PVC Coated Fabrics Market

PVC Coated Fabrics Market Size

PRODUCT OVERVIEW:

Global PVC Coated Fabrics Market size was USD 15.45 billion in 2021 and projected to grow from USD 16.8 billion in 2023 to USD 24.8 billion by 2032, exhibiting a CAGR of 4.4% during the forecast period.

PVC-coated fabrics are created with polyester strong fabric and are widely used fabrics. These fabrics are coated with thin layer of polyvinyl chloride, a PVC-coated fabric. PVC coating creates an airtight environment & waterproofing by providing an additional protection against extreme weather conditions. A fabric type called PVC Coated Fabric has additional layer on top which are made of various materials. Generally, a coating of liquid PVC is applied to either sides of the scrim for constructing PVC coated fabrics. They are also used for making protective clothing. They are also used for making protective clothing. PVC Coated Fabric material are popular for flexible fabric structures used in applications like tent structures, wall coverings, industrial covers, furniture or tarpaulins is polyester coated with PVC.

MARKET HIGHLIGHTS

Global PVC Coated Fabrics Market is expected to project a CAGR of 4.4% during the forecast period, 2022-2032

Global PVC Coated Fabrics Market is expected to reach USD 24.8 billion, growing at a CAGR of 4.4% during forecast period. PVC coated fabrics are well known for their strength & waterproof properties, which are used in several applications like tents, inflatable products etc is expected to boost the growth of the PVC coated fabrics market. PVC coated fabrics are flexible, lightweight and have several applications for which the usage is being increased and is creating a demand for the growth of PVC coated fabrics market.

GLOBAL PVC COATED FABRICS MARKET SEGMENTATION:

Carbon Fiber segment is expected to grow with high CAGR during the forecast period

Global PVC Coated Fabrics Market is classified based on the Type into Fiberglass Fabrics, Carbon Fiber Fabrics, Polyester Fabrics, Flame Retardant Type, Others. Carbon Fiber type of segment dominated the market in 2021 and is also expected to dominate in the same way during the forecast period. The increasing usage of carbon fiber in the PVC coated fabrics market will boost the growth of the market.

Protective Clothing segment is expected to grow with high CAGR during the forecast period

Global PVC Coated Fabrics Market is classified based on the Application into Tent Structures, Protective Clothing, Industrial Covers, Artificial Water Tanks, Welding Screens, Portioning, Biogas Bags, Others. Protective Clothing segment dominated the market in 2021 and is also expected to dominate in the same way during the forecast period. The benefits offered by the PVC Coated Fabrics in protecting the structures is expected to boost the growth of the market.

MARKET DYNAMICS:

Growth Drivers

Increasing Textile Production is Expected to Boost the Growth of the Market

The production of technical textiles market has increased due to industrialization. Technical textiles are cured for improving the resistance to chemicals and abrasion. The demand for textile materials of lightweight in constructions is growing. The impact of coating on improving the extent of product durability is a key fact driving demand. PVC-coated textiles are used to create the roofs of stadiums & pneumatic ETFE.

Growing Demand for Energy-Efficient Materials is Expected to Boost the Growth of the Market

The growing awareness on importance of energy efficiency and increased adoption of sustainable building practices will drive the growth of the PVC coated fabrics market. PVC coated fabrics are widely used in the construction industry for multiple applications like waterproofing membranes, roofing membranes and building wraps which reduce the consumption of energy in buildings by providing insulation and decreasing the need for cooling & heating systems. Utilizing PVC coated fabrics aid in reduction of carbon emissions.

Restraint

Increasing Environmental Issues May Hamper the Market Growth

The increasing environmental issues along with the growing availability of certain substitutes related to the products may hamper the growth of the market. The increasing disposing or recycling of waste will also restrain the growth of the market.

RECENT DEVELOPMENTS:

• In December 2020, Seaman Corporation and V Technical Textiles (VTT) had declared a commitment for advancing new technologies & applications successfully which will provide an innovative line of ruggedized coatings for industrial and commercial needs.

GLOBAL PVC COATED FABRICS MARKET: Key Players Covered

• Sioen Industries NV
• Seaman Corporation
• B & V Membranes
• SRF
• Vortex Flex Pvt. Ltd
• Extruflex Group
• Haartz Corporation
• Attwoolls Manufacturing
• Naizil
• Other Prominent Players

        (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence,SWOT Analysis)

REGIONAL ANALYSIS

Global PVC Coated Fabrics Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America dominated the Global PVC Coated Fabrics market and is expected to dominate the market in the forecast period owing to the presence of strong manufacturing units which aid in the growth of PVC coated fabrics market. PVC coated fabrics have various applications in tents, inflatable products etc.  The growing demand for durability and waterproof nature of the PVC coated fabrics along with the presence of key market players in this region is expected to boost the growth of the market.

IMPACT OF COVID-19 ON GLOBAL PVC COATED FABRICS MARKET

The COVID-19 outbreak had resulted in the economic downfall. Several countries had imposed lockdowns and travel bans to control the coronavirus spread. Covid-19 has affected several industries and even led to shutdown of many business activities worldwide.  Covid-19 resulted in the slowdown of manufacturing & construction activities, thereby having a negative impact on the growth of the Global PVC Coated Fabrics market.

Global PVC Coated Fabrics Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA.

GLOBAL PVC COATED FABRICS MARKET SCOPE AND SEGMENTS:

Frequently Asked Questions (FAQ):