Global Elastomer Coated Fabrics Market Study 2020-2025 by Product, Application and Region - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Elastomer Coated Fabrics Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

The world market for elastomer coated fabrics is expected to grow at a CAGR of over 4% during the forecast period.

The major factors driving the market are growing demand from the automotive and transportation industry and the easy availability of raw materials. On the flip side, environmental concerns related to the use of solvents in elastomer coated fabrics and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

• The transportation application is expected to dominate the global elastomer coated fabric market over the forecast period.
• Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.

Key Market Trends

Transportation Application to Dominate the Market

• The market is expected to be driven by increased demand for elastomer coated fabrics in transportation applications.
• The growth is also attributed to the increased usage of silicone and thermoplastic polyurethane fabrics to manufacture automotive body side moldings, interiors, instrument panels, seat covers, and drive belts on account of their properties such as abrasion resistance and flexibility.
• The global automotive industry is currently undergoing a dull phase with a decrease in production in 2018, and 2019. In 2019, various developed and developing countries across the world, including China, Germany, South Korea, Canada, the United Kingdom, and Italy, experienced a decline in automotive production.
• With increasing air travel, the demand for commercial aircraft is rapidly increasing across the globe. To cater to the need to accommodate more passenger, the manufacturing of aircraft are rapidly growing. This is expected to further drive the elastomer coated fabric market.
• Hence, owing to the above mentioned factors, the demand for elastomer coated fabric from transportation application is expected to further increase over the forecast period.

Asia-Pacific to Dominate the World Market

• Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
• China is the largest consumer in the global elastomer coated fabrics market and is the fastest-growing market in the region owing to the increasing population and growing demand from the construction industry for elastomer coated fabrics.
• Additionally, the increased use of elastomeric coated fabrics in the transportation sector and the emerging economies of countries in Asia-Pacific is expected to boost the regional market demand.
• The Chinese aircraft industry depicted significant growth over the years. According to Boeing, China is estimated to require around 7,600 new commercial aircraft, valued at USD 1.2 trillion, over the next two decades.
• The National Development and Reform Commission of China authorized plans to build infrastructure projects in China and approved the construction of seven projects with a total investment of CNY 485 billion (~USD 72 billion) in January 2019.
• Furthermore, India and other Southeast Asian countries are propelling market growth in the region. For instance, taking into consideration the issues related to car accidents, the Ministry of Road Transport of the Union of India approved the installation of compulsory airbags in all cars w.e.f. 01 July 2019. Thus, creating lucrative opportunities for the players operating in the elastomer coated fabric market in the region.
• Owing to the above mentioned factors, the demand for elastomer coated fabric in Asia-Pacific region is expected to grow considerably over the forecast period.

Competitive Landscape

The global elastomer coated fabrics market is partially fragmented in nature. Some of the major companies are OMNOVA Solutions Inc., Trelleborg, Continental AG, Serge Ferrari, and Low & Bonar among others.

Key Topics Covered

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Demand from Automotive and Transportation Industry

4.1.2 Easy Availability of Raw Materials

4.2 Restraints

4.2.1 Environmental Concerns Related to Use of Solvents in Elastomer Coated Fabrics

4.2.2 Unfavorable Conditions Arising due to COVID-19 Outbreak

4.3 Industry Value Chain Analysis

4.4 Porters Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Product

5.1.1 Silicone

5.1.2 Thermoplastic Olefin (TPO)

5.1.3 Thermoplastic Polyurethane (TPU)

5.1.4 Rubber

5.1.5 Others

5.2 Application

5.2.1 Transportation

5.2.2 Protective Clothing

5.2.3 Industrial

5.2.4 Roofing

5.2.5 Furniture and Seating

5.2.6 Others

5.3 Geography

5.3.1 Asia-Pacific

5.3.2 North America

5.3.3 Europe

5.3.4 South America

5.3.5 Middle-East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share (%)/Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

6.4.1 Continental AG

6.4.2 Low & Bonar

6.4.3 OMNOVA Solutions

6.4.4 Saint-Gobain

6.4.5 Seaman Corporation

6.4.6 Serge Ferrari

6.4.7 Sioen Industries

6.4.8 SRF Limited

6.4.9 Takata

6.4.10 Trelleborg

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Innovative Advancements in Production of Synthetic Elastomeric Materials

7.2 Other Opportunities

For more information about this report visit https://www.researchandmarkets.com/r/x2eapa