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The global coated fabrics market is anticipated to grow at a steady rate and will post a CAGR of more than 4% during the forecast period. The increasing need for lightweight automobiles will drive the growth prospects for the global coated fabrics market until the end of 2021. Coated fabrics in the automotive industry are used in various products such as headlining, seating assembly, carpeting, trims, covers, hoses, belts, and airbags. In addition, the use of effective lightweight materials in electric vehicles reduces the overall weight of the automobile by reducing the number of components. One of the major factors responsible for the increasing popularity of lightweight automobiles is the growing need for fuel efficiency to curb emissions.
The increasing demand for non-woven coated fabrics will drive the growth prospects for the global coated fabrics market in the coming years. Non-woven coated fabrics are predominantly used for industrial, hygienic, and medical applications. The conventional form of manufacturing coated fabrics such as PU foam and woven fabrics is now being replaced by non-woven coated fabrics because these fabrics have superior qualities over woven coated fabrics. Some of the functionalities offered by non-woven fabrics are absorbency, liquid repellency, resilience, stretch, softness, strength, flame retardancy, washability, cushioning, filtering, and sterility and barrier to bacteria. Additionally, the cost of production of non-woven coated fabrics is much lesser than that of woven coated fabrics.
The global coated fabrics market is highly fragmented and competitive due to the presence of a large number of regional and international vendors across the globe. It has been noted that domestic vendors often provide strong competition to the global vendors because of better customer relationships. Some of the major factors responsible for the increasing competition in the market include product performance and quality, price, product availability, security of supply, and customer service. Furthermore, these vendors increasingly compete against each other based on factors such as quality, innovation, price, and performance, and customer centrism to gain maximum market traction.
Key vendors in this market are -
Other prominent vendors in the market include Canadian General Tower, ContiTech, Cooley, Dickson, Haartz, Heytex Gruppe, Low & Bonar, Morbern, Mount Vernon Mills, Obeikan Technical Fabrics, SRF, Seaman, Sioen Industries, VERSEIDAG-INDUTEX, and Uniroyal Engineered Products.
The global polymer-based coated fabrics segment accounts for the maximum market share in 2016 and will continue to dominate the market for the next few years. Since the primary requirement of the automotive industry is largely met by vinyl-coated fabrics, a sub-segment of polymer-coated fabrics, the demand for polymer-based coated is expected to increase in the coming years.
In terms of geography, APAC accounts for the maximum market share in 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the market’s growth in the region is the presence of a large number of automotive manufacturers that are largely dependent on coated fabrics for their requirements.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
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