Global Coated Fabrics Market Poised to Hit US$ 21.6 Bn by 2020, Says Future Market Insights

March 5, 2015 | By Business Wire News

LONDON

Future Market Insights (FMI) in its latest report titled, “Coated Fabrics Market: Global Industry Analysis and Opportunity Assessment, 2014 – 2020” reveals that the global coated fabrics market was valued at US$ 17.3 Bn in 2014 and is expected to reach US$ 21.6 Bn by 2020, registering a CAGR of 3.7% through the forecast period.

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The global coated fabrics market is driven by factors, such as growing demand for coated fabrics from transportation and textile industry, increasing government regulations about health and safety of employees at workplace, and growing automobile sector in Asia Pacific region.

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The global coated fabrics market is mainly segmented on the basis of application, regions, and product type. By application type, the transportation segment accounted for 34% of the overall market share in 2014, and is expected to exhibit a CAGR of 3.7% through the forecast period. Moreover, commercial tents and industrial applications together accounted for approximately 32% of the total market in 2014 and are anticipated to exhibit a CAGR of 4.3% and 3.8% respectively over the forecast period.

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Region-wise, Asia Pacific accounted for 29% of the overall market share in 2014, and is expected to display a CAGR of 4.1% during the forecast period, followed by North America and Western Europe. The growth is attributed to growing automobile and industrial sectors in these regions

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By product type, polymer coated fabrics segment accounted for approximately 87% of total revenue market share in 2014 and is anticipated to hold a significant revenue share by 2020, displaying a CAGR of 3.6% over the next five years.

Key players in the global coated fabrics market are 3M, Valspar Corporation, Saint-Gobain S.A., Sherwin-Williams, Dupont Coatings & Color Technologies Group, Bayer AG, AkzoNobel, PPG industries, Nippon Paints Co. Ltd., and BASF coatings AG.

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