Automotive coated fabric is vital in enhancing vehicle aesthetics, functionality, and durability. It offers improved safety, comfort, and resistance to contaminants. With features like oil-repellency, water resistance, anti-corrosion, and UV resistance, automotive coated fabrics find extensive usage in automobiles. These fabrics are prepared using plastics, resins, lacquer, varnish, rubber, and PVC. Their utilization in the automotive industry ensures the provision of high-performance and reliable solutions for vehicle interiors and exteriors.
According to Data Bridge Market Research the Automotive Coated Fabric Market accounted for USD 1,590.70 million in 2022, and is expected to reach USD 2,210.71 million by 2030. The market is expected to grow with a CAGR of 4.20% in the forecast period of 2023 to 2030.
“Increasing demand for automotive coated fabric for safety purposes”
The growth of the automotive coated fabric market is primarily driven by its crucial role in enhancing passenger and driver safety. This market benefits from critical properties such as style, ergonomics, durability, consistency, power, and odor control, collectively improving safety. Integrating these features ensures a clean, comfortable, and seamless vehicle appearance. With increasing automobile demand and growing safety concerns, the global automotive coated fabric market is anticipated to grow in the forecast period.
What restraints the growth of the automotive coated fabric market?
“High price of raw materials”
The market growth of automotive-coated fabrics is expected to be hindered by the price fluctuations of raw materials used in their manufacturing during the forecast period. Propionaldehyde and formaldehyde are commonly used in automotive coated fabric production. However, the high cost of these raw materials poses a significant challenge to market growth. The volatile pricing of these inputs adds to the complexity faced by industry players, impacting the overall market dynamics.
Segmentation: North America Automotive Coated Fabric Market
The automotive coated fabric market is segmented on the basis of type, application, distribution channel, and vehicle type.
- On the basis of type, the automotive coated fabric market is segmented into polyester coated fabric, vinyl, nylon, rubber, leather and others.
- On the basis of application, the automotive coated fabric market is segmented into seating, carpet, airbag, instrument panel, door panel, auto tops and light trucks cover, sun visor, gear shift and others.
- On the basis of distribution channel, the automotive coated fabric market is segmented into OEMs and aftermarket.
- On the basis of vehicle type, the automotive coated fabric market is segmented into passenger vehicle, light vehicle, motor vehicle, and medium and heavy trucks.
Regional Insights: U.S. dominates the Automotive Coated Fabric Market
U.S. dominates the automotive coated fabric market in revenue and market share. The growing demand for vehicles has increased the need for lightweight materials, as they help reduce the vehicle's overall weight. This, in turn, has driven the demand for automotive coated fabric, as it offers lightweight properties. Consequently, the market in the region has experienced enhanced growth due to this rising demand for automotive coated fabric, driven by the need for lightweight materials in the automotive industry.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/north-america-automotive-coated-fabric-market
Recent Developments
- In 2019, Morbern been a finalist for Canada’s Best Managed Company. This company was recognized as the finalist in Eastern Ontario. Canada’s Best Managed Companies recognizes the Canadian companies every year and reward them on the basis of the caliber of management. This will aid the company in getting recognition by growing its customer base globally.
- In 2019, Mayur Uniquoters Limited invested about 68 percent shares in the Futura Textiles Inc. Through this completion of investments, the Futura Textiles Inc. will become subsidiary of Mayur Uniquoters Limited. This will not only improve the company's product portfolio, it will also help to brand recognition.
The Prominent Key Players Operating in the Automotive Coated Fabric Market Include:
- Trelleborg AB (publ) (Sweden)
- Continental AG (Germany)
- Low & Bonar PLC (Mehler Texnologies) (India)
- Saint-Gobain. (France)
- Spradling International (U.S.)
- inStyle Coated Fabric Solutions (U.S.)
- Seaman Corporation (U.S.)
- OMNOVA Solutions Inc. (U.S.)
- Takata Corporation (Japan)
- COLMANT COATED FABRICS (France)
- Seaman Corporation (U.S.)
- Serge Ferrari (France)
- Dickson Constant (France)
- Sioen Industries NV (Belgium)
- SRF Limited (India)
- LG Chem. (South Korea)
- Mayur Uniquoters Limited (India)
- Uniroyal Global Engineered Products Inc. (U.S.)
- The Haartz Corporation (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of automotive coated fabric market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: North America Automotive Coated Fabric Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
