Covestro AG (Germany) and Solvay SA (Belgium) are Leading Players in the Textile Coatings Market
In terms of value, the textile coatings market is estimated to grow from USD 4.4 billion in 2023 to USD 5.4 billion by 2028, at a CAGR of 4.6%. Rising demand for textile coatings from industries such as transportation, building & construction, protective clothing, industrial, medical, and other end-use industries for a variety of applications is leading the market. During the forecast period, this is anticipated to expand the textile coatings market even more.
The major players in this market are Covestro AG (Germany), Solvay SA (Belgium), BASF SE (Germany), Sumitomo Chemical Co., Ltd. (Japan), The Lubrizol Corporation (US), Clariant AG (Switzerland), TANATEX Chemicals B.V. (Netherlands), Huntsman International LLC (US), OMNOVA North America Inc. (US), Formulated Polymer Products Ltd. (UK), Arkema SA (France). These companies have gained recognition for producing textile coatings utilized in multiple applications. In response to the growing demand for textile coatings in various applications, market participants are primarily emphasizing research and development efforts.
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Covestro AG
Covestro AG is a multinational company known for its diverse range of products. The company has a strong presence in the textile coatings market. The company serves various end-use industries such as transportation, building & construction, protective clothing, industrial, medical, and other end-use industries. The company is transforming the company to exploit its full potential by addressing sustainability in a profitable way. It is accelerating the transition to a fossil-free economy. The company continues to fuel its R&D pipeline and speeds up long-term growth by investing in high-growth, high-return platforms.
Solvay SA
Solvay SA is a key player in the textile coatings market, known for producing and supplying textile coatings materials for various uses. One of the top manufacturers of textile coatings, Solvay SA, the company’s commitment to innovation, sustainability, and product quality positions it as a leading contributor to the textile coatings market's growth and development. The company actively engages with customers to offer enhanced products with the help of an end-to-end supply chain.
Related Reports:
Textile Coatings Market by Type (Thermoplastic, Thermoset), End-use Industry (Transportation, Building & Construction, Protective Clothing, Industrial, Medical), and Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2028
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