Engineered Coated Fabrics Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Engineered Coated Fabrics Market is segmented By Coating Type (Polyurethane Coated Fabrics, Rubber Coated Fabrics, Silicone Coated Fabrics, Others (Vinyl-coated)), By End-User (Automotive, Aerospace, and Defense, Oil & Gas, Marine, Others (food processing, healthcare, consumer goods)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Engineered Coated Fabrics Market Overview

Report analyses the Global Engineered Coated Fabrics Market size, shares, recent trends, competitive intelligence, and future market outlook. Demand from Oil & Gas, Marine, Automotive, Defense in Asia Pacific is booming. Competitive rivalry intensifies with Lamcotec Inc, Vintex Inc, Boeing and others operating in the market.

• Engineered coated fabrics are sturdy, durable fabrics coated with a combination of technical fibers and specialty polymers with a range of applications for an outdoor environment where strength, protection, and impermeability are essential.

• Engineered-coated fabrics are being used for high-end applications in various end-user industries, propelling market growth. The usage of engineered coated tissues in end-products is governed and monitored by federal regulations such as the FAA’s Technical Standard Order (TSO) C69 about the aerospace industry and the EPA’s Textile Mills Effluent Guidelines for the application of fabrics in textile industries.

Engineered Coated Fabrics Market Scope

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Engineered Coated Fabrics Market Dynamics

• The growth in the application of engineered coated fabrics in the automotive and aerospace industry, along with the rise in demand for lightweight products, the development of new high-performance materials, and the implementation of stringent government regulations are the major growth factors positively impacting the market growth.

• The continuous gain in market share of usage of engineered coated fabrics in automotive, marine, oil & gas, and aerospace industries, with a growing market penetration of specialty coated polymers and textiles, has further driven the market growth. The key market players also focus on new product launches to expand their product portfolio and market reach.

• For instance, in January 2017, Trelleborg Engineered Coated Fabrics launched its enhanced portfolio of quality polyurethane, rubber, and silicone-coated fabrics for medical applications to meet the growing demand for coated fabrics in medical, orthopedic, and surgical applications.

• The increase in environmental awareness and concerns related to the use of hazardous chemicals in the production of coated fabrics and the availability of eco-friendly substitutes such as super-water-repellent fabrics and the launch of the Zero Discharge of Hazardous Chemicals (ZDHC) program are the significant factors acting as barriers to market growth.

• For instance, in February 2016, Covestro Polymers (China) Co. Ltd. launched Insulin, which is a ZDHC, bluesign®, and Oeko-Tex® compliant product, looking to eliminate environmental risk and reduce carbon footprint.

• The continued investment by manufacturers into improving the product performance of coated fabrics and the rise in the application of end-products in end-user industries would present new business opportunities for growth and expansion to significant market players.

Engineered Coated Fabrics Market Segmentation Analysis

• The global engineered coated fabrics market is segmented by coating type into polyurethane-coated fabrics, rubber-coated fabrics, silicon-coated fabrics, and others.

• The polyurethane-coated fabrics segment is the leading segment by market share owing to its improved mechanical properties and resistance to UV radiation while being waterproof and lightweight at the same time. The increase in the application of polyurethane-coated fabrics in antistatic oil seals, flexible ducting, bellows, curtains, pipe plugs, lifting bags, water weights, Anti-decubitus air cells, and fast deployment tents is further expected to boost the market share of the segment.

• By end-user, the global engineered coated fabrics market is categorized into automotive, aerospace and defense, oil & gas, marine, and others including food processing, healthcare, and consumer goods. The automotive sector is expected to remain the most dominant segment over the forecast period owing to the high demand for lightweight and durable parts aimed at achieving higher fuel efficiency and reduction of greenhouse gas emissions.

• The aerospace sector would witness a faster growth rate, buoyed by the implementation of stringent government regulations aimed at addressing safety concerns and the application of coated fabrics in ballistic jackets, safety floats, and other defense applications.

Global Engineered Coated Fabrics Market Geographical Share

• The global engineered coated fabrics market is segmented by geography into North America, South America, Europe, Asia-Pacific, and the Rest of the World (RoW).

• North America is the leading regional segment by market share owing to the high demand for engineered coated fabrics in the matured market sectors of the automotive and aerospace industries.

• The region is expected to dominate the market as an increase in demand for lightweight and durable parts to be used as vehicular components would boost the market revenue. The presence of key market players in the region such as OMNOVA Solutions Inc. and Uniroyal Global Engineered Products, Inc. will also help drive overall market growth.

• The region of Asia-Pacific might witness the fastest growing rate influenced by substantial investments in improved product quality of transportation and marine sectors, with China, Japan and India expected to become the critical contributors behind the regional market growth. The increase in automobile production catering to the rising population of emerging countries, coupled with the growing textile industry and increased defense spending will be the main factors of growth driving the market growth.

Engineered Coated Fabrics Market Companies and Competitive Landscape

• The competitiveness of engineered coated fabrics is increasing, with all significant players focusing on product innovations and mergers & acquisitions to strengthen their market position and maintain a competitive edge over others.

• The market is dominated by key players such as ContiTech AG, Fothergill Polycom Ltd., Graniteville Specialty Fabrics, and OMNOVA Solutions Inc. The companies are focused on acquisitions and mergers to increase their global footprint and expand their product portfolio.

• For instance, in July 2018, Sweden-based Trelleborg AB acquired US-based Laminating Coating Technologies Inc. (Lamcotec), as part of its business strategy to strengthen its polyurethane-coated and laminated fabrics portfolio for use in the aerospace and healthcare industry.

Key Takeaways

• The polyurethane-coated fabrics segment is the leading market sector owing to improved mechanical properties and resistance to UV radiation, with silicone-coated fabrics also expected to witness stable market growth for use in environments that require high heat or flame resistance and chemical resistance.

• North America is the leading region by market share, influenced by the growing demand for lightweight, high-strength materials to be applied in the automotive, aerospace, and marine industry. Asia-Pacific is expected to witness the fastest growth rate with China and Japan being the key contributors to growth.

• The market witnesses intense competition among key players looking to increase sales revenue through new product launches and acquisitions. For instance, in July 2018, SRF Limited announced the setting up of a polyester film and resin plant in Thailand to focus solely on the increase in production capacity of engineered coated fabric end-products and expand its global presence.

The Scope of the Report

• The report covers the factors impacting the market, Porter 5 Forces, Competitive Scenario, Price trend analysis, Product Benchmarking, and company profiles.

• Engineered Coated Fabrics Market is segmented into coating types such as polyurethane-coated fabrics, rubber-coated fabrics, silicon-coated fabrics, and others. Based on end-user, the market is categorized into automotive, aerospace and defense, oil & gas, marine, and others. Geographically, the market is segmented into – North America, South America, Europe, Asia Pacific, and the Rest of the World.