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Global Polyurethane Coated Fabrics Market - Forecast(2024 - 2030)
Global Polyurethane Coated Fabrics Market Overview
Global polyurethane coated fabrics market size is forecast to reach US$3.4 billion by 2027, after growing at a CAGR of 4.8% during 2022-2027. Polyurethane coated fabrics are polyurethane coating which gives fabric feels full, elastic, and has a filmy surface. The polyurethane material has good tensile strength and is resistant to fire, oil, and others. A polyurethane coated fabric is a composition of nylon, polyester, and other, and is widely used in transportation, construction, and others. According to the European Automobile Manufacturers’ Association (ACEA), demand for diesel vans grew by 6.2% to 1,408,376 units in 2021. The number of petrol vans registered increased to 58,757 units, up 20.5% compared to 2020. Therefore the growing demand from automotive, packaging, and others will boost the global polyurethane coated fabrics market during the forecast period.
COVID-19 Impact
The Covid-19 pandemic has been a major challenge for the global polyurethane coated fabrics market owing to the direct affect of the manufacturer's supply chain across the globe and shut down the production facilities to minimize the risk of virus spread. The major sectors such as automotive, food & beverages, and others have been highly impacted. According to The European Automobile Manufacturers Association, European Union GDP has contracted by 6.3% in 2020 as compared to 2019. The car market has a significant decline of 20.6% in Europe, a 16.6% decline in the United States, 6.8% drop in Chinese car sales throughout 2020. Therefore, the initiation taken by the government and private sector will help to recover the Global Polyurethane Coated Fabrics market during the forecast period.
Report Coverage
The report: “Global Polyurethane Coated Fabrics Market Report– Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Global Polyurethane Coated Fabrics Industry.
By Coating Type: Brushing, Rolling, spraying (Air Spraying, Airless Spraying, Heat Assisted Airless Spraying) Thermal Spraying
By End-Use Industry: Transportation (Automotive, Aerospace & Defense, Marine, Railways), Building & Construction (Residential Construction, Commercial Construction, Infrastructure, and Others), Healthcare, Food & Beverages, Agriculture, Energy, Furniture & Seating, Sports & Leisure, Geotextiles, Packaging, Industrial and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), and Rest of the World: The Middle East(Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa(South Africa, Nigeria, Rest of Africa)
Key Takeaways
- The Asia Pacific is expected to register a CAGR of 5.8% during the forecast period (2022-2027). The increasing demand from end-use industries such as construction, automotive, food & beverages, agriculture, and others in Asian countries such as China, India, Japan, and South Korea is driving the market demand for the global polyurethane-coated fabrics market.
- Robust demand for polyethylene coated fabrics for packaging applications owing to their excellent clarity, gloss, and elasticity properties is likely to aid in the market growth of the global polyurethane-coated fabrics market.
- The emergence of electric vehicles will eventually drive the market growth of polyurethane-coated fabrics, as they were used in various body parts of the automobile.
Figure: Asia Pacific Global Polyurethane Coated Fabrics Market Revenue, 2021-2027 (US$ Billion)
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Global Polyurethane Coated Fabrics Market Segment Analysis – By Coating Type
The brushing segment accounted for around 10% of the market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. The brushing technique is mostly preferred by the manufacturers as it is easy to use and can be applied on a smaller substrate composed of polyester, nylon, and others. The rolling segment is also expected to hold a significant share in the global market. Rolling coating is faster than brushing and is mainly used in construction industries. Furthermore, advanced techniques such as electroless, electrochemical plating are being used for better output. According to the Associated General Contractors of America (AGC), the US construction sector creates nearly US$1.4 trillion worth of structures every year and is a major contributor to the economy. Therefore, the use of brushing segments for construction activity will boost demand for the global polyurethane-coated fabrics market during the forecast period.
Global Polyurethane Coated Fabrics Market Segment Analysis - By End-Use Industry
The transportation segment accounted for approximately 20% of the market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. The polyurethane-coated fabrics are widely used for seats, sun visors, headrests, seat trim, center consoles, door trim, armrests, gearshift lever boot owing to high resistance in the automotive, aerospace, and defense sector. The polyurethane-coated fabrics are also used for automotive aftermarket and original equipment manufacturer (OEM) seating applications owing to withstand much of the wear and tear that comes with day-to-day. For instance, according to Boeing, the global aerospace and defense market is expected to reach a US$3.2 trillion market opportunity with commercial, business & general aviation services representing US$1.7 trillion and government services representing US$1.5 trillion through 2030. Therefore, the growing aerospace & defense sector will boost the demand for transportation segments which in turn drive the global polyurethane-coated fabrics market during the forecast period
Global Polyurethane Coated Fabrics Market Segment Analysis - By Geography
Asia Pacific region held the largest share in the global polyurethane-coated fabrics market in 2021 up to 42%, owing to the growing electronic, processed food industry, large Infrastructure projects, in developing countries like China, India, Indonesia, and others, boosting the demand for packaging, wires and cable compounds and others. According to the Agriculture and Processed Food Products Exports Authority of India, exports of processed food valued US$ 4,987.76 million in 2020-2021, which includes the share of products like mango pulp, processed fruits & vegetables cucumber and gherkins, Juices & nuts, and others. According to Invest India, the global electronic components market is expected to reach US$191.8 billion by 2022 driven by the Asia Pacific region to capture a dominant share. Therefore, the growing electronic components and processed food are boosting the demand for the global polyurethane-coated fabrics market during the forecast period.
