Industry Background:
Cotton canvas is a cotton fabric used as a painting surface. Cotton canvas is originally manufactured from hemp but is now primarily made of cotton. There are two type of cotton canvas cotton duck canvas and cotton plain canvas. There are various benefit of cotton canvas including waterproof and windproof, sturdy and accept a range of chemical treatments. It is tremendously durable plain-woven fabric used for making sails, tents, marquees, backpacks, and other items for which sturdiness is compulsory. Additionally, it is used by artists as a painting surface, typically stretched across a wooden frame.This growth is primarily driven by Upsurging Growth of Textile Industry and Cotton Canvas holds more Moisture than Conventional Polythene Canvas.
Globally, a noticeable market trend is evident Introduction to Hypoallergenic Cotton Canvas which does not Irritate Skin
. Major Vendors, such as Dimension Polyant GmbH (Germany), Contender Sailcloth (United States), Bainbridge International (United Kingdom), Challenge Sailcloth (United States), British Millerain Co. Ltd. (United Kingdom), IYU Sailcloth Ltd. (Taiwan), Aztec Tents (United States), Mazu Sailcloth (France), Mack Sails (United States) and North Sails (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On March 3rd, 2016, Bainbridge International Ltd, a global manufacturer and distributor of sailcloth, marine hardware and equipment has signed an agreement of active technical partner status with Alex Thomson Racing. This Partnership will allow dynamic innovation and also drive Alex Thomson’s HUGO BOSS campaign and Bainbridge’s market-leading portfolio.
Since the Asia Pacific region dominates the global productivity of the cotton, it will effect on increasing players concentration of the global market. Also, the initial investments are comparatively lower leading to favor threat of new entrants which will further intensify the global market competition. Thus, globally dominating manufacturers including Dimension Polyant GmbH, Contender Sailcloth, Bainbridge International, Challenge Sailcloth, British Millerain Co. Ltd. will adopt product differentiation or geographic expansion to attain competitive advantage.
Market Drivers
- Upsurging Growth of Textile Industry
- Cotton Canvas holds more Moisture than Conventional Polythene Canvas
Market Trend
- Introduction to Hypoallergenic Cotton Canvas which does not Irritate Skin
- Development of Extremely Dense a Light Weight Cotton Canvas
Restraints
- Comparatively Expensive than the other Substitute Canvas
- Less Durable as compared to the Polymer Textiles
Opportunities
Growing Adoption of Canvas in the Footwear Industry and Bag Marketing Industry has Generated Significant Market Share
Challenges
Deteriorating Primer Coating in Canvas Products owing to UV Rays Exposure reduces Canvas Quality and The threat of Multiple Substitutes such as Glass, Fiber, Plywood, and Others
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cotton Canvas Study Sheds Light on
The Cotton Canvas Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cotton Canvas industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cotton Canvas industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.