Elastomer Coated Fabrics Market - By Product Type, By Application, By End-Use Industry, Building & Construction, By Geography - Global Opportunity Analysis & Industry Forecast, 2024 - 2030

Elastomer Coated Fabrics Market Overview

Elastomer Coated Fabrics Market Size is forecast to reach $ 15354.6 Million by 2030, at a CAGR of 4.00% during forecast period 2024-2030. The elastomer-coated fabrics are fabric coated with polymeric materials on both sides with the help of an adhesive agent. Various elastomers coated fabric types such as silicone, polyvinyl chloride, thermoplastic polyurethane, thermoplastic olefin, acrylics and others offer unique properties such as improved flexibility, superior water resistance, adhesion and protection from dirt, oil and UV radiation, thereby having major demand across major end-use industries. These coated fabrics have growing applicability in the transportation sector, including aerospace, automotive, marine and locomotive, thereby acting as a driving factor in the elastomer coated fabrics industry. In addition, the rapid advancement and development in construction projects propel the growth scope in the elastomer-coated market. The covid-19 outbreak resulted in a major hamper for the Elastomer Coated Fabrics Market due to restricted demand in major end-use industries, halt in production facilities, supply chain disruption and other lockdown regulations. However, a significant recovery in the market is boosting the demand for elastomer coated fabrics for various applications and utilities in automotive, aerospace, building & construction and others, thereby anticipated to boost the Elastomer Coated Fabrics Market size during the forecast period.

Elastomer Coated Fabrics Market Report Coverage

The “Elastomer Coated Fabrics Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Elastomer Coated Fabrics industry.

Key Takeaways

• Asia-Pacific dominates the Elastomer Coated Fabrics Market, owing to the growing automotive production, flourishing aerospace sector and significant advancement in construction projects, thereby propelling the growth of elastomer coated fabrics in this region.
• The growing automotive industry across the world is propelling the demand for the Elastomer Coated Fabrics industry for various applications involving seal belts, seating covers and others, thereby contributing to the growing Elastomer Coated Fabrics Market size.
• The demand for silicone-coated fabric is significantly growing over polyvinyl chloride, thermoplastic polyurethane, thermoplastic olefin, acrylics and others, due to its renowned feature to withstand high temperatures and robust growth prospect in the automotive sector.
• However, the environmental concerns due to the formulation of solvent and the availability of substitutes act as a major challenge for the elastomer coated fabrics industry.

Figure: Asia-Pacific Elastomer Coated Fabrics Market Revenue, 2021-2027 (US$ Billion)

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Elastomer Coated Fabrics Market Segment Analysis – by Product Type

The Silicone segment held the largest Elastomer Coated Fabrics Market share in 2021 and is forecasted to grow at a CAGR of 4.00% during the forecast period 2024-2030. The silicone coated fabric type has high demand due to its superior features such as enhanced elasticity, resistance from UV, flame and chemicals, high visibility and weldability. The renowned ability to withstand high temperatures makes it an ideal choice over types including acrylics, polyvinyl chloride, thermoplastic polyurethane, thermoplastics olefin and others and others; thereby silicone has major applicability in automotive, medical, construction and other sectors. The elastomers coated fabrics have major demand in the automotive sector for a wide range of applications including vehicle exterior parts, interiors, seat belts and others. Thus, owing to superior eco-friendly formulation and growing applications across major industries, majorly automotive is anticipated to boost the growth scope for silicone product type in the elastomers coated fabric industry during the forecast period

Elastomer Coated Fabrics Market Segment Analysis – by End-use Industry

The automotive segment held a significant Elastomer Coated Fabrics Market share in 2021 and is forecasted to grow at a CAGR of 4.00% during the forecast period 2024-2030. The elastomer-coated fabrics such as silicone, thermoplastic polyurethane, polyvinyl chloride, thermoplastic olefins and others have major applicability in the automotive vehicle interiors, exterior, seating and others due to superior strength, weldability, chemical and UV resistance and high visibility. The automotive industry is rapidly flourishing owing to growth factors such as a rise in passenger vehicle demand, vehicle electrification, growing public transportation and rising income level. For instance, according to the European Automobile Manufacturer Association, South America car production grew by 11% while US car production grew by 3.1% in 2021. According to the International Organization of Motor Vehicles Manufacturers (OICA), the global production of passenger cars increased from 55,834,456 units in 2020 to 57,054,295 units in 2021. With the increase in automotive vehicle production, the applicability of elastomers coated fabric is rising owing to its superior features such as strength, chemical residence, weldability and others; thereby the automotive sector is projected to grow rapidly in the elastomers coated market during the forecast period.

