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Textile Coatings Market

Textile Coatings Market

Textile Coatings Market Size, Share Analysis by Technology (Dot Textile Coating Technology, Full Surface Textile Coating Technology), by Raw Material (Thermoplastic Textile Coatings, Thermoset Textile Coatings), by End Use (Geotextiles, Upholstery Fabric, Industrial Clothing) & Regional Forecast, 2021-2031

Textile Coatings Market
FACT6090MR

Market Snapshot

A recently published report by Fact.MR establishes that the global market for textile coatings is anticipated to register steady growth, surging nearly 1.5x across the forecast period ranging from 2021-2031. According to the report, a valuation of US$ 3.4 Bn by 2021, ultimately reaching US$ 5 Bn by 2031. Demand for thermoplastic polyurethane coatings will account for 4/5th of total sales.

Market Size (2021) US$ 3.4 Bn 
Value CAGR (2021-2031) 4%
Market Size (2031) US$ 5 Bn 
Fastest Expanding Market China

Key Points Addressed in Textile Coatings Industry Analysis

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Textile Coatings   Market and How to Navigate
  • Recommendation on Key Winning Strategies

Demand Analysis of Textile Coatings 2016-2020 Vs Market Outlook for 2021-2031  

The global market for textile coatings has grown at the rate of 3% over 2016-2020. As the use of textiles expands across many sectors, techniques to improving manufacturing capacity are changing, opening the door for new production technologies. Rising demand for high-quality textile coatings is being driven by rising need to make fabrics more robust and durable.

During the first half of 2020, demand was considerably impacted owing to deficits in textile output caused by lockdowns enacted to combat the spread of COVID-19. Fortunately, prospects have improved since the fourth quarter, as constraints have steadily eased.

Future deployment is heavily dependent on considerable advancements in key developing regions throughout Asia. Driven by these factors, the worldwide market is projected to rise at a CAGR of 4% from 2021 to 2031.

Extensive Uptake of Geotextiles to Spur Textile Coatings Demand?

Rapid urbanization and augmenting demand for geotextiles all over the world are among the primary factors driving the market's expansion. In accordance with this, waterproof, high-quality, and heat-resistant materials are widely used in the production of sportswear, imitation leather and packaging. Increasing industrial quality standards and regulations are also encouraging the use of textile coatings.

Various technical breakthroughs, such as the development of sophisticated coating technologies including spray coating, nanotechnology, and plasma technologies, are also helping to drive market expansion. These coatings impart anti-bacterial and self-healing capabilities to polymers, leading in increased use of the technology across sectors. Other reasons, including as its widespread use in the production of home furnishings, medical equipment, and agricultural items, as well as considerable expansion in the textile sector, are expected to propel the market even further.

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How is a Thriving Global Textile Industry Creating New Opportunities for Textile Coating Manufacturers?

The ubiquitous textile market is valued US$ 3 trillion, encompassing the production, refining, and sale of synthetic and natural fibers used in a variety of sectors, employing between 20Mn and 60Mn people, and contributing for 2% of global GDP. By 2020, the industry has crossed the US$ 1 billion mark.

Because of these promising tendencies, the demand for textile coatings is expected to skyrocket in the next years. Textile coatings have found new applications ranging from industrial apparel to medical hygiene items, driving important producers to create revolutionary product lines with greater strength and resilience.

Why are Thermoplastic Textile Coatings Considered the New Normal?

Thermoplastic polymers are polymers that become liquid when heated, allowing producers to form them into the necessary shapes, then soften and mould them again. The international textile coatings market was dominated by thermoplastics. Thermoplastics are the most extensively utilized coating material due to their exceptional qualities such as their lightweight nature, good insulating nature (both electrical and thermal), and so on.

PVC is a low-cost polymer that is resistant to oil, solvents, and abrasion. They also have outstanding fire-retardant qualities and are thus considered as a suitable polymer material in textile coating applications. Because of these qualities, thermoplastics are widely employed in a variety of end user sectors. As a result, demand for textile coatings is expected to rise throughout the forecast period.

An Adaptive Approach to Modern-day Research Needs

Country Wise Analysis

High Uptake across Construction and Sports Sectors to Widen Prospects in the U.S?

The United States is likely to reach US$ 1 Bn in textile coatings production in the next years, owing mostly to widespread use in industrial apparel, notably in the construction sector. Construction apparel is largely used to protect workers from injuries and mishaps on the job.

Furthermore, development is likely to gain pace in the sports and recreation sector, owing to increased participation in athletic events by notable sportsmen and sportspersons. The incorporation of green textile coatings is a major focus in order to lessen the environmental imprint. U.S. is set to register growth at a CAGR of 3.9%.

