The Textile Coatings Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Textile Coatings Global Market Report 2024, The textile coatings market size has grown strongly in recent years. It will grow from $6.04 billion in 2023 to $6.4 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to demand from apparel industry, consumer preferences for performance textiles, expansion of sportswear industry, focus on sustainable textile practices, stringent regulations, consumer awareness of health and safety..
The textile coatings market size is expected to see strong growth in the next few years. It will grow to $7.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to rise in demand for smart textiles, customization in textile coatings, expansion of home textiles market, focus on green chemistry, demand for high-performance outdoor textiles, influence of fast fashion trends.. Major trends in the forecast period include expansion of technical textiles in construction, advancements in nanotechnology, digital printing and coating technologies, coatings for technical textiles, collaborations in research and development..
The growing clothing industry is expected to propel the growth of the textile coating market going forward. The clothing industry refers to the manufacturing of textile-based clothes and apparel. The textile coatings offer material layers that cling to the textile structures. A typical textile coating formulation often includes a polymeric binder(s) and other additives (such as colorants, adhesion promoters, biocide, plasticizers, etc.) that are applied to a textile fabric using a spreading process as a solution, dispersion, paste, or in a similar manner. For instance, the output of U.S. textile manufacturing (measured by value added) totaled $16.59 billion in 2021. Additionally, in May 2023, according to Textile World, a US-based magazine that covers the textile industry, in 2022, textile, and apparel exports in the US totaled $34 billion, which is up from $28.4 billion in 2021Therefore, the growing clothing sector is expected to drive the textile coating market.
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The textile coatings market covered in this report is segmented –
1) By Type: Thermoplastics, Thermosets, Other Types
2) By Coating Method: Direct Coating, Direct Roll Coating, Pad-Dry-Cure Coating, Foamed And Crushed Foam Coating, Hot Melt Extrusion Coating, Calender Coating, Other Coating Types
3) By Technology: Dot Textile Coating Technology, Full Surface Textile Coating Technology
4) By End-User: Clothing, Transportation, Construction, Home Furnishing, Healthcare
Top Major Players
Covestro AG
The Lubrizol Corporation
Huntsman International LLC
Solvay SA
Clariant AG
Major companies operating in the textile coatings market are focusing on innovating products, such as G-Heatex, to provide reliable services to customers. G-Heatex is a line of graphene-coated textiles that provides strong and homogeneous heat with soft, flexible, breathable, and ultra-lightweight features. For instance, in November 2021, Grafren AB, a Swedish company that operates in nanotechnology, launched G-Heatex. G-Heatex is a conductive fabric that is made of fibers coated with the thinnest flakes of graphene. G-Heatex is used in the military, aerospace, healthcare, mobility, and automotive industries.
The textile coatings market report table of contents includes:
1. Executive Summary
2. Textile Coatings Market Characteristics
3. Textile Coatings Market Trends And Strategies
4. Textile Coatings Market – Macro Economic Scenario
5. Global Textile Coatings Market Size and Growth
……………………..
31. Global Textile Coatings Market Competitive Benchmarking
32. Global Textile Coatings Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Textile Coatings Market
34. Textile Coatings Market Future Outlook and Potential Analysis
35. Appendix
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