Chicago, March 22, 2024 (GLOBE NEWSWIRE) — The Global Textile Coatings Market is projected to grow from USD 4.4 billion in 2023 to USD 5.4 billion by 2028, at a CAGR of 4.6% from 2023 to 2028. as per the recent study by MarketsandMarkets™. Textile coatings are employed to augment the value of textile materials, extending their operational lifespan, preserving aesthetic appeal, and providing enhanced performance and protective features. As industry demand grows, textile coating undergoes continuous innovation to meet evolving requirements and stay at the forefront of market expectations. Textile coatings are chemicals that provide additional properties such as fire resistance, waterproofing, anti-scratch, anti-abrasion, soil & stain repellence, heat stability, and breathability. Textile coatings are used in various industries such as transportation, building & construction, protective clothing, industrial, medical, and other end-use industries.
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Browse In-Depth TOC On “Textile Coatings Market”
296 – Market Data Tables
54 – Figures
268 – Pages
List of Key Players in Textile Coatings Market:
Covestro AG (Germany)
Solvay SA (Belgium)
BASF SE (Germany)
Sumitomo Chemical Co., Ltd. (Japan)
The Lubrizol Corporation (US)
Clariant AG (Switzerland)
TANATEX Chemicals B.V. (Netherlands)
Huntsman International LLC (US)
OMNOVA North America Inc. (US)
Formulated Polymer Products Ltd. (UK)
Arkema SA (France)
Drivers, Restraints, Opportunities and Challenges in Textile Coatings Market:
Drivers: Advancement in coating technologies.
Restraints: Threat from bio-based alternatives.
Opportunity: Growing demand for functional textiles.
Challenges: Textile waste and recycling.
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Key Findings of the Study:
Transportation segment is estimated to be the largest type in textile coatings market in 2022, in terms of value.
Thermoset segment is estimated to be the fastest-growing end-use industry for textile coatings market during the forecast period 2023 to 2028.
Asia Pacific was the largest region for the textile coatings market in 2022, in terms of value.
The textile coatings market is …