Rubber Coated Fabric Market: Overview and Dynamics
Since rubber coated fabric tends to show low diffusion and penetration, they seize to be durable, washable and stronger than uncoated fabrics. Rubber coated fabric also possesses the ability to be resistant towards oil, weather and temperature. Moreover, the rise in demand from unconventional applications across prime industries is the key driver for coated fabric market.
Additionally, extensive investment in the oil & gas, automotive, chemical & manufacturing in the Asia Pacific region is expected to drive the growth of the rubber coated fabric Market. Moreover, the rubber coated fabric market is expected to grow at a CAGR of 3.4% during the forecast period 2021-2031.
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Some big players in the Rubber coated Fabric market are Spradling Group, Seaman Corporation, TRELLEBORG, SIOEN weaving, Low & Bonar, Omnova and Colmant Coated Fabrics. Additionally, consistent efforts by these firms to bring innovation in the rubber coated fabric industry also resulted in its steady growth. Recently Archroma & Serge Ferrari have developed coating technology that delivers high performance to coated fabrics.
Based on industry requirements, coated fabrics are made up of various materials i.e. Polymer, Elastomeric, Rubber coated fabric etc. Polymer coated fabric is expected to hold the highest market share of undercoated fabrics due to its extensive application in a wide spectrum of industries. However, rubber coated fabric is predicted to show modest growth over the forecast period.
Rubber Coated Fabric Market: Drivers, Restraints, Opportunities and Trend analysis
This report provides an in-depth analysis of different market dynamics for the rubber coated fabric Market. An increase in demand for rubber coated fabric products in the transportation sector is set to be the key drivers for the growth of the rubber coated fabric Market. Moreover restraining factors that could hinder the growth of the rubber coated fabric
Market is the availability of alternatives, government regulations over environmental concerns and new market entrants. However, rubber coated fabric are the new sought after characteristics and has been identified as a new trend within the industry. The new trends and opportunities for rubber coated fabric Market have also been studied in-depth and included in this report.
Segmentation Analysis of Rubber Coated Fabric Market
The global rubber coated fabric market is bifurcated into four major segments: product type, material type, end-use, process and region.
Based on product type, the Rubber coated Fabric market has been segmented as follows:
- Fabric backed wall coverings
Out of the above product type woven and knitted rubber coated fabric accounts for majority of the market share due to its readily available nature, durability, strength and end-use.
Based on material type, the rubber coated fabric market has been segmented as follows:
- Acetate & Triacetate
Out of the above material types, Polymer accounts for a majority of the market share as being much more durable and resistant to various exposures, they are being referred to in various industries such as transportation and manufacturing industries.
Based on end-use, the rubber coated fabric market has been segmented as follows:
Amongst the above mentioned end-uses, transportation sector will be a key driver in the growth of the rubber coated fabric Market due to increased usage of polymer and rubber coated fabric in aircraft, automobile and railway application. Currently, defence and public safety hold nearly 30% of the total consumption of the rubber coated fabric market. Additionally, stringent safety regulations being applied by car manufacturers will play a crucial role in the growth of Rubber coated Fabric Market.
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Based on process, the rubber coated fabric market is segmented as:
- Foam finishing
- Flame Lamination
- Hot-melt extrusion coating
- Calendar finishing
Out of the above geographic regions, the Asia Pacific region will act as a key driver for the rubber coated fabric Market due to the presence of two large emerging markets i.e. China and India. The regional clusters of Africa may hamper the growth of rubber coated fabric market in the region.
Rubber Coated Fabric Market: Regional Outlook
Based on regional analysis, the report “Rubber Coated Fabric Market” takes six prominent regions into account including North America, Europe, Latin America, Middle East & Africa, East Asia and South Asia & Oceania. Out of these, the Asia Pacific region accounts for a majority of the rubber coated fabric market share, due to massive industrial growth and urbanization in countries like China and India. Well-established transportation and agriculture industries lay a strong foundation for rubber coated fabrics, hence penetrating the product in region at a higher rate.
Further, Europe and North America are expected to turn out as one of the most optimistic regions under the rubber coated fabric market owing to increasing demand from number of end use industries and manufacturers optimizing their production costs.
Americas collectively accounted for one-fourth of market share in 2020 and is believed to rise with high single-digit CAGR. The Middle East & Africa would continue to account for nominal shares for the rubber coated fabric market.
Additionally, an exhaustive PEST (Political, Economic, Social and Technological) analysis for all six regions namely; North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and Middle East & Africa have been identified and included in the regional outlook for the rubber coated fabric market.
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Rubber Coated Fabric Market: Key Players
Being a moderately fragmented market, small and medium enterprises also have a controlling presence across regions through a streamlined distribution network.
- Spradling Group
- Seaman Corporation
- SIOEN weaving
- Low & Bonar
- Omnova and Colmant
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