Global elastomer coated fabrics market forecast at $18 billion by 2030

Pune, India – The global market for Elastomer Coated Fabrics estimated at US$11.6 Billion in the year 2022, is projected to reach a revised size of US$18 Billion by 2030, growing at a CAGR of 5.6% over the period 2022-2030. Silicone Coated Fabrics, one of the segments analyzed in the report, is projected to record 5.5% CAGR and reach US$6.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the TPU Coated Fabrics segment is readjusted to a revised 5.9% CAGR for the next 8-year period according to Report Linker.
The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 9.2% CAGR
The Elastomer Coated Fabrics market in the U.S. is estimated at US$3.2 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.9 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.