Tarpaulin Market Report Overview
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The global tarpaulin market size was USD 1945 million in 2021 and is projected to touch USD 3003.01 million by 2031, exhibiting a CAGR of 4.52% during the forecast period.
Tarpaulin sheets are low-cost water-resistance fabric. It is a waterproof and flexible sheet that is made from strong materials such as canvas, plastic, H.D.P.E., and polyester.
Growing need for the sheet in the agriculture sector and the sheet is used for protecting products from environmental factors such as dust, rain, or dirt during loading cargo and unloading. Growing need for the sheet in the construction sector. Further, several uses in logistics and transportation are predicted to drive market growth in the forthcoming years. The products are cost-effective and easy to manage, and such features of the product are anticipated to surge market progress. Rapid development in the industrial sector and increased industrialization are predicted to flourish market growth. The sheets are the waterproof and flexible sheet that is made from strong materials such as canvas, plastic, H.D.P.E., and polyester. Also, a growing number of outdoor activities such as hikes and treks is expected to positively affect the market growth in the upcoming years. On the contrary, limited strength of the sheet and vulnerability to damage in case of penetration and form holes. E-commerce disruption to reduce sheets adoptions. These factors are expected to hinder market progress in the forthcoming years.
COVID-19 Impact: Lower Demand for The Sheets Due to The Closure of Construction Activities Affected Market Progress
The global COVID-19 pandemic has been unprecedented and staggering, with tarpaulin experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
The market of tarpaulin witnessed a sudden downfall due to the outbreak of the COVID-19 pandemic. Lower demand for the sheets due to the closure of construction activities and halt in product innovations. These factors affected market progress during the pandemic period.
LATEST TRENDS
"Growing Demand in Construction Sector to Fuel Market Growth "
Increased urbanization and growing industrialization are boosting the demand for construction. Today, construction activities are growing at a significant rate. A huge need for sheets in the construction sector to cover both building and other materials is anticipated to drive market growth. Tarpaulins are used in the construction sector for their waterproof, cost-effective, and flexible properties. The sheet is typically a type of protective cover for the cargo. It is commonly made of cloth, plastic, canvas, and paper. It is a waterproof and flexible sheet that is made from strong materials such as canvas, plastic, H.D.P.E., and polyester. These features of the sheet are anticipated to accelerate the tarpaulin market growth in the forthcoming years.
Tarpaulin Market Segmentation
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- By Type
Based on type, the market is divided into PVC tarpaulin and PE tarpaulin.
PVC tarpaulin is expected to be the top part of the type segmentation
- By Application
Based on the application, the market is divided into agriculture, sports, transportation, tents & buildings, automotive and military, and advertisement
Tents & buildings are expected to be the top part of application segmentation.
DRIVING FACTORS
"Growing Demand from Agriculture Sector to Stimulate Market Growth "
Increasing demand from the agriculture sector and the sheet is used in agriculture for its anti-static, anti-fungal agents. Further, it is commonly made from Poly Vinyl Chloride (PVC), which is ideal for agricultural activities. The sheets are used to cover the crops from environmental damage and weather changes such as extreme rain or extreme rain can destroy crops. It is also used for safety purposes such as protecting crops and protecting agriculture equipment on the farm. Such factors of the sheets are estimated to drive market progress in the forthcoming years. The sheet is used for protecting products from environmental factors such as dust, rain, or dirt during loading cargo and unloading.
"Use in Logistics and Transportation to Foster Market Progress"
Several uses in logistics and transportation are predicted to drive market growth in the forthcoming years. The products are cost-effective and easy to manage, and such features of the product are anticipated to surge market progress. Rapid development in the industrial sector and increased industrialization are predicted to flourish market growth. The sheets are the waterproof and flexible sheet that is made from strong materials such as canvas, plastic, H.D.P.E., and polyester. Also, a growing number of outdoor activities such as hikes and treks is expected to positively affect the market growth in the upcoming years.
RESTRAINING FACTORS
"Limited Strength of the Sheet and E-Commerce Disruption to Reduce Sheets Adoption"
The limited strength of the sheet and vulnerability to damage in case of penetration and form holes. E-commerce disruption to reduce sheets adoptions. These factors are expected to hinder market progress in the forthcoming years.
Tarpaulin Market Regional Insights
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"Growth in the Automotive and Construction Sector in North America to Drive Market Share "
North America is projected to dominate the tarpaulin market share owing to increased demand from the automotive and construction sector. Presence of market players in the region and growing need for the sheet in the agriculture sector. Rapid development in the industrial sector and increased industrialization are predicted to flourish market growth. The sheets are the waterproof and flexible sheet that is made from strong materials such as canvas, plastic, H.D.P.E., and polyester. Also, a growing number of outdoor activities such as hikes and treks is expected to positively affect the market growth in the upcoming years
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Shur-Co (U.S.)
- Dothan Tarpaulin Products (U.S.)
- Heytex Group (Germany)
- Seaman Corporation (U.S.)
- Tarp America (U.S.)
- Midwest Canvas (U.S.)
- Chicago Dropcloth & Tarpaulin (U.S.)
- Kaps Tex (South Korea)
- Serge Ferrari (France)
- Canadian Tarpaulin Manufacturers Ltd. (Canada)
- Verduyn Tarps (Canada)
- Detroit Tarp (U.S.)
- Cooley Group (U.S.)
- Harp's Tarps (U.S.)
- Sioen Industries (Belgium)
- A&R Tarpaulins (U.S.)
- Gosport Manufacturing (U.S.)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 8454.65 Million in 2021 |
Market Size Value By |
US$ 3003.01 Million by 2031 |
Growth Rate |
CAGR of 4.52% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the tarpaulin market expected to touch by 2027?
The global tarpaulin market size is expected to reach USD 11021.58 million by 2027.
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What CAGR is the tarpaulin market expected to exhibit by 2027?
The tarpaulin market is expected to exhibit a CAGR of 4.52% by 2027.
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What are the driving factors of the tarpaulin market?
Drivers of this market are growing demand from the agriculture sector and use in logistics and transportation.
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Which are the top companies operating in the tarpaulin market?
Shur-Co, Dothan Tarpaulin Products, Heytex Group, Seaman Corporation, Tarp America, Midwest Canvas, Chicago Dropcloth & Tarpaulin, Kaps Tex, Serge Ferrari, Canadian Tarpaulin Manufacturers Ltd., Verduyn Tarps, Detroit Tarp, Cooley Group, Harp's Tarps, Sioen Industries, A&R Tarpaulins, and Gosport Manufacturing.