(I-BusinessNews.Com, November 14, 2019 ) Market Overview:-
The textile coating is defined as the process of depositing a resin over a textile substrate on one or two sides. Textile coatings offer additional properties to the fabric such as resistance to heat, water, grease, scratch, and soil. It makes the fabrics durable and provides the ability to perform high. Fabric level coating is a traditional method while yarn and fiber levels are modern technologies. Asia Pacific dominates the textile coatings market regarding value and volume.
Market Dynamics:-
Drivers and restraints:
• The global textile coating market is being driven by rising demand for waterproof, high quality, and heat-resistant fabrics. Also, the introduction of new innovative technologies or products is expected to open new markets for textile coatings.
• For instance, in 2018 Covestro has unveiled new products under its Insqin brand that enable the effective waterproof and breathable coating of textiles using waterborne technology.
• This new coating is applied in a two-layer system using newly developed polyurethane dispersion products Impraperm DL 5249 and Improper DL 5310.
• Other factors responsible for market growth include increasing performance standards in the end-user industries, quality standards, and fire safety regulations.
• However, the European Chemicals Agency has identified DMF, the water-soluble solvent used in the production of polyurethane fabric coating, to be a substance of very high concern for the environment.
Market Segmentation:-
By type, the global textile coatings Market is bifurcated into:
• Thermoplastics
• Thermosets
Thermoplastics is segmented into:
• Polyurethanes (PU)
• Polyvinylchloride (PVC)
• Acrylics
• Others
Thermosets are segmented into:
• Styrene-butadiene Rubber
• Natural Rubber
Of these, Thermoplastics has dominated the market mainly due to increasing use of PVC’s in polymers. PVC is inexpensive, versatile, providing many desirable properties, and is widely known; It is the “standard” and more often first choice for many applications.
Also, PVC Coated textiles have several applications. It is the most common polymeric coating material used in the production of tarps and tents. Its use in upholstery (‘synthetic leather’) and as protective clothing. Further, Over 75% of PU usage in the textile coating is in fashion, sports, and footwear markets.
According to various recent studies, polymers are used in 88% of the textile coating. PVC, the familiar vinyl, is used in over 40% of coated products. Other coating polymers include PU, plus elastomers such as various rubber compounds and silicone, are used for specific properties.
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Geographical Trends:-
Geographically, the market is divided into:
• North America
• Europe
• South America
• Asia-Pacific
• The Middle East and Africa
According to Bayer AG, China is the dominant player, utilizing 90% of polyurethane (PU) used in the textile coating. In the overall global textiles coating market, China is account for 65% of production while utilizing 25% of goods internally.
Europe has the second largest market share in the textile coating.
In Germany, the textile coating share in modern automotive and vehicle industry has already been very high and is still increasing. Owing to its high flexibility and its relatively light weight, textiles and nonwovens have many application possibilities, and further applications are expected to follow. These are other factors expected to drive the growth of the global textile coatings market.
Competitive Landscape:-
Major companies have adopted the agreement, product launch, expansion, and merger to sustain the intense competition in this market.
The key players profiled include:
• The Lubrizol Corporation
• Coventry AG
• Huntsman International LLC.
• Solvay SA
• Clariant AG
• BASF SE
Few Company Insights:
• In 2018, Sweden’s Trelleborg AB has acquired U.S.-based Laminating Coating Technologies Inc. (Lamcotec), as part of its strategy to strengthen its position in what it described as “attractive markets.”
• In 2018, Chargers Fashion Technologies announced that it is acquiring Precision Custom Coatings’ (PCC’s) interlinings business as a critical pillar of its US and worldwide expansion strategy.
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