• DiSC Certification | Online DiSC Assessment Certification

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  • The global natural surfactants market size is expected to gain momentum by reaching USD 24.78 billion by 2028 while exhibiting a CAGR of 3.9% between 2021 and 2028.

    Fortune Business Insights in its report, titled “Natural Surfactants Market, 2021-2028.”, mentions that the market stood at USD 18.16 billion in 2020. Factors such as the high demand for renewable petroleum biotechnology across the oil industry and the increasing demand for detergents are anticipated to favor the demand for the product globally. Biosurfactants are extensively adopted across the oil refining chain and in petrochemical component formulations. They act as effective emulsifying/demulsifying agents, biocides for sulfate-reducing bacteria, anticorrosive, fuel formulation, and bitumen extraction from tar sands. Therefore, their growing adoption is likely to play a pivotal role in positively driving the market.

    Information Source - https://www.fortunebusinessinsights.com/natural-surfactants-market-105407

    The drastic effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. The lockdown imposed by the government agencies has led to several industries facing halted industrial operations. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.

    Market Segmentation:

    Based on product, the market is segregated into detergents, industrial & institutional, personal care, oilfield chemicals, and others. Besides, on the basis of application, the market is divided into detergents, industrial & institutional, personal care, oilfield chemicals, and others.

    Based on application, the detergent segment held a global natural surfactants market share of about 45.7% in 2020. The segment is likely to dominate backed by the growing demand for washing machines in the developing economies. This is further expected to propel the demand for advanced natural detergents worldwide.
    Finally, based on the region, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

    What does the Report Include?

    The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period.

    DRIVING FACTORS

    Increasing Demand for Natural Detergents to Augment Growth

    There are several types of detergents such as dishwasher detergents, laundry detergents, and carpet cleaners. The primary role of these detergents is to remove dirt from fabrics and ensure that the fabrics remain smooth. The detergent industry accounts for over half of all-natural surfactant consumption globally. In addition to this, rapid-paced urbanization is leading to the rising number of smart cities and the increasing disposable income is driving the demand for advanced washing appliances. These factors are expected to contribute to the global natural surfactants market growth during the forecast period.

    REGIONAL INSIGHTS

    Europe – The region stood at USD 6.87 billion in 2020 and is expected to hold the highest position in the market during the foreseeable future. This is attributable to the high demand for detergents and oilfield chemicals that is propelling the adoption of these surfactants in the region.

    North America – The market in the region is expected to showcase considerable growth backed by the growing consumer demand for bio-based ingredients across the personal care segment.

