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.

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.