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The latest report by IMARC Group, titled “Polymer Coated Fabrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global polymer coated fabrics market reached US$ 26.2 Billion in 2021. Polymer coated fabrics are engineered composite materials that consist of fillers, pigments, antioxidants, reinforcement fibers, fire retardant chemicals, and UV radiation and heat stabilizers. These fabrics are treated and glazed with polymers, including acrylic, polyurethane (PU), polytetrafluoroethylene (PTFE), and polyvinyl chloride (PVC). In addition, they offer useful structural properties such as notable weather and corrosion resistance, impermeability to grease and dirt, and marked fabric abrasions. Owing to these properties, polymer coated fabrics find extensive application in aerospace, automotive, electronics, chemical processing, geotextile, and defense industries.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Polymer Coated Fabrics Market Trends:
The market is primarily driven by the increasing demand for high visibility waterproof protective clothing for the safety of workers in various industries. Similarly, they find commercial applications in fireproof safety clothing for firefighters. Furthermore, in the automotive industry, polymer coated fabrics are used to manufacture seat belts, covers, airbags, roofing, and interiors of the vehicle, which is fueling the market growth. This can also be attributed to the stringent government guidelines regarding vehicle safety and security standards that have resulted in the installation of airbags in vehicles. Moreover, polymer coated fabrics are utilized in geotextiles that are utilized to construct roads, channels, and low embankment dams. As a result, the rapid expansion of the construction industry is also propelling the market growth. Furthermore, factors such as rapid urbanization and inflating income levels among consumers are positively influencing the product demand. Looking forward, the market value is expected to reach US$ 34.6 Billion by 2027, exhibiting a CAGR of 4.80% during the forecast period (2022-2027).
Market Summary:
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