Wednesday, February 20, 2013

Coated Fabrics is forecast to increase 3.5 percent annually to 635 million square yards in 2016, an improvement from the declines of the 2006-2011

US demand to rise 3.5% annually through 2016
US demand for coated fabrics is forecast to increase 3.5 percent annually to 635 million square yards in 2016, an improvement from the declines of the 2006-2011 period. Gains will be driven by a rebound in motor vehicle production, a significant outlet for coated fabrics. In addition, renewed economic growth, along with rising manufacturing output, and rebounding construction activity will provide opportunities for coated fabrics. In value terms, coated fabric demand is projected to expand slightly faster than in area terms, based on price increases. Nevertheless, price increases will moderate from the 2001-2011 period, when costs of certain raw materials, such as crude oil-based polymers, rose substantially. Greater competition from lower cost imports, especially from China, will also work to restrain pricing gains. In 2011, 27 percent of all coated fabric demand was dedicated to the motor vehicle market in applications such as airbags, upholstery, headlining, trim, tops, and covers.
 

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