Product ID: SQMIG15A2285
Global Silicone Coated Fabrics Market Size, Share, Growth Analysis, By Base Fabric(Fiberglass, Polyester), By Application(Protective Clothing, Industrial Fabric), By End-Use(Industrial, Consumers) - Industry Forecast 2024-2031
Report ID:
SQMIG15A2285 |
Region:
Global |
Published Date: February, 2024
Pages:
256
|
Tables:
93 |
Figures:
75
Global Silicone Coated Fabrics Market Dynamics
Silicone Coated Fabrics Market Driver
- A thin, sturdy, and flexible material with a long shelf life, consistency, and high performance is Silicone fabric. Because of its exceptional resilience to adverse environmental conditions and outstanding tensile strength, it is widely utilised in the aircraft industry. In order to safeguard aircraft against poor weather conditions, it is employed as airbags, closure assemblies in aircraft walkways, and robot covers. Additionally, blankets, cushions, beds, and covers that provide insulation also make use of the Silicone-coated cloth. As a result, the market for Silicone coated fabrics is anticipated to develop in the years to come due to the expanding use of these fabrics in the aerospace industry.
Silicone Coated Fabrics Market Restraint
- The Silicone market is consolidated by nature. Over 80% of the world's Silicone supply was accounted for by major companies as Wacker, Dow, DuPont, Momentive+KCC, Elkem, and Shin-Etsu. The cost of feedstock is a constant challenge for the Silicone industry, and producers are likely to raise prices for consumers. As an illustration, leading Silicone industry participants Wacker and Elkem recently raised the prices of their Silicone products to reflect the rising costs of raw materials and energy.
- Furthermore, the price volatility became more severe as a result of the COVID-19 pandemic, the broken supply chain, the decline in demand, and the global halt of production activities. Consequently, companies in the Silicone business now face a significant challenge from constantly changing raw material and energy prices. Major suppliers with headquarters in Europe and the United States recently announced a 10–20% increase in the price of Silicone in Q-1 2021.
- Increased awareness of environmental issues and changing raw material costs are the two main factors limiting the growth of the coated fabrics market over the forecast period. The market's demand is anticipated to be hampered by additional factors including strict regulations.
Global Silicone Coated Fabrics Market Report Snapshots
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