Textile Coating Market 2028 By Type, Application and Geography | The Insight Partners

MARKET OVERVIEW

The textile coating is a type of chemical coating which is applied to the material to change or enhance its characteristics. The textile coating is defined as a process of depositing a polymeric resin over a textile substrate on a single or both sides. The textile coating helps in increasing the functionality and durability of the products as it protects the materials from various environmental factors.

MARKET SCOPE

The "Global Textile Coating Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the textile coating market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading textile coating market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on the type, the global textile coating market is segmented into thermoplastics, thermosets, and others.
  
•   Based on application, the global textile coating market is segmented into transportation, building and construction, protective clothing, healthcare, and others.
  

MARKET DYNAMICS
Drivers:

•   The growing clothing industry across the world has led to an increased demand for textile coatings which is driving the growth of the market.
  
•   There has been an increased requirement of upgrading quality standards and various guidelines, mandatory regulations, and procedures for various industries necessitates the need for using textile coating in various industries.
  
•   Various applications of textile coating in the healthcare industry for manufacturing equipment's such as extracorporeal devices, implants, and medical gloves, among others are driving the growth of the market.
  

Restraints:

•   However, the rise in concern about the harmful effects of polyurethane and polyvinyl chloride being used in textile clothing is restricting the growth of the market.
  

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The textile coating market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the textile coating market in these regions.

IMPACT OF COVID-19 ON TEXTILE COATING MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the chemical and material industry in various countries due to lockdowns, travel bans, and business shutdowns. Due to the lockdown implemented across various countries, the manufacturing units were closed which had a negative impact on textile coating market. Along with this, the negative impact on the automotive industry due to the disruptions in supply chain of raw materials and key components has led to a fall in demand for textile coating from the automotive industry. Thus, COVID 19 has had a significant impact on the textile coating market.

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MARKET PLAYERS

The report covers key developments in the textile coating market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from textile coating market are anticipated to provide lucrative growth opportunities in the future with the rising demand for textile coating in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the textile coating market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BASF SE
  
•   Clariant
  
•   Covestro AG
  
•   DSM
  
•   Formulated Polymer Products Ltd
  
•   Huntsman International LLC
  
•   INTEGRA FABRIC COATINGS LTD
  
•   Sarex
  
•   Tanatex Chemicals B.V.
  
•   The Lubrizol Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

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