Operating business13% entry signalMarket screen5 sourced figuresStructure decidescapital intensity

Fabric Coating & Commission Finishing

SoftwareTypically runs on Standard manufacturing ERP. · no software market screened here yet — the industry page
Prepared 2026-09-18

The industry — Textile and fabric finishing and fabric coating

Base industry report for 3133 →
Establishments · CanadaA
107
with employees
Under 10 employeesA
70%
most common size: 1–4

Of 107 Canadian establishments with employees, 70% have fewer than ten — mostly small operators.

Entry signal — what decides who wins here

Structure decides
Structure decides One thing must be true Execution decides

The binding constraint is not executional. Being better than the incumbent does not, by itself, get you in — this one is cleared with capital, an asset, or a permission.

What you would have to beat

Come with the asset, or buy the business that owns it. Plant, fleet, land or quota decide this market before any operating skill does. Operators here are bought, not started.

How it was read
Binding constraintUNVERIFIEDcapital intensity — Capital — being better does not, by itself, clear it.
How fragmented the field isA70% of establishments have fewer than ten employees — Fragmented — there is share to take and no scale operator to displace.
What it costs to be in the businessUNVERIFIEDhigh capital — The structural profile of subsector 313, inherited by every industry beneath it.
How many new establishments are still tradingA
Manufacturing, US · opened 2020
86.2%
1 year
70.8%
3 years
58.4%
5 years
45.3%
10 years
opened 2015

Measured, not forecast: the share of US establishments opening in one year that were still active later. It counts good operators and bad ones together, which is exactly why it is the honest answer to “what are the odds”. It is for the whole sector rather than this market, and the ten-year figure comes from an older cohort because no younger one has reached ten years.

This is not a probability of success, and it is not a verdict on you. No survival probability is published per market, and inventing one would be worse than saying so. What the bar reads is how much of the outcome sits inside an operator's control: green means the hurdles are ones a better operator clears, red means the binding constraint is capital, an asset or a permission rather than execution. Someone arriving with an advantage this screen did not assume can win a market shown in red.

Companies named in this market · 2

The binding constraint — capital intensity

The pre-screen read this as a finishing plant with an environmental permit attached. The size bands complicate that: 75 of the 107 Canadian establishments have fewer than ten employees, so small shops plainly exist — dye houses, garment finishers, short-run laminators. The group splits in two, and the halves are moving apart. Commission finishing is derived demand: it processes other mills' cloth and other makers' garments, and as those customers thin out so does the work — $110.0M of revenue in 2024, from $120.2M in 2019 [A]. Coating and laminating is the half that grows — $290.0M in 2024, from $239.9M in 2019 [A] — because a coated fabric is a product with its own specification, sold into protective clothing, transport and industrial uses. So the reachable half is shrinking and the growing half is the expensive one. A coating line is a coater, a curing oven, solvent or plastisol handling and an air permit, all sunk before a customer has qualified a single roll, and the whole group ran expenses above revenue in 2022 and a surplus of only 3–8% in the years around it [A]. The cut is capital intensity: the entry an ordinary entrant can afford is the dye house whose customers are disappearing, and the entry worth having costs a plant.

Market scalenational

Commission finishers serve the fabric mills and apparel makers within trucking distance, which in Canada means the Montreal and southern Ontario clusters. Coated fabric is a specified product shipped to manufacturers across North America. Taken together the group competes nationally, with imports of coated fabric as the alternative for every buyer.

Canadian establishments with employeesA 107 (Statistics Canada, December 2023) — 75 have fewer than ten employees; 52 in Ontario, 25 in Quebec
Textile finishing and fabric coating — total revenue, 2024A C$399.9M against C$368.0M of expenses; in 2022 expenses (C$391.5M) exceeded revenue (C$377.5M); in 2019–2021 and 2023–2024 revenue exceeded expenses by 3–8% of revenue (Annual Survey of Manufacturing and Logging Industries, table 16-10-0117-01, preliminary; 2024 quality grade C)
Fabric coating revenueA C$290.0M in 2024, from C$239.9M in 2019 (same table)
Textile and fabric finishing revenueA C$110.0M in 2024, from C$120.2M in 2019 (same table)
I

Who you would be competing with

The operators already at scale here, and whoever is buying these businesses. In most of these industries the competition an entrant meets is local, so this is who sets the terms rather than a list of everyone in the trade.

