Textile Coatings Market | Research Insights, Business Outlook, Company Profiles, Trends and Forecast 2019-2023

20/mar/2019 11:00:36 Market Research Future Contatta l'autore

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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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