The global coated fabrics market size is expected to reach USD 22.6 billion by 2020, according to a new report by Grand View Research, Inc. Growing automotive industry in the Asia Pacific, owing to the rapid urbanization and rising disposable income is expected to drive the demand for coated fabrics over the forecast period.
Rapid technology development coupled with growing industrialization is a key growth driver for the market. Moreover, implementation of strict regulations concerning workers’ safety is expected to boost the demand for protective clothing application. However, the environmental impact of fabric manufacturing is presumed to be a restraining factor for the development of the industry over the forecast period. Renewed construction activities in the Asia Pacific are expected to benefit the demand for coated fabrics in furniture, awnings, wall coverings and canopies. The market is expected to be highly competitive over the forecast period due to increasing application scope wherein the product is being used for the production of airbags and automotive interiors. Economic reforms in the Asia Pacific and Latin America is expected to offer growth opportunities to the market. However, increasing government initiatives targeted at curbing the environmental pollutions and limited raw material availability owing to the civil unrest in Middle Eastern and North African countries may hamper the growth the market. Full Research Report On Global Coated Fabric Market By Grand View Research: www.grandviewresearch.com/industry-analysis/coated-fabric-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber Grand View Research has segmented the coated fabrics market on the basis of product, application, and region: Coated Fabric Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2012 - 2020)
www.grandviewresearch.com/press-release/global-coated-fabrics-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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