Engineered Coated Fabrics Market likely to reach US$ 923.6 million in 2024, as estimated by Stratview Research
Stratview Research in its recent report has offered an overlook of the
current Engineered Coated Fabrics Market scenarios and has also
estimated the Engineered Coated Fabrics Market size to reach US$ 923.6 million
in 2024. The insights highlighted in the report are based on
data that is carefully collected from reliable sources and is then scrutinized
to have a proper analysis.
Not only the report offers the market size but also details about the
market segmentation with its share. Stratview Research also extends its
research to offer a forecast of
the market during the period of 2019-2024, to provide the clients with base
knowledge of the market and make strategies to have beneficial results ahead.
Click here for a Free Sample of the report (additional insights inside):
https://www.stratviewresearch.com/Request-Sample/656/ceramic-fiber-market.html
Engineered coated fabric manufacturers have to rely
rigorously on the quality check and legal documentation of parts and process
prior to their usage in different end-use industries, which can be a
time-consuming process. A growing safety concern and stringent government
regulations, such as FAA’s Technical Standard Order (TSO) C69, and FAR 121, and
National Transport Safety Board (NTSB), for aircraft evacuation slide and
safety provision for workers, are the key factors, which may adversely impact
the demand for engineered coated fabrics.
There are a series of directions where the engineered
coated fabrics manufacturers are moving today with the purpose to improve the
overall customer experience as these fabrics are mostly customized to meet the
specific requirements of the customer. Engineered coated fabrics are an
indispensable focus area for all the major tier-players, who are engaged in
developing products and fabricating parts, such as airbags, evacuation slides,
gaskets, seals, fuel tanks, upholstery, and hospital seats, without sacrificing
performance.
Click here for description of the
report:
https://www.stratviewresearch.com/656/ceramic-fiber-market.html
Based on the end-use industry type, the engineered coated fabrics market
is segmented into Automotive, Aerospace & Defense, Oil & Gas, Marine,
and Others. Automotive is likely to remain the most dominant segment of the
engineered coated fabrics market over the next five years. Growing demand for
lightweight yet durable parts for achieving higher fuel efficiency and
increasing passenger safety concerns are the major factors bolstering the
demand for engineered coated fabrics in the automotive industry.
The aerospace & defense segment is likely to grow at the highest
rate during the forecast period, driven by increasing aircraft deliveries,
growing safety concerns, stringent government regulations, and increasing usage
of engineered coated fabrics in ballistic jackets, safety floats, and other
defense applications.
Based on the process type, the engineered coated fabrics market is
bifurcated into Calendaring, Hot-Melt, Knife, and Others. Calendaring is the
most widely preferred coating process in the global engineered coated fabrics
market. It is considered as an ideal process for rubber-based fabrics
processing and is very good at handling heat-sensitive polymers. The hot-melt
coating process is projected to grow at the highest rate, owing to its
low-processing time. In the hot-melt coating process, the coating material can
be applied without any organic solvents at a high application rate, which leads
to its low-processing time.
Based on the substrate type, the engineered coated fabrics market is
segmented into Polyester, Fiberglass, Aramid, Polyamide, and Others. Fiberglass
substrate is expected to remain the fastest-growing segment of the global
engineered coated fabrics market during the forecast period (2019-2024),
whereas polyester, aramid, and polyamide, other major substrate types, are
likely to witness healthy growth rates over the next five years. Fiberglass
substrates offer high-tensile strength and possess excellent resistance to heat
and flame, making them one of the most preferred substrates for engineered coated
fabrics.
Based on the regions, North America is projected to remain the largest
market for engineered coated fabrics during the forecast period, driven by both
OE as well as aftermarket segments. The USA is the growth engine of the
region’s market and has the presence of almost all major engineered coated
fabric manufacturers including Omnova Solutions and Uniroyal Global Engineered
Products. Consistent growth in the automotive and aerospace & defense
industries is likely to boost the overall demand for engineered coated fabrics
in the North American market.
Asia-Pacific is likely to witness the highest growth during the forecast
period, driven by a host of factors, such as an increasing automobile
production, propelled by beefing up the production of existing plants as well
as rolling out new plants; growing aerospace & defense industry, supported
by increasing defense budget and rising passenger traffic; growing textile
industry and a gradual shift of manufacturing base from the developed economies
to the developing Asian economies. China and Japan are likely to remain the
major growth engines of the market, whereas India is likely to be the new
growth engine of the region’s market in the coming years.
Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/656/ceramic-fiber-market.html
Highlights of the Report:
The global engineered coated fabrics market is projected to grow at a
healthy growth rate over the next five years to reach US$ 923.6 million in
2024. An organic growth of the automotive and aircraft industry coupled with an
increasing demand for lightweight products, the development of new
high-performance applications using engineered coated fabrics, an advancement
in the technology, and the introduction of stringent government standards
regarding the safety are some of the major factors that are bolstering the
demand for engineered coated fabrics in various end-use
industries.
The supply chain of this market comprises of raw material suppliers,
engineered coated fabric manufacturers, distributors, and end-users. The key
engineered coated fabrics manufacturers are Graniteville Specialty Fabrics
Inc., Lamcotec Inc., Omnova Solutions Inc., Orca – by Pennel & Flipo,
Trelleborg AB, Uniroyal Global Engineered Products Inc., and Vintex Inc. Some
of the key end-users in the industry are Boeing, Airbus, Spradling
International Inc., and Modern Inc.
Features of the Report
This report offers high-quality insights and is the
outcome of detailed research methodology comprising extensive secondary
research, rigorous primary interviews with industry stakeholders and validation
and triangulation with Stratview Research’s internal database and statistical
tools.
The Engineered Coated Fabrics Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply
chain analysis
- Market environment analysis: Growth drivers and constraints,
Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product
portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Know more about us and our reports:
Stratview Research has
been offering its insightful reports and custom researches to the interested
clients in some of important industry sectors such as Advanced Materials,
Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods,
Construction & Equipment, Electronics and Semiconductors, Energy &
Utility, Healthcare & Life Sciences, and Oil & Gas. The data is
collected for the reports is collected from reliable sources and is analysed
carefully to come up with an end result that is resourceful and worthy for the
interesting clients.