Coated Fabrics Market Projected to Reach 24.91 Billion USD by 2021
The global coated fabrics market is projected to reach USD 24.91 Billion by 2021, at a CAGR of 4.1% from 2016 to 2021.
The report "Coated Fabrics Market by Product (Polymer, Rubber and Fabric-backed wall coverings) Application (Transportation, Protective Clothing, Industrial, Awning, Roofing & Canopies, Furniture & Seating) - Global Forecast to 2021", The global coated fabrics market is projected to reach USD 24.91 Billion by 2021, at a CAGR of 4.1% in terms of value, during the forecast period, 2016 to 2021.
Browse 154 market data tables and 39 figures spread through 268 pages and in-depth TOC on “Coated Fabrics Market - Global Forecast to 2021”
Early buyers will receive 10% customization on this report.
The increased demand for coated fabrics from transportation, roofing, awnings & canopies, industrial, protective clothing, furniture & seating, and other applications are driving the global coated fabrics market.
“Transportation is the largest application segment in the global coated fabrics market”
The transportation application accounts for the largest share in the global coated fabrics market and is expected to grow at the fastest rate for the forecast period. The transportation segment is projected to drive the global coated fabrics market from 2016 to 2021 due to the increasing usage of polymer and rubber coated fabrics in automobile, aircraft, railways, and marine applications. Coated fabrics are used in the transportation application as they are rot-proof, dirt & oil-repellent, mildew resistant, water resistant, and UV resistant. They improve material durability, and are weather & corrosion resistant. They also provide improvements in passenger safety and provide superior comfort in seating.
For more Info:http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=64354822
“Polymer coated fabrics are expected to witness highest growth”
The market of polymer coated fabrics is expected to be the highest growing in the coated fabrics market during the forecast period. Polymer coated fabrics have advantages such as high resistance to fire, water, and abrasion, and are relatively inexpensive compared to the other coated fabrics. Factors such as the growing demand from the transportation, protective clothing, and industrial applications, increasing safety concerns, and stringent government regulations requiring the provision of safety to workers, are expected to drive the global polymer coated fabrics market.
“Asia-Pacific is the biggest market for coated fabrics”
The Asia-Pacific region led the global coated fabrics market in 2015. The demand for coated fabrics in the Asia-Pacific region is mainly driven by growing industrialization, high economic growth and heavy investments in industries such as oil & gas, automotive, infrastructure, chemical, and steel & military. Moreover, growing automobile sales and increasing government regulations requiring the implementation of safety measures are also driving the region’s coated fabrics industry.
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Visit MarketsandMarkets @ http://www.marketsandmarkets.com
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of client
Jan 19, 2017