    COMPETITIVE LANDSCAPE

    Partnership by Major Companies to Brighten Their Market Prospects

    The global market comprises small, medium, and large companies striving to maintain their presence by partnering with other companies to develop innovative products to cater to the growing demand from the end-users worldwide. Moreover, other key players are adopting strategies such as merger and acquisition, the introduction of new products, and facility expansion that will contribute to the growth of the market during the forecast period.
    The global natural surfactants market size is expected to gain momentum by reaching USD 24.78 billion by 2028 while exhibiting a CAGR of 3.9% between 2021 and 2028. Fortune Business Insights in its report, titled “Natural Surfactants Market, 2021-2028.”, mentions that the market stood at USD 18.16 billion in 2020. Factors such as the high demand for renewable petroleum biotechnology across the oil industry and the increasing demand for detergents are anticipated to favor the demand for the product globally. Biosurfactants are extensively adopted across the oil refining chain and in petrochemical component formulations. They act as effective emulsifying/demulsifying agents, biocides for sulfate-reducing bacteria, anticorrosive, fuel formulation, and bitumen extraction from tar sands. Therefore, their growing adoption is likely to play a pivotal role in positively driving the market. Information Source - https://www.fortunebusinessinsights.com/natural-surfactants-market-105407 The drastic effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. The lockdown imposed by the government agencies has led to several industries facing halted industrial operations. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities. Market Segmentation: Based on product, the market is segregated into detergents, industrial & institutional, personal care, oilfield chemicals, and others. Besides, on the basis of application, the market is divided into detergents, industrial & institutional, personal care, oilfield chemicals, and others. Based on application, the detergent segment held a global natural surfactants market share of about 45.7% in 2020. The segment is likely to dominate backed by the growing demand for washing machines in the developing economies. This is further expected to propel the demand for advanced natural detergents worldwide. Finally, based on the region, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. What does the Report Include? The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period. DRIVING FACTORS Increasing Demand for Natural Detergents to Augment Growth There are several types of detergents such as dishwasher detergents, laundry detergents, and carpet cleaners. The primary role of these detergents is to remove dirt from fabrics and ensure that the fabrics remain smooth. The detergent industry accounts for over half of all-natural surfactant consumption globally. In addition to this, rapid-paced urbanization is leading to the rising number of smart cities and the increasing disposable income is driving the demand for advanced washing appliances. These factors are expected to contribute to the global natural surfactants market growth during the forecast period. REGIONAL INSIGHTS Europe – The region stood at USD 6.87 billion in 2020 and is expected to hold the highest position in the market during the foreseeable future. This is attributable to the high demand for detergents and oilfield chemicals that is propelling the adoption of these surfactants in the region. North America – The market in the region is expected to showcase considerable growth backed by the growing consumer demand for bio-based ingredients across the personal care segment. COMPETITIVE LANDSCAPE Partnership by Major Companies to Brighten Their Market Prospects The global market comprises small, medium, and large companies striving to maintain their presence by partnering with other companies to develop innovative products to cater to the growing demand from the end-users worldwide. Moreover, other key players are adopting strategies such as merger and acquisition, the introduction of new products, and facility expansion that will contribute to the growth of the market during the forecast period.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Natural Surfactants Market Size, Growth & Global Report [2028]
    The global natural surfactants market is projected to grow from $18.92 billion in 2021 to $24.78 billion in 2028 at a CAGR of 3.9% in forecast period.
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  • The global industrial filtration market size is anticipated to reach USD 48.52 Billion by 2026 on account of the rapid urbanization and the increasing need for clean energy and pure water.

    Information Source - https://www.fortunebusinessinsights.com/industry-reports/industrial-filtration-market-101206

    A recent report Fortune Business Insights™ titled, “Industrial Filtration Market Size, Share & Industry Analysis, By Type (Air & Gas Filtration, and Liquid Filtration), By Filter Media (Activated Carbon, Fiberglass, Nonwovens, Metals, Filterpaper, and Combination Filters & Others), By Application (Food & Beverage, Power Generation, Semiconductors & Electronics, Chemicals & Petrochemicals, Healthcare, Metals & Mining, Paper & Paints, and Others), and Regional Forecast, 2019-2026,” offers a 360-degree overview of the market. According to this report, the market value was USD 34.79 Billion in 2018 and rise at a CAGR of 4.3% between 2019 and 2026.
    The global industrial filtration market size is anticipated to reach USD 48.52 Billion by 2026 on account of the rapid urbanization and the increasing need for clean energy and pure water. Information Source - https://www.fortunebusinessinsights.com/industry-reports/industrial-filtration-market-101206 A recent report Fortune Business Insights™ titled, “Industrial Filtration Market Size, Share & Industry Analysis, By Type (Air & Gas Filtration, and Liquid Filtration), By Filter Media (Activated Carbon, Fiberglass, Nonwovens, Metals, Filterpaper, and Combination Filters & Others), By Application (Food & Beverage, Power Generation, Semiconductors & Electronics, Chemicals & Petrochemicals, Healthcare, Metals & Mining, Paper & Paints, and Others), and Regional Forecast, 2019-2026,” offers a 360-degree overview of the market. According to this report, the market value was USD 34.79 Billion in 2018 and rise at a CAGR of 4.3% between 2019 and 2026.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Industrial Filtration Market Size, Share | Industry Report, 2026
    The global industrial filtration market Size was valued at USD 34.79 Billion in 2018 and is projected to reach USD 48.52 Billion by 2026, exhibiting a CAGR of 4.3% during the forecast period.
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  • The global flexitank market size is projected to reach USD 1,201.6 million by the end of 2027. The increasing investment in the development of sustainable products associated with the manufacturing of flexitank will aid the growth of the market in the coming years.

