“Textile Coatings Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on textile coatings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for textile coatings? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The textile coatings market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Thermoplastics; Thermosets; Other Types
- 2) By Coating Method: Direct Coating; Direct Roll Coating; Pad-Dry-Cure Coating; Foamed And Crushed Foam Coating; Hot Melt Extrusion Coating; Calender Coating; Other Coating Types
- 3) By Technology: Dot Textile Coating Technology; Full Surface Textile Coating Technology
- 4) By End-User: Clothing; Transportation; Construction; Home Furnishing; Healthcare
- Companies Mentioned: Covestro AG; The Lubrizol Corporation; Huntsman International LLC; Solvay SA; Clariant AG
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the textile coatings market are: Covestro AG, The Lubrizol Corporation, Huntsman International LLC, Solvay SA, Clariant AG, BASF SE, Sumitomo Chemical Company, Omnova Solutions Inc., Formulated Polymer Products, Anatex B.V, Arkema group, Tanatex Chemicals B.V., Du Pont, Tanatex Chemicals, Sioen Coating, DSM, Textiles Coated International, National Coating Corporation, Conversion Technologies International, Vintex, Ajy Tech India, Nobletex, Arville, Reagent, and Integra.
The global textile coatings market is expected to grow from $5.72 billion in 2022 to $5.98 billion in 2023 at a compound annual growth rate (CAGR) of 4.66%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The textile coatings market is expected to grow to $7.21 billion in 2027 at a CAGR of 4.76%.
The textile coating market consists of revenues earned by entities by polyvinyl chloride, polyurethane, acrylics, polyolefins, nylons, EVA, styrenebutadiene rubber and natural rubber. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The textile coating is a technique of coating a textile substrate with resin, either on one or both sides. Textile coatings are used to significantly increase the value of textiles by improving and prolonging their performance and aesthetic appeal.
Asia-Pacific was the largest region in the textile market in 2022. The regions covered in the textile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main type of textile coatings include thermoplastics, thermosets, other types. The thermoplastics refer to a coating as one that does not chemically react during drying. The methods used in coating are direct coating, direct roll coating, pad-dry-cure coating, foamed & crushed foam coating, hot melt extrusion coating, calender coating, and other coating types and the technology involved are dot textile coating technology and full surface textile coating technology. The use of textile coatings are clothing, transportation, construction, home furnishing and healthcare.
The growing clothing industry is expected to propel the growth of the textile coating market going forward. The clothing industry refers to the manufacturing of textile-based clothes and apparel. The textile coatings offer material layers that cling to the textile structures. A typical textile coating formulation often includes a polymeric binder(s) and other additives (such as colorants, adhesion promoters, biocide, plasticizers, etc.) that are applied to a textile fabric using a spreading process as a solution, dispersion, paste, or in a similar manner. For instance, the output of U.S. textile manufacturing (measured by value added) totalled $16.59 billion in 2021, up from $9.5 billion in 2019. Therefore, the growing clothing sector is expected to drive the textile coating market.
Product innovation is a key trend in the textile coatings market. Major companies operating in the textile coatings sector are focused on developing new and innovative solutions to meet customer demand. For instance, in May 2019, Archroma, a Switzerland-based company specializing in chemical providers supplying the markets for branded and performance textiles, packaging and paper, and coatings, adhesives, and sealants, launched Appretan. Appretan® NTR uses a natural, renewable raw material that is easily accessible close to the production location in Lamotte, France. It is a water-based textile coating binder designed for usage like tea bags, coffee filters, or capsules. A polysaccharide derived from renewable raw materials accounts for around one-third of Appretan® NTR's active content, allowing for a reduction in the usage of fossil fuel-based resources without sacrificing performance. Appretan NTR contains no biocides or alkylphenol ethoxylates (APEO) and emits no formaldehyde.
