The coated fabrics market is driven by increasing demand from various end use industries, such as automotive, construction, and healthcare. Coated fabrics provide enhanced durability, weather resistance, and aesthetic appeal, making them popular in applications such as upholstery, awnings, and outdoor furniture. The growing awareness of the benefits of eco-friendly and sustainable materials is also driving the market, with manufacturers developing coatings made from renewable resources. However, volatile raw material prices and stringent government regulations are major challenges faced by the industry. Moreover, the ongoing COVID-19 pandemic has significantly impacted the market, with disruptions in the supply chain and reduced demand from end use industries. Despite these challenges, the market is expected to continue growing as manufacturers invest in research and development to create innovative and sustainable coated fabrics
The global Coated Fabrics Market was valued at US$ 20841.59 Million in 2021 in terms of revenue, exhibiting a CAGR of 3.4% during the forecast period (2022 to 2030).
Prominent Players in the Coated Fabrics Industry:
1. Geo Specialty Chemicals, Inc.
Geo Specialty Chemicals, Inc. was founded in 1997 and is headquartered in Cleveland, Ohio, USA. It operates in multiple countries, including the United States, Canada, and the United Kingdom. Geo Specialty Chemicals is a manufacturer and distributor of specialty chemicals used in various industries, such as construction, coatings, adhesives, and agriculture.
2. Perstorp Specialty Chemicals AB
Perstorp Specialty Chemicals AB is a Swedish company founded in 1881 and headquartered in Perstorp, Sweden. The company operates in more than 80 countries, providing specialty chemicals for a wide range of industries, such as coatings, plastics, and pharmaceuticals. Perstorp Specialty Chemicals' product portfolio includes esters, polyols, and specialty polymers. In January, 2023 Perstorp, Uniper and CINEA (European Climate, Infrastructure and Environment Executive Agency) met today to officially sign the agreement granting the project support from the Innovation Fund.
3. Henan Tianfu Chemical Co. Ltd.
Henan Tianfu Chemical Co. Ltd. is a Chinese company founded in 2004 and headquartered in Zhengzhou, China. It operates in several countries, including the United States, Germany, and India. Henan Tianfu Chemical is a manufacturer and supplier of specialty chemicals and intermediates used in the pharmaceutical, agrochemical, and electronics industries.
4. Jiangxi Nancheng
Jiangxi Nancheng is a Chinese company founded in 1995 and headquartered in Nanchang, China. It operates in multiple countries, including the United States, Europe, and Southeast Asia. Jiangxi Nancheng specializes in the production and supply of organic and inorganic chemicals, such as benzene, toluene, and xylene.
5. Hongdu Chemical Technology Development Co., Ltd.
Hongdu Chemical Technology Development Co., Ltd. is a Chinese company founded in 1999 and headquartered in Hefei, China. It operates in multiple countries, including the United States, Japan, and South Korea. Hongdu Chemical Technology is a manufacturer and supplier of fine chemicals used in the pharmaceutical, agrochemical, and electronic industries.
6. Shenzhen Vtolo Chemicals Co., Ltd.
Shenzhen Vtolo Chemicals Co., Ltd. is a Chinese company founded in 2006 and headquartered in Shenzhen, China. It operates in several countries, including the United States, Germany, and Japan. Shenzhen Vtolo Chemicals specializes in the production and supply of high-quality pharmaceutical intermediates and fine chemicals.
*Definition- Coated fabrics are materials that have been coated with a layer of polymer or other material to enhance their properties, such as durability, weather resistance, and aesthetics. They are used in a wide range of applications, from automotive upholstery to outdoor furniture.