Global Polyurethane Coated Fabrics Market Drivers:
The rising demand for polyurethane-coated fabrics in automotive
The growing demand for lightweight vehicles and electric vehicles is driving the global polyurethane-coated fabrics market. The usage of plastic by replacing metal in reducing the weight of a vehicle and improving thermal and mechanical properties are fueling the global polyurethane-coated fabrics market. Polyurethane-coated fabrics are widely used to make interior & exterior parts of vehicles and in furnishing & beauty of the products. Polyurethane coated fabrics have fire, oil, and dirt resistance. Such a factor is anticipated to drive the growth of the global polyurethane coated fabrics market. According to the International Energy Agency, registration of vehicles has increased by 41% in 2020 with 10 million electric vehicles on road globally by end of 2020, and electric car vehicle has been increasing in the past decade. The electric cars sold in 2020 were around 3 million with a sales increase of 4.6% and Europe dominated China as the world’s largest electric vehicle market for the first time. Therefore, the growing demand for electric vehicles will be driving the global polyurethane-coated fabrics market during the forecast period.
Growing e-commerce industry is boosting demand for Polyurethane Coated Fabrics
The E-commerce sector is one of the major sectors driving the global polyurethane-coated fabrics market. E-commerce typically uses different packaging products to protect the product from being damaged or getting spoiled and safely deliver to the customer. This packaging is composed of polyurethane coated fabrics that have high tensile strength and are resistant to fire, oil, and others. According to Invest India, the e-commerce sector of India is estimated to be valued at over US$55 billion in Gross Merchandise Value in 2021. Further, the online retail market is estimated to be 25% of the total organized retail market and is expected to reach 37% with an annual gross merchandise value of US$350 billion by 2030. According to Euro Commerce, E-commerce makes 10 -15% of total retail sales in the European Union in 2021. Therefore, the growing e-commerce sector will increase the demand for packaging, which in turn, will boost the demand for the global polyurethane coated fabrics market during the forecast period.
Global Polyurethane Coated Fabrics Market Challenges:
Rising Environment Concern for the production of Polyurethane Coated Fabrics
The production of polyurethane-coated fabrics involves the release of various VOC (Volatile Organic Compounds) into the surroundings which will cause pollution such as air pollution, water pollution, etc. This has attracted various regulations from Government bodies across the globe. It is highly toxic to the environment, especially to aquatic life forms like fish and crustaceans. Excessive exposure while manufacturing polyurethane causes skin & respiratory tract irritation, asthma, and dermatitis, which is restraining the global polyurethane-coated fabrics market during the forecast period.
Global Polyurethane Coated Fabrics Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the global polyurethane-coated fabrics market. Global polyurethane-coated fabrics top 10 companies include
- Continental AG
- Trelleborg AB
- Saint-Gobain SA
- Spradling International, Inc
- Serge Ferrari Group
- Sioen Industries NV
- Dickson Constant
- Seaman Corporation
- Cooley Group Holdings Inc.
- Takata Corporation
Recent Developments
- In December 2021, Trelleborg Group has acquired an operating division of the US-based, privately-owned company Alpha Engineered Composites in polymer-coated fabrics used in niche applications.
- In September 2021, Cortman Textiles has introduced new polyurethane coated fabrics. This protection lends itself well to the coatings of fabrics & textiles and provides protection from rain, mud, dirt, and can also be made resistant to chemicals and oils.
- In March 2021, Trelleborg group has launched revolutionary liner fabric for trenchless pipe rehabilitation Pipecure Flex™, is a solution to repair compromised PVC, clay, lead or concrete pipes with a flexible polyurethane coated liner fabric that can be impregnated with thermosetting resins, retrofitted into old pipes and then cured in place - also known as CIPP trenchless pipe rehabilitation.
