Softline Coating Market Trends and Forecast
The future of the global softline coating market looks promising with opportunities in the transportation and building & construction markets. The global softline coating market is expected to grow with a CAGR of 9.2% from 2024 to 2030. The major drivers for this market are growing demand for durable textiles, shift towards sustainable & environmentally friendly coating solutions, and expansion of textile & apparel industry.
• Lucintel forecasts that PVC is expected to witness higher growth over the forecast period.
• Within this market, transportation is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Softline Coating Market
• United States: PPG Industries announced investment in a new research and development facility to innovate eco-friendly softline coatings, targeting sustainability goals.
• Germany: BASF SE launched a new line of water-based coatings for textiles, aligning with the European UnionÄX%$%Xs environmental regulations and sustainability targets.
• China: Huntsman Corporation expanded its manufacturing capacity in Shanghai to meet the growing demand for advanced textile coatings, aiming to capture a larger market share.
• India: Asian Paints introduced a new range of antimicrobial softline coatings, focusing on the health and hygiene segment amid rising consumer awareness.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Softline Coating Market by Segment
The study includes a forecast for the global softline coating market by type, application, and region.
Softline Coating Market by Type [Value from 2018 to 2030]:
• PVC
• PU
• Others
Softline Coating Market by Application [Value from 2018 to 2030]:
• Transportation
• Building & Construction
• Others
Softline Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Softline Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies softline coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the softline coating companies profiled in this report include-
• Covestro
• Huntsman
• Solvay
• Clariant
• BASF
• Omnova Solutions
• Sumitomo Chemical
Recent Development in the Softline Coating Market
• AkzoNobel: AkzoNobel has developed a new range of UV-resistant coatings for outdoor textiles, enhancing the durability and longevity of outdoor fabrics. This innovation addresses the increasing need for high-performance coatings in outdoor applications.
• Sherwin-Williams: Sherwin-Williams has focused on developing low-VOC (volatile organic compounds) coatings, contributing to their sustainability goals and meeting stringent environmental regulations. This initiative is part of the companyÄX%$%Xs broader strategy to offer eco-friendly products.
• Dow Chemical Company: Dow has launched a new series of softline coatings that offer enhanced stain resistance and durability. This development aims to provide superior performance and cater to the premium textile market segment.
• Nippon Paint Holdings: Nippon Paint Holdings has entered into a strategic partnership with a leading textile manufacturer to develop customized softline coatings. This collaboration aims to create innovative coating solutions tailored to specific textile applications, enhancing product differentiation and market competitiveness.
Features of the Global Softline Coating Market
Market Size Estimates: Softline coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Softline coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Softline coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the softline coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the softline coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for softline coating market?
Answer: The global softline coating market is expected to grow with a CAGR of 9.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the softline coating market?
Answer: The major drivers for this market are growing demand for durable textiles, shift towards sustainable & environmentally friendly coating solutions, and expansion of textile & apparel industry.
Q3. What are the major segments for softline coating market?
Answer: The future of the softline coating market looks promising with opportunities in the transportation and building & construction markets.
Q4. Who are the key softline coating market companies?
Answer: Some of the key softline coating companies are as follows:
• Covestro
• Huntsman
• Solvay
• Clariant
• BASF
• Omnova Solutions
• Sumitomo Chemical
Q5. Which softline coating market segment will be the largest in future?
Answer: Lucintel forecasts that PVC is expected to witness higher growth over the forecast period.
Q6. In softline coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the softline coating market by type (PVC, PU, and others), application (transportation, building & construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players Pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Softline Coating Market Market, Softline Coating Market Market Size, Softline Coating Market Market Growth, Softline Coating Market Market Analysis, Softline Coating Market Market Report, Softline Coating Market Market Share, Softline Coating Market Market Trends, Softline Coating Market Market Forecast, Softline Coating Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.