The global silicone fabrics market is estimated to be USD 4.0 billion in 2021 and is projected to reach USD 5.5 billion by 2026, at a CAGR of 6.8%, between 2021 and 2026. The growth of the coated fabrics market is primarily triggered by the huge demand from the transportation and protective clothing applications. APAC is estimated to be the largest coated fabrics market due to increasing population in the continent, improving economic conditions, such as rising GDP & disposable incomes and booming manufacturing sector

By base fabric, the fiberglass segment accounted for the largest share in the overall Silicone fabrics market. This growth can be attributed to the low cost, high performance, suitability to several industrial applications, and strong resistance to heat, water and UV supports for the growth of the silicone coated fiberglass fabrics market. Similarly, the polyamide segment is mainly driven by increasing demand for the airbags across the globe. Also, it is supported by the stringent government regulation in developed as well as developing countries.

Get PDF Brochure for Research Insights at: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=63640718

The industrial fabric segment led the overall Silicone fabrics market in 2020, both in terms of value and volume. It is used across several industrial applications such as conveyor belts, insulation, gaskets, hoses, and heat shield, among other. With the growth of the manufacturing industry across the globe, the demand for silicone fabrics is increasing steadily.

The silicon coated market is dominated by large players, such as Elkem (US), 3M Company (US), Auburn Manufacturing Inc. (US), Nott Company( US), Mid-Mountain Materials, Inc (US), Newtex Industries, Inc (US), Precision Coating & Coated Fabrics (US) Trelleborg AB (Sweden), COMPAGNIE DE SAINT-GOBAIN S.A. (France), and Serge Ferrari Group (France). These players have adopted several strategies, such as acquisitions, agreements, and expansions, to enhance their market footprint and product portfolios.

Owing to the COVID-19 pandemic, there has been a significant slump in demand for silicon fabrics across the globe. However, the company such as Elkem and Serge Ferrari had developed silicon fabrics for high growth application such as marine, medical and healthcare, among other. Also, through aggressive marketing and online platform, the company is focussing to reduce the lead time to customer and to increase its presence in the global market.

Over the recent past, the Trelleborg AB has channelized efforts toward the expansion of the business through the inorganic growth strategy. In line with this strategy, in recent years, the company acquired several local as well as regional players, which has a significant presence in the market. The company, thus, targets several end-use industries of North America with a wide product offering to cater to the ever-changing demand from industries.

For instance, in 2019, the company had acquired US-based Laminating Coating Technologies, Inc. (Lamcotec) which was mainly engaged in the manufacturing of coated fabrics.
In 2020, during the COVID-19 pandemic, Serge Ferrari had tested Stamskin One and Stamoid Smart fabrics compatibility in the healthcare facilities to ensure the utmost safety of place from bacterial and viruses. Thereby, the company is expected to gain a competitive edge over the other players and will gain market share in comping years. However, the company does not have a manufacturing facility in North America.

Most of the European and North American countries, especially Italy, Spain, the UK, France, the US, and Germany, are severely impacted by the COVID-19 pandemic. The suspension of manufacturing operations in several industrial sectors has resulted in a slump in demand for the silicon coated fabric. Moreover, owing to the COVID-19 pandemic, the demand from the manufacturing sector had slumped sharply in the 2020. However, during pandemic period, the demand for silicone fabric in medical and healthcare sector was increased due to construction of temporary medical facilities, and rising awareness which, in turn, support to marginal offset the decline in demand.

If You Want To Know More About Report Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=63640718

Other companies have initiated the following developments:

In April 2021, KAP AG the Company invested several million dollars for the expansion of production capacity in the German plant in Hessisch Lichtenau.
In August 2020, Serge Ferrari had launched Stamoid Smart 1. product in North America market for standard boat, equipment covers materials and protective cover application.
In October 2018, Saint Gobain acquired Kaimann, a European manufacturer of elastomeric products. This transaction strengthened its position in the European industrial insulation market.
About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]