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1. Global Polyurethane Coated Fabrics Market- Market Overview
1.1 Definitions and Scope
2. Global Polyurethane Coated Fabrics Market- Executive Summary
2.1 Key Trends by Coating Type
2.2 Key Trends by End-use Industry
2.3 Key Trends by Geography
3. Global Polyurethane Coated Fabrics Market– Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Global Polyurethane Coated Fabrics Market - Startup Companies Scenario Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Global Polyurethane Coated Fabrics Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Global Polyurethane Coated Fabrics Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Global Polyurethane Coated Fabrics Market – Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Global Polyurethane Coated Fabrics Market – By Coating Type (Market Size -US$ Million/Billion)
8.1 Brushing
8.2 Rolling
8.3 Spraying
8.3.1 Air Spraying
8.3.2 Airless Spraying
8.3.3 Heat Assisted Airless Spraying
8.4 Thermal Spraying
9. Global Polyurethane Coated Fabrics Market – By End Use Industry(Market Size -US$ Million/Billion)
9.1 Transportation
9.1.1 Automotive
9.1.2 Aerospace & Defense
9.1.3 Marine
9.1.4 Railway
9.2 Building & Construction
9.2.1 Residential Construction
9.2.2 Commercial Construction
9.2.3 Infrastructure
9.2.4 Others
9.3 Energy
9.4 Food & Beverages
9.5 Furniture & Seating
9.6 Agriculture
9.7 Healthcare
9.8 Sports & Leisure
9.9 Geotextiles
9.10 Packaging
9.11 Industrial
9.12 Others
10. Global Polyurethane Coated Fabrics Market - By Geography (Market Size -US$ Million/Billion)
10.1 North America
10.1.1 USA
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 UK
10.2.2 Germany
10.2.3 France
10.2.4 Italy
10.2.5 Netherlands
10.2.6 Spain
10.2.7 Russia
10.2.8 Belgium
10.2.9 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Australia and New Zealand
10.3.6 Indonesia
10.3.7 Taiwan
10.3.8 Malaysia
10.3.9 Rest of APAC
10.4 South America
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Colombia
10.4.4 Chile
10.4.5 Rest of South America
10.5 Rest of the World
10.5.1 Middle East
10.5.1.1 Saudi Arabia
10.5.1.2 UAE
10.5.1.3 Israel
10.5.1.4 Rest of the Middle East
10.5.2 Africa
10.5.2.1 South Africa
10.5.2.2 Nigeria
10.5.2.3 Rest of Africa
11. Global Polyurethane Coated Fabrics Market– Entropy
11.1 New Product Launches
11.2 M&As, Collaborations, JVs and Partnerships
12. Global Polyurethane Coated Fabrics Market – Industry/Segment Competition Landscape Premium
12.1 Company Benchmarking – Major Companies
12.2 Market Share at Global Level - Major companies
12.3 Market Share by Key Region - Major companies
12.4 Market Share by Key Country - Major companies
12.5 Market Share by Key Application - Major companies
12.6 Market Share by Key Product Type/Product category - Major companies
13. Global Polyurethane Coated Fabrics Market – Key Company List by Country Premium Premium
14. Global Polyurethane Coated Fabrics Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
14.1 Company 1
14.2 Company 2
14.3 Company 3
14.4 Company 4
14.5 Company 5
14.6 Company 6
14.7 Company 7
14.8 Company 8
14.9 Company 9
14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies*"
LIST OF TABLES
1.Global Polyurethane Coated Fabrics Market, by Type Market 2019-2024 ($M)2.Global Polyurethane Coated Fabrics Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Polyurethane Coated Fabrics Market, by Type Market 2019-2024 (Volume/Units)
4.Global Polyurethane Coated Fabrics Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Polyurethane Coated Fabrics Market, by Type Market 2019-2024 ($M)
6.North America Polyurethane Coated Fabrics Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Polyurethane Coated Fabrics Market, by Type Market 2019-2024 ($M)
8.South America Polyurethane Coated Fabrics Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Polyurethane Coated Fabrics Market, by Type Market 2019-2024 ($M)
10.Europe Polyurethane Coated Fabrics Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Polyurethane Coated Fabrics Market, by Type Market 2019-2024 ($M)
12.APAC Polyurethane Coated Fabrics Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Polyurethane Coated Fabrics Market, by Type Market 2019-2024 ($M)
14.MENA Polyurethane Coated Fabrics Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
LIST OF FIGURES
1.US Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)2.Canada Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
3.Mexico Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
4.Brazil Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
5.Argentina Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
6.Peru Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
7.Colombia Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
8.Chile Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
10.UK Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
11.Germany Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
12.France Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
13.Italy Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
14.Spain Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
16.China Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
17.India Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
18.Japan Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
19.South Korea Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
20.South Africa Global Polyurethane Coated Fabrics Industry Market Revenue, 2019-2024 ($M)
21.North America Global Polyurethane Coated Fabrics Industry By Application
22.South America Global Polyurethane Coated Fabrics Industry By Application
23.Europe Global Polyurethane Coated Fabrics Industry By Application
24.APAC Global Polyurethane Coated Fabrics Industry By Application
25.MENA Global Polyurethane Coated Fabrics Industry By Application