Market Leader - Coated Fabrics Market
In terms of value, the coated farbics market is estimated to grow from USD 23.7 billion in 2022 to USD 29.8 billion by 2028, at a CAGR of 3.9%. The main drivers of the coated farbics market are the increased safety rules in the vehicles, safety regulations in the industries to protect workers from hazard. These drivers influence the growth of the coated fabrics products.
The key players profiled in the report include include Continental AG (Germany), Trelleborg AB (Sweden), Serge Ferrari Group (France), Saint-Gobain S.A. (France), and Freudenberg Group (Germany). The major market players given a high priority on incorporating new technologies to keep up with the constantly evolving demands of the coated fabrics around the world. To enhance their market position in the industry, these players have adopted a range of growth strategies such as initiating new product development, innovations, acquiring other companies, and launching new products. These tactics have been employed to expand their market share in the agricultural films industry.
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Continental AG is key player in coated farbics market, it has strong presence in European and North American region. For various transportation applications, it offers wide range of products such as polymer- and rubber- coated fabrics for transportation, furniture & seatings applicaitons. The company's primary focus is on the innovation and production of inventive coated fabrics, and it maintains strong connections with customers worldwide. In order to expand its reach, the company is enhancing its long-term financial stability and diversifying its product line to include both existing and complementary offerings. In May 2019, Continental has innovated heat protective coated fabrics which is also called elastomer-coated fabrics using the innovative Condensation Control Technology (CCT). This technology regulates body temperature and make the material intact for professional and leisure divewear. It offers a high level of safety at extremes of heat and cold.
Trelleborg AB, established in 1905, is a leading manufacturer of high-performance polymer materials and innovative technical solutions. As one of the largest coated fabrics companies, it holds a significant position in the market. The company specializes polymer and rubber- coated fabrics which majorly served for industrial purposes. Through the innovation and acquisition, the company is developing innovative and creative products that meet the global needs of its customers. In November 2022, Trelleborg Engineered Coated Fabrics has innovated fabric. It comes with different combinations of stretch properties through its surface without changing the textile.
Related Reports:
Coated Fabrics Market by Product Type (Polymer-coated Fabrics, Rubber-coated Fabrics and Fabric-backed Wall Coverings), Application (Transportation, Protective Clothing, Roofing, Awnings & Canopies), & Region – Global Forecast to 2028
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