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

Textile Coating Market Size and Forecasts (2021 - 2031), Global and Regional Growth Opportunity Analysis, and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00006869
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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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 2030" 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.


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REGIONAL FRAMEWORK
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

The List of Companies

1.BASF SE
2.Clariant
3.Covestro AG
4.DSM
5.Formulated Polymer Products Ltd
6.Huntsman International LLC
7.INTEGRA FABRIC COATINGS LTD
8.Sarex
9.Tanatex Chemicals B.V.
10.The Lubrizol Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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