A new report from Future Market Insights concludes that manufacturing fabrics with specialized coated materials significantly improves the value of the textiles by expanding their service life and preserving their aesthetic appeal.
The report noted that coated fabrics are highly beneficial for a broad range of industries, such as industrial workers and individuals involved in the health and safety field. In addition, they are rapidly emerging as vital for health and safety personnel in areas of police, defense and fire services.
The study said rubber coated fabrics are expected to see traction in coming years, while demand for coated fabrics is forecast to increase as Covid-19 highlights the need for personal protective equipment (PPE). It also noted that North America and Europe are predicted to capture significant share of total market collectively.
The report said the Covid-19 pandemic has caused demand for protective clothing to reach new heights, thanks to a surge of interest from the healthcare industry along with the government trying to get industrial sectors back to normal operations, emphasizing and need for protective clothing for workers to avoid the contagion. In addition, industrial operators are required to mandate and provide necessary equipment to personnel, further boosting demand for coated fabrics.
Market players are rethinking their existing manufacturing strategies to align with the changing trends and stay afloat amid pandemic shockwaves, according to the report. Players in the global coated fabrics market are prioritizing mergers and acquisitions to expand their regional footprint and a serve a larger customer base.
The report cited examples such as Bayer AG entering a collaboration with the International Apparel Federation to step up innovations in apparel and footwear industry, and CPS Performance Materials taking over GEO Specialty Chemicals, a manufacturer of specialty chemicals and materials to adhesives, coatings, water treatment, medical and construction sectors.
In addition, Reliance Industries Ltd. has partnered with Arvind Limited to manufacture high-performance fabrics under co-brand R|Elan. In the partnership, Arvind is expected to provide high-quality fabrics, while RIL will ensure in-time supply of R|Elan high-performance solutions to Arvind.
Future Market Insights is a provider of market intelligence and consulting services, serving clients in more than 150 countries. Headquartered in London, the company has centers in the U.S. and India.