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Silicone Fabrics Market is Forecasted to Increa...

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Silicone fabrics are fabrics that have been treated with a silicone-based coating. This coating makes the fabric water-repellent, mildew-resistant, and flame-retardant. It also gives the fabric a soft, luxurious feel. Silicone fabrics are often used in clothing, furniture, and bedding because of its durability and comfort. It is also popular for use in medical and industrial applications due to its flame-retardant properties. The demand for silicone fabrics is increasing as it is becoming more widely used in a variety of applications. 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 transportation and protective clothing applications. APAC is estimated to be the largest coated fabrics market due to the increasing population in the continent, improving economic conditions, such as rising GDP & disposable incomes, and booming manufacturing sector 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. 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 applications 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 customers 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. 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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