The textile coating is a process of depositing a layer of resin on top of textile substrate surface. The process can include either one or both sides. This technology is known for its ability to provide resistance from heat, water, grease, abrasion, soil, and other external factors. In addition, these textiles are durable and delivers high performance. The global textile coatings market is all set to gain from such benefits in the coming years.
Several features are playing prominent role in taking the global textile coating market ahead. In various industries, the demand for waterproof or heat-resistant textiles are quite high owing to which the textile coating market are expected to gain solid acknowledgement. Quality standards and fire safety regulations in various industries are expected to fetch in more order for the product. However, resins that are chemically-charged can pose threat to various environmental conditions, which can deter the market growth.
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Key Players of Global Textile Coatings Market
Key players in the global textile coatings market are Covestro AG, The Lubrizol CorporationSolvay SA, Tanatex B.V., Huntsman International LLC., Omnova Solutions Inc., Clariant AG, BASF SE, Sumitomo Chemical Company, and others.
The global textile coatings market analysis has a solid foundation in its segmentation. The segmentation covers two major parts, type and end-user. Uncovering various factors that are getting involved in taking the global textile coatings market is the prime objective of this segmentation.
Based on the type, the global textile coatings market can be segmented into Thermoplastics, and Thermosets. The thermoplastics segment includes Polyurethanes (PU), Polyvinylchloride (PVC), Acrylics, and others. The thermosets segment comprises Styrene-butadiene Rubber and Natural Rubber. Both thermoplastics and thermostes are providing substantial leverage to the global market.
Based on the end-user, the textile coatings market can be segmented into clothing, industrial, transportation, construction, home furnishing, healthcare, and others. The need for textile coatings has pervaded all these sectors remarkably and the revenue generated from these industries are providing thrust to the market growth.
Region-specific analysis of this global textile coatings market encompasses namely North America, Europe, South America, Asia Pacific (APAC), and Rest of the World (RoW). The segmentation is expected to reveal various market dynamics and demographic realities that impact the market to change its future course.
The APAC market is gaining considerable hike as several countries like India, China, Thailand, and others are launching their own methods of profiting by getting their setups revamped.
Europe’s market share is also quite extensive. The regional growth is depending much on the robust infrastructure of other associated industries. The product is getting good traction from the automobile sector. North America is also expected to benefit in the same line. Hike in investment for research and development sector is also expected to provide thrust to the market.
Covestro recently won the certification for their new product high performance thermoplastic polyurethane (TPU) films. The topnotch product got certification from Oeko-Tex Standard 100 in the category of product safety.
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