    Information Source- https://www.fortunebusinessinsights.com/flexitank-market-103047

    The increasing number of regulatory approvals for transport and distribution networks will bode well for the market. According to a report published by Fortune Business Insights, titled “Flexitank Market Size, Share & Industry Analysis, By Reusability (Single Use and Reusable), By Product (Monolayer and Multilayer), By Loading Type (Top Loading and Bottom Loading), By Application (Food-Grade Liquids [Alcoholic Beverages; Edible Oils; Juices, Concentrates, and Syrups; and Others], Non-Hazardous Liquid Chemicals, and Pharmaceutical Liquids), and Regional Forecast, 2020-2027,” the market was worth USD 439.3 million in 2019 and will exhibit a CAGR of 13.7% during the forecast period, 2019-2026.
    The global flexitank market size is projected to reach USD 1,201.6 million by the end of 2027. The increasing investment in the development of sustainable products associated with the manufacturing of flexitank will aid the growth of the market in the coming years. Information Source- https://www.fortunebusinessinsights.com/flexitank-market-103047 The increasing number of regulatory approvals for transport and distribution networks will bode well for the market. According to a report published by Fortune Business Insights, titled “Flexitank Market Size, Share & Industry Analysis, By Reusability (Single Use and Reusable), By Product (Monolayer and Multilayer), By Loading Type (Top Loading and Bottom Loading), By Application (Food-Grade Liquids [Alcoholic Beverages; Edible Oils; Juices, Concentrates, and Syrups; and Others], Non-Hazardous Liquid Chemicals, and Pharmaceutical Liquids), and Regional Forecast, 2020-2027,” the market was worth USD 439.3 million in 2019 and will exhibit a CAGR of 13.7% during the forecast period, 2019-2026.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Flexitank Market Size, Share, Growth | Global Industry Report [2027]
    The global flexitank market size is projected to reach USD 1,201.6 million by 2027, exhibiting a CAGR of 13.7% during the forecast period
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  • The advantages of using such #strobe #lighting #warning #products are that they last quite a long time and are also rather efficient when it comes to power use.
    https://theaussieexperience.mystrikingly.com/blog/everything-you-need-to-know-about-warning-lights
    The advantages of using such #strobe #lighting #warning #products are that they last quite a long time and are also rather efficient when it comes to power use. https://theaussieexperience.mystrikingly.com/blog/everything-you-need-to-know-about-warning-lights
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  • Automotive Tapes Market Growth Status, Movements by Trend Analysis, Revenue Expectation to 2026
    The global automotive tapes market size projected to reach USD 6.40 billion. The increasing applications of the product will fuel it demand across diverse industries. According to a report published by Fortune Business Insights, titled “Automotive Tapes Market Size, Share and Global Trend by Type (Specialty, Double-sided, Masking, Others), By Function (Bonding, Masking, Noise, vibration, and harshness {NVH}, Others), By Application (Interior, Exterior, Wire Harnessing, Others) and Geography Forecast till 2026,” the market was worth USD 5.17 billion in 2018 and will exhibit a CAGR of 3.16% during the forecast period, 2019-2026.

    Automotive tapes are widely used across the automotive industry. The increasing emphasis on development of sustainable and durable tapes has derived huge investments from manufacturers across the world. This has caught the eye of companies from other industries, as well, and has encouraged them to deviate from their core strategies and invest in automotive tapes. The increasing emphasis on product R&D has yielded a few exceptional products in recent years and has attracted attention from consumers from consumers across the world. Variations in product offerings have allowed widespread applications, subsequently aiding the growth of the market. The healthy market competition has encouraged competitors to adopt newer strategies. Altogether, these factors will have a positive impact on the growth of the market in the coming years.


