The global laminated fabrics market size was US$ 4,087.5 million in 2021. The global laminated fabrics market size is forecast to reach US$ 6,286.9 million by 2030, growing at a compound annual growth rate (CAGR) of 4.90% during the forecast period from 2022 to 2030.
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A polymer film holds two (or more) layers of fabric together to form a laminated fabric. The demand for various types of laminated/coated fabric and clothing has constantly increased due to their development in applications in end-use industries. Some of the major end-use industries that use laminated/coated fabric and apparel are automotive, construction, agriculture, sportswear and equipment, environmental protection, healthcare, and protective clothing. High tensile strength, reduced weight, and better abrasion resistance are just a few of the great qualities of laminated fabric that help it maintain its shape for longer, especially while bending and folding.
Factors Influencing Market Growth
? The growing industrialization and infrastructure development drive the global market.
? The increase in investment in the oil & gas, construction & infrastructure, automotive, chemical, and manufacturing industries and considerable economic advancement in developing countries boost the global market growth.
? The rising adoption of water-based polyurethane due to its eco-friendly nature is forecast to offer lucrative opportunities for the global market.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to curb the virus from spreading. This led to the global closure of physical retail stores and significantly impacted the laminated fabric. In addition, due to the supply chain disturbance, workers returned to their home nations, and shipments decreased.
However, personal protective equipment for healthcare and medical applications is made using medical textiles, specifically to lower the risk of cross-infections and exposure to dangerous compounds like human fluids. As a result, during the pandemic, demand for laminated cloth soared, particularly for medical applications.
Regional Analysis
The Asia Pacific region had a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the increasing automotive sector and rising usage of laminated fabric in the furniture sector. In addition, the growing demand for transportation, industrial applications, and a protective coating.
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Europe is forecast to have considerable growth during the forecast period. As a result of the rising economic development and increasing expenditures in steel & military, oil & gas, automotive, infrastructure, and chemicals industries.
Leading Competitors
The leading prominent companies profiled in the global laminated fabrics market are:
? Robert Kaufman
? Wiman Corporation
? Rajdhani Laminates
? Diatex
? MESA INDUSTRIES
? Laminating Chillers
? Lear Corp.
? JMJ Group
? AKAS Tex
? Ann Kelle
? Barbican
? Art Gallery Fabrics
? Snyder Manufacturing
? Tex Tech Industries
? Don & Low Ltd.
? Other Prominent Players
Scope of the Report
The global laminated fabrics market segmentation focuses on Product Type, Raw Material, Application, Distribution Channel, and Region.
Segmentation based on Product Type
? Single Laminated Fabrics
? Double Laminated Fabrics
Segmentation based on Raw Material
? Fabrics
? Fiber
? Yarns
Segmentation based on Application
? Residential
? Commercial
? Industrial
Segmentation based on Distribution Channel
? Supermarket/Hypermarket
? Specialty Stores
? Online
? Others
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Segmentation based on Region
? North America
? The U.S.
? Canada
? Mexico
? Europe
? Western Europe
? The UK
? Germany
? France
? Italy
? Spain
? Rest of Western Europe
? Eastern Europe
? Poland
? Russia
? Rest of Eastern Europe
? Asia Pacific
? China
? India
? Japan
? Australia & New Zealand
? ASEAN
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? UAE
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Brazil
? Argentina
? Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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