Why are the Prospects for Textile Coating Sales in India so Promising?

Textile coatings are predicted to see rapid expansion with a CAGR of 4% in India, owing to widespread adoption in domestic textile and clothing industry. According to the India Brand Equity Foundation's (IBEF) July 2017 Report, India's clothing textile and apparel business is anticipated to be worth US$226Bn by 2023. This is overall trade, which includes both domestic and export commerce.

According to their results, approximately US$ 4 Bn in foreign direct investment occurred between April and December 2020, with the Indian government allowing a 100% investment rate through automated channels. As a result, various coatings producers are benefiting from a wide range of opportunities.

Will China's Need for Textile Coatings Increase?

In terms of overall output and exports, the Chinese textile sector is the world's largest textile market. In 2013, the country exported US$ 274 Bn, accounting for 43.1% of worldwide textile exports and contributing 7% of GDP.

The 'Made in China' campaign is providing a legitimate boost to the sector. This is increasing the demand for effective coatings that are very robust, resistant, and abrasion resistant. A plethora of regional producers are actively active in the Chinese market. The market is set to register a market growth of 4.2% over the forecast period.

Textile coatings market regional analysis by Fact.MR

Category Wise Insights

Why are Polyurethane (PU) Thermoplastic Textile Coatings Highly Sought After?

Polyurethane thermoplastic textile coatings are predicted to account for 80% of total sales until 2031, with polyurethane coatings seeing the most acceptance due to their excellent abrasion and cut and tear resistance, among other benefits.

Green production technologies are being used by key firms such as Covestro AG in order to achieve additional advances. It has invested in the InsqinTM polyurethane dispersion chemistries to improve and revolutionize textiles, which include a wide range of aqueous PU dispersions that remove pollution risk.

Why is there Such a High Demand for Textile Coatings in the Medical Hygiene Industry?

As the medical business grows, the need for hygiene items such as gloves, surgical covers, garments and wipes, hats, masks, and hospital bed products rises dramatically, creating a demand for strong textile coating-based materials.

Endura Coatings, for example, provides high-quality medical product-based coatings that are anti-corrosive, anti-microbial, chemically inert, and dry lubrication, among other advantages. A CAGR worth 5% is expected for medical textiles in the long run.

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Competitive Landscape

Leading manufacturers rely on a variety of growth tactics, including broadening current product portfolios, signing collaborative partnerships with existing players, mergers and acquisitions, and capacity expansion initiatives.

  • In September 2021, BASF SE exhibited its polyurethane, thermoplastic polyurethane and E-thermoplastic polyurethane and 3D printed molds and functional coatings for the footwear industry at SIMAC 2021, which will assist the company in furthering its footprint in the global sustainable footwear business
  • Also, Technip FMC, a large construction and engineering business, signed a cooperative development agreement with Clariant Catalysts in July 2020 to commercialize their Acrylo Max propylene ammoxidation catalyst for the production of fiber intermediate acrylonitrile (ACN).

Report Scope

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered
  • North America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Latin America
  • Middle East & Africa
Key Countries Covered
  • U.S
  • Canada
  • Germany
  • U.K
  • France
  • Italy
  • Spain
  • Russia
  • BENELUX
  • India
  • Japan
  • China
  • South Korea
  • Thailand
  • Malaysia
  • Singapore
  • Vietnam
  • Australia 
  • New Zealand
  • Mexico
  • Brazil
  • GCC
  • South Africa
  • Israel
Key Segments Covered
  • Technology
  • Raw Material
  • End Use
  • Region
Key Companies Profiled
  • BASF SE
  • Clariant AG
  • Covestro AG
  • Du Pont
  • Huntsman International LLC
  • Omnova Solutions Inc.
  • Solvay SA
  • Sumitomo Chemical Co. Ltd.
  • Tanatex Chemicals B.V.
  • The Lubrizol Corporation
Pricing Available upon Request

Key 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

- FAQs -

The textile coatings market is anticipated to be worth US$ 3.4 Bn by the end of 2021.

According to Fact.MR, the market for textile coatings is set to grow at a CAGR of 4% until 2031

From 2016 to 2020, textile coatings demand surged at around 3% CAGR

Increasing adoption of geotextiles for imparting better reinforcement properties across key end use industries is driving demand for textile coatings

According to Fact.MR, the U.S market is slated to surge at a CAGR of 3.9%

Sales of textile coatings in India is likely to expand at a CAGR of 4%

China is the key producer of textile coatings, expected to surge at a CAGR of 4.2%

Thermoplastic polyurethane coatings will account for 80% of global textile coatings demand

Fact.MR expects the electrical & electronics industry to remain the primary end user, surging at a CAGR of 6% until 2031

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

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