    Increasing Number of Company Mergers Will Aid Market Growth

    The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing company mergers and collaborations have made a massive impact on the growth of the market. In August 2019, Bostik announced that it plans to acquire Prochimir. Through this acquisition, the company plans to expand its thermos-bonding solutions. Considering the massive global reach of both of these companies, the collaboration will have a huge impact, not just on their businesses, but also on the global market. The report includes a few of the major company collaborations of recent times and gauges their impact on the growth of the market.

    Asia Pacific to Emerge Dominant; Increasing Disposable Income in Major Countries to Aid Growth

    The report analyzes the ongoing automotive tapes market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific currently holds the largest market share. The increasing disposable income in emerging countries such as India and China will emerge in favor of market growth. Besides Asia Pacific, the market in North America will also witness considerable growth. As of 2018, the market in North America was worth USD 726.99 million and this value is projected to increase further in the coming years.

    Industry Developments:

    August2019 - Toray Advanced Composites signed an agreement with BASF SE for manufacturing and supply of continuous fibre-reinforced thermoplastic (CFRT) tapes.

    Browse In-depth Summary of This Research Insight@

    https://www.fortunebusinessinsights.com/automotive-tapes-market-102417
    Automotive Tapes Market Growth Status, Movements by Trend Analysis, Revenue Expectation to 2026 The global automotive tapes market size projected to reach USD 6.40 billion. The increasing applications of the product will fuel it demand across diverse industries. According to a report published by Fortune Business Insights, titled “Automotive Tapes Market Size, Share and Global Trend by Type (Specialty, Double-sided, Masking, Others), By Function (Bonding, Masking, Noise, vibration, and harshness {NVH}, Others), By Application (Interior, Exterior, Wire Harnessing, Others) and Geography Forecast till 2026,” the market was worth USD 5.17 billion in 2018 and will exhibit a CAGR of 3.16% during the forecast period, 2019-2026. Automotive tapes are widely used across the automotive industry. The increasing emphasis on development of sustainable and durable tapes has derived huge investments from manufacturers across the world. This has caught the eye of companies from other industries, as well, and has encouraged them to deviate from their core strategies and invest in automotive tapes. The increasing emphasis on product R&D has yielded a few exceptional products in recent years and has attracted attention from consumers from consumers across the world. Variations in product offerings have allowed widespread applications, subsequently aiding the growth of the market. The healthy market competition has encouraged competitors to adopt newer strategies. Altogether, these factors will have a positive impact on the growth of the market in the coming years. Increasing Number of Company Mergers Will Aid Market Growth The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing company mergers and collaborations have made a massive impact on the growth of the market. In August 2019, Bostik announced that it plans to acquire Prochimir. Through this acquisition, the company plans to expand its thermos-bonding solutions. Considering the massive global reach of both of these companies, the collaboration will have a huge impact, not just on their businesses, but also on the global market. The report includes a few of the major company collaborations of recent times and gauges their impact on the growth of the market. Asia Pacific to Emerge Dominant; Increasing Disposable Income in Major Countries to Aid Growth The report analyzes the ongoing automotive tapes market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific currently holds the largest market share. The increasing disposable income in emerging countries such as India and China will emerge in favor of market growth. Besides Asia Pacific, the market in North America will also witness considerable growth. As of 2018, the market in North America was worth USD 726.99 million and this value is projected to increase further in the coming years. Industry Developments: August2019 - Toray Advanced Composites signed an agreement with BASF SE for manufacturing and supply of continuous fibre-reinforced thermoplastic (CFRT) tapes. Browse In-depth Summary of This Research Insight@ https://www.fortunebusinessinsights.com/automotive-tapes-market-102417
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Automotive Tapes Market Size, Industry Share, Global Report, 2032
    The global automotive tapes market Size was valued at USD 5.17 billion in 2018 is projected to reach USD 6.40 billion by 2026, exhibiting a CAGR of 3.16% during the forecast period from 2019 - 2026
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  • Insulation Market 2021-2026 | Revenue & Growth Forecast by Product, Material & Industry Players
    The global insulation market size is expected to reach USD 79.06 billion by 2026, on account of the increasing number of building and construction activities worldwide. Insulation is used for maintaining the average temperature inside a building by reducing the transfer of heat between adjacent environments. Additionally, it reduces carbon footprint by restricting heat conduction to the external environment and utilizing less energy for maintaining an average temperature. According to a recently published report by Fortune Business insights™ titled, “Insulation Market Size, Share and Global Trend, By Material (Mineral Wools {Glass Wool, Stone Wool}, Foamed Plastics {Expanded Polystyrene [EPS], Extruded Polystyrene [XPS], Polyurethane [PU], Polyisocyanurate [PIR], Others}, Cellulose, Aerogels, Others), By Application (HVAC & OEM, Transportation, Packaging, Building & Construction, Others), and Geography Forecast till 2026,” the market size was USD 55.16 billion in 2018 and is projected to exhibit a CAGR of 4.6% between 2019 to 2026.