Elastomer Coated Fabrics Market Segment Analysis – by Geography

Asia-Pacific held the largest Elastomer Coated Fabrics Market share in 2021 up to 42%. The significant growth of elastomers coated fabric in this region is influenced by the growing automotive sector, fast-paced industrialization and urbanization trends. The automotive sector in APAC is flourishing rapidly due to growth factors such as vehicle electrification projects, demand for fuel-efficient vehicles and urbanization. For instance, according to the India Brand Equity Foundation (IBEF), the automotive industry in India is expected to reach US$ 251.4 - 282.8 billion by the year 2026. According to the China Association of Automotive Manufacturers (CAAM), the production and sales of new energy vehicles reached 1.29 million units and 1.25 million units in the first quarter of 2022 respectively, marking a rise of 140% year-on-year. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total automotive vehicle production in China rose by 3%, a 30% increase in India, 8% growth in Taiwan and 63% growth in Indonesia for the year 2021 compared to the previous year. With lucrative growth opportunities for vehicle production in APAC, the demand for elastomers coated fabrics is rising for applicability in seat belts, covering and other automotive components, which, in turn, is projected to boost the growth scope in the Asia-Pacific region during the forecast period.

Elastomer Coated Fabrics Market Drivers

Bolstering Growth of Building & Construction Sector:

The Elastomer Coated Fabrics have flourishing applications in the building & construction sector for roofing, floor covering and others. The construction sector is fast-paced owing to growth factors such as growing infrastructural projects, demand for green buildings and urbanization. For instance, according to Oxford Economics, the global construction output in 2020 accounted for US$10.7 trillion and is projected to grow by 42% to reach US$15.2 trillion between 2020 and 2030. According to the National Investment Promotion & Facilitation Agency, the construction industry in India is expected to reach US$1.4 trillion by 2025. According to Statistics Canada, the investment in commercial construction increased by 1.7% in December 2021 compared to 2020. With the robust growth of construction activities, the demand for elastomer coated fabrics for applicability in floor covering, roofing and others is rising, thereby propelling the demand and driving the elastomer coated fabrics industry.

Rising Growth of the Aerospace Sector:

The Elastomer Coated Fabrics have flourishing demand in the aerospace industry for applications involving escape slides, seals, anti-crash tanks and others. The aerospace industry is rapidly growing owing to growth factors such as robust aircraft manufacturing, rising air travel and demand for military aircraft with lightweight features. For instance, according to Boeing, the airline sector is estimated to demand more than 44,000 new commercial airplanes, worth US$6.8 trillion by the year 2038. According to the India Brand Equity Foundation (IBEF), the aerospace & defense sector in India is estimated to reach US$70 billion by the year 2030. According to Boeing, China's airline expects a purchase of new aircraft worth US$1.4 trillion and commercial aviation worth US$1.7 trillion over the coming 20 years. With the booming aerospace sector, the demand for elastomer-coated fabrics in aircraft, helicopters and others increased, thereby acting as a driver for the elastomer-coated fabrics industry.

Elastomer Coated Fabrics Market Challenges

Environmental Concerns and Threats from Substitutes :

The Elastomer Coated Fabrics use solvent formulations, which create major environmental concerns such as pollution, degradation and others due to the volatile organic compounds (VOCs) emissions. Various governments have implemented control measures on VOC emissions to rising environmental concerns. For instance, the United States Environmental Protection Agency (EPA) regulated VOC emissions under the Clean Air Act (CAA). Moreover, the National Volatile Organic Compound Emission Standards aim to reduce VOC emissions by 90,000 tons per year. Moreover, the availability of substitutes such as sustainable leather-coated fabrics and others creates a major competitive threat in the elastomer-coated fabrics market. Thus, owing to such growth restraining factors, the demand and applicability for the elastomer coated fabrics industry are anticipated to face a slowdown and a major challenge.

Elastomer Coated Fabrics Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Elastomer Coated Fabrics Market. The top 10 companies in the Elastomer Coated Fabrics Market are:

1. Saint-Gobain S.A.
2. SRF Limited
3. Takata Corporation
4. OMNOVA Solutions Inc.
5. Low & Bonar PLC
6. Continental AG
7. Colmant Coated Fabrics
8. Serge Ferrari Group
9. Chemprene Inc.
10. Seaman Corporation

Recent Developments

• In December 2021, Trelleborg Group acquired an operation of coated fabrics in Alpha Engineered Composites. This acquisition gives Trelleborg access to heat-resistant silicone-coated fabrics, allowing major growth in the coated fabrics business.
• In May 2019, Continental AG developed protective coated fabrics, using materials such as polyvinyl chloride (PVC) for a wide range of applications in protective and work clothing, thereby boosting the product portfolio in the market.
• In July 2019, ORCA Group, a leader in elastomer coated textiles announced the set-up of a branch dedicated to carbon fibers besides elastomer coated textile and multilayer films activity, thereby strengthening its position in the business.

Key Market Players:
The Top 5 companies in the Elastomer Coated Fabrics Market are:

1. Serge Ferrari Group
2. Saint Gobain
3. Continental AG
4. Low & Bonar (Freudenberg)
5. SRF Limited

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