It is mentioned that the concerned market is estimated to be worth US$4,918.5 mn by 2025, noticeably up from its evaluated worth of US$3,406.0 mn in 2016. At this pace, the CAGR growth would be close to 3.9% during the forecast period.
Albany, NY -- (SBWIRE) -- 09/18/2017 -- Textile coatings are special purpose coatings which are used for coating various textiles, fabrics as well as yarns to shield the materials from different environmental factors. With the development and growth of living standards across the globe, the market for textile coatings is advancing at a significant pace. Market Research Reports Search Engine (MRRSE) has added a fresh analysis to its database titled "Textile Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025", which talks about the current and forecasted status of the textile coatings market on the global, regional, and country levels. Further, it is mentioned that the concerned market is estimated to be worth US$4,918.5 mn by 2025, noticeably up from its evaluated worth of US$3,406.0 mn in 2016. At this pace, the CAGR growth would be close to 3.9% during the forecast period.
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The initial portion of the report highlights an exhaustive value chain analysis for each of the product segments. Further, it presents a comprehensive view of the market with the availability of value chain analysis. Readers can also access information about the prime drivers and restraints for the textile coatings market coupled with their impact on demand during the forecast period (2017-2025).
As the report proceeds, knowledge about Porter's Five Forces Model for the determination of the degree of competition in the textile coatings market proves quite beneficial for the investors. Further, this study focuses on a qualitative write-up on market attractiveness analysis, under which applications and countries have been analyzed on the basis of attractiveness for each region. Moving ahead, market segmentation is offered based on end-use, raw materials, and geography segments. In this report, the market for textile coatings has been segmented into geotextiles, industrial clothing's, upholstery fabric, footwear, medical hygiene and others. This particular segment is evaluated on the grounds of historic, present, and future trends. Taking into account the raw materials aspect, the global textile coatings market is bifurcated into thermoplastic type variation that includes sub-segments of acrylics, polyurethane and polyvinylchloride, and thermoset type variation, which is further divided into natural rubber, silicones and styrene butadiene rubber.
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Geographically, the global market for textile coatings is classified into Europe, North America, Asia Pacific, Middle East & Africa, and Latin America. As per key research findings, it has been analyzed that North America and Europe are known to be the most lucrative regions in terms of revenue, whereas Asia Pacific continues to serve the maximum demand for textile coatings on the basis of volume. The final section of the report offers a competitive outlook that covers market share and profiles of key players operating in the global market.
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