Coated Fabrics Market Size Forecast is Estimated at .57 Billion by 2020

Posted by Marsh William on February 13th, 2018

Global Coated Fabrics Market size forecast is estimated at USD 22.57 billion by 2020; as per a new research report by Hexa Research, Inc. increasing production of seat covers & airbags for automobile applications is likely to favor market growth. Strong demand for protective clothing applications across end-use industries such as military, medical, chemical processing and agriculture should drive industry revenue. Increase in infrastructure investments is likely to surge the demand for canopies, awnings and wall coverings. 

Favorable government regulations for safety applications in end-use industries are likely to drive the demand. Stringent regulatory norms by CPSIA and EPA owing to environmental concerns against VOCs release may challenge industry growth. 

Polymer based coated fabrics products dominated the overall demand and accounted for over 85% of the market share in 2013. They are relatively available at lower costs and are widely preferred used in residential & automotive applications. Fabric backed wall covering products are likely to witness highest gains with an estimated CAGR of 4.2% from 2014 to 2020. 

Browse Details of Report @

https://www.hexaresearch.com/research-report/coated-fabrics-industry