Textile Coatings Market Analysis, By Demand, By Region, By Applications and Forecast Report Till 2032

Textile Coatings Market Overview:

The textile coatings market was valued at USD 3.97 billion in 2023, with a projected value in 2032 reaching approximately USD 5.70 billion, with a Compound Annual Growth Rate (CAGR) of 4.2%. Textile Coatings are the type of chemical coatings that are applied to a material in order to change, enhance, or improve its properties and characteristics. They offer great versatility and are used across various end-use industries. Textile Coatings are added to materials to enhance and extend their performance and appearance.

Textile Coatings Demand Analysis:

in 2023, the demand for textile coatings was approximately 308.07 kilotons, and in 2032, the projected demand would be approximately 442.55 kilotons.Textile Coatings demand by type, the market is bifurcated into Thermoplastics (Acrylic, Polyurethane (PU), Polyvinyl Chloride (PVC), Polytetrafluoroethylene (PTFE), Others), Rubber (Natural Rubber, Styrene Butadiene Rubber (SBR)) and Others. The Thermoplastics segment dominates the market owing to its superior properties such as excellent insulating nature (both electrical and thermal), lightweight nature, and commonly used as coating materials. PVC is the most economical polymer which provides resistivity against solvent, oil, and abrasion. It exhibits superior fire-retardant properties and is highly preferred as a suitable polymer in Textile coating applications. Owing to these properties, the demand for Thermoplastic types is increasing which will positively impact the Textile Coatings market.

The Textile Coatings applications are Building & Construction, Protective Clothing, Transportation, Industrial, Sports, Medical, Packaging, and Others. Building & Construction is the largest segment owing to its wide range of uses on roofing membranes to provide waterproofing, UV protection, and resistance to environmental elements. They are commonly used in flat or low-slope roof systems.

Textile Coatings Region Analysis:

Asia Pacific is the largest market for Textile coatings with China, Japan, India, and South Korea dominating the market. The market growth in these countries is mainly attributed to the rising Building & Construction and Automotive industries. India is one of the top textile producers in the world and customers from all over the world import textiles from India owing to its high-quality fabric and affordable prices. North America is one of the dominating players in the market owing to the strong presence of the Automotive industry in the region.  

Global Textile Coatings Manufacturers:

• BASF SE
• Huntsman Corporation
• Sumitomo Chemical Company
• Covestro AG
• Arkema Group
• Solvay SA
• Clariant AG
• Tanatex Chemicals B.V.
• Lubrizol Corporation
• Seyntex N.V.
• Omnova Solutions Inc.

Rising demand from various End-Use Industries

The rising demand for Textile Coatings from various End-Use Industries will boost the market in the forecast period.

• Textile Coatings are used in outdoor gear like tents, backpacks, and hiking apparel to provide weather resistance and durability. They are widely used in hoardings, signage, scaffolding nets, architectural membranes, conveyor belts, and safety gear for construction workers.

• In the Automotive industry, textile coatings are used in car interiors for upholstery, seat covers, and headliners, providing durability and aesthetics. They are used in automotive interiors to provide resistance to wear, moisture, and UV rays.

• Textile coatings are used in aircraft interiors, military gear, and space suits for various functional properties, including flame resistance and durability. They are used for erosion control, drainage, and soil stabilization in construction and civil engineering projects.

• In the medical industry, textile coatings are used in wound dressings, medical gowns, bandages, and surgical drapes owing to their antimicrobial, barrier properties and their resistance to fluids and chemicals.

• Textile coatings are widely used on conveyor belts in manufacturing facilities improving durability and resistance to abrasion and chemicals. They are also used as protective covers for machinery, equipment, and industrial storage.

• Textile Coatings are used in flexible membrane structures, awnings, and exterior layers for weather resistance. They are employed in construction for erosion control, drainage, and filtration and are commonly used in roofing membranes for waterproofing and UV resistance.

Stringent regulations to reduce VOC emissions

Various organisations such as the United States Environmental Protection Agency have set rules and regulations to reduce carbon footprint and VOC emissions from coatings which will hinder the Textile Coatings market growth. Disposing of textiles with coatings can be challenging due to the presence of potentially hazardous chemicals, contributing to landfill waste and pollution concerns.