Textile Coating Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET ANALYSIS

The textile coating deposits a layer of resins or polymer onto one or both sides of a textile substrate. This coating aims to enhance the textile's properties and performance characteristics. The coating material can be applied in various forms, such as liquid, paste, or foam, and it is typically cured or dried to form a solid film over the fabric. The textile coating has several purposes, including improving the textile's durability, water resistance, flame retardancy, abrasion resistance, and chemical resistance. The appearance of the fabric by adding color, texture, and glossy finish can also be enhanced by the textile coatings. Additionally, coating textiles can provide functional properties like breathability, moisture management, and UV protection.

GROWTH DRIVERS AND CHALLENGES

The textile coating market is expected to witness substantial growth during the forecast period. The growth is attributed to its high industry quality standards, which drive the textile coating market. The demand for higher-performing textiles, compliance with safety regulations, customization options, and the desire for value-added products all drive the adoption of textile coatings across various industries. In addition, the increasing need for geotextiles is one of the prominent drivers for the surge in the textile coating market. The increase in geotextile demand due to infrastructure development, environmental regulations, performance requirements, and technological advancements boost the textile coating market. Although, the advancement in production technologies poses a challenge to expanding the textile coating market.

REPORT SEGMENTATION AND SCOPE

The "Global Textile Coating Market Analysis to 2031" is a specialized and in-depth study with a major focus on the global market trends and growth opportunities. The report aims to provide an overview of the global textile coating market with detailed market segmentation by resin type, end use, and geography. The global textile coating market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of textile coating worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the textile coating market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the textile coating market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global textile coating market, which helps understand the entire supply chain and various factors affecting the market growth.

SEGMENTAL ANALYSIS

The global textile coating market is segmented on the basis of resin type and end use. Based on polymer type, the textile coating market is segmented as thermoplastics, thermosets, and others. On the basis of application, the market is classified as, automotive, construction, protective clothing, medical, and others.

Based on resin type, the thermoplastics resin type accounted for a significant share which can be attributed to its popularity across the globe and wide availability. The characteristics of thermoplastic textile coating include versatility, durability, and cost-effectiveness, because of which it is used widely in the textile industry. Thermoplastic coating is made from polymers that can be melted and re-melted multiple times without undergoing any significant chemical change. Additionally, advancements in polymer technology have led to the development of new and improved thermoplastic materials, further expanding the market share of the textile coating market during the forecast period. Furthermore, they show superior fire-retardant properties, because of which they are preferred as a suitable polymer in textile coating applications. Owing to these properties, thermoplastic is widely used in various end-user industries, increasing the demand for textile coatings in the forecast period.

REGIONAL ANALYSIS

The report provides a detailed overview of the global textile coating market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific is estimated to account for a significant share of the market. The region is the leader in textile coating manufacturing, with the growth from the construction industry, medical, clothing, home, and furnishing industries, and growing demand for protective textiles. The demand for clothing is increasing in China, India, and Japan because the textile coating is common in cut-resistant materials, gloves, clean rooms, high visibility clothing, fire, and bad weather.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

• May 2023: BRUCKNER will show the next stenter generation POWER-FRAME SFP-4 with many new features: new electric / hydrogen-powered heating systems, intelligent software solutions for optimizing formulas, systems for heat-recovery and exhaust air purification, innovative application systems for chemicals, and newly developed machine concepts.
• May 2023: Chinese scientists claim to have developed a new nano-coating for textiles that means oil-based stains can be washed off fabrics without using detergents.

IMPACT OF COVID

The recent coronavirus outbreak harmed the textile coating market as new store openings were ceased, and even domestic retailers experience inventory issues due to a large volume of unsold consignments as there was a decrease in demand for textile merchandise. Moreover, the various disruptions and delays in 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. Cash shortages further harmed the business community, causing disruptions in supply chains and labor-related issues. These determinants immensely weighed down the market's revenue curve, as mentioned above. On the brighter side, the market is predicted to revive as individual regulatory bodies relax these enforced lockdowns. The suspended and canceled procedure will promote, and as a result, the market is assessed to grow.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the wood fencing market include, Covestro AG, Impreglon UK Limited, Archroma, Formulated Polymer Products Ltd, BASF SE, The Lubrizol Corporation, Sarex, Tanatex Chemicals, Aurora Specialty Textiles Group Inc, Huntsman International LLC, Clariant, Arkema group and Nano-Care Deutschland AG among others.

REGIONAL FRAMEWORK

Textile Coating Market Report Analysis

MARKET PLAYERS

Textile Coating Market Report Scope

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