The increased usage of the product in the fabrication of industrial items like as conveyor belts and PTFE tapes can also be contributed to the increase. Furthermore, the industry is likely to profit from an increase in the usage of coated textiles as low-cost alternatives to leather for trimmings and upholstery. Manufacturers are likely to focus on R&D due to factors such as unpredictable raw material prices and severe environmental protection requirements. Furthermore, technical advancements aiming at lowering raw material prices and attaining faster and more efficient production are projected to fuel development.

The sector is very capital demanding, which will be a barrier to new market entrants. The availability of a high number of replacements is predicted to result in purchasers having little negotiating power. Emerging technologies such as plasma coating, nanomaterials, and inkjet deposition, on the other hand, are likely to present the market with good potential.

Polymer coated textiles are predicted to dominate the coated textiles market due to rising demand for airbags in vehicles and protective garments. The expanding automotive manufacturing in Asian nations such as China and India are predicted to drive up demand for polymer coated textiles substantially during the predicted period.

Product Segment

The coated fabric market may be divided into three categories based on product type: polymer, rubber, and fabric backed wall coverings. In 2020, the polymer sector dominated the global market. The segment is expected to grow at a quicker CAGR than the other segments. Polymer coated textiles are extremely fire, water, and abrasion resistant. They are less expensive than other product types. As a result, demand for these coatings is stronger than for others. Factors such as increased demand from transportation, protective apparel, and industrial applications, as well as the adoption of severe government laws demanding the supply of worker safety, are projected to drive the worldwide polymer coated textiles market. Because of its low weight and adaptability to a wide range of coatings, nylon is the most often used coated fabric substrate when compared to its equivalents such as polyester.

Application Segment

The coated fabric market may be divided into transportation, protective apparel, industrial, furniture, and others. In 2020, transportation accounted for the lion's share of the market. Its market share is expected to grow further in the coming years. The transportation segment is likely to grow throughout the projected period due to increased demand for coated textiles in vehicle, airplane, railway, and marine applications. Coated fabric is in great demand in the transportation industry because it is rot-proof, filth and oil-repellent, mildew resistant, water resistant, and UV resistant. In 2020, the others group likewise had an average market share. It includes protective coatings, industrial coatings, and furnishings. The product is utilized in the manufacturing of industrial uniforms, masks, hand gloves, and so on. Industrial employees labor in harsh conditions, thus the uniform they wear must be fireproof, oil repellent, water repellent, and resistant to other dangerous substances. Coated textiles are therefore employed in industrial textiles.

In 2019, Asia Pacific held the largest share of the global coated textiles market, followed by North America and Europe. The region's demand for coated textiles is being driven by the expansion of industries in developing nations such as China and India. High economic growth and considerable expenditures in industries like as oil and gas, automotive, and construction are likely to drive the region's coated fabric market. Increased automotive sales, as well as increased government laws demanding the installation of safety measures, are boosting the coated textiles market in the Asia Pacific region..

Key manufacturers operating in the global coated fabrics market include Omnova Solutions, Takata Corporation, Saint-Gobain, Canadian General Tower, Bo-Tex Sales Co., Mauritzon Inc., ContiTech AG, Isotex S.p.A., and Graniteville Specialty Fabrics.