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Engineered Coated Fabrics Market to Reach US$ 891.5 million in 2023

 


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Engineered Coated Fabrics Market: Highlights Engineered coated fabrics refer to the highly technically coated fabrics, which include combination of technical fibers and specific polymers to coat the fabric as per the diverse requirements of applications. The engineered coated fabrics are marking their presence in various high-end technically advanced applications for various end-use industries. Some of the keys engineered coated fabric applications are airbags, aerostats, evacuation slides, train bellows, gaskets and seals, fuel storage, as well as health and medical accessories, such as wound retractors and cuffs mattresses. The global engineered coated fabrics market is projected to grow at a healthy growth rate over the next five years to reach US$ 891.5 million in 2023.

Organic growth of the automotive and aircraft industry coupled with an increasing demand for lightweight products, development of new high-performance applications using engineered coated fabrics, advancement in the technology, and introduction of stringent government standards regarding the safety are some of the major factors that are bolstering the demand for engineered coated fabrics in various end-use industries. Engineered Coated Fabrics Market by End-Use Industry Type: Based on the end-use industry type, the engineered coated fabrics market is segmented into Automotive, Aerospace & Defense, Oil & Gas, Marine, and Others. Automotive is likely to remain the most dominant segment of the global engineered coated fabrics market over the next five years.

Growing demand for lightweight yet durable parts for achieving higher fuel efficiency and increasing passenger safety concerns are the major factors bolstering the demand for engineered coated fabrics in the automotive industry. Engineered Coated Fabrics Market by Process Type: Based on the process type, the market is bifurcated into Calendaring, Hot-Melt, Knife, and Others. Calendaring is the most widely preferred coating process in the global engineered coated fabrics market. It is considered as an ideal process for rubber-based fabrics processing and is very good at handling heat-sensitive polymers. Hot-melt coating process is projected to grow at the highest rate, owing to its low-processing time. In the hot-melt coating process, the coating material can be applied without any organic solvents at a high application rate, which leads to its low-processing time.

Engineered Coated Fabrics Market by Substrate Type: Based on the substrate type, the market is segmented into Polyester, Fiberglass, Aramid, Polyamide, and Others. Fiberglass substrate is expected to remain the most dominant segment of the global engineered coated fabrics market during the forecast period (2018-2023), whereas polyester, aramid, polyamide, and other major substrate types, are likely to witness healthy growth rates over the next five years. Fiberglass substrates offer high-tensile strength and possess excellent resistance to heat and flame, making them the most preferred substrates for engineered coated fabrics.

Engineered Coated Fabrics Market by Region: Based on regions, North America is projected to remain the largest market for engineered coated fabrics during the forecast period, driven by both OE as well as aftermarket segments. The USA is the growth engine of the region’s market and has presence of almost all major engineered coated fabric manufacturers including Omnova Solutions and Uniroyal Global Engineered Products. Consistent growth in the automotive and aerospace & defense industries is likely to boost the overall demand for engineered coated fabrics in the North American market The supply chain of this market comprises raw material suppliers, engineered coated fabric manufacturers, distributors, and end-users.

The key engineered coated fabrics manufacturers are Graniteville Specialty Fabrics Inc. , Lamcotec Inc. , Omnova Solutions Inc.

, Orca – by Pennel & Flipo, Trelleborg AB, Uniroyal Global Engineered Products Inc. , and Vintex Inc. Some of the key end-users in the industry are Boeing, Airbus, Spradling International Inc. , and Modern Inc. Report link : https://www.stratviewresearch.com/331/Engineered-Coated-Fabrics-Market.html.

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