Dublin, Oct. 26, 2023 (GLOBE NEWSWIRE) -- The "Rubber Coated Fabric Market by Type, Application (Protective Suits & Gloves, Boats & Gangway Bellows, Transmission & Conveyor Belts), End-use (Protective Clothing, Industrial, Transportation & Watercraft), and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The rubber coated fabric market is projected to grow from USD 6,357 million in 2023 to USD 7,787 million by 2028, at a CAGR of 4.1% from 2023 to 2028.
The rubber coated fabric contactor market is on the way to intense growth due to different applications, including protective suits & gloves, boats & gangway bellows, transmission and conveyor belts, outdoor gear & rainwear, and gaskets & diaphragms.
By type, the natural rubber coated fabric is expected to be the second larger segment during 2023 to 2028.
The need for eco-friendly materials is rising as environmental sustainability is being stressed more and more. The latex of rubber trees, which is used to make natural rubber coated fabric, is regarded as a renewable and biodegradable resource. Industries and consumers looking for environmental-friendly solutions is driving demand for natural rubber coated fabric.
By application, protective suits & gloves segment is estimated to grow at the highest CAGR during 2023 to 2028.
Chemical production, pharmaceuticals, healthcare, construction, and agriculture are some of the few industries which are exposed to harmful materials, chemicals, and biological agents. Rubber coated fabric offers resistance to physical, chemical, and penetrating concerns, acting as a barrier against these occupational risks. Thus, the desire for reliable protection drives the market for rubber coated fabric in protective suits and gloves.
By end-use, protective clothing was the largest segment in 2022, by volume.
Chemical production, pharmaceuticals, healthcare, construction, and agriculture are some of the few industries which are exposed to harmful materials, chemicals, and biological agents. Rubber coated fabric offers resistance to physical, chemical, and penetrating concerns, acting as a barrier against these occupational risks. Thus, the desire for reliable protection drives the market for rubber coated fabric in protective suits and gloves.
By region, Europe is expected to be the second largest market in 2023, by value.
Many industries in Europe need specialized rubber coated fabric for particular applications. For instance, rubber coated cloth is required by the marine and offshore industries for oil containment booms, fender systems, and boat covers. Rubber coated fabric is used by the aerospace industry for gaskets, wing seals, and fuel tank gaskets on aircraft. Thus, the need for specialized rubber coated fabric in these applications fuels the market's expansion in the region.
Premium Insights
- Increasing Demand from Various End-Use Applications to Drive Market
- Middle East & Africa to Register Highest CAGR, by Volume, from 2023 to 2028
- Synthetic Rubber Segment Held Larger Market Share, by Volume, in 2022
- Protective Suits & Gloves Segment to Hold Largest Market Share Between 2023-2028
- Protective Clothing Segment to Register Highest CAGR, by Volume, During Forecast Period
Market Dynamics
Drivers
- Increasing Safety Measures in Transportation Application
- Stringent Regulatory Requirements for Worker Safety
Restraints
- Release of Pollutants During Manufacturing Process
- Availability of Low-Cost Substitutes
Opportunities
- Potential for New Applications Due to Technological Advancements
- Growing Demand Across Industries
Challenges
- Fluctuating Raw Material Prices
- Stringent Industry Standards and Regulations
Companies Mentioned
- American Fabric Filter
- Arville Textiles Limited
- Auburn Manufacturing, Inc.
- Bobet Company
- Caodetex S.A.
- Colmant Coated Fabrics
- Continental AG
- Fabri Cote
- Fothergill Group
- Kanha Vanijya Pvt Ltd.
- Kurwa Rubber & Valves
- Neeta Bellows
- Polymertechnik Ortrand GmbH
- Ravasco Transmission and Packing Private Limited
- Saint-Gobain S.A.
- The Rubber Company
- Trelleborg Ab
- Unirub Techno India Private Limited
- White Cross Rubber Products Limited
- Zenith Rubber
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 192 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $6.3 Billion |
| Forecasted Market Value (USD) by 2028 | $7.7 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/4d4hxn
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