According to the new market research
report "Silicone Fabrics Market by
Base Fabric (Fiberglass, Polyester, Polyamide), Application (Protective
Clothing, Industrial Fabric, Clothing Fabric), End-Use (Industrial, Consumer,
Automotive), and Region - Global Forecast to 2026", published by
MarketsandMarkets™, the
Silicone Fabrics Market size is projected to grow from USD 4.0 billion in 2021
to USD 5.5 billion by 2026, at a CAGR of 6.8% between 2020 and 2026. Factors
such as stringent government regulations regarding passenger safety in
automotive, growth of manufacturing industries, increasing demand for the
protective clothing, and growing adoption in upholstery and furniture industry
are driving the Silicone fabrics market. Moreover, the increasing demand for
superior quality, high performance, and durable fabrics in consumer good
manufacturing are expected to offer opportunities for Silicone fabrics
manufacturers.
Browse
and in-depth TOC on "Silicone Fabrics Market"
282 - Tables
52 - Figures
239 - Pages
Fiberglass segment estimated to lead the
Silicone fabrics market in 2020
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.
Industrial fabric segment is estimated
to be leading consumer of Silicone fabrics
The industrial fabric segment led the overall Silicone fabrics market in 2020,
both in terms of value and volume. It is used across several industrial
applications such as conveyor belts, insulation, gaskets, hoses, and heat
shield, among other. With the growth of the manufacturing industry across the
globe, the demand for silicone fabrics is increasing steadily.
APAC projected to account for the
largest share of the Silicone fabrics market during the forecast period
APAC is projected to have the largest share in the global Silicone fabrics
market, in terms of both value and volume, from 2021 to 2026. The APAC Silicone
fabrics market is driven by the thriving demand from the manufacturing
industry, automotive, and fabrication industry.
APAC Silicone fabrics market has been witnessing consistent growth due
to the increasing automotive as well as airbag production in region, growth of
the manufacturing sector, and double-digit growth of healthcare and medical
sector. Due to the COVID-19 pandemic, the economic growth of several countries
such as India, ASEAN, and other countries, has been declining owing to
disruption of the supply chain, declining demand for industrial product, the
suspension of the manufacturing facilities, and declining oil & gas prices.
The demand for Silicone fabrics is therefore expected to decrease in several
end-use industries in 2020.
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). Expansions, acquisitions, joint ventures, and new product
developments are some of the major strategies adopted by these key players to
enhance their positions in the silicon coated fabric market.
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