USD 4.9 billion
Report ID:
SQMIG15A2285 |
Region:
Global |
Published Date: October, 2024
Pages:
256
|Tables:
93
|Figures:
75
Global Silicone Coated Fabrics Market size was valued at USD 5.51 billion in 2022 and is poised to grow from USD 5.73 billion in 2023 to USD 7.85 billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).
The rise of the industrial sector, the rising demand for protective gear, and the expanding use of Silicone textiles in the furniture and upholstery industries are the main factors driving the demand for Silicone fabrics globally. When compared to uncoated fabrics, Silicone coating has many benefits in terms of strength, air porosity, deployment, and lifespan. Due to these benefits, airbag producers and automakers are switching from using uncoated fabric to Silicone-coated fabric for creating airbags. Airbag deployment generates heat, which raises the possibility of burn injuries to passengers. The airbag can help dissipate/contain this heat without ripping or tearing during deployment by being Silicone-coated. When compared to alternatives like neoprene coating, Silicone-coated airbags offer additional advantages including thermal resistance and airbag protection in addition to speedy deflation after the peak inflated pressure is reached. Additionally, Silicone's exceptional compatibility with common airbag textiles like nylon enables it to build a barrier against moisture and maintain chemical inertness. These benefits are anticipated to increase demand for Silicone-coated fabric automotive airbags. Thus, it is anticipated that in the next years, the Silicone textiles market for automotive airbags application would experience strong growth due to safety requirements, rising installation rates, and rising demand for frontal, curtain/side, and knee airbags.
The availability of inexpensive alternatives, however, is anticipated to restrain the silicone coated fabrics market expansion for Silicone fabrics during the anticipated period. The Silicone textiles market is also anticipated to experience growth during the forecast period as a result of Silicone fabrics' expanding use in the medical and healthcare industries.
US Silicone Coated Fabrics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.9 billion
Largest Segment
Polyester
Fastest Growth
Polyester
Growth Rate
4% CAGR
To get more reports on the above market click here to Buy The Report
The global Silicone fabrics market is segmented on the basis of base fabric, application, end use, and region. Based on base fabric the silicone coated fabrics market is further sub-segmented into fiberglass, polyester, polyamide, and others. Based on application the Silicone Coated Fabrics Market is further sub-segmented into protective clothing, industrial fabric, clothing fabric, and others. Based on end-use the silicone coated fabrics market is further sub-segmented into industrial, consumers, automotive, and others. Region-wise, the market is further sub-segmented into North America, Europe, Asia-Pacific, and LAMEA.
Silicone Coated Fabrics Market Analysis based on Base Fabric
Due to its low cost, high performance, suitability for a variety of industrial applications, and strong resistance to heat, water, and UV, fibreglass accounted for a significant portion of the Silicone fabrics market in 2021. This growth was supported by the Silicone coated fibreglass fabrics market.
Silicone Coated Fabrics Market Analysis based on Application
Since Silicone fabrics are utilised in many industrial applications, including conveyor belts, insulation, gaskets, hoses, heat shield, and others, the industrial fabric sector accounted for a sizable portion of the Silicone textiles market in 2021. The demand for Silicone fabrics is gradually rising as the manufacturing sector expands around the world.
Silicone Coated Fabrics Market Analysis based on End Use
The industrial sector dominated the silicone coated fabrics market. The rise in the establishment of different manufacturing or production facilities of industrial verticals, such as automotive, steel, and electrical & electronics, across these countries can be attributed to the increase in foreign direct investment and rapid industrialization across developing economies, such as China, India, and Brazil. The demand for Silicone textiles is anticipated to increase significantly during the projected period due to the cheaper cost of labour and raw materials in these developing nations as well as the expanding industrial sector..
To get detailed analysis on other segments, Request For Free Sample Report
Due to the region's increasing rate of automotive production, the Asia Pacific is predicted to experience the fastest CAGR development in the coated fabrics market. Additionally, the growing industry has increased the demand for protective apparel, creating new market prospects. The Asia Pacific market is being driven by the implementation of rules and regulations for industrial safety as set forth by the Fire Safety Forum Asia (FFSA) and the Industries Development and Regulation Act of India.
Due to the US's expanded oil and gas activities, North America and Europe are experiencing tremendous expansion, which is quickening expectations for major growth and demand for coated fabrics. Additionally, the growth of the coated fabrics market is primarily being driven by the presence of automakers in Europe and the North American area. Due to the expansion of the region's construction and oil and gas industries, the Middle East and Africa are anticipated to experience stronger growth during the projection period. The PSA Group in particular has increased its manufacture of passenger cars, which is fueling the market's regional expansion..
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Silicone Coated Fabrics Market Driver
Silicone Coated Fabrics Market Restraint
Request Free Customization of this report to help us to meet your business objectives.
The well-known businesses put a lot of effort into enhancing their production processes to create Silicone coated fabrics of higher quality. The use of cutting-edge technologies in production processes increases productivity and strengthens its brand positioning. Additionally, the businesses are working together with other players to introduce brand-new products that improve their market position. To increase the resilience of Silicone coated fabrics and improve their resistance to varying climates, the companies are substantially investing in research and development. This plan will improve their company and boost their yearly income.
Silicone Coated Fabrics Market Top Player’s Company Profiles
Silicone Coated Fabrics Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the Increasing fiberglass segment dominated the global Silicone Coated Fabrics Market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, the Asia Pacific dominated the global Silicone Coated Fabrics Market owing to the region's highly aware and economically stable population.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 5.51 billion |
Market size value in 2031 | USD 7.85 billion |
Growth Rate | 4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Silicone Coated Fabrics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Silicone Coated Fabrics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Silicone Coated Fabrics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Silicone Coated Fabrics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG15A2285
sales@skyquestt.com
USA +1 351-333-4748