The global textile coatings market is expected to expand at a CAGR of 3.9 per cent between 2017 and 2025. Textile coatings are coatings that are used to coat various textiles, fabrics and yarns to protect them from heat, dust, soil, water, oil, grease etc. The coating shields the textiles and yarns from any sort of damage and helps keep them durable.
Rise in demand in protective clothing, building and construction, transport, medical, and industrial applications is driving the textile coatings market. Introduction of new innovative technologies or products is projected to open up new markets for textile coatings. Market players are striving to impart anti-bacterial and self-healing properties to textile coatings.
The Asia Pacific region held major share of the textile coatings market in 2016. The share of the product in the region is anticipated to rise at a faster CAGR between 2017 and 2025 due to the rising population, increasing demand for new housings, and the rising middle class income.
China holds a major share of the textile coatings market in Asia Pacific. The demand for textile coatings has been increasing in China and India, which is estimated to boost the market in the region. North America and Europe held share of a 28.6 per cent and 22.4 per cent respectively in 2016.
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