    Report Overview

    The report provides a comprehensive overview of the market, predominantly focusing on factors driving, restricting, challenging, and giving an opportunity to the market. It also offers competitive landscape of the market with list of key players and the strategies adopted by them for gaining momentum in the market competition. Besides this, the report talks about various segments of the market based on factors such as material, application, and geographies and the names of the leading segments. Furthermore, the report lists key industry developments, current insulation market trends, and other interesting insights into the market.

    Market Drivers

    Fire Resistant Property of Insulated Buildings to Attract High Market Revenue

    Two significant factors are primarily responsible for the global insulation market growth. These include the increasing requirement for insulation in the building and construction industry to maintain the indoor temperature and to reduce the carbon footprint of the building. Secondly, insulation offers properties such as fire, impact, and acoustic resistance to building structures, and this is further anticipated to aid in the expansion of the market in the forecast period.

    Regional Segmentation:

    Asia Pacific to Emerge Dominant Attributable to Government-supported Sustainable Infrastructural Development

    Geographically, Asia Pacific is holding the largest insulation market share on account of the swift development of economic powerhouses that emphasizes strongly on energy-saving solutions for infrastructural development, supported by regional governments. On the other side, the markets in Europe and North America will witness significant growth in the forecast period. In 2018, North America generated a revenue of USD 12.08 billion. According to a lead analyst at Fortune Business Insights™, “This growth is attributed to the increasing awareness about advantages of insulation and rise in need for Zero-energy-buildings policies set as environmental regulations.”


