Textile Composite Market Report

Market Insights

Textile Composites market is likely to witness an impressive CAGR of 6.7% during the forecast period. Increasing usage of lightweight materials in the transportation industry, such as automotive and aerospace, is driving the market for textile composites, globally.

Segment Analysis

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Textile Composites Market Share: By Application Type

Based on the application type, the textile composites market is segmented as aerospace & defense, electrical & electronics, construction, sporting goods, railways, marine, wind energy, and others. The electrical & electronics application segment dominates the market. The growth of the segment is owing to excellent insulating properties and high-modulus of elasticity, on account of which, textile composites are majorly used in fiber optic cables and protective enclosures for electrical parts. They offer great flexibility, lightweight property, dimensional stability, and high strength in electrical cables and fine gauge cables for electronic device applications, such as computer power cords, mobile phone cables, earphone cables, and USB cords.

Textile Composites Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for textile composites during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is majorly driven by the increasing demand for textile composites from electrical & electronics, wind energy, aerospace & defense, automotive, and sporting goods industries of the region. Increasing demand for wind energy as growing part of clean energy and increasing penetration of composite textiles in prepreg form in the aerospace industry are one of the major factors driving the region’s market. Textile composites are used in various aerospace applications for fuselage skins, floor panels, and fire walls to reduce the weight of airplanes.  North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Market Scope & Segmentation        

Textile composites are fiber-reinforced composite materials that are used owing to their high strength-to-weight and stiffness-to-weight ratios. Textile composites are attracting growing interest due to their cost and performance spectra that offer opportunities for new applications of textile composites.

Textile composites are of different types, such as woven and non-woven fabrics, that are used in various end-use applications, such as aerospace & defense, electrical & electronics, construction, sporting goods, railways, marine, wind energy, and others.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The textile composites market is segmented into the following categories. 

Textile Composites Market Size, Share, & Forecast, by Fiber Type:

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

Textile Composites Market Size, Share, & Forecast, by End-Use Application Type:

• Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Sporting Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Railways (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Textile Composites Market Size, Share, & Forecast, by Textile Type

• Woven (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Non-Woven (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Textile Composites Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major textile composite manufacturers are-

• Owens Corning
• Hexcel Corporation
• Saertex GmbH & Co. KG
• BGF Industries Inc.
• Chomarat Textile Industries
• Sigmatex Ltd.
• Toray Industries Inc.

Research Methodology

This report offers high-quality insights and is 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. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. 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

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

Market Segmentation

• Current market segmentation of any one of the fiber types by end-use application type.  

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 at sales@stratviewresearch.com.