Textile Coatings Market to surpass 5,600 kilo tons by 2024: Global Market Insights, Inc.
OCEAN VIEW, Del., Nov. 14, 2017 /PRNewswire-iReach/ -- U.S. Textile Coatings Market will witness growth over 4.5% up to 2024. Positive outlook from home furnishing, clothing and industrial applications will support the overall business growth. Stagnant raw material prices along with increase in spending on R&D for further product innovation will propel regional industry growth.
APAC textile coatings market share was over 50% 2016. Increase in spending on industrial, infrastructural and residential segment will positively influencing the product demand. The regional spending on construction was over USD 3.4 trillion in 2016, with China being the major contributor spent over USD 1.6 trillion.
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Pivotal measures undertaken by vital companies are certain to generate profitable avenues for textile coatings industry, across myriad geographies. Speaking of which, APAC contributed to more than 50% of the overall textile coatings market share in 2016, and is anticipated to witness a high product penetration over the coming years. This growth can be attributed to the construction developments being witnessed across countries such as India and China, which have been touted to be the key revenue contributors.
The prevailing sense of aesthetics in conjunction with the fact that textile coatings find extensive utilization across the fabric and home furnishing sectors is certain to segment the product popularity across the U.S., indirectly providing a boost to North America textile coatings industry size. It is forecast that the U.S. textile coatings market, which has majorly influenced North America industry since the past few years, will record a CAGR of more than 4.5% over 2017-2024.
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Thermoplastic accounted for over 80% of the overall textile coatings demand in 2016. Air bags, automotive upholstery, and bulk bags are major contributing application. Benefits including durability, strength, and high resilience will facilitate market growth in this segment.
Browse key industry insights spread across 350 pages with 369 market data tables & 11 figures & charts from the report, "Textile Coatings Market Size By Material (Thermoplastics [Polyvinyl Chloride, Acrylic, Polyurethane], Thermosets [Natural Rubber, Styrene Butadiene Rubber]), By Technology (Traditional, Advanced [Plasma Coating, Magnetron Sputtering]), By Application (Construction [Architectural, Scaffolding Nets, Canopies & Awnings, Hoarding & Signage], Home Furnishing [Carpet Backing, Sofa Covers] Transportation [Automotive Upholstery, Airbag Fabrics], Clothing [Garments, Leather, Rainwear], Medical [Gloves, Implantable & Non-implantable Devices, Extracorporeal Devices], Industrial [Fabric Filters, Conveyor Belts], Sports & Leisure, Agriculture, Packaging) Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, France, UK, Italy, Spain, Russia, Poland, Nordic Countries, Belgium, China, India, Japan, Australia, South Korea, Thailand, Vietnam, Malaysia, Brazil, Argentina, Mexico, Colombia, Saudi Arabia, UAE, South Africa, Turkey, Egypt), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 - 2024" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/textile-coatings-market
Global textile coatings market share is highly fragmented in nature as there are number of regional manufacturers. The key industry participants include Omnova Solutions, Huntsman International, Solvay, Clariant AG, Covestro AG, BASF, Formulated Polymer Products, Sumitomo Chemical Company. Other notable players in terms of geographic presence and product range includes Textiles Coated International, Lubrizol Corporation, Nobletex, Sioen Coating, DSM, Tanatex Chemicals, Conversion Technologies International, National Coating Corporation, Vintex, Ajy Tech India, Arville and Reagent.
Browse Related Reports:
-- Pretreatment Coatings Market Forecast, 2016 - 2024
Pretreatment Coatings Market size was over USD 9 billion in 2015 and expects gains at over 5.5%. Positive outlook towards construction spending along with increase in automobile sales should drive coating pretreatment market size. It is an essential precursor stage for powder coatings and offers superior finish along with increasing coat shelf life to the metal surface. Metals on which powder coatings are applied include steel, aluminum, copper, galvanized steel, and zinc alloys.
https://www.gminsights.com/industry-analysis/pretreatment-coatings-market
-- Geotextile Market Forecast, 2017 - 2024
Geotextile Market size was over USD 4.5 billion in 2016 and industry expects volume consumption to exceed 10 billion sq. meters by 2024. Positive application outlook in construction, agriculture, erosion control, and drainage should drive geotextile market size. Shift in consumer preference regarding usage of biodegradable material consumption should fuel product demand.
https://www.gminsights.com/industry-analysis/geotextile-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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