The global elastomer coated fabrics market is anticipated to grow at a CAGR of 3.9% during the forecast period (2021-2027). The major factors augmenting the growth of global elastomer coated fabric market include growing need for elastomer coated fabrics in end-user industries such as construction, transportation, and others, and easy availability of raw material. The elastomers coated fabrics in automotive sector impart a luxurious feel and an aesthetically appealing appearance to various interior car structures. Hence, many manufacturers are inclining towards the use of elastomer coated fabrics in automotive designing. These materials are used in automotive sector to make instrument panel skins, seat backs, door trim, arm rests, handles, knobs and airbag doors. With growing automotive sector the demand for elastomer coated fabrics are projected to surge, which will drive the market growth. Elastomer coated fabric are highly used to make protective clothings; therefore existrnce of stringent regulation by the government regarding workers’ safety is expected to boost the market growth during the forecast period. 

However, the environmental concern related to use of elastomer coated fabrics, and presence of its substitutes may hinder the market growth during the forecast period. Besides, the growing industrialization in emerging economies, and advancements in protective elastomers coatings may offer lucrative opportunities to the market growth during the forecast period. The elastomer coated fabrics market experienced a slight decline in growth during COVID-19 pandemic due to implementation of lockdown and closure of manufacturing facilities. The market is however expected to recover with gradual restoration of supply chain activities once the pandemic is contained.

Segmental Outlook  

The global elastomer coated fabrics market is segmented based on product and application. Based on product, the market is segmented into silicon coated fabrics, TPU coated fabrics, TPO coated fabrics, and rubber coated fabrics. Among these, the silicon coated fabrics is projected to lead the market owing to its increasing demand in numerous applications due to properties such as excellent adhesion, enhanced wetting, foam control, viscosity, abrasion, chemical resistance, among others possessed by them. On the basis of application, the market is segregated into transportation, protective clothing, industrial, roofing, awnings, & canopies, furniture & seating, and others.Transportation is estimated to be the fastest-growing application segment of the elastomer coated fabrics market during the forecast period. 

Global Elastomer Coated Fabrics Market by Share, 2020 (%)

The Transportation is Estimated to be the Fastest-Growing Segment of the Global Elastomers Coated Fabrics market

Among applications of the elastomers coated fabrics, the transportation is estimated to grow at fastest-rate in global elastomers coated fabric market. The increasing applications of elastomers coated fabrics in automobiles, marine, aircraft, among others are the major factor driving the segment growth.  The automotive industry is increasing at rapid rate owing to the increasing population and changing disposable income levels, which in turn creating number of transportation vehicles. The demand for elastomers coated fabrics in transportation sector is increasing, as these fabrics possess numerous properties such as water & chemical resistance, durable, high-temperature stability, excellent adhesion, foam control, which makes them ideal for wide range of automotiveapplications. It is expected that during forecast period, with growth in transportation sector, the demand for elastomers fabrics will increase that will drive the market growth. 

Regional Outlook 

Geographically, the global Elastomer Coated Fabrics market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). North America dominated the market in 2020, and it is expected that it will maintain its dominance during the forecast period. The market growth in region is aggregated to increasing demand for water resistance fabrics in manufacturing of automobile and marine industries, the reason is that elastomer coating precludes the vehicles from deterioration which enhance their resilience and life span.

Global Elastomer Coated Fabrics Market growth, By Region 2021-2027

Asia-Pacific is Projected to be the Fastest-Growing Region in Global Elastomer Coated Fabrics Market

The high population base in major economies of Asia-Pacific such as China, India is the major factor driving the demand for automobiles in the region, which in turn, generating the scope for elastomer coated fabrics. The growing automotive industry in major economies of the Asia-Pacific region is the key factor for market growth. As automotive sector is the major end-user of elastomers coated fabrics. The growth in automotive sector is projected to drive the huge demand for such fabrics in the region. As per the China Association of Automobile Manufacturers (CAAM) estimates, in 2020, China produced 25.23 million automobiles. Moreover, sales of new energy vehicles (NEV) in China went up 10.9 % year on year to 1.37 million units in 2020 amid government efforts to encourage their use and ease pressure on the environment. In line with this, according to the Indian Brand Equity Foundation, the automotive sector in India is growing at rapid rate owing to the rise in middle class income and demand from young population. In 2021, the total production volume of passenger vehicles reached to 1,693,639 units. On the other hand, the growing industrialization coupled with heavy investments in industries such as automotive, oil & gas, chemical, infrastructure, and steel are also encouraging growth of the regional market.

Market Players Outlook

The key players in the elastomer coated fabrics market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Continental AG, Low & Bonar PLC, Omnovo Solutions Inc., Saint-Gobain SA, Seaman Corp, Sioen Industries NV,SRF Ltd., Trelleborg AB, among others. These market players are adopting several market strategies including product launch and approvals, merger and acquisition, partnership collaboration, business, and capacity expansion among others to remain competitive in the market place. For instance, in August 2021, TrelleborgWheel Systems, a subsidiary of Trelleborg AB launched All-Season CRT-800 rubber track, designed to keep compact track loaders moving in all conditions, all year long.

The Report Covers

    • Market value data analysis of 2020 and forecast to 2027.

    • Annualized market revenues ($ million) for each market segment.

    • Country-wise analysis of major geographical regions.

    • Key companies operating in the global elastomer coated fabrics market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.

    • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

    • Analysis of market-entry and market expansion strategies.

    • Competitive strategies by identifying ‘who-stands-where’ in the market.