Future Market Insights (FMI) announces its latest research report titled, “Global Coated Fabrics Market Analysis and Opportunity Assessment, 2014 – 2020”. According to the report, the global coated fabrics market has displayed a significant growth, accounting for US$ 17.3 Bn in 2014. The market is anticipated to reach US$ 21.6 Bn by 2020, registering a growth rate of 3.7% between 2014 and 2020.
Market Drivers
Key growth drivers for the global coated fabrics market are government initiatives regarding health and safety of employees at workplace, growing demand for coated fabrics from transportation industry due to its various features that include water resistance, elasticity, and ability to drape.
Market Segments
The global coated fabrics market is segmented on the basis of product, application, and region. In term of product type, the global coated fabrics market is segmented into polymer coated, rubber coated, and others. Among these, polymer coated fabrics segment accounted for the largest market share of 87% of the overall coated fabrics market in 2014, exhibiting a CAGR of 3.6% during the forecast period. However, rubber coating and others segment are anticipated to display a substantial growth rate over the next five years.
On the basis of End use Applications, the global coated fabrics market represents industries such as industrial, transportation, commercial tents, protective clothing, furniture, and others. Among these, transportation segment leads the global coated fabrics market and accounted for 34% of the overall market share in 2014, followed by industrial and others industries. The transportation segment is anticipated to exhibit a CAGR of 3.7% between 2014 and 2020.
Browse Full “Coated Fabrics Market – Global Industry Segment Analysis, Dynamics, Size, Trends, CAGR, Opportunity, Share, Competitive Analysis and Forecast 2014 to 2020, Future Market Insights” Market Research Report at http://www.futuremarketinsights.com/reports/details/coated-fabrics-market
On the basis of geographical segmentation, the global coated fabrics market includes Asia Pacific, North America, Western Europe, and Rest of the World (RoW). Among aforesaid regions, the Asia Pacific is projected to dominate the global coated fabrics market through 2020, registering a CAGR of 4.1% between 2014 and 2020, followed by North America and Western Europe. Growth of Asia Pacific is attributed to growing sectors such as industrial and automobile.
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Furthermore, major participants in the global coated fabrics market continue to focus on mergers and acquisition in term of expanding their geographical presence and client database, In Addition, the major collaboration witnessed between International Apparel Federation (IAF) and Bayer AG, targeting at improving innovations in apparel and footwear industry. Therefore, key players in the global coated fabrics market includes Valspar Corporation, 3M, Saint-Gobain S.A., Bayer AG, Sherwin-Williams, Dupont Coatings & Color Technologies Group, AkzoNobel, PPG industries, BASF coatings AG, and Nippon Paints Co. Ltd.
About Us
Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. Our research services cover global as well as regional emerging markets such as GCC, ASEAN, and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail.
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