Coated Fabrics For Defense Market - Forecast(2023 - 2028)
Coated Fabrics for Defense Market Overview
The coated fabrics for
the defense market size is forecast to reach US$ 5.4 billion by 2027 after growing
at a CAGR of 3.3% during 2022-2027. Coated fabrics are an integral part of the
defense sector as they provide invaluable properties for military forces and
equipment. Polyurethane,
polyvinyl chloride,
teflon, neoprene-based coated
fabrics, among others, are vastly utilized in several defense sector applications.
Coated fabrics are used extensively in military aircraft where they are
utilized in the aircraft’s aerostats, ejection seat
bladders, and various other parts. The aircraft application is expanding with
the increasing production of military aircraft globally and this is expected to
contribute to the growth of the market during the forecast period. For
instance, as per the December 2021 report by India Brand Equity Foundation, manufacturing
of military aircraft in India will increase owing to the import ban of aircraft.
Furthermore, the increasing investments by governments in the defence sector is
projected to drive the growth of the market in the forecast period. For
instance, as per the April 2020 data by Stockholm International Peace Research
Institute (SIPRI), in 2019, global military expenditure reached US$ 1917
billion, increasing by 3.6% compared to the previous year. The issue with the recycling
of coated fabrics might hamper the growth of the market in the forecast period.
COVID-19 Impact
The coated fabrics for the defense market were significantly hit due to the COVID-19 pandemic. Disruption in the supply chain and the temporary shutdown of factories hindered the growth of the market. The stagnant growth in the global defense industry slowed down the business activities in the market. For instance, as per the 2021 report by the United States Department of Defense, production of commercial and domestic military equipment in China halted due to the severity of the COVID-19 pandemic. However, the market witnessed decent demand towards the end of 2020. Going forward, the coated fabrics for the defense market is projected to witness robust growth owing to the massive expansion of the defense sector globally.
Coated Fabrics for Defense Market Report Coverage
The report: “Coated Fabrics for
Defense Market Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments
of the Coated Fabrics For Defense Industry.
By Fabric: Nylon, Polyester, Polyurethane, Polyvinyl Chloride, Neoprene, Teflon, Others
By Application: Personal Protective Equipment, Collapsible
Tanks, Military Parachutes, Tents, Truck Covers, Sleeping Bags, Inflatable
Decoys, Aircrafts, Military Boats, Others
By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy,
Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China,
Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan,
Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina,
Colombia and Rest of South America), and RoW (Middle East and Africa).
Key Takeaways:
- Polyurethane fabric dominated the coated fabrics for the defense market in 2021. This type of fabric comes with excellent water resistance and lightweight properties, making it a superior choice in the market.
- The aircraft application is projected to drive the growth of the market in the forecast period. For instance, in July 2020, Boeing signed a deal with US Air Force amounting to US$ 1.2 billion through which Boeing will build F-15EX advanced fighter jets.
- The
Asia-Pacific region is expected to witness the highest demand in the forecast
period owing to the expanding defense sector in the region. For instance, as
per the data by India Brand Equity Foundation, the Indian government has set a US$25
billion defense production target by 2025.
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Coated Fabrics for Defense Market - By Fabric
Polyurethane dominated the coated fabrics for the defense market in 2021. This type of coated fabric comes with superior water resistance, flexibility, and lightweight properties. Polyurethane-coated fabrics find their massive uses in various defense applications that includes aircraft application, personal protective equipment, parachutes, etc. Owing to such diverse properties, market players and research organizations are inclining towards the higher utilization of polyurethane-coated fabrics in the defense market. For instance, as per the July 2020 journal by SAGE Publications, a facile coating technology was reported in the journal that utilized waterborne polyurethane coated fabric for military tents. Such growing uses of polyurethane-coated fabric are expected to increase its demand during the forecast period.
Coated Fabrics for Defense Market - By Application
The aircraft application dominated the coated fabrics for the defense market in 2021 and is growing at a CAGR of 3.8% during the forecast
period. Polyurethane, teflon, and neoprene coated fabrics
are used in large quantities in multiple components and parts of military
aircrafts such as aircraft’s aerostats, and ejection
seat bladders. The aircraft application segment is expanding globally with
increasing numbers of defense aircraft and this is expected to drive the growth
of the market during the forecast period. For instance, in September 2021,
Airbus announced that it will deliver new C295 aircraft to Indian Air Force. Similarly,
in January 2021, Boeing was selected by US Air Force for the development of new
KC-46A tanker aircraft. Such massive production of military aircraft is
expected to augment the higher uses of coated fabrics in an aircraft
application, driving the growth of the market during the forecast period. The personal
protective equipment application segment will drive the growth of the market
significantly in the forecast period. Coated fabrics in PPE keep military personnel and armed forces safe from dangerous
exposures. This application segment is expanding with increasing initiatives to
bolster the portfolio of personal protective equipment. For instance,
as per the September 2021 report by trade.gov, the Philippines Armed Forces has undertaken
fifteen years of modernization programs that will continue till 2027. This
program will amplify the sales of personal protective equipment. Such
development in the personal protective equipment application segment is
anticipated to augment the higher implementation of coated fabrics and in turn,
this will contribute to the growth of the market in the forecast period.