    Browse Link: -

    https://www.fortunebusinessinsights.com/insulation-market-102423
    Insulation Market 2021-2026 | Revenue & Growth Forecast by Product, Material & Industry Players The global insulation market size is expected to reach USD 79.06 billion by 2026, on account of the increasing number of building and construction activities worldwide. Insulation is used for maintaining the average temperature inside a building by reducing the transfer of heat between adjacent environments. Additionally, it reduces carbon footprint by restricting heat conduction to the external environment and utilizing less energy for maintaining an average temperature. According to a recently published report by Fortune Business insights™ titled, “Insulation Market Size, Share and Global Trend, By Material (Mineral Wools {Glass Wool, Stone Wool}, Foamed Plastics {Expanded Polystyrene [EPS], Extruded Polystyrene [XPS], Polyurethane [PU], Polyisocyanurate [PIR], Others}, Cellulose, Aerogels, Others), By Application (HVAC & OEM, Transportation, Packaging, Building & Construction, Others), and Geography Forecast till 2026,” the market size was USD 55.16 billion in 2018 and is projected to exhibit a CAGR of 4.6% between 2019 to 2026. Report Overview The report provides a comprehensive overview of the market, predominantly focusing on factors driving, restricting, challenging, and giving an opportunity to the market. It also offers competitive landscape of the market with list of key players and the strategies adopted by them for gaining momentum in the market competition. Besides this, the report talks about various segments of the market based on factors such as material, application, and geographies and the names of the leading segments. Furthermore, the report lists key industry developments, current insulation market trends, and other interesting insights into the market. Market Drivers Fire Resistant Property of Insulated Buildings to Attract High Market Revenue Two significant factors are primarily responsible for the global insulation market growth. These include the increasing requirement for insulation in the building and construction industry to maintain the indoor temperature and to reduce the carbon footprint of the building. Secondly, insulation offers properties such as fire, impact, and acoustic resistance to building structures, and this is further anticipated to aid in the expansion of the market in the forecast period. Regional Segmentation: Asia Pacific to Emerge Dominant Attributable to Government-supported Sustainable Infrastructural Development Geographically, Asia Pacific is holding the largest insulation market share on account of the swift development of economic powerhouses that emphasizes strongly on energy-saving solutions for infrastructural development, supported by regional governments. On the other side, the markets in Europe and North America will witness significant growth in the forecast period. In 2018, North America generated a revenue of USD 12.08 billion. According to a lead analyst at Fortune Business Insights™, “This growth is attributed to the increasing awareness about advantages of insulation and rise in need for Zero-energy-buildings policies set as environmental regulations.” Browse Link: - https://www.fortunebusinessinsights.com/insulation-market-102423
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Insulation Market Share, Global Trends, Industry Revenue, Forecast, 2032
    The global insulation market Size was valued at USD 55.16 billion in 2018 and is projected to reach USD 79.06 billion by 2026, exhibiting a CAGR of 4.6% during the forecast period.
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  • Coated Fabric Market Share, Top players & Geographical Segmentation with Forecast to 2029
    The global coated fabric market size is likely to gain impetus from their rising utilization in producing military wear and protective clothing worldwide. Besides, the ongoing number of construction projects owing to the increasing investments in chemical, oil and gas, infrastructure,and automotive and transportation industries would affect the market positively. This information is given by Fortune Business Insights™ in a recently published report, titled, “Coated Fabric Market Size, Share and Industry Analysis, by Product (Polymer Coated Fabric, Rubber Coated Fabric, and Fabric Backed Wall Coverings), By Application (Protective Clothing, Transportation, Furniture, Industrial, and Others) and Regional Forecast, 2019-2026.” The report further states that the coated fabric market size stood at USD 34.89 billion in 2018. It is anticipated to reach USD 49.41 billion by 2026, exhibiting a CAGR of 4.5% during the forecast period.

    Drivers & Restraints:

    Increasing Automotive Production to Propel Growth

    Coated fabrics are majorly used in vehicles to improve the feel and appearance of their interior. Varnish or oil finishes, plastics, lacquer, rubber, PVC, and resins are some of the materials that are extensively used to process or coat fabric. Automotive coated fabric is oil-repellent, rot-proof, UV resistant, water resistant, and anti-corrosive. Nowadays, numerous automotive manufacturers are using OMNAVA coated fabric upholsteries to enhance a vehicle’s performance, provide impressive design, excellent touch, durable performance, low emissions, and environmental features. OMNOVA delivers auto OEMs superior quality fabric. Overall, increasing production of automotive and rising per capita income are set to augment the coated fabrics market growth in the coming years. However, fluctuations in the prices of raw materials may hinder the market growth.

    Competitive Landscape:

    Key Players Aim to Strengthen Position through Strategic Partnerships

    The market is highly competitive. Renowned organizations are mainly aiming to gain the maximum share by adopting the strategy of collaboration and partnership. Companies, such as Saint-Gobain Performance Plastics, Trelleborg, Fothergill Group, and SRF Limited are the dominant companies in terms of share.

