Albany, NY -- (SBWire) -- 10/25/2017 --Rubber coated fabrics is flexible and durable and has numerous other properties. This is the reason that the demand for rubber coated fabrics is growing worldwide in different sectors. According to the research report titled "Rubber Coated Fabrics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022" which has been recently published to the online repository of Market Research Reports Search Engine (MRRSE), the rubber coated fabrics market is estimated to register a CAGR of 5.0% during the forecast period from 2017 to 2022. Earlier the rubber coated fabrics market had secured US$ 1,593.9 mn in terms of value however it is predicted to touch a value of US$ 2,030.6 mn in the forecast period.
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According to the report, the market for rubber coated fabrics is expected to generate a rising demand due to its unending properties such as degradation and elasticity. It also mentions some of the applications such as automotive upholstery, rainwear, boats, lifeboats, gymnasium mattresses, protective garments, truck covers, aprons, storage bags and food conveyor belts to mention a few.
Regarding its geographical analysis, the report states that some of the emerging countries in Asia Pacific except Japan are driving the demand for rubber coated fabrics. The report also analyzes some of the key factors driving the global demand for rubber coated fabrics. It says, as the consumer interest is inclined towards swelling public infrastructure and home interior decoration, the demand grows for rubber coated fabrics.
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The market for rubber coated fabrics is divided into three categories which are application, coating type and material type. The report analysis the application category by industrial, defense & public safety, construction, aerospace, automotive and other in terms of revenue in USD, market share comparison and year-on-year growth at a regional level. Further, the coating type category is sub-divided into three categories transfer coating, direct coating and solidification coating are analyzed on the basis of revenue in USD, market share and Y-o-Y growth at a regional level. Of these categories, transfer coating is expected to lead the market share and estimated to reach to a value of US$ 790.5mn by the end of 2022. The third category material type is analyzed as natural and synthetic rubber coated fabrics in terms of revenue, Y-o-Y growth and market share comparison regionally.
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Global Rubber Coated Fabrics Market Anticipated to Gain Steady Growth at a CAGR of 5% During 2017-2022
The global rubber coated fabrics market is envisaged to register a CAGR of 5.0% for the forecast period 2017–2022. In 2017, the market had secured a valuation of US$1,593.9 mn. However, by 2022, it is envisioned to reach a US$2,030.6 mn.