Rubber Coated Fabrics Market
Rubber Coated Fabrics Market (Coating - Transfer Coating, Direct Coating, and Solidification Coating; Material - Natural and Synthetic; Application - Industrial, Defense and Public Safety, Construction, Aerospace, and Automotive) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022
Press Release :
Global Rubber Coated Fabrics Market: Snapshot
The global rubber coated fabrics market is prognosticated to invite a growing demand in the near future on account of resistant to degradation, flexibility, elasticity, and durability properties. Some of the major applications of rubber coated fabrics could include protective garments, truck covers, aprons, gymnasium mattresses, lifeboats, boats, rainwear, food conveyor belts, storage bags, and automotive upholstery.
Developing countries in Asia Pacific except Japan (APEJ) are foretold to continue to drive the demand for rubber coated fabrics on the back of improving industrialization and advancement in technology. The swift rise in consumer interest for home interior decoration and swelling public infrastructure expenditure could be key factors improving the demand in the global rubber coated fabrics market. Furthermore, there could be a bettering demand coming from the commercial and industrial sectors in the coming years.
As per the analysis of the report authors, the global rubber coated fabrics market is envisaged to register a CAGR of 5.0% for the forecast period 2017–2022. In 2017, the market had secured a valuation of US$1,593.9 mn. However, by 2022, it is envisioned to reach a US$2,030.6 mn.
Transfer Coating to Overthrow Other Segments with Overpowering Share
The world rubber coated fabrics market is anticipated to be divided according to three categories, i.e. coating type, material type, and application. In terms of coating, the market could receive a strong impetus from the larger revenue share of transfer coating rubber coated fabrics market. By the end of 2022, transfer coating is forecasted to attract a valuation of around US$790.5 mn. However, there could also be other segments in the race of attaining the most share in the market, viz. direct coating and solidification coating.
By type of material, the world rubber coated fabrics market could see a segregation into natural and synthetic segments. In respect of application, there could various classifications for rubber coated fabrics such as industrial, defense and public safety, construction, aerospace, and automotive. Each of these segments are thoroughly evaluated while considering their market size and forecast for the review period 2012–2022. Moreover, the segments are meticulously studied based on Y-o-Y growth, market share, and revenue comparison by region.
APEJ to Introduce as One of Most Attractive Regions in View of Revenue
Regionally, the international rubber coated fabrics market is predicted to find prospects in different regions of the world such as North America, Latin America, APEJ, Europe, and the Middle East and Africa (MEA) and countries such as Japan. According to the expert analysis offered in the publication, APEJ could take a leading position in the market while expanding at a 5.3% CAGR.
Europe could be another lucrative region for the sale of rubber coated fabrics as it is projected to collect a revenue of US$532.1 mn by 2022 end. More is expected of North America and the MEA in terms of share considering their decent growth in the international rubber coated fabrics market. Japan, however, could showcase a lethargic growth in future.
Important companies such as Montaplast GmbH, Trelleborg AB, Packing Private Limited, Ravasco Transmission, and Zenith Industrial Rubber Products Ltd. are expected to impress with their dominating presence in the worldwide rubber coated fabrics market.
Manufacturers Harness Advanced Know-how to Improve Product Performance to Meet Needs of Rubber Coated Fabrics
Rubber coated fabrics are produced using technical-grade polymers usually elastomers which find use in wide range of industrial applications. Some of the key end-use industries in the rubber coated fabrics market are aeronautic and space, marine automobile, yachting, environment, defense, transport, and industry. Some remarkable advances have been made in the use of fabrics for fabricating flexible composite materials to meet the range of demands in the end-use industries. A case in point is the growing research and development interest in Kevlar, a high performance polymer for technical grade fabrics. The demand for coating fabrics with rubber materials stems from the various functional needs for fabrics, such as the need for barrier protection, air retention, abrasion resistance, flex resistance, and resistance to gases. An example is the widespread demand for these in the aerospace industry. Industry players aiming for sizable stakes in the rubber coated fabrics market during the forecast period are leaning on not just meeting the current applications but are also keen on emerging applications. To this end, they are exploring the material characteristics of blended polymers, and are leveraging cutting-edge specification testing technologies.
A growing number of companies in the value chain in the rubber coated fabrics market have also been leaning on strengthening their production and supply chain capabilities. The COVID-19 pandemic and its outbreaks majorly in 2020 led to several restrictions pertaining to supply chain, manufacturing production, logistics and operations, and retail sales in businesses across the industries. Overall, the pandemic-led lockdown caused massive disruptions across economic activities and firm production, derailing the economic growth in a few countries. In some economies, businesses had to shift to new strategic frameworks to ensure that industries retain their bottomline and minimise the losses. The rubber coated fabrics market also faced constraints on the raw materials availability. However, gradually improving levels of business and consumer demands have been adding momentum to the pace of industrialization, fueling the demand for rubber coated fabrics.
Global Rubber Coated Fabrics Market: Overview
The global rubber coated fabrics market is envisioned to draw a rising growth in the next few years in view of the prospering success of the transportation and automotive industries. Since its restoration after the financial meltdown in 2008, the automotive sector is expanding at a telling rate. Transportation could be a faster growing application of rubber coated fabrics. They could find an extensive usage in marine, railway, aircraft, and automobile applications. Since safety is a critical consideration of automobile manufacturers, rubber coated fabrics could be demanded for a broad scope of automotive uses, including interior and exterior.
Global Rubber Coated Fabrics Market: Dynamics
The world rubber coated fabrics market is prognosticated to be advantaged by the growing count of end-use industries and the increasing demand therein. Awnings and canopies, roofing, furniture and seating, industrial, protective clothing, and transportation could be some of the chief end users of rubber coated fabrics. Rubber coated fabrics could find various applications due to their multitudinous advantages such as improved elasticity, high tensile strength, waterproof and fireproof finish, and easy cleaning support. Moreover, such fabrics could rake in a significant demand in the coming years owing to their anti-fungus, anti-bacterial, and anti-static characteristics.
The report presented herewith is considered to be a complete representation of the world rubber coated fabrics market with all vital statistics and trends brought to light. Readers are expected to gain a sound understanding of the future circumstances of the market and how to deal with growth deterrents.
Global Rubber Coated Fabrics Market: Segmentation
As analyzed by experienced researchers, the international rubber coated fabrics market is anticipated to be segregated into transfer coating, direct coating, and solidification coating as per type of coating. Amongst these segments, transfer coating rubber coated fabrics could clutch a lion’s share of 38.9% in the market by 2022 end. Transfer coating is predicted to register an absolute growth of US$28.6 mn annually, which could be greater than any other segment in the category.
According to material type, the international rubber coated fabrics market is expected to testify the presence of two major segments, viz. natural and synthetic.
As per the classification by application, there could be several international markets existing for rubber coated fabrics such as industrial, defense and public safety, construction, aerospace, and automotive.
On the geographical front, the international rubber coated fabrics market is envisaged to witness the rise of Asia Pacific except Japan (APEJ) as a region with larger revenue. APEJ could gain 44 BPS in its share by the end of 2022. The researchers also identify other markets such as North America, Latin America, Europe, Japan, and the Middle East and Africa (MEA) to be important for the growth of rubber coated fabrics.
Global Rubber Coated Fabrics Market: Competition
In the report, superior market players, viz. Montaplast GmbH, Trelleborg AB, Packing Private Limited, Ravasco Transmission, Zenith Industrial Rubber Products Ltd., ContiTech AG, White Cross Rubber Products Ltd., Longwood Elastomers SA, Fabri Cote, Colmant Coated Fabrics, and Takata Corporation, are comprehensively profiled.