@Global rubber coated fabrics market forecast to reach $2 billion by 2022 (21/09/2560)

21 Sep 2017
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Albany, NY - The global rubber coated fabrics market is forecast to post a CAGR of 5.0 percent for the forecast time frame 2017-2022. By the concluding forecast year, the market could collect a revenue of approximately $2.0 billion, a progress from an estimated $1.5 billion in 2017, according to Transparency Market Research. The global rubber coated fabrics market is forecast to ride its growth on the back of hefty investments directed toward steel and military, chemical, infrastructure, automotive, and oil and gas industries in Asia Pacific regions. Developing countries of the world, especially in Asia Pacific, are experiencing an unwavering boost in their economic growth. While this could notably augur well for the global market, there are more factors anticipated to bring in some favorable opportunities for industry players. The robust application outlook in the automotive sector on account of tight regulatory compliance and consistent customization and aesthetic improvement needs could promise an upward growth in the market. The world rubber coated fabrics market is predicted to be cataloged into Asia Pacific except Japan (APEJ), Europe, North America, Japan, Latin America, and the Middle East and Africa (MEA). By 2022, APEJ could still remain as one of the most attractive regions for rubber coated fabrics with respect to revenue. By the end of 2017, APEJ is envisioned to garner a 28.7 percent share. North America and Europe could be among the second-largest regions, where the latter is prognosticated to rise at a 4.9 percent CAGR. According to the report, vendors such as Microsemi Corp., L-Com, Inc., Sixnet Holding LLC, ICP DAS Co., Ltd., and N-TORN Corp. are anticipated to make the cut in the worldwide rubber coated fabrics market. New product launch and innovation could be key bases for the substantial increase in the competitiveness of the market. Source: rubber world (20/09/2017)

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