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 transportation and protective clothing applications. APAC is estimated to be the largest coated fabrics market due to the increasing population in the continent, improving economic conditions, such as rising GDP & disposable incomes and a booming manufacturing sector.
Factors such as stringent government regulations regarding passenger safety in automotive, growth of manufacturing industries, increasing demand for protective clothing, and growing adoption in the upholstery and furniture industry are driving the Silicone fabrics market. Moreover, the increasing demand for superior quality, high performance, and durable fabrics in consumer good manufacturing are expected to offer opportunities for Silicone fabrics manufacturers.
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.