    Segmentation:

    Government Rules Regarding Vehicle Safety to Favor Growth of Transportation Segment

    Based on application, the market is fragmented into industrial, furniture, transportation, protective clothing, and others. Out of these, the transportation segment is projected to generate the largest coated fabrics market share during the forthcoming period fueled by the ongoing development in rail and road transportation, as well as surging sales of automobiles. These products are used the most in the automotive sector for making interiors, air bags, seats, roofing, and seat belts. Above that, the governments of several countries are putting forward various strict norms and regulations regarding vehicle safety and security. It is, in turn, aiding the manufacturers in installing air bags in every vehicle. Also, high demand for passenger and commercial vehicles would spur growth of this segment. The protective clothing segment held a share of 18.70% in 2018.

    Information source:

    https://www.fortunebusinessinsights.com/coated-fabric-market-102546
    Coated Fabric Market Share, Top players & Geographical Segmentation with Forecast to 2029 The global coated fabric market size is likely to gain impetus from their rising utilization in producing military wear and protective clothing worldwide. Besides, the ongoing number of construction projects owing to the increasing investments in chemical, oil and gas, infrastructure,and automotive and transportation industries would affect the market positively. This information is given by Fortune Business Insights™ in a recently published report, titled, “Coated Fabric Market Size, Share and Industry Analysis, by Product (Polymer Coated Fabric, Rubber Coated Fabric, and Fabric Backed Wall Coverings), By Application (Protective Clothing, Transportation, Furniture, Industrial, and Others) and Regional Forecast, 2019-2026.” The report further states that the coated fabric market size stood at USD 34.89 billion in 2018. It is anticipated to reach USD 49.41 billion by 2026, exhibiting a CAGR of 4.5% during the forecast period. Drivers & Restraints: Increasing Automotive Production to Propel Growth Coated fabrics are majorly used in vehicles to improve the feel and appearance of their interior. Varnish or oil finishes, plastics, lacquer, rubber, PVC, and resins are some of the materials that are extensively used to process or coat fabric. Automotive coated fabric is oil-repellent, rot-proof, UV resistant, water resistant, and anti-corrosive. Nowadays, numerous automotive manufacturers are using OMNAVA coated fabric upholsteries to enhance a vehicle’s performance, provide impressive design, excellent touch, durable performance, low emissions, and environmental features. OMNOVA delivers auto OEMs superior quality fabric. Overall, increasing production of automotive and rising per capita income are set to augment the coated fabrics market growth in the coming years. However, fluctuations in the prices of raw materials may hinder the market growth. Competitive Landscape: Key Players Aim to Strengthen Position through Strategic Partnerships The market is highly competitive. Renowned organizations are mainly aiming to gain the maximum share by adopting the strategy of collaboration and partnership. Companies, such as Saint-Gobain Performance Plastics, Trelleborg, Fothergill Group, and SRF Limited are the dominant companies in terms of share. Segmentation: Government Rules Regarding Vehicle Safety to Favor Growth of Transportation Segment Based on application, the market is fragmented into industrial, furniture, transportation, protective clothing, and others. Out of these, the transportation segment is projected to generate the largest coated fabrics market share during the forthcoming period fueled by the ongoing development in rail and road transportation, as well as surging sales of automobiles. These products are used the most in the automotive sector for making interiors, air bags, seats, roofing, and seat belts. Above that, the governments of several countries are putting forward various strict norms and regulations regarding vehicle safety and security. It is, in turn, aiding the manufacturers in installing air bags in every vehicle. Also, high demand for passenger and commercial vehicles would spur growth of this segment. The protective clothing segment held a share of 18.70% in 2018. Information source: https://www.fortunebusinessinsights.com/coated-fabric-market-102546
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Coated Fabric Market Size, Share, Growth | Global Report, 2026
    The global coated fabric market size was USD 34.89 billion in 2018 and is projected to reach USD 49.41 billion by 2026, exhibiting a CAGR of 4.5% during the forecast period.
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