According to a report by ResearchAndMarkets.com, the market for textile coatings is expected to grow at a CAGR of less than 4% during the forecast period of 2021 to 2026. Major factors driving the market studied are increasing standards for protective textiles.
Thermoplastics have dominated the global textile coatings market due to their superior properties such as their lightweight nature and excellent insulating nature (both electrical and thermal).
Asia-Pacific accounted for the largest regional market in the global textile coatings market and is expected to register the fastest growth through the forecast period. Demand from the construction industry, medical industry and protective textiles industry are expected to drive the market in the Asia-Pacific region, primarily in countries, such as China, India and Japan.