Textile Coatings Market Analysis 2020-2027:

Coating is one of the prominent technique for adding value to textile.  It is a process in which a polymeric layer is applied directly on one or both the surface of fabric. Coatings add real value to textiles by improving and extending their performance. Textile coatings are used in various industries and applications, due to their features such as fire resistance, waterproofing, anti-scratch, anti-abrasion, soil & stain repellence, heat stability, and breathability. Textile coating contains polymeric binders along with other additives (such as colorants, adhesion promoter, biocide, and plasticizers), which are applied in the form of a solution or dispersion or a paste.

Market scope and structure analysis

COVID-19 scenario analysis

• The outbreak of COVID-19 pandemic is expected to adversely impact exports and imports due to restrictions on cross border movements. 
• New store openings have stopped and even domestic stores are facing inventory issue due to huge volume of unsold consignments. This is attributed to the decline in demand for textile merchandise. 
• The business community is further negatively impacted on account of cash crunch, supply chain disturbance, and manpower-related issues. 

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Several industries such as automotive, aerospace, and building & construction require textile coatings for gloves, cut-resistant materials, clothing, fire protection clothing, and high visibility clothing. Textile coatings include isocyanates, polyols, acetylene, hydrogen cyanide, chlorine, ethylene, styrene, butadiene, and acrylonitrile, which are the major raw materials. Increase in demand for waterproof, high-quality, and heat-resistant fabrics is a key factor that drives the growth textile coatings market. 

New product launches to drive the market growth

Global color and specialty chemicals company, Archroma launched a water-based textile coating binder, Appretan NTR, based on natural resources. This is a water-based textile coating made from tea bags, coffee filters, or capsules. Increase in demand of eco-friendly products and concern regarding environment fuel the demand for eco-friendly textile coatings, thereby augmenting the growth of the market.

Surge in usage of textile coatings

The global textile coatings market is currently experiencing a stable growth. This is attributed to the fact that companies have been focusing on producing new products for specific applications, as there are unpredictable demands based on the utilization. Textile coatings possess resistance to heat, water, grease, scratch, and soil, thus making the fabrics durable. Improvement in quality standards in developed economies and surge in purchasing power & lifestyle changes are the factors contributing toward the growth of the clothing industry. 

Key segments covered

Key benefits of the report

• This study presents the analytical depiction of the global textile coatings market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global textile coatings market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global textile coatings market research report

• Which are the leading market players active in the global textile coatings market?
• What are the upcoming trends in the textile coatings market?
• What are the driving factors, restraints, and opportunities of the market?