Global coated fabrics market projected to grow at CAGR of 4.1% from 2015 to 2020

08-Jul-15

The coated fabrics market is projected to reach US$23,013 mln by 2020 at a CAGR of 4.1% from 2015 to 2020, as per Research and Markets. The transportation application is anticipated to constitute a major part of the overall coated fabrics market. The protective clothing segment is projected to witness a highest growth rate between 2015 and 2020. The global coated fabrics market is driven by the growing demand from transportation segment along with increasing consumer awareness about safety measures in automobiles. The market in the Asia-Pacific region, with its reviving economy and rapidly expanding commercial and industrial base is projected to experience the highest growth in the market between 2015 and 2020. On the basis of product, this market can be classified into three key segments - polymer, rubber, and fabric backed wall coverings. On the basis of application, the market is segmented into transportation, protective clothing, industrial, contract seating, furniture, awnings & canopies, medical, roofing, and others. The transportation segment is projected to be the largest market due to growing demand for automobiles especially from emerging economies in Asia-Pacific and rising emphasis on road safety.