The global elastomer coated fabrics market is anticipated to grow at a CAGR of around 3.9% during the forecast period (2024-2031). The growth in automotive sector is the major factor creating the wide scope for elastomer coated fabrics market in Asia-Pacific. Moreover, the high availability of fabric raw material in the region is boosting the market growth. In Asia-Pacific, China is the major economy contributing significantly to the market growth owing to the presence of high population base, and demand for automobiles due to the increase in disposable income levels. According to the China Association of Automobile Manufacturers, over 27 million vehicles were sold in 2018, and automobile output will reach 30 million units by 2020 and 35 million by 2025. This led to the more demand for elastomer coated fabrics during the forecast period. Coated fabrics are specialized coated woven or non-woven cloth made from elastomers or polymers, depending upon the intended application. Coating might be applied to surface or saturated into the material’s bulk.The properties possessed by elastomer coated fabrics such as abrasion resistance, high frequency (HF) weldability, resistance to water, mildew, or sunlight makes them demand in automotive sector. .
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Moreover, increasing R&D towards creating low cost and environmentally safe elastomer coated fabrics coupled with elevated investment from market players towards finding superior coating material will accelerate the market growth. In 2017, ZC Rubber and the Ningbo Institute of Materials Technology & Engineering, Chinese Academy of Sciences, had built a new R&D center for rubber and environmentally-friendly materials. The facility is highly focused on the development of rubber and materials for smart production, new energy, and green material.
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Market Coverage
- Segment Covered-
o By Product
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Continental AG, Low & Bonar PLC, Omnovo Solutions Inc., Saint-Gobain SA, Seaman Corp, SRF Ltd., Trelleborg AB
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Elastomer Coated Fabrics Market Report Segment
By Product
- Silicone Coated Fabrics
- TPU Coated Fabrics
- TPO Coated Fabrics
- Rubber Coated Fabrics
By Application
- Transportation
- Protective Clothing
- Industrial
- Roofing
- Awnings, & Canopies
- Furniture & Seating
- Others
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