Global Textile Coatings Market to Reach $4.7 Billion by 2030
The global market for Textile Coatings estimated at US$3.9 Billion in the year 2023, is expected to reach US$4.7 Billion by 2030, growing at a CAGR of 2.7% over the period 2023-2030. Thermoplastics-based Textile Coatings, one of the segments analyzed in the report, is expected to record 2.9% CAGR and reach US$3.3 Billion by the end of the analysis period. Growth in the Thermosets-based Textile Coatings segment is estimated at 2.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 4.7% CAGR
The Textile Coatings market in the U.S. is estimated at US$1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$988.3 Million by the year 2030 trailing a CAGR of 4.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 1.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.
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