Overview and Scope
Textile coating is the technique of coating a textile substrate with resin, either on one or both sides. Textile coatings are used to significantly increase the value of textiles by improving and prolonging their performance and aesthetic appeal.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the textile coating market in 2023. The regions covered in the textile coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the textile coatings market report are Covestro AG, The Lubrizol Corporation, Huntsman International LLC, Solvay SA, Clariant AG, 3M Company, Akzo Nobel N.V., Arkema group, BASF SE, Berger Paints India Limited, Covestro AG, DSM Coating Resins Ltd., DuPont de Nemours Inc., Eastman Chemical Company, Evonik Industries AG, Kansai Nerolac Paints Limited, KCC Corporation, Omnova Solutions Inc., PPG Industries Inc., Solvay S.A., Sumitomo Chemical Company, Tanatex Chemicals B.V., Dow Inc., Sherwin-Williams Company, Valspar Corporation, Wacker Chemie AG, Zschimmer & Schwarz, Archroma Management LLC, LANXESS Aktiengesellschaft, Perstorp Holding AB, RPM International Inc.
The textile coatings market report table of contents includes:
- Executive Summary
- Textile Coatings Market Characteristics
- Textile Coatings Market Trends And Strategies
- Textile Coatings Market – Macro Economic Scenario
- Global Textile Coatings Market Size and Growth
- Textile Coatings Market Segmentation
- Textile Coatings Market Regional And Country Analysis
……………..
- Key Mergers And Acquisitions In The Textile Coatings Market
- Textile Coatings Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Textile Coatings Market, Segmentation By Coating Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……………….
Table 75: Covestro AG Financial Performance
Table 76: The Lubrizol Corporation Financial Performance
Table 77: Huntsman International LLC Financial Performance
Table 78: Solvay SA Financial Performance
Table 79: Clariant AG Financial Performance
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