Global Sailcloth Market By Product Type (Laminate Sailcloth, Nylon Sailcloth, Polyester Sailcloth), By Application (Cruising Sails, Racing Sails), and By Region - Forecast from 2020 to 2029
30th March 2020
“Global Sailcloth Market” is the title of a recently published report offered by Marketresearch.Biz. The research study involved extensive usage of expert opinion using both primary and secondary data sources, and efforts were not limited to only in-house analysis efforts. The research process involved the study of various factors positively or negatively impacting the industry and market. Factors considered included various government policies and mandates, market environment, competitive landscape, historical data, current and historical trends in the market, technological innovations, new solutions and alterations made to existing materials, and technological advancements in related industries. Also, market risks, opportunities, market growth barriers and challenges, and future scenarios have been covered, and details have been included in the report. The market has been segmented on the basis of product type, application, and regions and countries. Revenue from the global sailcloth market is expected to expand at a CAGR of 3.7% and is projected to reach a value of US$ 535.4 Mn in 2028. The market in North America is projected to account for a significantly higher revenue share as compared to markets in other regions over the forecast period, owing to rapidly increasing watersport and leisure activities in countries such as Canada and the US to name a few.
Global Sailcloth Market Overview
Sailcloth is a type of strong and heavy cloth used to make tents or sails for boats and ships. The sail is a key component in ship structures. Earlier, sailcloth was made from flax (linen), hemp, or cotton. Modern sails are, however, rarely made from natural fibers. Most sails are made from synthetic fibers, from low-cost nylon or polyester to costly aramids or carbon fibers. Sailcloth is produced using versatile polymeric resins and fibers. These fibers provide impermeability, are abrasion-resistant, protect textile from harsh sunlight, reduce moisture degradation, and are lightweight. Laminates and polyester fibers have become popular canvas materials due to longer life and high durability. Nylon sailcloth is used in spinnaker sails because of notable features such as lightweight, high tensile strength, superior abrasion resistance, and flexibility. Polyester sailcloth is most commonly used for sails of ships because of excellent resiliency, high abrasion resistance, high UV resistance, high flex strength, and low cost. The low absorbency feature of polyester sailcloth allows the fiber to dry quickly.
Global Sailcloth Market Dynamics:
Sailcloth includes a wide range of materials, from natural fibers such as linen in various forms of canvas, cotton, or hemp to synthetic fibers, including polyester, nylon, carbon fiber, and aramid. Sailcloth is available in forms, such as spun, woven, and molded textiles. Sailcloth is made from different raw materials such as aramid-kevlar fiber, carbon fiber, dyneema fiber, nylon fiber, polyester fiber, technora black fiber, etc. Sailcloth is more waterproof than conventional materials because of its additional four layers of protection. An ultrathin layer of polyester acts as a waterproof barrier. Sailcloth is also more durable than traditional materials due to its abrasion resistance and fray prevention built into the fabric. This material offers high strength to weight ratio. The greater strength of the fabric permits use of lighter-weight sails, which maintains the original shape for an extended period of time. Popularity and preference for nylon, aramid, and dyneema materials have been increasing significantly, and also, better durability and cost-effectiveness are factors considered before making a purchase decision.
Global Sailcloth Market Drivers: Demand for sailcloth material is increasing owing to unique properties, such as waterproofing, durability, fabric fray prevention, and high abrasion resistance as compared to conventional cloths and fabrics. In addition, increasing and growing popularity of underwater activities such as leisure boating, high-speed sailing, and foiling as a sport due to the innovative technologies in professional racing are among some of the major factors supporting growth of the global sailcloth market. Moreover, increasing end-use applications of sailcloth in various fields is driving growth of the global sailcloth market.
Global Sailcloth Market Drivers Restraints: Stringent regulations regarding safety and security of sailors, environmental impacts, industrial regulations for emission control, coupled with high production and maintenance costs are among some of the major factors expected to restrain revenue growth of the global sailcloth market. High fabric cost is also expected to restrict growth of the global sailcloth market to a certain extent over the forecast period.
Global Sailcloth Market Opportunities: Sailcloth is considered a high-performance material. Sailcloth is gaining traction for other applications such as for making travel backpacks, as tenting materials, ladies’ handbags and wallets, wrist-watch belts, etc. This factor is expected to create significant opportunities for manufacturers in the global sailcloth market. Development of bio-based fabrics that can be used to produce sailcloth is expected to provide market key players in the global sailcloth market with high potential growth opportunities to overcome cost-related challenges and issues.
Global Sailcloth Market Trends: Use of color sailcloth on battleship-gray sails has been increasing, which allows design customization in the sailcloth. A trend for fancy and stylish racing sailcloth colors morphed to dark crosshatch patterns and earthy browns is increasing among younger ship and boat owners and operators.
Global Sailcloth Market Drivers Regional Segmentation and Analysis:
Region-wise segmentation in the global sailcloth market includes North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America accounts for highest revenue share in the global sailcloth market currently. In 2029, the North American market is expected to account for a revenue share of over US$ 202 Mn, and is projected to register a robust CAGR over the forecast period. APAC sailcloth market accounted for a revenue share of over US$ 136 Mn, and is projected to register a CAGR of 3.2% over the 10-year forecast period.
Global Sailcloth Market Segmentation:
Global Sailcloth Market Segmentation by Product Type:
- Laminate Sailcloth
- Nylon Sailcloth
- Polyester Sailcloth
- Other Product Types
Global Sailcloth Market Segmentation by Application:
- Cruising Sails
- Racing Sails
- Other Applications
Global Sailcloth Market Segmentation by Region:
- North America
- Asia Pacific
- South America
- Middle East & Africa
- Sioen Industries (Dimension Polyant)
- North Sails
- Bainbridge International
- Doyle Sails
- HOOD Sailmakers
- Contender Sailcloth
- British Millerain
- Aztec Tents
- Challenge Sailcloth
- Powerplast Srl
- Chapter 1 Global Sailcloth Market Overview
- 1.1 Introduction
- 1.2 Segmentation for Global Sailcloth Market, Based on Product Type, Application, and Region
- 1.3 Drivers for Global Sailcloth Market
- 1.4 Restraints for Global Sailcloth Market
- 1.5 Opportunities for Global Sailcloth Market
- 1.6 Trends for Global Sailcloth Market
- 1.7 PEST Analysis
- 1.8 PORTER’s Five Forces Analysis
- 1.9 Macro-Economic Factors
- 1.10 Manufacturing Cost Structure
- 1.11 Industry Chain Analysis
- 1.12 Market Expansion Strategies
- 1.13 Market Penetration Strategies
- 1.14 Go to Market Strategy – Market Maturity
- 1.15 Market Investment Feasibility Analysis
- 1.16 Opportunity Orbits
- 1.17 Regional Market Share and BPS Analysis in Global Sailcloth Market
- 1.18 Opportunity Map Analysis
- Chapter 1 Global Sailcloth Market Overview
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