According to the latest report by IMARC Group, titled "Textile Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global textile coating market experienced stable growth during 2014-2019. Textile coating is the process of depositing a resin over a textile substrate. This process is utilized to provide material layers which adhere to the textile structures and to enhance the overall properties of the textile. Its formulation can consist of a wide range of chemicals, which largely depends upon the nature of the polymer, the additives for the specific end use, as well as the type of coating machinery used for its application. These coatings impart numerous properties to the textile, which may include resistance to fire, water, ultraviolet rays, soil, stains and static friction. Additionally, this process improves the durability and functionality of the fabric while offering enhanced breathability. Consequently, coated fabrics are widely used in the production of gloves, conveyor and transmission belts, barrier materials, medical implants, hospital equipment, and camping tents.
Global Textile Coating Market Trends:
The global market is primarily driven by the rising demand for waterproof, high quality and heat resistant fabrics. A shift in the use of improved quality textiles has been witnessed across numerous end use industries. Increasing performance requirements, fire safety regulations and quality standards have impelled the demand for high performing textiles on the global level. Moreover, numerous manufacturers are heavily investing in research and development (R&D) activities to introduce improved coating polymers with anti-bacterial and self-healing properties. Rising environmental consciousness is also acting as another major growth-inducing factor. This has led several key players to replace PVC variants with polyurethanes for the production of coatings. For instance, Covestro, a polymer solutions company based in Germany, has launched Impranil DLN-SD, a water-based polyurethane (PU) dispersion, to be used in the manufacturing of biodegradable textile coatings. Rapid industrialization, the escalating demand for geotextiles and the emerging trend of sustainable fashion are some of the other factors providing a thrust to the market growth. On account of the aforementioned factors, the market is anticipated to exhibit a CAGR of around 3% during 2020-2025.
Market Summary:
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