Coated Fabrics Market Updates

Global Coated Fabrics market size was valued at USD 22.04 Billion in 2023 and is poised to grow from USD 23.41 Billion in 2024 to USD 35.68 Billion by 2032, growing at a CAGR of 6.2% in the forecast period (2025-2032).

Companies in the industry have a stringent hold on mergers and acquisitions to acquire a competitive advantage in terms of market share. In addition, companies such as International Incorporated use the strategy to expand into new markets thereby evading the opening of manufacturing or distribution channels. Omnova Solutions holds the highest percentage, then Spradling International Inc., and Takata Corporation. The industry giants invest a lot of money in research and development of new products. 'Saint-Gobain S.A. (France)', 'Trelleborg AB (Sweden)', 'Serge Ferrari Group (France)', 'Spradling International Inc. (U.S.)', 'Omnova Solutions Inc. (U.S.)', 'Heytex Bramsche GmbH (Germany)', 'Cooley Group Holdings, Inc. (U.S.)', 'Seaman Corporation (U.S.)', 'Takata Corporation (Japan)', 'Uniroyal Engineered Products LLC (U.S.)', 'Continental AG (Germany)', 'Low & Bonar PLC (UK)', 'Morbern Inc. (Canada)', 'Canadian General Tower (Canada)', 'Isotex S.p.A. (Italy)'

One of the principal drivers is increasing demand for coated textiles for interior car seats, airbags, and interior car components. For instance, Tesla applied vegan leather with PU coating to the interior of its vehicles, eliminating the necessity for conventional leather while ensuring durability. Volkswagen and BMW also utilize coated textiles for convertible tops and airbags in order to enhance longevity, safety, and resistance to weather.

Short-Term: Since coated fabrics are strong and resistant to fire, water, and chemicals, they find themselves being utilized more frequently in airbags, vehicle interiors, and safety clothing. For instance, Tesla launched vegan leather covers using fabrics coated with polyurethane, which is a sustainable option compared to normal leather. Nowadays, though, firefighters' protective clothing, such as that manufactured by Gore-Tex, utilizes advanced heat-resistant coated fabrics to ensure safety in challenging circumstances. Both markets should experience an increase in demand for these coatings.

How Automotive and Furniture Sectors are Boosting Coated Fabrics in Asia-Pacific?