Companies exhibiting their prominence in the
global rubber coated fabrics market include N-TORN Corp, ICP DAS Co.,
Ltd., Sixnet Holding LLC, L-Com, Inc., and Microsemi Corporation,
finds Transparency Market Research (TMR). Top players seek to retain
their stronghold by focusing on product innovations and by actively
making product launches to meet current and emerging needs of various
end-use industries, observes TMR. These initiatives by leading
players are expected to raise the level of competition in the
landscape over the years. Several players are tapping lucrative
avenues in emerging economies, notably in Asia Pacific, in order to
strengthen their positions.
The global market for rubber coated fabrics stood
at US$1.5 billion in 2017 and is projected to rise at a CAGR of 5.0%
from 2017 to 2022. By the end of the assessment period, the global
market is likely to touch a revenue valuation of US$2.0 billion.
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The key coating types comprise transfer coating,
direct coating, and solidification coating, of which transfer coating
accounts for the leading share in the global market. The segment is
projected to reach a valuation of US$790.5 million by the end of
2022. The dominant demand for transfer coating notwithstanding, other
segments are also expected to pick up over the years.
The various regional markets for rubber coated
fabrics market are North America, Latin America, APEJ, Europe, and
the Middle East and Africa. Among these, APEJ is anticipated to
emerge as one of the most lucrative markets. The regional market is
likely to account for the leading global share and is anticipated to
rise at a CAGR of 5.3% CAGR during 2017–2022. Meanwhile, Europe is
a potentially attractive market expected to collect substantial
revenue by the end of the forecast period.
Substantially Rising Demand in End-use
Industries World Over Driving Market
The rubber coated fabrics is driven primarily by
the burgeoning use in several end-use applications including
industrial, aerospace, automotive, and construction, and defense and
public safety. The staggering quantum of investments in these
industries in several industrialized nations and emerging economies
is boosting the market. The substantial use of rubber-coated fabrics
in a variety of applications such as protective garments, gymnasium
mattresses, lifeboats, boats, rainwear, storage bags, and food
conveyor belts, is driving the market. The extensive demand for
rubber coated fabrics in automotive industry, such as in making
automotive upholstery, is accentuating the growth of the market.
The market is expected to immensely benefit from
the rapid strides made by the transportation industry in various
regions. Coupled with this, vast infrastructural upgrades being
planned in the railway sector in several developing and developed
nations are likely to fortify the uptake. In particular, the
expansion of metro in these nations will spur the demand for rubber
coated fabrics. The recurrent focus on implementing workplace safety
norms in various industries where the workers are involved in the
hazardous work has bolstered the demand for protective clothing. This
in turn is boosting the adoption of rubber-coated fabrics.
Swift Pace of Infrastructure Development in
Industrialized Nations Present Lucrative Avenues
Emerging economies world over, especially in Asia
Pacific, are presenting substantial avenues for manufacturers. The
robust advances made by public infrastructure supported by public and
private investments are likely to aid in the expansion of the rubber
coated fabrics market. A rise in demand for home decoration products
will also stoke the demand for rubber-coated fabrics in developing
economies.
In the coming years, the commercial and industrial
sectors are expected to create potential growth prospects in the
global rubber coated fabrics market. Recent advances in material
sciences and constant advancements in manufacturing technologies are
crucial factors expected to unlock promising avenues in the market.
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The study presented here is based on a report by
Transparency Market Research (TMR) titled “Rubber Coated Fabrics
Market (Coating - Transfer Coating, Direct Coating, and
Solidification Coating; Material - Natural and Synthetic; Application
- Industrial, Defense and Public Safety, Construction, Aerospace, and
Automotive) - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2017 - 2022.”
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