Innovative Technology Leads to Boost the Global Textile Coatings Market
According to a new report published by Reports Monitor titled, “Textile Coatings Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Textile Coatings Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific region accounts to hold the major share. There is a growing demand for textile coatings in the textile industries especially in the countries such as China and India which may boost the market in this region.
The process of depositing a resin over a textile substrate, on one or two sides is known as textile coatings. There are various different procedures for the coating of textiles and not all are appropriate for all products or substrates.
Introduction of innovative technology and product accounts to fuel the market growth. Rising performance standards in end-user industries, quality standards and fire safety regulations are some of the factors propelling the growth of the market. Moreover, there are number of other factors driving the market which includes increasing demand for water proof, high quality, and heat resistant fabrics. Besides, overview of the nanotechnology in coating fibers is predicted to open up new growth opportunity in the market. However, growing concerns towards PVC textile coatings and growing threats from bio-based alternatives may hamper the growth of the market.
Based on the segmentation, the market is bifurcated into type of polymer, fabric coating, end-user, and region. According to the type of polymer, the market is segmented into natural rubber, polyvinyl chloride (PVC), silicone, and polyurethane. Depending on the fabric coating segment, the market is fragmented into yarn level, filament or fiber level, and fabric level. Based on the end-user, the market is divided into packaging, construction, medical, clothing, agriculture, sport, home furnishing, and transportation.
The major companies in the report include: Nobletex Industries Limited, Ajy Tech India Pvt., Ltd., William Birch Engineers Limited, Visen Industries Limited, DSM, PNP Polytex Pvt. Ltd, and Schaette America Inc.
Various development strategies such as acquisition, product launch, partnership, collaboration, and others are adopted by different players to sustain the growth of the market.
Key Question Answered: •What will be the market size in 2025 and at what rate it will grow? •Who are the major key players in global textile coatings market and what are their strategies? •Which vertical industry is expected to show major growth? •What segment and region will lead the market and why?
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