Largest operator
No Canadian leader — 75 of the 107 establishments have fewer than ten employees. The nearest listed comparable is SergeFerrari Group (Euronext Paris: SEFER), which makes the coated composite membrane a Canadian coater is quoted against
Scale
FY2025 revenue €347.5M, up 7.4% at current scope and exchange rates, of which €47.5M in the Americas, up 42.7%; manufacturing in France, Switzerland, Germany, Italy and Asia, selling in 80 countries through more than 100 independent distributors.
Concentration
Not published. SergeFerrari puts its own global market at around €6 billion — a company estimate, and treated here as one, not as a measurement.
Others in the field
Imported coated fabric, which is what every Canadian buyer's alternative actually is; the Canadian coaters, laminators and converters on the Canadian Textiles Industry Association's member list — Stedfast (Granby), Vintex, Texel and Doubletex; and, at the commission-finishing end, the dye houses and garment finishers the size bands imply.
Lock-in mechanism
Qualification and an air permit. A coated fabric is bought to a specification and the customer's approval attaches to the line that ran the sample, so the work does not move on price alone.
Price movement
Not measured for Canadian commission finishing. The group ran expenses above revenue in 2022 — C$391.5M against C$377.5M — and a surplus of only 3–8% of revenue in the years around it.
Is the buyer consolidating?
No — No consolidator was found buying Canadian coaters or dye houses, and no transaction price was located. An owner selling a finishing plant here is negotiating with one buyer, not into a market.
F

Financials & market size — sourced

Figures that came from a filing, a results release or reputable reporting, each carrying its evidence tier.

SergeFerrari Group revenue, FY2025A €347.5M, up 7.4% at current scope and exchange rates and 7.9% at constant scope (€323.6M in 2024)
SergeFerrari Americas revenue, FY2025A €47.5M, up 42.7% at current scope and exchange rates
SergeFerrari's own estimate of its global marketC "around €6 billion" across tensile architecture, modular structures, solar protection and furniture/marine — the company's figure, published in its own release
Fabric coating revenue, CanadaA C$290.0M in 2024, from C$239.9M in 2019 (Annual Survey of Manufacturing and Logging Industries, table 16-10-0117-01)
Textile and fabric finishing revenue, CanadaA C$110.0M in 2024, from C$120.2M in 2019 (same table)
V

The field

Every operator named on this record, and what each one discloses. A private single-site operator discloses nothing, which is the normal case — the listed consolidators are the only window in.

Competitor set · 3 named · 0 disclose revenue

NameRevenueShareNote
SergeFerrari GroupSEFERA not disclosed — FY2025 revenue €347.5M, up 7.4%, Americas up 42.7%. The only operator in this field that publishes anything, and it reports in euros for a European business — deliberately not carried into a dollar total
Stedfast · Vintex · Texel · DoubletexC not disclosed — Canadian coaters, laminators and converters on the Canadian Textiles Industry Association's published member list. All privately held; none publishes revenue and none was researched beyond the listing
The 107 Canadian finishing and coating establishmentsA not disclosed — The competitive structure itself: 75 with fewer than ten employees, one with 200 or more; 52 in Ontario and 25 in Quebec (Statistics Canada, December 2023)

Nobody here publishes revenue. The market is not sized for that reason — an estimate built on nothing would only look like knowledge.

Evidence

Evidence. The revenue and expense series are from Statistics Canada's Annual Survey of Manufacturing and Logging Industries, table 16-10-0117-01, 2024 preliminary [A]; the 2012 values sit on the far side of a series break the agency flags and were not used. No US figure is attached because the code did not join cleanly to County Business Patterns. The establishment count was supplied from the agency's December 2023 business counts [A]. No Canadian company anchor exists — the Canadian coaters are private and none reports results — so nothing here sources what a line costs or what a Canadian coater earns. The nearest listed comparable, added with the competitive field, is SergeFerrari Group, whose FY2025 revenue, geographic split and self-estimated market size were read in its own results release of 26 January 2026 [A]; it is a European membrane maker and its figures size the product category, not the Canadian trade. The Canadian names come from the Canadian Textiles Industry Association's published member list [B], which establishes membership and nothing else. That the small establishments are dye houses and garment finishers is inferred from the definition and size bands. The capital figure that carries the cut is UNVERIFIED, and the cut factor is analyst judgment.

#

Where the industry talks

The associations, forums and events where people in this trade actually talk shop — where to listen before entering, and where the first customers are found. Each link was opened on the date shown.

AssociationInternationalA
Advanced Textiles Association (ATA)
textiles.org · 1,400 members (2026-09)

Site states 1,400+ member companies in specialty fabrics and technical textiles; market-segment groups and a member community.

Checked 2026-09-22
EventNorth AmericaA
Advanced Textiles Expo
advancedtextilesexpo.com

ATA's annual trade show and Emerging Technologies Conference; 2026 edition 3-5 November in Orlando.

Checked 2026-09-22
AssociationNorth AmericaA
INDA, Association of the Nonwoven Fabrics Industry
inda.org

Nonwovens and engineered fabrics body; test methods, courses and market data relevant to coating and laminating.

Checked 2026-09-22
AssociationCanadaA
Canadian Apparel Federation
caf-fcv.ca

National apparel industry body and the customer side of garment finishing; apparel.ca redirects here. Trade bulletins and webinars.

Checked 2026-09-22
AssociationUSA
National Council of Textile Organizations
ncto.org

US textile manufacturers' association; trade and tariff advocacy that sets the terms commission finishers work under.

Checked 2026-09-22
PublicationInternationalA
Textile World
textileworld.com

Trade title with a dedicated dyeing, printing and finishing section plus technical textiles coverage.

Checked 2026-09-22

AATCC (aatcc.org) blocks automated access from this network and was not listed.