PUNE, India, November 2, 2016 /PRNewswire/ --
The report "Coated Fabrics Market by Product (Polymer, Rubber and Fabric-backed wall coverings) Application (Transportation, Protective Clothing, Industrial, Awning, Roofing & Canopies, Furniture & Seating) - Global Forecast to 2021", published by MarketsandMarkets, the global market is projected to reach USD 24.91 Billion by 2021, at a CAGR of 4.1% in terms of value, during the forecast period, 2016 to 2021.
Browse 152 market data Tables and 44 Figures spread through 279 Pages and in-depth TOC on "Coated Fabrics Market"
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The increased demand for coated fabrics from transportation, roofing, awnings & canopies, industrial, protective clothing, furniture & seating, and other applications are driving the global coated fabrics market.
"Transportation is the largest application segment in the global coated fabrics market"
The transportation application accounts for the largest share in the global coated fabrics market and is expected to grow at the fastest rate for the forecast period. The transportation segment is projected to drive the global coated fabrics market from 2016 to 2021 due to the increasing usage of polymer and rubber coated fabrics in automobile, aircraft, railways, and marine applications. Coated fabrics are used in the transportation application as they are rot-proof, dirt & oil-repellent, mildew resistant, water resistant, and UV resistant. They improve material durability, and are weather & corrosion resistant. They also provide improvements in passenger safety and provide superior comfort in seating.
"Polymer coated fabrics are expected to witness highest growth"
The market of polymer coated fabrics is expected to be the highest growing in the coated fabrics market during the forecast period. Polymer coated fabrics have advantages such as high resistance to fire, water, and abrasion, and are relatively inexpensive compared to the other coated fabrics. Factors such as the growing demand from the transportation, protective clothing, and industrial applications, increasing safety concerns, and stringent government regulations requiring the provision of safety to workers, are expected to drive the global polymer coated fabrics market.
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"Asia-Pacific is the biggest market for coated fabrics"
The Asia-Pacific region led the global coated fabrics market in 2015. The demand for coated fabrics in the Asia-Pacific region is mainly driven by growing industrialization, high economic growth and heavy investments in industries such as oil & gas, automotive, infrastructure, chemical, and steel & military. Moreover, growing automobile sales and increasing government regulations requiring the implementation of safety measures are also driving the region's coated fabrics industry.
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