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.
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.
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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.
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.
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