finds wide applications in healthcare industry for manufacturing equipment’s such extracorporeal devices, implants, and medical gloves, thus expected to drive high demand from the healthcare sector during the assessment period. Textile coatings are further used in agricultural industry for fencing, coverings for crop protection, bags, and shading materials. Textile coatings also have applications in geotextiles for soil waterproofing in landfills.

Key Players:

Some of the major players operating in the Global Textile Coatings Market are Covestro AG (Germany), Lubrizol Corporation (U.S.) Huntsman International LLC (U.S.), Solvay SA (Belgium), Clariant AG (Switzerland), BASF SE (Germany), Omnova Solutions Inc. (U.S.), Sumitomo Chemical Company (Japan), Formulated Polymer Products Ltd. (U.K), and Tanatex B.V. (Netherlands).

Market 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 (silicon, fluoropolymers). Various types of thermoplastics are used as raw materials for textile coatings such as polyvinyl chloride (PVC), polyurethane (PU), acrylics, polyolefins and others. The types of thermosets used are styrene-butadiene rubber (SBR), natural rubber, and others (nitrile rubber, butyl rubber, and others).

On the Basis of the Coating Method, the Global Textile Coatings Market is segmented into the direct coating, direct roll coating, pad-dry-cure coating, foamed & crushed foam coating, hot melt extrusion coating, calender coating, and other.

On the Basis of the End-User Industry, the Global Textile Coatings Market is segmented into clothing, transportation, building & construction, home furnishing, healthcare, and others (packaging, agricultural industry, geotextiles).

On the Basis of the Region, the Global Textile Coatings Market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

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Regional Analysis:

The Global Textile Coatings Market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.  Asia Pacific is expected to be the largest textile coating market in terms of market size due to growing home furnishing, construction, transportation, healthcare, agriculture, and packaging industry on account of relaxed investments norms, growing economy, rising disposable income of the middle-class population. North America and Europe are expected to show steady demand for PU based textile coating due to vast applications in clothing, healthcare, transportation, construction, home furnishing, and others. The Middle East & Africa is expected to show significant demand for Textile Coating from the construction, clothing, home furnishing sector due to the flourishing tourism industry. The Latin American market is expected to grow at a slow pace due to low overall development.           

                                                                   

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Textile Coatings Market 2019 | Industry Sales, Supply and Consumption Analysis and Forecasts to 2023

Market Insights

Textile Coatings imbue fabrics with a number of desirable properties which enhance function. Polymeric resin is a common coating on textile which then lends its various advantageous properties to the textile. Steady, and healthy growth is expected for the Global Textile Coatings Market according to Market Research Future's market report for the forecast period of 2018 to 2023.

Textile coatings result in improved structures which provide shielding benefits from a number of environmental factors such as water, grease, dust, and dirt. This lends itself to the functionality and durability of the final product. 

Various resins are used to coat textiles to create products with a number of applications. These coatings offer properties such as fire retardation, anti-bacterial, and thermal insulation among others. The clothing industry across the world has been witnessing increasing demand for coated textiles due to the increasing purchasing power and desirable properties of coated textiles. Moreover, textile coatings are used to make upholstery for various vehicle such as cars, buses, trains, and others. Textile coatings have a number of applications which extend to production of canopies, architectural membranes, safety vests and conveyor belts which will positively impact demand from the construction sector. Meanwhile the furniture industry is also increasing its demand for textile coatings to increase functionality and durability of various furnishing products. Other industries where textile coatings are used include healthcare, and agricultural.

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Polymers carry various environmentally hazardous risks which are likely to impact their use negatively. Stringent regulations challenge market growth. However, the development of safer alternatives will likely mitigate this in the coming years.

Key Players

Tanatex B.V., Lubrizol Corporation, Huntsman International LLC, Clariant AG, Solvay SA, BASF SE, Formulated Polymer Products Ltd., Sumitomo Chemical Company, Covestro AG, and Omnova Solutions Inc. are among the leading market players present in the Global Textile Coatings Market.