In September 2021, IMCD N Va, a Netherland-based company specialising in the formulation of speciality chemicals and ingredients, acquired Aquatech Speciality Trading Company Limited for an undisclosed amount. With the help of this acquisition, Aquatech's coatings business complements IMCD Coatings & Construction Business Group's future-oriented portfolio in China. Aquatech's value creation mindset aligns nicely with IMCD's ambition to become a strong partner for clients and suppliers in China for sustainable coatings solutions. With IMCD's global network and technical understanding, as well as our local presence and capabilities, the company will give greater added value to the customers and partners of IMCD N Va to drive sustainability in the coatings sector. Aquatech Speciality Trading Company Limited is a Chinese company specialising in coatings and ink.
The countries covered in the Textile Coatings market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The textile coatings market research report is one of a series of new reports from The Business Research Company that provides textile coatings market statistics, including textile coatings industry global market size, regional shares, competitors with an textile coatings market share, detailed textile coatings market segments, market trends and opportunities, and any further data you may need to thrive in the textile coatings industry. This textile coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Textile Coatings Market Characteristics
3. Textile Coatings Market Trends And Strategies
4. Textile Coatings Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Textile Coatings Market
- 4.2. Ukraine-Russia War Impact On Textile Coatings Market
- 4.3. Impact Of High Inflation On Textile Coatings Market
5. Textile Coatings Market Size And Growth
- 5.1. Global Textile Coatings Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Textile Coatings Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Textile Coatings Market Segmentation
- 6.1. Global Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Thermoplastics
- Thermosets
- Other Types
- 6.2. Global Textile Coatings Market, Segmentation By Coating Method, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Direct Coating
- Direct Roll Coating
- Pad-Dry-Cure Coating
- Foamed And Crushed Foam Coating
- Hot Melt Extrusion Coating
- Calender Coating
- Other Coating Types
- 6.3. Global Textile Coatings Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Dot Textile Coating Technology
- Full Surface Textile Coating Technology
- 6.4. Global Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Clothing
- Transportation
- Construction
- Home Furnishing
- Healthcare
7. Textile Coatings Market Regional And Country Analysis
- 7.1. Global Textile Coatings Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Textile Coatings Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Textile Coatings Market
- 8.1. Asia-Pacific Textile Coatings Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Textile Coatings Market
- 9.1. China Textile Coatings Market Overview
- 9.2. China Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Textile Coatings Market
- 10.1. India Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Textile Coatings Market
- 11.1. Japan Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Textile Coatings Market
- 12.1. Australia Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Textile Coatings Market
- 13.1. Indonesia Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Textile Coatings Market
- 14.1. South Korea Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Textile Coatings Market
- 15.1. Western Europe Textile Coatings Market Overview
- 15.2. Western Europe Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Textile Coatings Market
- 16.1. UK Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Textile Coatings Market
- 17.1. Germany Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Textile Coatings Market
- 18.1. France Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Textile Coatings Market
- 19.1. Eastern Europe Textile Coatings Market Overview
- 19.2. Eastern Europe Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Textile Coatings Market
- 20.1. Russia Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Textile Coatings Market
- 21.1. North America Textile Coatings Market Overview
- 21.2. North America Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Textile Coatings Market
- 22.1. USA Textile Coatings Market Overview
- 22.2. USA Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Textile Coatings Market
- 23.1. South America Textile Coatings Market Overview
- 23.2. South America Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Textile Coatings Market
- 24.1. Brazil Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Textile Coatings Market
- 25.1. Middle East Textile Coatings Market Overview
- 25.2. Middle East Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Textile Coatings Market
- 26.1. Africa Textile Coatings Market Overview
- 26.2. Africa Textile Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Textile Coatings Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Textile Coatings Market Competitive Landscape And Company Profiles
- 27.1. Textile Coatings Market Competitive Landscape
- 27.2. Textile Coatings Market Company Profiles
- 27.2.1. Covestro AG
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. The Lubrizol Corporation
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Huntsman International LLC
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Solvay SA
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Clariant AG
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Textile Coatings Market
29. Textile Coatings Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer