Global Statistics Representing Textile Coatings Market Scenario
Textile coatings is gaining popularity on account of growing textile industry, deployment of advanced technology and type of coating material used such as natural rubber, depending on end use of textiles. For instance, polyurethane (PU) is widely used for textile coating to improve quality of synthetic materials as well as protect colour effects and this improved synthetic material are further used in the manufacturing of footwear, garments, car upholstery etc.
In recent past years textile industry has witnessed tremendous evolution owing to the changing preferences in cloth and garments and its innovative applications in various industries. For instance, textiles are not only limited with clothing and garments production, but it also finds various other applications such as fire protecting & flame-retardant fabrics by using fire protective coatings and these fabrics are further used for military, fire service purposes.
Global Textile Coatings market accounted for approximately USD 5.70 billion in 2017 and is expected to grow at a CAGR of 3.8 % during the forecast period, 2019–2026.
Global Textile Coatings market is segmented by type, end-use industry and technology.
By type, textile coatings market is segmented into thermosets cellulosic, thermoplastics and others. Thermosets cellulosic is further segmented in to styrene butadiene rubber, natural rubber and other includes nitrile rubber and butyl rubber. Butyl rubber coatings are specifically used in the production of protective clothing, light weight life jackets, aircraft carpet backing etc., owing to its specific advantages such as low gas permeability, good weather resistance and stable structure at high temperatures.
By end-use industry, textile coatings market is segmented into transportation, building & construction, protective clothing and Industrial. Construction industry is further segmented into canopies and awnings, scaffolding nets, architectural membranes, hoardings and signage, among others.
Among building and construction industry, architectural membrane is expected to escalate the demand for textile coatings market owing to increasing demand for the architectural membrane structures. it is deployed in airport carparks, entrances, shade structure for schools, universities and commercial developments where architectural membranes are intentionally used to promote and distribute content. Rapid growing urbanization and increasing commercial and residential properties are expected to propel the growth of textile coatings market.
By technology, textile coatings market is segmented into traditional technology and advanced technology. Advanced technology used for textile coatings is further segmented into magnetron sputtering and plasma coating.
Among technology, plasma coating is extensively used for textile coatings as it is shrink resistant and water repellent finishing and has emerged as non-polluting coating technology. The main advantage of plasma coating technology is that it gives high deposition rate with low material stress.
The global textile coatings market is segmented into five major geographies including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia-pacific is expected to lead the global textile coating market during forecast period 2019-2026. The growth of the market is imputed to the diverse industrial application ranging from building & construction, automotive, and others. Growing textile industry is anticipated to boost the demand for textile coating in India. For instance, according to the Indian Brand Equity Foundation, Indian textile industry was valued at USD 150 billion in 2017 and it is projected to reach at USD 250 billion by 2019.
North America is projected to continue dominating the global textile coatings market owing to prospering automotive industry and established automotive manufacturing units. Additionally, increasing production of cars thrust the growth of textile coating market. For instance, according to the International Organization of Motor Vehicle manufacturers, in 2017, number of cars manufactured in USA was 11,189,985 units and in Canada it was 2,199,789 units.
Europe is projected to lead global textile coatings market during forecast period 2019-2026 owing to increasing stadiums, airports, aircraft hangars, among others. For instance, Europe's largest football stadium is expected rise to second in the world with increasing capacity over 100,000 seat mark where architectural membranes requires for further capacity expansion. Moreover, total existing stadiums in Europe are 1,233 which intensifies the existing and expected market for textile.
Latin America and the Middle East & Africa is expected to attain substantial growth in light of growing construction industry specifically hotels, restaurants and casinos where awnings and canopies are specifically used to give pleasant and artistic look to entrance of hotel. For instance, according to the report published by Oxford Economics in 2018, the contribution of hospitality sector in United Arab Emirates has increased by 138% in the 10 years to 2017. Furthermore, according to the same source the total number of overnight stays has also increased by 155% in the 10 years to 2017 which was valued at 70.9 million. This scenario strengthens the growing opportunities in Middle East countries for textile coating.
Some of the key players in the global textile coatings market are Covestro AG. (Germany), Huntsman International LLC (U.S.), Solvay SA (Belgium), BASF SE (Germany)., Omnova Solutions Inc. (U.S.), The Lubrizol Corporation (U.S.), DSM (Netherlands), Tanatex Chemicals ( India)., National Coating Corporation (U.S.), Textiles Coated International (Australia), The Dow Chemical Company (U.S.), Sumitomo Chemical Company (Japan) and Clariant AG (Switzerland).
Textile Coatings Market Segmentation
By End-use Industry
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