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Published Date: 2017-08-16Number of Pages: 184

Textile Coatings Market (Raw Material - Thermoplastics (Polyurethane, Polyvinylchloride, and Acrylics) and Thermosets (Natural Rubber, Styrene Butadiene Rubber, and Silicones); Technology - Dot Coating and Full Surface Coating; End-user - Geotextiles, Footwear, Upholstery Fabric, Medical Hygiene, and Industrial Clothing) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Global Textile Coatings Market: Snapshot

The demand in the global textile coatings market is projected for a CAGR of 3.9% during the forecast period of 2017 to 2025, gaining traction from the prosperity of a number of end-use industries such as building and construction, automotive, footwear and apparels, medical devices, and protective clothing. On the other hand, environmental concerns regarding these coatings and growing popularity of bio-based alternatives are hindering the desired prosperity of the textile coatings market. In the near future, vendors operating in this market are expected to gain new opportunities from the advent of nanotechnology and microencapsulation in textiles. The global textile coatings market is estimated to be worth US$4,918.5 mn by 2025, considerably up from its evaluated worth of US$3,406.0 mn in 2016.

 

textile coatings market

 

Thermoplastic Based Raw Materials Widely Used

On the basis of raw materials, the global textile coatings market has been segmented into thermoplastic type based, which includes sub-segments of polyurethane, polyvinylchloride, and acrylics, and thermoset type based, with is further bifurcated into natural rubber, styrene butadiene rubber, and silicones. Thermosets segment held a lower share in the market in comparison to thermoplastics segment across the globe. Thermoplastic products are cheaper and efficient, therefore they have high demand in the market. Technology-wise, the global textile coatings market has been segmented into dot coating and full surface coating. As full surface coating completely laminates the textile product the segment has higher demand in the market and is expected to rise at a higher CAGR in the forecast period. The technology is employed to coat products partially (in form of dots). Dot coating technology is employed in various industries such as medical hygiene, upholstery fabric, footwear, and sports products.

As far as end-users are concerned, the report categorizes the global textile coatings market into industrial clothing, upholstery fabric, geotextiles, footwear, and medical hygiene. The first two end-use categories served the most prominent share of the demand in the global market for textile coatings in 2016. Growing demand for protective fabric in various industries is likely to boost the market for textile coatings. Increase in performance requirements, rise in fire safety regulations, and growth in quality are driving the industrial clothing segment. Rise in demand for premium upholstery fabric in automotive interiors, furniture, curtains, etc. is augmenting the demand for textile coatings.

Asia Pacific Most Lucrative Region with Above-average Growth Rate

Geographically, the market for textile coatings has been classified into North America including the U.S., Asia Pacific including China and India, Europe, the Middle East and Africa, and Latin America. While North America and Europe are most lucrative regions in terms of revenue, Asia Pacific continues serve maximum demand for textile coatings in terms of volume, and is projected for an above-average growth rate of 4.3% during the forecast period of 2017 to 2025.  The expansion of the textile coatings market in Asia Pacific is due to the rise in standard of living and growth in population in the region. North America and Europe follow Asia Pacific. The textile coatings market in Middle East & Africa and Latin America held lower share in 2016. The textile coatings market in these regions is estimated to anticipate expand at a sluggish pace during the forecast period.

Some of the key companies currently operating in the global textile coatings market are Clariant AG, The Dow Chemical Company, Covestro AG, BASF SE, and Huntsman International LLC., Lubrizol Corporation, Omnova Solutions Inc., Solvay SA, Sumitomo Chemical Company, and Tanatex B.V.

Global Textile Coatings Market: Overview

Textile coatings are special purpose coatings that are used for coating various textiles, fabrics and yarns to shield the materials from various environmental factors such as heat, dust, soil, water, oil, grease, etc. The coatings are specifically applied on the textiles to keep the material durable and away from damage. Rise in quality and performance standards from end-user industries and improvement in living standard in developing countries across the globe is observed to boost the demand for textile coatings.  

The report estimates and forecasts the textile coatings market on the global, regional, and country levels. The study provides forecast between 2017 and 2025 based on volume (Kilo Tons) and revenue (US$ Mn) with 2016 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the textile coatings market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the textile coatings market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources.

Global Textile Coatings Market: Key Research Aspects

The report includes Porter’s Five Forces Model to determine the degree of competition in the textile coatings market. The report comprises a qualitative write-up on market attractiveness analysis, wherein applications and countries have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for textile coatings between 2017 and 2025.

The study provides a comprehensive view of the textile coatings market by dividing it on the basis of end-use and geography segments. The textile coatings market has been segmented into geotextiles, upholstery fabric, industrial clothing’s, footwear, medical hygiene and others based on end-use. End-users segment have been analyzed based on historic, present, and future trends.

Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

Global Textile Coatings Market: Geographical Segmentation

Regional segmentation includes the current and forecast demand for textile coatings in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for application segments. Key countries such as the U.S., Canada, Germany, France, the U.K., Spain, Italy, India, China, Japan, Australia, New Zealand, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes demand for individual applications in all the regions and countries.

Global Textile Coatings Market: Competitive Landscape

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report includes Archroma, Aurora Specialty Textiles Group Inc., BASF SE, Clariant AG, The Dow Chemical Company, Huntsman International LLC and others. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

The global textile coatings market has been segmented as follows:

Textile Coatings Market – Raw Material Analysis

  • Thermoplastics
    • Polyurethane
    • Polyvinylchloride
    • Acrylics
    • Others
  • Thermosets
    • Natural Rubber
    • Styrene Butadiene Rubber
    • Silicones
    • Others

Textile Coatings Market – Technology Analysis

  • Dot Coating Technology
  • Full Surface Coating Technology

Textile Coatings Market – End-user Analysis

  • Geotextiles
  • Upholstery Fabric
  • Industrial Clothing’s
  • Footwear
  • Medical Hygiene
  • Others

Textile Coatings Market – Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America


 
 
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