HOME Research Insight major players are concentrating on developing cost-effective technologies and are investing to upgrade their units for the production of coated fabrics Market



major players are concentrating on developing cost-effective technologies and are investing to upgrade their units for the production of coated fabrics Market


The global coated fabrics market is expected to grow at a high rate from 2016 to 2021, in terms of both, value and volume. The global coated fabrics market is rapidly evolving, with the major market players playing a crucial role in the development of the market. Some major players such as Takata Corporation (Japan), Continental AG (Germany), Spradling International Inc. (U.S.), Seaman Corporation (U.S.), and Saint-Gobain S. A. (France) are leading the market.

Takata Corporation and Continental AG have a major share in the global coated fabrics market. These companies mainly focus on launching innovative products to meet the requirements of their customers.

The major players are concentrating on developing cost-effective technologies and are investing to upgrade their units for the production of coated fabrics. These developments meet the increasing demand for coated fabrics from a variety of end-use applications such as transportation, protective clothing, industrial, roofing, awnings & canopies, furniture & seating, and others.

New product developments and supply contracts are the key strategies adopted by major coated fabrics manufacturers in the recent past. The top players in the coated fabrics market adopted these strategies to attain growth in the coated fabrics market and to enhance their product portfolios.

Takata Corporation is focusing on launching new products to stay competitive in the market. Takata, in 2014, launched a life-saving automotive technology. The company is also focusing upon expansions to strengthen its market. It established a new subsidiary, Takata Safety Systems Hungary Kft. (Hungary), in Hungary for the manufacture of airbags and airbag components for car manufacturers in Europe. Thus, the company is concentrating on new product launches and expansions to meet the growing demand for coated fabrics.

Emerson Electric Co, another player in the global coated fabrics market, is introducing new products into the market to cater to the demand from end-use applications. In 2016, the company launched a new dry suit fabric for underwater protection.  The company is also focusing upon the agreements strategy to strengthen its market share. In May 2015, it entered into an agreement with Siemens AG (Germany) and ThyssenKrupp AG (Germany) to develop and market the Chevron Megapipe tubular belt conveying system.

Related Reports:

Coated Fabrics Market by Product (Polymer, Rubber and Fabric-backed wall coverings) & Application (Transportation, Protective Clothing, Industrial, Awning, Roofing & Canopies, Furniture & Seating) - Global Forecast to 2021

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