The global Textile Coating Market size was USD 5.22 Billion in 2022 and is expected to reach USD 7.76 Billion in 2032, and register a rapid revenue CAGR of 4.5% during the forecast period. Rapid expansion of the textile sector, rising demand for high-performance fabrics, and increasing use of innovative textile coating technologies are key factors driving market revenue growth.
The automotive, healthcare, and construction sectors are just a few of the businesses that use these fabrics. Textile coatings are very sought-after for these industries because these offer various functional characteristics such as water and oil repellency, flame retardancy, and antibacterial qualities, among others. The need for technical textiles is rising, especially in the automotive sector because these materials are utilized to make airbags and automobile interiors.
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Major Companies:
- BASF SE
- Covestro AG
- Dow Inc.
- Huntsman Corporation
- Clariant AG
- Kansai Paint Co., Ltd.
- Lubrizol Corporation
- OMNOVA Solutions Inc.
- Solvay SA
- Sumitomo Chemical Co., Ltd.
Strategic Development:
- In 2021, Huntsman Corporation announced its plan to invest $135 million to expand its production capacity for Polyurethane-based insulation materials, adhesives, and coatings. The company aims to strengthen its position in the insulation market, and the expansion is expected to be completed by 2023.
- In 2020, BASF SE announced its plan to acquire Solvay's Polyamide business for €1.6 billion. The acquisition aimed to strengthen BASF's position in the high-performance materials market, including the textile industry, and expand its product portfolio.
- In 2020, Clariant AG announced the launch of a new range of flame-retardant coatings for textiles called the Exolit® OP Terra. These coatings are eco-friendly and enable textile manufacturers to meet global fire safety standards while reducing their carbon footprint.
Key questions addressed in the report:
- What is the expected market size of the global Textile Coating market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Textile Coating market?
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Textile Coating Market Segmentation:
By Type Outlook:
- Polyurethane
- Polyvinylchloride
- Acrylics
- Others
By End-Use Outlook:
- Transportation
- Building Construction
- Protective Clothing
- Home Furnishings
- Industrial
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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