Textile Coatings Market

About the Report

According to Fact.MR, the global textile coatings market is slated to surpass US$ 5 billion, expanding at a steady CAGR of around 4% across the forecast period. Demand is receiving impetus across such key application areas such as medical hygiene product manufacturing, industrial clothes, geotextiles, and sports apparel.

End-use industries are especially inclining towards polyurethane thermoplastic-based textile coatings, attributed to their robust quality and high abrasion resistance property. This new Fact.MR report tracks global sales of textile coatings in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the chemicals & materials domain in general, and textile coating demand in particular.

Historical Trends Compared to Future Market Outlook

As textile applications across multiple industries increase, approaches to improve their manufacturing capacities are also transforming, paving the way for new production technologies. Rising demand to make textiles more resilient and durable are pushing up demand for high-grade textile coatings.

Demand was significantly impacted during the first half of 2020, attributed to shortfalls in textile production due to lockdowns imposed to curb the spread of COVID-19. Fortunately, prospects widened since Q4, as restrictions gradually eased. Future deployment is majorly reliant on extensive developments across key developing regions across the Asia Pacific.

How is a Flourishing Global Textile Industry Opening Up Avenues for Textile Coating Manufacturers?

The global textile industry is worth US$ 3 trillion, including production, refinement and sale of both synthetic and natural fibers used in multiple industries, employing between 20 million and 60 million people, accounting for 2% of the global GDP. As of 2020, the industry surpassed US$ 1 billion.

Attributed to these promising trends, the scope for textile coatings is bound to increase multifold in forthcoming years. Multiple application areas have opened up for textile coatings, ranging from industrial clothing to medical hygiene products, prompting key manufacturers to introduce innovative product ranges imparting enhanced strength and resistance.

Why are Geotextiles Spurring Demand for Textile Coatings?

Geotextile is a synthetic permeable textile material used to improve the soil characteristics. It has the ability to separate, filter, reinforce, protect and drain when used in association with soils.

Geotextiles are ideal materials for many infrastructure works such as roads, harbors, landfills, drainage structures, and other civil projects.They are highly suitable for offering protection from erosion of earth embankments by wave action, currents or repeated drawdown. Hence, their production is increasing on a massive scale, paving way for increased adoption of textile fibers.

Country-wise Analysis

How Will the U.S. Provide Sales Boost to Textile Coatings Over Coming Years?

The U.S. is expected to surpass US$ 1 billion with respect to textile coatings manufacturing in the forthcoming years, majorly underpinned by extensive uptake in industrial clothing, particularly across the construction sector. Construction clothing is primarily worn to prevent unwanted injuries and accidents at construction sites.

Furthermore, growth is expected to acquire traction across the sports & leisure sector as well, attributed to increasing participation in sporting events by prominent athletes and sportspersons. Major emphasis is on incorporating green textile coatings to reduce environmental footprint.

Why are Textile Coating Sales Prospects High across India?

India is expected to generate high growth opportunities for textile coatings, with extensive uptake across domestic textiles and apparel manufacturing. The India Brand Equity Foundation (IBEF) estimates the domestic textiles and apparel market was valued at US$ 100 billion in FY 19.

As per its findings, foreign direct investment worth nearly US$ 4 billion was experienced between April and December 2020, with the Indian government permitting a 100% investment rate through automated channels. Hence, several coatings manufacturers are experiencing immense scope.

Will Textile Coating Demand witness an Upswing in China?

The Chinese textile industry is the world’s largest textile market, both in overall production and exports. As of 2013, the country exported US$ 274 billion, accounting for 43.1% of global clothing exports, contributing to 7% of the country’s GDP.

The industry is receiving a credible boost due to the ‘Made in China’ campaign. This is generating heightened demand for effective coatings which are highly durable, resistant and offer high abrasion resistance. Numerous regional manufacturers currently operate within the Chinese landscape.

Category-wise Insights

Why are Polyurethane (PU) Textile Coatings Surging in Popularity?

By raw material, thermoplastics are expected to account for 4 out of 5 sales through 2031, with demand for polyurethane coatings expected to witness maximum adoption, as it offers high abrasion and cut & tear resistance among other benefits.

Key manufacturers, such as Covestro AG, are embracing green production technologies to make further breakthroughs. It has invested in the Insqin TM polyurethane dispersion chemistries to enhance and transform textiles, encompassing a broad range of waterborne PU dispersions which eliminates pollution risk.

Why are Medical Hygiene Products Generating High Demand for Textile Coatings?

As the medical industry expands, demand for such hygiene products as gloves, surgical covers, clothing and wipes, caps, masks and hospital bed products are inclining massively, generating demand for robust textile coating-based material.

Players such as Endura Coatings offer high grade medical products based coatings which are anti-corrosive, anti-microbial, chemically inert and dry lubrication among other benefits.

Competitive Landscape

Prominent manufacturers are reliant on a host of expansion strategies, ranging from widening existing product portfolios to entering collaborative agreements with existing players, mergers & acquisitions and capacity expansion measures.

• In April 2021, BASF SE announced the strengthening of its innovation capabilities in Asia by breaking ground for the third phase of its Innovation Campus Shanghai to include an additional R&D workshop building
• In July 2020, major construction and engineering group Technip FMC entered a joint development agreement with Clariant Catalysts to commercialize its Acrylo Max propylene ammoxidation catalyst for producing fiber intermediate acrylonitrile (ACN)

*This list is indicative- full details about prominent market players is available upon request.

Report Scope

Key Market Segments Covered

• Technology

  • Dot Textile Coating Technology
  • Full Surface Textile Coating Technology

• Raw Material

  • Thermoplastic Textile Coatings
    • Polyvinyl Chloride (PVC) Textile Coatings
    • Polyurethane (PU) Textile Coatings
    • Acrylic Textile Coatings
    • Other Thermoplastic Textile Coatings
      • Polyolefins
      • Nylon
  • Thermoset Textile Coatings
    • Styrene Butadiene Rubber (SBR) Textile Coatings
    • Natural Rubber Textile Coatings
    • Other Thermoset Textile Coatings
      • Nitrile Rubber
      • Butyl Rubber
  • Other Textile Coatings
    • Silicone
    • Fluoropolymers

• End Use

  • Textile Coatings for Geotextiles
  • Textile Coatings for Upholstery Fabric
  • Textile Coatings for Industrial Clothing
  • Textile Coatings for Sports & Leisure
  • Textile Coatings for Medical Hygiene Products
  • Textile Coatings for Other End Uses

• Region

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • U.K
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • India
    • Japan
    • China
    • South Korea
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of MEA

Textile Coatings Market - Scope of Report

A recent study by Fact.MR on the textile coatings market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering textile coatings.

The study also provides the dynamics responsible for influencing the future status of the textile coatings market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing textile coatings, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of textile coatings across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of textile coatings during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

• Which are the most lucrative markets for textile coatings?
• Which factors will impact the growth of the market?
• How will changing trends impact the strategies of market players?
• How can market players capture the low-hanging opportunities across regions?
• Which companies are leading the textile coatings industry?
• What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Market estimates at global and regional levels for textile coatings are available in terms of “US$ Mn” for value and in “000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global textile coatings market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the textile coatings market during the forecast period.

Country-specific valuation on demand for textile coatings has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

In-depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of textile coatings, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering textile coatings has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the textile coatings market, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.