Revenues from Silicone Fabrics Market worth $5.5 billion by 2026| Report by MarketsandMarkets™

Silicone fabrics are elastomer-based fabrics, most commonly silicone elastomers. This fabric is used in a variety of applications, including medical, automotive, and industrial applications. It is frequently used in the manufacture of protective clothing, such as fire-resistant fabrics and protective clothing against hazardous materials. It can also be used to make waterproof fabrics and materials that are strong and long-lasting. Because of their wide range of applications and ability to withstand extreme temperatures, silicone fabrics are in high demand. Silicone fabric demand is expected to rise further as more products and industries rely on silicone-based materials for production.

The global silicone fabrics market is estimated to be USD 4.0 billion in 2021 and is projected to reach USD 5.5 billion by 2026, at a CAGR of 6.8%, between 2021 and 2026. The growth of the coated fabrics market is primarily triggered by the huge demand from the transportation and protective clothing applications. APAC is estimated to be the largest coated fabrics market due to increasing population in the continent, improving economic conditions, such as rising GDP & disposable incomes and booming manufacturing sector

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). These players have adopted several strategies, such as acquisitions, agreements, and expansions, to enhance their market footprint and product portfolios.   

Get PDF Brochure for Research Insights at: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=63640718 

Owing to the COVID-19 pandemic, there has been a significant slump in demand for silicon fabrics across the globe. However, the company such as Elkem and Serge Ferrari had developed silicon fabrics for high growth application such as marine, medical and healthcare, among other. Also, through aggressive marketing and online platform, the company is focussing to reduce the lead time to customer and to increase its presence in the global market.   

Over the recent past, the Trelleborg AB has channelized efforts toward the expansion of the business through the inorganic growth strategy. In line with this strategy, in recent years, the company acquired several local as well as regional players, which has a significant presence in the market. The company, thus, targets several end-use industries of North America with a wide product offering to cater to the ever-changing demand from industries.

• For instance, in 2019, the company had acquired US-based Laminating Coating Technologies, Inc. (Lamcotec) which was mainly engaged in the manufacturing of coated fabrics.

In 2020, during the COVID-19 pandemic, Serge Ferrari had tested Stamskin One and Stamoid Smart fabrics compatibility in the healthcare facilities to ensure the utmost safety of place from bacterial and viruses. Thereby, the company is expected to gain a competitive edge over the other players and will gain market share in comping years. However, the company does not have a manufacturing facility in North America. 

Most of the European and North American countries, especially Italy, Spain, the UK, France, the US, and Germany, are severely impacted by the COVID-19 pandemic. The suspension of manufacturing operations in several industrial sectors has resulted in a slump in demand for the silicon coated fabric. Moreover, owing to the COVID-19 pandemic, the demand from the manufacturing sector had slumped sharply in the 2020. However, during pandemic period, the demand for silicone fabric in medical and healthcare sector was increased due to construction of temporary medical facilities, and rising awareness which, in turn, support to marginal offset the decline in demand.   

If You Want To Know More About Report Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=63640718 

Other companies have initiated the following developments:

• In April 2021, KAP AG the Company invested several million dollars for the expansion of production capacity in the German plant in Hessisch Lichtenau.
• In August 2020, Serge Ferrari had launched Stamoid Smart 1. product in North America market for standard boat, equipment covers materials and protective cover application.
• In October 2018, Saint Gobain acquired Kaimann, a European manufacturer of elastomeric products. This transaction strengthened its position in the European industrial insulation market.

Read Our Trending Press Release Below:

Automotive Plastics Market- https://www.prnewswire.com/news-releases/automotive-plastics-market-for-passenger-cars-worth-30-8-billion-by-2026--exclusive-report-by-marketsandmarkets-301312207.html 

Air Separation Plant Market- https://www.prnewswire.com/news-releases/air-separation-plant-market-worth-5-9-billion-by-2026--exclusive-report-by-marketsandmarkets-301263910.html 

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441