The report "Silicone Fabrics Market by Base Fabric (Fiberglass, Polyester, Polyamide), Application (Protective Clothing, Industrial Fabric, Clothing Fabric), End-Use (Industrial, Consumer, Automotive), and Region - Global Forecast to 2026" The global Silicone fabrics market size is projected to grow from USD 4.0 billion in 2021 to USD 5.5 billion by 2026, at a CAGR of 6.8% between 2020 and 2026. Factors such as stringent government regulations regarding passenger safety in automotive, growth of manufacturing industries, increasing demand for the protective clothing, and growing adoption in upholstery and furniture industry are driving the Silicone fabrics market. Moreover, the increasing demand for superior quality, high performance, and durable fabrics in consumer good manufacturing are expected to offer opportunities for Silicone fabrics manufacturers.
APAC is projected to have the largest share in the global Silicone fabrics market, in terms of both value and volume, from 2021 to 2026. The APAC Silicone fabrics market is driven by the thriving demand from the manufacturing industry, automotive, and fabrication industry. APAC Silicone fabrics market has been witnessing consistent growth due to the increasing automotive as well as airbag production in region, growth of the manufacturing sector, and double-digit growth of healthcare and medical sector. Due to the COVID-19 pandemic, the economic growth of several countries such as India, ASEAN, and other countries, has been declining owing to disruption of the supply chain, declining demand for industrial product, the suspension of the manufacturing facilities, and declining oil & gas prices. The demand for Silicone fabrics is therefore expected to decrease in several end-use industries in 2020.
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).
