Mexico Rubber Coated Fabrics Market (2022-2028) | Growth, Revenue, Forecast, Outlook, Size, Industry, Share, Analysis, Trends, Value & COVID-19 IMPACT

Mexico Rubber Coated Fabrics Market Synopsis

Mexico Rubber Coated Fabrics market is driven by the growing demand from end-use industries, such as automotive, construction, and electrical & electronics. The rising demand for fuel-efficient and lightweight vehicles is expected to drive the market for rubber coated fabrics in the automotive industry. Additionally, the increased use of rubber coated fabrics in construction applications, due to their properties such as water resistance and abrasion resistance, is expected to drive the growth of the market.

According to 6Wresearch, the Mexico Rubber Coated Fabrics Market size is expected to grow during 2022-2028. Rubber coated fabrics are used in a wide range of applications such as automotive, construction, and industrial. They offer good resistance to abrasion, chemicals, and extreme temperatures. The growing construction industry in Mexico is expected to drive the demand for rubber coated fabrics during the forecast period.

Rubber coated fabrics are widely used in various applications such as roofing, flooring, linings, and others. They offer several benefits such as resistance to water, abrasion, chemicals, and heat. As a result, they are extensively used in various end-use industries such as construction, automotive, and others.

The Mexican government is investing heavily in infrastructure development, which is expected to create opportunities for the Mexico rubber coated fabrics market growth in the country. The increasing popularity of eco-friendly products is another factor that is expected to fuel the Latin America Rubber Coated Fabrics Market growth during the forecast period.

Drivers and Restraints of the Mexico Rubber Coated Fabrics Market

Mexico is the world's second-largest producer of rubber coated fabrics, behind only China. The country's rubber coated fabrics industry is worth an estimated $1.3 billion annually, and it employs over 21,000 workers.

The vast majority of Mexico rubber coated fabrics are exported to the United States, where they are used in a variety of industries, including automotive, construction, and manufacturing. Mexico is also a major supplier of rubber coated fabrics to Canada and Europe.

The Mexican government has been supportive of the country's rubber coated fabrics industry, and it has implemented several policies to help the sector grow. For example, in 2013, the government launched a program to provide interest-free loans to small and medium-sized enterprises in the industry.

The Mexica rubber coated fabrics market is also driven by the growing automotive and construction industries in the country. The automotive industry is a major consumer of rubber coated fabrics, as they are used in seats, door panels, headliners, and trunk liners. The construction industry is another major consumer of rubber coated fabrics, as they are used in roofing membranes, geomembranes, and flooring.

Despite these measures, the Mexica rubber coated fabrics industry faces several challenges. One major challenge is competition from cheaper imports, particularly from China. Another challenge is the high cost of raw materials, which accounts for about 60 percent of the total cost of production.

Another restraint on the Mexica rubber coated fabrics market revenue is the high cost of raw materials. Rubber is a key raw material for the manufacture of rubber coated fabrics, and the price.

Impact of COVID-19 on the Mexico Rubber Coated Fabrics Market

The pandemic has seriously hampered market growth due to major cuts in supply chains across the globe which resulted in low demand for the product. The Supply of raw materials also gets damped due to the strict lockdown imposed around the globe. This resulted in the downturn of the Global Rubber Coated Fabrics Market.

Market Analysis Based on Type

Based on Type, Synthetic fabrics segment accounted for the largest share of the Mexico rubber coated fabrics market growth. Synthetic is highly resistant to abrasion and chemicals and offers good flexibility. As a result, it is extensively used in various applications such as roofing membranes, flooring products, canopies & tarpaulins, truck covers & tarps, and others.

Key Players Operating in the Mexico Rubber Coated Fabrics Market

The Mexico rubber coated fabrics market is highly fragmented with the presence of numerous small and large-scale manufacturers. Some of the key players operating in the Mexico Rubber Coated Fabrics Market Share are:

• 3M
• DuPont
• Freudenberg & Co. KG
• Honeywell International Inc.
• Lanxess AG

These companies are increasingly focusing on expanding their production capacities and widening their product portfolios to gain a competitive edge in the market. For instance, in May 2019, 3M announced the expansion of its production facility in Mexico by investing USD 120 million for the manufacturing of personal safety products.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Mexico Rubber Coated Fabrics Market Outlook
• Market Size of Mexico Rubber Coated Fabrics Market, 2021
• Forecast of Mexico Rubber Coated Fabrics Market, 2028
• Historical Data and Forecast of Mexico Rubber Coated Fabrics Revenues & Volume for the Period 2018 - 2028
• Mexico Rubber Coated Fabrics Market Trend Evolution
• Mexico Rubber Coated Fabrics Market Drivers and Challenges
• Mexico Rubber Coated Fabrics Price Trends
• Mexico Rubber Coated Fabrics Porter's Five Forces
• Mexico Rubber Coated Fabrics Industry Life Cycle
• Historical Data and Forecast of Mexico Rubber Coated Fabrics Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Rubber Coated Fabrics Market Revenues & Volume By Natural for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Rubber Coated Fabrics Market Revenues & Volume By Synthetic for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Rubber Coated Fabrics Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Rubber Coated Fabrics Market Revenues & Volume By Industrial for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Rubber Coated Fabrics Market Revenues & Volume By Defence & Public Safety for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Rubber Coated Fabrics Market Revenues & Volume By Construction for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Rubber Coated Fabrics Market Revenues & Volume By Aerospace & Automotive for the Period 2018 - 2028
• Historical Data and Forecast of Mexico Rubber Coated Fabrics Market Revenues & Volume By Others for the Period 2018 - 2028
• Mexico Rubber Coated Fabrics Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Mexico Rubber Coated Fabrics Top Companies Market Share
• Mexico Rubber Coated Fabrics Competitive Benchmarking By Technical and Operational Parameters
• Mexico Rubber Coated Fabrics Company Profiles
• Mexico Rubber Coated Fabrics Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

• Natural
• Synthetic

By Application

• Industrial
• Defence & Public Safety
• Construction
• Aerospace & Automotive
• Others