Global Rubber Coated Fabrics Market: Extensive Uptake in Automotive Industry to Accentuate Growth
Companies exhibiting their prominence in the global rubber coated fabrics market include N-TORN Corp, ICP DAS Co., Ltd., Sixnet Holding LLC, L-Com, Inc., and Microsemi Corporation, finds Transparency Market Research (TMR). Top players seek to retain their stronghold by focusing on product innovations and by actively making product launches to meet current and emerging needs of various end-use industries, observes TMR. These initiatives by leading players are expected to raise the level of competition in the landscape over the years. Several players are tapping lucrative avenues in emerging economies, notably in Asia Pacific, in order to strengthen their positions. The global market for rubber coated fabrics stood at US$1.5 billion in 2017 and is projected to rise at a CAGR of 5.0% from 2017 to 2022. By the end of the assessment period, the global market is likely to touch a revenue valuation of US$2.0 billion. The key coating types comprise transfer coating, direct coating...