Global coated fabrics market expected to grow at CAGR of 4.1 per cent.

A report Coated Fabrics Market, By material type, By application By region- Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030 by ResearchAndMarkets.com claims that the global coated fabrics market is poised for substantial growth, projected to surge from US US $ 21.6 billion in 2022 to an estimated US $ 29.79 billion in 2030, registering a notable CAGR of 4.1 per cent.

Enhancing safety and sustainability, coated fabrics, treated with polymers and rubber, offer a range of benefits including water-resistance, UV-resistance, and resistance to dirt and oil.

These fabrics excel in durability, weather-resistance, and corrosion-resistance, making them integral in sectors like protective clothing, furniture, roofing, and various industrial applications.

The robust growth of this product category can be attributed to the heightened focus on safety measures and stringent industry regulations, particularly in sectors like automotive, chemicals, and oil & gas.

The rising demand for eco-friendly materials has further propelled the coated fabrics market. These fabrics present a sustainable alternative, being produced from diverse materials such as natural fibres (cotton, hemp) and recycled materials (plastic bottles).

The market is also set to benefit from the growing demand for fabrics with water resistance and high flame properties. This trend is expected to amplify the use of coated fabrics in various applications during the forecast period.

Saint Gobain S.A, Bayer AG, PPG Industries, Akzonobel N.V, 3M Company, Valspar Corporation, E.I. du Pont de Nemours and Company, BASF SE Paints, Nippon Paints, Sherwin Williams are some of the leading companies in this segment.