Textile Coatings Market Expected To Grow At A Highest CAGR Over The Forecast Timeframe
Category: #headlines  By Partha Ray  Date: 2019-08-02
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Textile Coatings Market Expected To Grow At A Highest CAGR Over The Forecast Timeframe

Global Market Insights, Inc. presents an extensive report on Textile Coatings Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities. 

Covestro’s 2016 launch of INSQIN® technology is an instance of the product differentiation strategies underlining textile coatings market. Being a highly innovation-driven business space, textile coatings industry is rather substantially influenced by the introduction of advanced coating technologies. Covestro, a reputed Bayer spinoff, had introduced the INSQIN®, a water-based polyurethane textile coating technology, in Q3 2016, which has proved to be a rather sustainable innovation and has apparently reduced the carbon emissions by almost 50%. 

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/2010

Today, manufacturers have been focusing on introducing eco-friendly coatings technologies that offer the dual benefits of carbon emission reduction and product cost-effectiveness. In yet another landmark event, Zimmer Austria has recently set new parameters for measuring the growth of textile coatings market through the introduction of new technologies such as Magnoroll coatings and digital printing systems.

In May 2017, specialty chemicals giants Huntsman Corporation and Clariant AG signed a deal assessed at over USD 14 billion to expand their product portfolio. Coatings and plastics are expected to be an integral part of the new firm referred as HuntsmanClariant. This is one of those riveting mergers that is expected to prompt other business players to follow suit, subsequently impacting textile coatings market size.

Dow Corning has been offering advanced heat-curing silicon elastomer coating technologies as a part of its product portfolio, that find applications across industrial textile processing.

Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/textile-coatings-market

The Elkem Company is reputed for manufacturing silicone textile coatings, which find wide applications in marines, sportswear, technical textiles, transport, leathers, and automotives. Their favorable product features such as UV & fire protection, mechanical stress, and thermal resistance have made them highly popular across various end-use sectors. It is undeniable that their high-end sales would have a modest impact on textile coatings industry share.

The prevailing sense of aesthetics in conjunction with the fact that textile coatings find extensive utilization across the fabric and home furnishing sectors is certain to segment the product popularity across the U.S., indirectly providing a boost to North America textile coatings industry size.  It is forecast that the U.S. textile coatings market, which has majorly influenced North America industry since the past few years, will record a CAGR of more than 4.5% over 2017-2024.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2010

A recently compiled research report claims that textile coatings industry is anticipated to generate a revenue of more than USD 7.5 billion by 2024. This comes as no surprise, given that the competitive landscape of this business comprises major players such as Clariant AG, Huntsman Corporation, Covestro AG, Royal DSM, Sumitomo Chemical Company, Solvay S.A., and Lubrizol Corporation. With their praiseworthy contributions in place, it is no doubt that textile coatings market is predicted to carve out a favorable growth curve over the coming years.
 

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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