Polymer Coated Fabrics Market Estimated To Be Worth US$26.92 Bln By 2026

Polymer coated fabrics market estimated to be worth US$26.92 bln by 2026

02-Dec-16

Polymer coated fabric market size is projected to reach US$26.92 bln by 2026, at a CAGR of 4.2% in terms of value, during the forecast period, 2016 to 2026, as per MarketsandMarkets.
Transportation accounts for the largest share in the global polymer coated fabrics market and is expected to grow at the fastest rate for the forecast period. The transportation segment is projected to drive the polymer coated fabrics market from 2016 to 2021, due to the increasing usage of polymer coated fabrics in the automobile, aircraft, railways, and marine applications. Polymer coated fabrics are used in the transportation application as these are rot-proof, dirt & oil-repellent, mildew resistant, water resistant, and UV resistant. They improve material durability, and are weather & corrosion resistant. They also help to provide improvements in passenger safety and superior comfort in seating.

Vinyl coated fabrics accounts for the largest share in the global polymer coated fabrics market and is expected to grow at a high rate for the forecast period. This is due to the fact that PVC is the most used coating for various applications due to its low cost, easy weldability, and the availability of a range of colors. Factors such as the growing demand from the transportation, protective clothing, and industrial applications, increasing safety concerns, and stringent government regulations for the provision of safety to workers are expected to drive the vinyl coated fabrics market.
The Asia-Pacific region led the global Polymer Coated Fabrics Market in 2015. The demand for polymer coated fabrics in the Asia-Pacific region is mainly driven by the 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 on safety measures have led to the high growth in the region's polymer coated fabrics industry.