Latest Industry News

Bolger & O'Hearn Inc. Speciality Chemicals has entered into an agreement with DSM CoatingResins, to represent the latter as a distributor and as a product development partner for DSM Coating Resin's textile products.

Covestro has launched a new product under its Insqin brad for effective waterproof textile coatings.

Market Segmentation

The Global Textile Coatings Market, in MRFR's report has been segmented on the basis of Type of Coating, Coating Method, End-Use Industry, and Region. Types of coatings available in the global textile coatings market include thermoplastics, thermosets, and others. Thermoplastics further include polyvinyl chloride, polyurethane, acrylics, polyolefin, and others. Thermosets further include styrene-butadiene rubber, natural rubber, and others. Further sub segmentations are in the report.

Coating methods used in the Global Textile Coatings Market include direct coating, direct roll coating, pad-dry-cure coating, foamed & crushed foam coating, hot melt extrusion coating, calendar coating, and others.End-users of textile coatings include healthcare, clothing, transportation, building & construction, home furnishing, and others.

Regions included in the market's analysis are Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

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Regional Analysis

The Global Textile Coatings Market is predominantly led by the Asia Pacific. The Region has a massive textile industry and has growing end-use industries where coated textiles are in high demand. Home furnishing, construction, transportation, healthcare, agriculture, and packaging industries are growing rapidly due to favorable investment regulations, and a swiftly growing economy. Purchasing power of a rapidly urbanizing sizeable population is growing, thus leading to increased demand for residential properties, advanced healthcare and several other products offered by end-use industries where Textile Coatings find applications.

North America and Europe are expected to witness similar growth patterns and a high demand for PU based Textile Coatings due to their applications in a number of end-use industries which are growing in these regions such as clothing, healthcare, and transportation. Meanwhile, the Middle East and Africa market is also expected to witness growth due to the presence of a thriving tourism industry which is expected to result in demand for Textile Coatings in the construction and clothing industries present in this region.

Textile Coatings Market 2018: Research, Share, Competitor Strategy, Industry Trends and Forecast to 2023

Market Scenario
The Textile Coating is a resin coating applied to a textile substrate to improve its overall characteristics. Textile Coating Market is expected to witness lucrative growth during the forecast period due to vast applications in various end-use industries such as clothing, transportation, construction & building, home furnishing, healthcare, packaging, agriculture, and geotextiles.

Competitive Analysis
Some of the key players in the Global Textile Coatings Market are Covestro AG (Germany), Lubrizol Corporation (U.S.) Huntsman International LLC (U.S.), Solvay SA (Belgium), Clariant AG (Switzerland), BASF SE (Germany), Omnova Solutions Inc. (U.S.), Sumitomo Chemical Company (Japan), Formulated Polymer Products Ltd. (U.K), and Tanatex B.V. (Netherlands).

Regional Analysis
The Global Textile Coatings Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.  Asia Pacific is expected to be the largest textile coating market followed by North America and Europe, which is further trailed by the Middle East & Africa and Latin America.

Market Segmentation
The Global Textile Coatings Market is segmented by 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 (silicon, fluoropolymers). Various types of thermoplastics are used as raw materials for the synthesis of textile coatings such as polyvinyl chloride (PVC), polyurethane (PU), acrylics, polyolefins and others. The types of thermosets used are styrene-butadiene rubber (SBR), natural rubber, and others (nitrile rubber, butyl rubber, and others). The PU held the highest share of the global market in 2017 due to its eco-friendly nature and widespread applications in clothing, home furnishing, and construction & building.

On the Basis of the Coating Method, the Global Textile Coatings Market is segmented into the direct coating, direct roll coating, pad-dry-cure coating, foamed & crushed foam coating, hot melt extrusion coating, calender coating, and other. The direct coating is the most commonly used due to low investment cost and easy application.

On the Basis of the End-User Industry, the Global Textile Coatings Market is segmented into clothing, transportation, building & construction, home furnishing, healthcare, and others (packaging, agricultural industry, geotextiles). The clothing industry is one of the largest markets for textile coating due to rising quality standards in developed economies and growing purchasing power & changing lifestyle in developing countries.

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