The global silicone coated fabrics market size is expected to grow exponentially because of its high adoption in various sectors. Silicone-coated fabrics are used for protection against thermal insulation, gaskets, weld splatter & slag, and removable pad insulation, which, in turn, can bolster market growth. Fortune Business Insights™ mentions this information in its report titled "Silicone Coated Fabrics Market, 2021-2028."
Silicone coated fabrics are synthetically and naturally produced materials. It is flame retardant, abrasion-resistant, and chemical resistant. It offers excellent resistance against harsh environmental conditions. In addition, its increasing applications in construction, aerospace & defense, industrial, and automotive sectors are likely to boost the product demand. Silicone coated fabrics protect buildings, automobiles, aircraft, and machines against weld splatter & slag, gaskets, removable pad insulation, and thermal insulation barriers. Thus, this factor can boost market growth for the foreseeable period.
Impact of COVID-19
Halt on Production Activities to Slump Market Growth
This market is adversely affected during the COVID-19 market due to the halt in production of the automobile, construction, and industrial components. The sudden spike in COVID-19 patients has led to stringent government restrictions on production activities. The lack of raw materials and the halt in manufacturing activities are likely to slump the market growth. The alarmingly increasing cases in India are likely to hamper the market in the region. However, the companies have accommodated part-time shifts and reduced working capacity to recover their costs and enhance their productivity.
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Segments
Based on type, the market is segmented into silicone-coated polyester fabric, silicone-coated cotton fabric, silicone coated glass fabric, silicone coated fiberglass fabric, and others. On the basis of applications, it is divided into aerospace, automotive, construction, industrial, and others. Geographically, it is grouped into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Highlights of the Report
The report analyzes the top segments and the latest trends. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the global market. Additionally, it examines the regional developments and the strategies devised by the market's key players.
Drivers and Restraints
Strong Demand for Silicone Coated Fabrics from Aerospace Sector to Boost Market Growth
Silicone fabric is a thin, strong, and flexible material that provides long shelf life, reliability, great performance, and consistency. It is extensively used in the aircraft industry because of its superior resistance against harsh climatic conditions and excellent tensile strength. It is used as airbags, closure assemblies in aircraft walkways, and robot covers to protect aircraft against unfavorable climates. In addition, the silicone-coated fabric is also used in insulation blankets, pads, mattresses, and covers. Therefore, increasing application of silicone coated fabrics in the aerospace sector is expected to drive the silicone coated fabrics market growth in the upcoming years.
However, the availability of aluminized acrylic and PTE materials is expected to hamper the market growth.
Regional Insights
Healthy Product Demand from the Construction Industry to Foster Growth in Asia Pacific
Asia Pacific is projected to dominate the silicone coated fabrics market share because of the strong demand for silicone coated fabrics from the construction industry. The infrastructure development of emerging economies is likely to boost the market growth.
Robust demand for polyester and fiberglass fabric from the aerospace sector of North America is likely to boost product demand. The US and Canada are the major consumers of silicone coated fabrics in the region, which, in turn, shall boost the market growth.
In Europe, the rising demand for silicone coated fabrics from the automotive industry is expected to bolster market growth.
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Competitive Landscape
Technological Advancements in Manufacturing by Prominent Players to Enhance Brand Image Position
The prominent companies heavily focus on improving their production techniques to produce better quality silicone coated fabrics. The adoption of advanced technologies in production activities improves efficiency and enhances its brand positioning. Furthermore, the companies are partnering with other players to launch new products that enhance their market position. The companies are heavily investing in research and development to enhance the resistance of silicone coated fabrics and improve their resistance against uneven climates. This strategy shall enhance their business and increase their annual revenue.
List of Key Players Profiled in the Silicone Coated Fabrics Market Report
- Mid-Mountain Materials Inc.
- COLMANT COATED FABRICS
- Saint-Gobain Performance Plastics
- Shree firepack Safety Private Ltd
- Elkem Silicones
- FIBERFLON
- AUSTEF PRODUCTS PTY LTD
- ElectroHeat Swedon AB
- Mineral Seal Corporation
- Darshan Safety Zone
- Andrew Roberts, Inc.
- Suntex Composite Industrial Co. Ltd.
- Om Industrial Fabrics
- Taconic
- Auburn Mnaufacturing, Inc.
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