Coated Fabrics for Defense Market - By Geography
The
Asia-Pacific region held the largest market in the coated fabrics for defense
market in 2021 with a market share of up to 32%. The high demand for coated
fabrics is attributed to the booming defense sector in the region. A wide range
of coated fabrics such as polyurethane, teflon, and neoprene find their uses
in the region’s defense sector. The defense market in the Asia-Pacific region
is exhibiting tremendous growth with increasing investments and this is
expected to increase the demand for coated fabrics in the forecast period. For
instance, as per the data by Stockholm International Peace
Research Institute, military spending in China touched US$ 261 billion in 2019,
increasing 5.1% compared to the previous year. Similarly, as per
the data by Invest India, India’s defense sector is on a growing track with
approximately US$ 72.9 billion spent on defense in 2020. India’s border tension
with Pakistan and China is one of the major factors propelling increasing
expenditure in the country’s defense sector. Such expansion in the Asia-Pacific
region’s defense industry is expected to stimulate the higher uses of coated fabrics in
various applications.
Coated Fabrics for Defense Market Drivers
Increasing expenditure by governments will contribute to the market’s growth
The defense sector globally is witnessing increased
expenditure by various governments to strengthen their respective defense
systems. This increasing expenditure in the defense sector will lead to
increased production of various military weapons and protective equipment which
in turn is expected to augment the higher uses of coated fabrics such as teflon, neoprene, and polyurethane. For
instance, as per the data by trade.gov, the Spanish Minister of Defense
announced to raise the military spending to 1.53% of GDP by 2024. Similarly, as
per the data by Stockholm International Peace Research Institute (SIPRI),
military expenditure in India reached US$ 71.1 billion, surging by 6.8% in
2019. In Europe, Germany’s military expenditure increased by 10% in 2019,
reaching US$ 49.3 billion. Such increasing expenditure by governments in the defense
sector is expected to increase the use of coated fabrics, in turn driving the
growth of the market during the forecast period.
Expanding aircraft production will drive the market’s growth
Coated fabrics
such as polyurethane, teflon, and neoprene are extensively
utilized in military aircraft’s aerostats, ejection seat bladders,
and several other parts. Aircraft production is expanding globally and this is
expected to contribute to the growth of the market during the forecast period.
For instance, in 2020, the Ministry of Defense in France increased the
purchases of surveillance aircraft and tanker aircraft. Similarly, as per the
2021 report by the United States Department of Defense, in October 2019, Taiwan
announced its plan to purchase 66 new F-16V fighter aircraft for USD 8 billion. Such an increasing demand for aircraft
globally is projected to stimulate the higher uses of coated fabrics in numerous
aircraft components and this is expected to contribute to the market’s growth
in the forecast period.
Coated Fabrics for Defense Market Challenges
Recycling issue of coated fabrics might affect the market’s growth
The recycling of coated fabrics is an energy-intensive
process and this has been a major challenge in the market which might affect
the growth of the market in the forecast period. The composite nature of coated
fabrics makes the recycling of coated fabrics complicated, restricting its
widespread adoption. Moreover, proper recycling of coated fabrics is necessary
as it involves several toxic solvents. The February 2021 journal by Multidisciplinary Digital Publishing Institute states that recycling
coated fabrics are not easy compared to uncoated ones. Similarly, as per the
2021 data by the Australian Department of Agriculture, Water, and the
Environment (AWE), the Australian government will help the Vinyl Council of
Australia in the recycling of polyvinyl chloride-coated fabrics in Australia.
Such challenges in the recycling of coated fabrics might affect the growth of
the market in the forecast period.
Coated Fabrics for Defense Industry Outlook
Investment in R&D activities, acquisitions, product
and technology launches are key strategies adopted by players in the coated fabrics for defense
market. Major players in the coated fabrics for defense
market are:
- Dupont
- Saint-Gobain
S.A.
- Trelleborg
Group
- Seaman
Corporation
- Continental
AG
- Fothergill
Group
- SRF Limited
- Sioen
Industries NV
- Colmant
Coated Fabrics
- Magna
Fabrics Inc
- Zenith
Industrial Rubber Products Pvt. Ltd
- Haren
Textiles Pvt Ltd
- Others
Recent Developments
- In March 2021, Seaman Corporation along with V Technical Textiles Inc (VTT), launched Shelter-Rite RF, a shielded solution made of high-performance polyvinyl chloride coated fabric that can be used in shelters for the military. Such developments allowed Seaman Corporation to expand its defense-coated fabrics portfolio.
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