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    Textile Composites Market Report

    Textile Composites Market Report
    Report code - SRAM438 Published On : Feb,2021 No. of Pages: 220
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    Composite Textiles Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026 See more...

    Impact of COVID-19 on Textile Composites Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Textile Composites Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Composite textiles are becoming an inherent part of the textiles industry with their growing eminence across major end-use industries. There are more than 50 global and regional players, engaged in supplying composite textiles with a few players hold a distinct position in the market. Key market participants have a wide-geographical presence and also gained excellent brand identity after dedicating eons of market presence and efforts to research & development. Composite textiles have gained significant interest as structural materials in many end-use industries owing to their value proposition and their unique combination of damage tolerance, delamination, and free and complex shape formability.

    Impact of COVID-19 on the Composite Textiles Market

    The COVID-19 outbreak recorded a massive downturn in the composite textiles market, wrecking the hopes of another successful year in 2020. Nevertheless, the long-term scenario still seems lucrative, backed by strong industry fundamentals coupled with the stakeholders’ unmatched ability to strive through the crisis. The composite textiles market is likely to follow suit, moving parallelly with the industry’s rebound, experiencing a gradual rejuvenation in the demand from 2021 onwards. The sudden outburst of COVID-19 has panicked the market players, bringing in unsought changes in the business.

    Disruption in the supply chain, delays in B737 Max approval, a hefty decline in the production of automotive and rails; halt in the construction activities and production of consumer goods are some key pandemic-related factors affecting the market health severely. Stratview Research reckons that the market is expected to recoup in the next five years with a healthy CAGR to reach a value of US$ 7.1 billion in 2026.

    Composite-Textiles-Market-Forecast

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    Segment Analysis

    Composite Textiles Market Share by Product Type

    Based on the product type, the market is segmented into woven textiles, woven yarn, multi-axials, and Continuous Strand Mat (CSM)/Continuous Filament Mat (CFM). Woven yarn is expected to remain the most dominant product type in the market. There is a huge dominance of woven yarn in the electrical and electronics (E&E) industry, primarily used for making PCB laminates. The woven textile is also subjected to maintain its strong presence in the market in the coming five years, driven by increased usage in cost-sensitive applications.

    Composite Textiles Market Share by Application Type

    Based on the end-use industry type, the market is segmented as aerospace & defense, transportation, wind energy, marine, construction, electrical & electronics (E&E), pipe & tank, and others. Wind energy is expected to maintain its dominant position in the market for the forecast period in terms of value. Despite breath-taking market environments, wind energy flourished at a handsome rate in 2020, marking an impressive growth. Multi-axial fabrics are a choice of material in the wind energy segment, used to manufacture wind blades (blades). The Electrical & Electronics segment also accounts for sizeable market demand, close to the wind energy segment.

    Regional Insights        

    Among regions, Asia-Pacific is estimated to hold the lion’s share in the market during the forecast period. China alone registers more than one-third of the global sales in 2020. The high penetration of the wind energy industry in China has partially offset the overall market decline in the country. North America is expected to remain the second-largest market during the forecast period. The USA acts as a growth engine of the region with the presence of key suppliers, OEMs, and tier players.  Among all regions, Europe to be the worst-hit region by the pandemic in 2020; however, the demand in the region is estimated to resuscitate in the coming years.

    Composite-Textiles-Market-By-Region

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    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2015-2026

    Regions Covered            

    North America, Europe, Asia-Pacific, Rest of the World

    Size in 2026

    US$ 7.1 billion

    Countries/Subregions Covered

    The USA, Canada, Mexico, France, Germany, the UK, Russia, Spain, Italy, China, Japan, India, Brazil, Argentina and others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The global composite textiles market is segmented into the following categories.

    Composite Textiles Market Size, Share & Forecast, By Reinforcement Type

    • Glass Fiber Textiles (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • Carbon Fiber Textiles (Regional Analysis: North America, Europe, Asia-Pacific, RoW)

    Composite Textiles Market Size, Share & Forecast, By Product Type

    • Woven Textiles (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • Woven Yarn (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • Multi-Axials (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • CFM/CSM (Regional Analysis: North America, Europe, Asia-Pacific, RoW)

    Composite Textiles Market Size, Share & Forecast, By Process Type

    • Hand Layup (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • Resin Infusion (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • Pultrusion (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • Prepreg Layup (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, RoW)

    Composite Textiles Market Size, Share & Forecast, By End-Use Industry

    • Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • Marine (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • Transportation (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • E&E (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • Pipe & Tank (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, RoW)

    Composite Textiles Market Size, Share & Forecast, By Region

    • North America (Country Analysis: The USA, Canada, Mexico)
    • Europe (Country Analysis: France, Germany, the UK, Russia, Spain, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Key Players

    The supply chain of this market comprises raw material suppliers, composite textile manufacturers, tier players, OEMs, and end-users.

    The key composite textile manufacturing companies are-

    • Owens Corning
    • China Jushi Co., Ltd.
    • SAERTEX GmbH & Co. KG
    • Toray Industries, Inc.
    • Kingboard Laminates Holdings Limited
    • Sinoma Science & Technology Co., Ltd.
    • Taiwan Glass Group
    • Nitto Boseki Co., Ltd.
    • Chongqing Polycomp International Corp. (CPIC).

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Report Features

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s composite textile market realities and future possibilities for the forecast period of 2021 to 2026. After a continuous interest in our glass fiber textiles market, carbon fiber textiles market, multi-axials market, and non-woven textiles market report from the industry stakeholders, we have tried to further expand our research scope in the composites industry to the composite textiles market. The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for composite textiles at the global, regional, as well as country level. Also, the report provides the possible loss that the industry will endure by comparing pre-COVID and post-COVID scenarios. The vital data/information provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling of Leading Players

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market size (2020) of any one of the product types by end-use industry

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]

    Frequently Asked Questions (FAQs)

    The composite textiles market is expected to witness an impressive CAGR of 4.4% in the foreseeable future.

    Owens Corning, Hexcel Corporation, Saertex GmbH & Co. KG, BGF Industries Inc., Chomarat Textile Industries, Sigmatex Ltd., and Toray Industries Inc are among the key players in the composite textiles market.

    Asia-Pacific is expected to be the largest market over the next five years.

    The electrical & electronics application segment dominates the composite textiles market.

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