TPU Coated Fabrics Market Size (2023-2030)

The TPU Coated Fabrics Market was evaluated at $2 billion in 2022, and it is projected to reach $ 2.8 billion by the end of 2030, with a CAGR of 4.3% during the forecast period (2023 - 2030).

The primary drivers projected to boost the market growth are the multi-faceted properties of the TPU-coated fabrics and the increasing demand for protective and durable materials across more and more industries.

Industry Overview:

Coated fabrics are used across all industries in fields where durable and resistant materials are required. A subcategory of the coated fabrics are polymer-coated fabrics which in turn contain PU Coated fabrics. The polyurethane-coated fabrics are the largest and the most popular products in the market. Thermoplastic polyurethane or TPU-coated fabrics are the significant byproducts of the same. These fabrics provide properties like oil and water resistance, protection from abrasion, durability, strength, and elasticity that make them extremely desirable. Normal fabrics cannot survive harsh temperatures, pressure, and other environmental conditions. Thus, coating them with TPU ensures that the fabrics can withstand the harshest conditions. This makes the industry extremely popular across several sectors like transportation, aerospace, defense, and more.

COVID-19 impact on the TPU Coated Fabrics Market:

The COVID-19 pandemic has resulted in several tragic outcomes over its course. The virus that was the lead cause of the pandemic was extremely deadly and attacked an individual’s immune system. Due to this several thousands of lives were lost and economies were shut down. Owing to the contagious nature of the virus which made it extremely easy to spread from one infected person to another, governments across the globe imposed lockdown measures. Due to this, factories everywhere shut down, and raw material production was hindered. The workers were not able to run the factories and the social distancing rules made it difficult for the few industries that were still in function. This majorly affected the TPU Coated Fabrics market as the raw materials and the synthetic materials required for its production were no longer available. The supply chain issues prevailed even after the industries opened resulting in the market taking a hit. But the market has observed an incline again in the post-pandemic months and the future for it is extremely hopeful.

Market Drivers:

The multi-faceted properties depicted by the coated fabrics are poised to drive the market growth for TPU Coated Fabrics:

Fabrics used for day-to-day use are not modified and can therefore not withstand extreme conditions. Everyday fabrics lack the durability and resistance properties required to last long against extreme weather conditions like fluctuating temperatures, pressure, and more. To combat this, TPU-Coated fabrics are a great alternative. The fabrics that are coated with thermoplastic polyurethane show extreme wear resistance, i.e. they cannot be easily damaged, torn, or broken apart. Secondly, whenever fabrics are exposed to rough conditions they can have abrasion or scratch marks on them which hold as proof of the friction. These fabrics do not retain abrasion marks. They are also very elastic and can stretch and bend as per requirements and can be molded into a desired form. Furthermore, these coated fabrics are also water and oil resistant so that any spills can be easy to clean up and manage and no long-lasting impressions remain. All the aforementioned properties make the TPU-coated fabrics very desirable and are a primary cause for the market growth.

The increasing demand for protective and durable materials across more and more industries is estimated to propel the market growth:

The TPU-Coated fabrics find their applications in industries like aerospace, defense, transportation, and more. But beyond that, more and more industries are inclining towards coated fabrics. The TPU-coated fabrics provide all the aforementioned properties and more making them extremely desirable. They are used in the aerospace industry in construction of aircrafts, parts and products and more miscellaneous material as they can be made extremely lightweight but still very durable. In the defense sector the fabrics are used for construction of military tents, sleeping bags, and more daily use items. This ensures that the products are safe from harsh conditions where the defense personnel are generally posted. Some versions of the fabrics are also fire-resistant making them the safest option for protective materials. They are also used in wearable clothes for workers across several industries and those prone to long exposures of heat and more. These fabrics are used to make airbags in the transportation sector as the fabric can withstand a lot of pressure and abrasion which is helpful in case of accidents where airbags are required. Thus, the increasing demand for TPU coated fabrics across all sectors is a major market driver.

Market Restraints:

The TPU Coated Fabrics Market's growth is being challenged the relatively harmful nature of the coating material towards the environment:

The raw materials used in coated fabrics in general are not particularly environment friendly. The materials are synthetic like nylon or polyester or they are some form of polymers in most cases which are also known as plastics. The TPU coated fabrics are made with the thermoplastic polyurethane which is not biodegradable. It is extremely difficult to dispose off of these materials. If they are discarded they fill up the landmines and because they’re non-biodegradable they contribute to land pollution. Some waste in thrown into water bodies as well and consequently pollutes them. Some organizations prefer to burn the wastage products but the polymers burn and emit very harmful fumes and sometimes poisonous gases which are terrible for the air quality as well as the life surrounding it. Therefore the environmental concerns regarding the fabrics are a key factor that hinder the market growth.

Market Insights and Developments

• In July 2021, the company Huntsman developed a new age TPU mainly for outdoor sports and recreational activity fabrics. It boasts of being low in waste and being used to manufacture tension fabrics.
• In May 2021, Knitting Industry reported the rise in popularity of the TPU Evolution, a coated yarn product launched by the company CoatYarn. This coated yarn is the perfect mix of comfort and fashion aspects of regular yarn and fabrics combined with the durability and strength properties of the TPU coating.

TPU COATED FABRICS MARKET REPORT COVERAGE:

TPU Coated Fabrics Market- By Component

• Commercial Tent

•  Industrial

• Transportation

•  Furniture

•  Protective Clothing

•  Roofing, Awnings and Canopies

• Others

The transportation sector holds the largest market share amongst the application section. The TPU coated fabrics are used in various aspects of the industry ranging from airbags, seat covers and belts and much more. The protective clothing sector is estimated to be the fastest growing sector during the forecast period of 2022-2030. The increase in government rules and regulations regarding workers safety and the increasing public awareness will lead to rise in the use of TPU coated fabrics in the protective clothing industry.

TPU Coated Fabrics Market- By Region

• North America

• Europe

• Asia-Pacific

• Rest of the World

North America has been the largest market share holder owing to its flourishing transport and industrial sectors. The strict government laws for worker protection also make the region the largest market share holder. The increasing urbanization and industrialization as well as the growth of the transport sector in countries like China, India, Japan and South Korea makes Asia-Pacific the fastest growing market for the TPU coated fabrics.

Major Key Players in the Market

1. Saint-Gobain S.A.

2. Graniteville

3. SRF Limited

4. Bo-Tex America

5. Omnova Solutions Inc.

6. Spradling International, Inc.

7. Continental AG

8.  Trelleborg Ab

9.  Sioen Industries NV

10. Seaman Corporation