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Textile Composite Market Report
Textile Composites Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026
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.
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Textile Composites Market – Snapshot |
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Growth |
6.7% for the next five years |
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Major End-Use Application Type |
Electrical & Electronics |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
Owens Corning, Hexcel Corporation, Saertex Gmbh & Co. Kg, Bgf Industries, Inc., Chomarat Textile Industries, Sigmatex Ltd., Toray Industries Inc., Milliken & Company, Tah Tong Textile Co. Ltd., and Hindoostan Technical Fabrics Ltd. |
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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.
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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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.
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Textile Composites Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The textile composites market is segmented into the following categories.
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Some of the major textile composite manufacturers are-
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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.
The textile composites market is expected to witness an impressive growth of 6.7% CAGR 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 textile composites market.
Asia-pacific is expected to be the largest textile composites market during the foreseeable future.
The major factor driving the textile composites market in Asia-pacific region is increasing demand for textile composites from electrical & electronics, wind energy, aerospace & defense, automotive, and sporting goods industries of the region.
The electrical & electronics application segment dominates the textile composites market.
Increasing usage of lightweight materials in the transportation industry, such as automotive and aerospace, is driving the market for textile composites, globally.
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