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Parameters | Details |
---|---|
Base Year | 2021 |
Historical Data | 2016-2021 |
Forecast Data | 2022-2028 |
Base Year Value (2021) | USD million |
Forecast Value (2028) | USD million |
CAGR (2022 to 2028) | % |
Regional Scope | North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
The global rubber coated fabrics market is valued at USD 1.55 billion in 2016 and is expected to reach USD 2.48 billion by the end of 2026, growing at a CAGR of 4.8 % between 2018 and 2026.
Coated fabrics are stronger and more resistant to weather conditions as they are coated, treated or covered with various substances. Rubber coated fabrics are substances that are coated with styrene-butadiene rubber, rubber, flour rubber, or any other rubber coating which best suits the purpose. Rubber Coated fabrics are widely used in different industries including industrial, defence & public safety, construction, transportation, aerospace & automotive, wall coverings, and clothing’s. Rubber Coated fabrics have some features like non air-wicking, high rubber adhesion, strength and flexibility, low noise and vibration, heat and pressure resistance.
Rubber coated fabrics are widely used in a variety of applications such as protective garments, home decoration products, gymnasium mattresses, lifeboats, boats, rainwear, storage bags, and food conveyor belts are driving the market. With rising investment in transportation sector, especially in developing economies, the demand for rubber coated fabric is highly increased. However, rubber is not exactly a biodegradable material and hence availability of substitute’s materials is increasing. Demand for proper disposing or recycling of waste produced during manufacturing and application of rubber is increasing. All these factors are acting as big hurdles for growth of this market.
Asia Pacific is largest and most lucrative market for rubber coated fabrics market globally due to radical economic growth, rapid industrialization in countries such as China and India, increased budget for military, and increased disposable income which has been driving the automotive and construction sectors. Asia Pacific region is expected to grow at the highest CAGR of 5.5% during forecast period. Europe and North America also becoming attractive market for rubber coated fabrics vendors. New technological advancements with increasing R& D activities are helping to remove hurdles in development of this market.
Rubber Coated Fabrics Market : Product Type
Rubber Coated Fabrics Market : Application
Global Rubber Coated Fabrics Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Rubber Coated Fabrics Market:
Geographical analysis of Rubber Coated Fabrics Market :
Rubber Coated Fabrics Market Report delivers comprehensive analysis of :
Rubber Coated Fabrics Market was valued at around USD million in 2021 & estimated to reach USD by 2028.
Rubber Coated Fabrics Market is likely to grow at compounded annual growth rate (CAGR) of % between 2022 to 2028.
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