Elastomer coated fabrics market worth USD 11.85 billion by 2022
The elastomer coated fabrics market is projected to grow from USD 9.67 billion in 2017 to USD 11.85 billion by 2022, at a CAGR of 4.16 % during the forecast period. This is a result of a recent study published by MarketsandMarkets.
Other results of this study are: Transportation accounts for the largest share of the global elastomer coated fabrics market and is expected to grow at a high rate during the forecast period. The transportation segment is projected to drive the elastomer coated fabrics market from 2017 to 2022 due to the increasing usage of elastomer coated fabrics in automobile, aircraft, railways, and marine. Silicone coated fabrics account for the largest share in the global elastomer coated fabrics market and are expected to experience considerable growth during the forecast period. Factors such as increasing demand from transportation, protective clothing, and industrial applications; increasing safety concerns; and stringent government regulations to provide safety to workers; are expected to propel the growth of the silicone coated fabrics market.
|The study is titled: “Elastomer Coated Fabrics Market by Product (Silicone, TPO, TPU, Rubber), Application (Transportation, Protective Clothing, Industrial, Roofing, Awnings & Canopies, Furniture & Seating), and Region - Global Forecast to 2022”|