Textile Coating Market Analysis to 2027 | Global Top 10 Companies, Surges in CAGR Rate, Growth Factors, Business Development and Industry Analysis
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.
On the basis of type of coating, the global textile coatings market 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).
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,...
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