"Overview of Tarpaulin Sheets Market"
Tarpaulin Sheets Market Was Valued At US$ 7.5 Bn in 2018 and Is Expected To Witness A CAGR Of 4.4% during the Forecast Period (2019-2027)
Tarpaulin sheets are used in agriculture sectors owing to its benefits such as it is heavy-duty, waterproof and these qualities make it a better choice for the end-users. These factors boost the growth of the tarpaulin sheets market during the forecast period. Also, there is a shift observed in the market from traditional farming methods to use of advanced technology and equipment in various developing nations such as India, China, ASEAN countries, and Brazil,
Moreover, tarpaulin sheets also serve as a temporary shelter for silage and livestock during extreme weather conditions. Also, usage of tarpaulin sheets has reduced agricultural wastage and hence boosting the growth of tarpaulin sheets market across the globe.
Infact, manufacturers are offering tarpaulin sheets with varied benefits and features to remain competitive in the market. High focus on innovation and R&D boosts the growth of the tarpaulin sheets market during the forecast period.
By Product Type, Hoarding Tarps Accounted For a Key Share of Global Tarpaulin Sheets Market in 2018
Hoarding tarpaulins are lightweight and puncture resistant. Apart from this, these also offer various benefits such as these are high in tensile strength and are made up of durable material to withstand extreme temperature and weather conditions.
Hoarding tarpaulin sheets are widely available in various applications and end-uses. These sheets are inert to chemicals and acids. Owing to wide applications and benefits, these are rapidly adopted in various end-use industries such as construction, agriculture and other prominent industries. Owing to its waterproof nature, it is rapidly adopted in industries such as wood and agriculture.
By End-Use Industry, Agriculture Has Accounted For a Significant Share in Global Tarpaulin Sheets Market In 2018
Agriculture held a significant share of xx% in 2018 and is expected to remain dominant during the forecast period. Agriculture is the prominent end-use industry and was estimated to hold around 2/7th of the market share in the global tarpaulin sheets market in 2018.
Tarpaulin Sheets are preferred choices to be used in the construction industry. Owing to its various properties such as these are light in weight, being translucent and UV resistant, it is rapidly adopted in the construction industry,
Asia Pacific Accounted For A Significant Share of Global Market in 2018 and Is Expected To Remain Dominant during the Forecast Period
The APEJ region, with countries such as Vietnam, South Korea, India, is expected to be the major contributor to the growth of the tarpaulin sheets market. Countries in the APEJ region such as China and India have witnessed high growth in urbanization over the past decade. Increased penetration of ash and cement construction has boosted the consumption of waterproof and heavy-duty fabrics such as tarpaulin in this region
Competitive Landscape Analysis
Key players operating in the tarpaulin sheets market are Vietnam Hoa Ha Co. Ltd., Tu Phuong Tarpaulin, KSA Polymer, Tan Dai Hung Plastic JSC., Gia Loi JSC., Canadian Tarpaulin Manufacturers Ltd, Telford Tarpaulins Limited, Fulin Plastic Industry Co., Ltd, C&H Tarps Co., Ltd., and others.
Tier-1 players in the tarpaulin sheets market are characterized by a strong network of wholesalers, high volume production, and high export from Asia to other countries. Fulin Plastic Industry Co., Ltd., Zhejiang Msd New Material Co., Ltd, Veer Plastics Private Limited are tier-1 companies operating in the market. Expansion and product development are the key strategies used by tier-1 companies in the past five years.
Tarpaulin Sheets Market Segmentation:
- Polyethylene (PE)
- Poly Vinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Polyamide (PA)
By Product Type:
- Insulated Tarps
- Hoarding Tarps
- Truck Tarps
- UV Protected Tarps
- Sports Tarps
- Mesh Tarps
- Less than 100 GSM
- Between 100 to 300 GSM
- Between 300 to 600 GSM
- Above 600 GSM
- Up to 2 Layers
- 3 Layers Laminate
- 4 Layers Laminate
- Above 4 Layers
- Building & Construction
- Storage, Warehousing & Logistics
- Consumer Goods
- North America
- Latin America
- Asia Pacific
- Middle East and Africa