Global textile coatings market is expected to grow at a CAGR of 3.9 per cent from 2017 to 2025. Of all the segments, the polyurethane and polyvinylchloride sub-segments held leading position in global textile coatings market in 2016. Another segment involving the manufacture and use of full surface coasting technology showcases a high demand than other technologies. From the end users’ perspective, the upholstery fabric and industrial clothing segments held the top position on the leaderboard with respect to utilization and demand.
Larger companies who have a global presence in this market are expected to improve their product portfolio so that specific demands from diverse industries can be fulfilled. The competitive landscape is expected to grow stronger as the textile coatings market spreads more extensively. New opportunities along with better production capacity and product quality are some of the goals that are being planned by the market leaders.
The Asia Pacific region is expected to continue to showcase the maximum growth. The rising prosperity of industries such as building and construction, transportation, chemical, and many more have been the most prominent factors behind the upsurge experienced by the global textile coatings market. Among the key players are Clariant, Huntsman, Omnova Solutions and Dow Chemical Company.