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Textile Coatings Market Share

ID: MRFR//4457-CR | 111 Pages | Author: Chitranshi Jaiswal| August 2023

Introduction: Navigating Competitive Momentum in the Textile Coatings Landscape

The textile coatings market is experiencing a period of transformation. The adoption of new technology, the emergence of new regulatory frameworks, and the growing consumer expectations for performance and the environment are driving change. The leading players, including the original equipment manufacturers, the specialty chemical companies, and the newcomers, are implementing advanced technology such as AI-based data analysis, IoT integration, and green materials. In particular, the original equipment manufacturers are focusing on improving the performance and lifespan of products. The specialty chemical companies are investing in R & D to develop high-performance, eco-friendly coatings. Disruptive technology, especially automation and green building, is changing the competitive landscape and forcing established players to respond quickly. The regional market, especially Asia-Pacific and North America, offers significant growth opportunities. The strategic deployment will focus more on local production and supply chain resilience, making the market more dynamic and competitive through 2025.

Competitive Positioning

Full-Suite Integrators

These vendors offer a comprehensive range of products and services that span the entire textile coatings spectrum.

VendorCompetitive EdgeSolution FocusRegional Focus
BASF Broad product portfolio and innovation Chemical solutions for textile coatings Global
Clariant Sustainability-focused product development Specialty chemicals for textiles Europe, Asia, Americas
Dow Advanced polymer technology expertise Coating and adhesive solutions Global
Huntsman Diverse product range and customization Textile chemicals and coatings Global

Specialized Technology Vendors

These suppliers focus on a range of specialised coatings, and on innovations tailored to the individual requirements of specific textile applications.

VendorCompetitive EdgeSolution FocusRegional Focus
Archroma Innovative color and specialty chemicals Dyes and textile chemicals Global
Momentive Silicone-based solutions for textiles Silicone coatings and treatments Global
Wacker Chemie Silicone and polymer technology leader Silicone coatings for textiles Global
3M Innovative adhesive and coating technologies Functional coatings and adhesives Global

Infrastructure & Equipment Providers

The equipment and the necessary establishments are supplied by them for the coating of fabrics.

VendorCompetitive EdgeSolution FocusRegional Focus
Covestro High-performance polymer solutions Polymer coatings and materials Global
Bayer Strong R&D capabilities in materials Coating materials and additives Global
SABIC Innovative polymer and resin solutions Polymer coatings and additives Global
Textron Specialized equipment for textile processing Textile machinery and equipment North America, Europe
DuluxGroup Strong brand presence in coatings Decorative and protective coatings Australia, New Zealand

Emerging Players & Regional Champions

  • EcoCoat (USA) - Specializes in bio-based coatings of textiles, recently won a contract with a large clothing brand for sustainable fabrics, competes with the established suppliers by promoting the environment.
  • Nano-Tex (USA): Nano-Tex is an American company that has developed a special coating that makes it possible to make fabrics more water and stain resistant. The company has just completed a project for a large outdoor manufacturer, complementing its traditional suppliers with a performance improvement.
  • B. A. S. F., Germany.—This company, which makes high-performance textile coatings with a special eye to the environment, has recently made a cooperative agreement with a European fashion house to develop biodegradable coatings and thereby seeks to supplant the conventional chemical suppliers.
  • Sika AG (Switzerland) - Special coatings for technical textiles, has recently received an order for the automobile industry, offers tailored solutions for niche markets.
  • Huntsman (USA): The Huntsman Company develops new coatings for textiles, focusing on both performance and wear. It has recently worked with a sports brand to increase the life of the fabric, thereby challenging the established order of the textile industry.

Regional Trends: In 2024, the textile coatings market is characterized by a notable trend towards the development of sustainable materials, especially in North America and Europe. Nano-technology is also gaining in importance, especially in the Asia-Pacific region, where the demand for high-performance textiles is growing. The trend towards a focus on niche solutions, which meet specific market requirements, creates opportunities for new players to compete with established suppliers.

Collaborations & M&A Movements

  • In order to develop sustainable textile coatings based on bio-based materials, BASF and Covestro have entered into a partnership to strengthen their market position in the eco-friendly segment of the market.
  • Huntsman has acquired the textile coatings division of a local competitor to increase its product range and market share in the Asia-Pacific region.
  • Dow and Archroma have announced a collaboration in the development of water-repellent textile coatings, focusing on the increasing requirements of the textile industry for sustainable practices.

Competitive Summary Table

CapabilityLeading PlayersRemarks
Sustainability BASF, Dow, Huntsman BASF has already implemented a bio-based textile coating with reduced impact on the environment, while Dow has concentrated on water-based systems that minimize VOC emissions. Huntsman has developed a polyurethane coating that is gaining market acceptance.
Durability Clariant, Solvay Clariant’s textile coatings are characterized by their excellent wear resistance, which makes them suitable for outdoor use. Case studies show that they have a positive effect on the performance of the coated textiles under severe conditions.
Functionality 3M, DuPont Then a new kind of fabric is needed. The company 3M offers a new generation of fabrics that are resistant to stains and breathable. DuPont's Teflon is a model of this kind of protection. It is recommended by many manufacturers of clothing.
Customization SABIC, Covestro The range of solutions SABIC provides for the textile industry is adapted to each application and offers unique properties and finishes. Covestro’s tailor-made coatings have been successfully used in various fashion lines, proving their flexibility in design.
Innovation in Technology AkzoNobel, Momentive Smart textile coatings by AkzoNobel, for example, are able to react to changes in the environment. Momentive has developed silicon-based coatings that enhance the performance and comfort of fabrics, as is demonstrated by its collaboration with the world's leading textile manufacturers.

Conclusion: Navigating the Textile Coatings Landscape

The textile coatings market in 2024 will be characterized by a highly fragmented and intensely competitive environment, with both established and new players competing for market share. The trends in the different geographical regions indicate a growing demand for sustainable and innovative solutions, resulting in suppliers adapting their strategies accordingly. The established players are using their brand equity and distribution networks to their advantage, while the newer companies are focusing on flexibility and new technology. These are the key competences that will be decisive for market leadership. Suppliers must focus on being flexible in their offerings to be able to respond to the changing customer requirements and thus stay ahead in this fast-changing market.

Covered Aspects:
Report Attribute/Metric Details
Base Year For Estimation 2023
Forecast Period 2024-2032
Growth Rate 4.93 % (2024-2032)
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