Textile Composite Trends and Forecast
The future of the global textile composite market looks promising with opportunities in the electrical and electronic, aerospace, construction, sport good, wind energy, medical, and marine applications. The global textile composite market is expected to reach an estimated $10.3 billion by 2030 with a CAGR of 5.9% from 2024 to 2030. The major drivers for this market are rising application of textile composite based PCBs in electronics and surging interest in clean wind energy sources.Textile Composite by Segment
The study includes a forecast for the global textile composite by type, fiber type, application, and region.Textile Composite Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Woven
- Non-Woven
Textile Composite Market by Fiber Type [Shipment Analysis by Value from 2018 to 2030]
- Carbon Fiber
- Glass Fiber
- Aramid Fiber
- Others
Textile Composite Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Electrical and Electronics
- Aerospace
- Construction
- Sport Goods
- Wind Energy
- Medicals
- Marine
- Others
Textile Composite Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Textile Composite Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies textile composite companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the textile composite companies profiled in this report include-- Owens Corning
- Hexcel
- Saertex
- BGF Industries
- DuPont
- Hyosung
- Chomarat Industries
- Sigmatex
- Toray
- Teijin
Textile Composite Market Insights
The publisher forecasts that non-woven will remain the largest segment over the forecast period due to its widespread application in medical and industrial applications including surgical masks, caps, and filters for fuel.Within this market, aerospace will remain the largest segment due to rising usage of carbon and glass textile composites in this sector to obtain enhanced fuel efficiency and decreased weight.
APAC is expected to witness highest growth over the forecast period due to rising demand for textile composite among aerospace & defense, electronics & electrical, and wind energy sectors of the region.
Features of the Global Textile Composite Market
- Market Size Estimates: Textile composite market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Textile composite market size by type, fiber type, application, and region in terms of value ($B).
- Regional Analysis: Textile composite market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, fiber types, applications, and regions for the textile composite market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the textile composite market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the textile composite market size?Answer: The global textile composite market is expected to reach an estimated $10.3 billion by 2030.
Q2. What is the growth forecast for textile composite market?
Answer: The global textile composite market is expected to grow with a CAGR of 5.9% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the textile composite market?
Answer: The major drivers for this market are rising application of textile composite based PCBs in electronics and surging interest in clean wind energy sources.
Q4. What are the major segments for textile composite market?
Answer: The future of the textile composite market looks promising with opportunities in the electrical and electronic, aerospace, construction, sport good, wind energy, medical, and marine applications.
Q5. Who are the key textile composite market companies?
Answer: Some of the key textile composite companies are as follows:
- Owens Corning
- Hexcel
- Saertex
- BGF Industries
- DuPont
- Hyosung
- Chomarat Industries
- Sigmatex
- Toray
- Teijin
Answer: The publisher forecasts that non-woven will remain the largest segment over the forecast period due to its widespread application in medical and industrial applications including surgical masks, caps, and filters for fuel.
Q7. In textile composite market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising demand for textile composite among aerospace & defense, electronics & electrical, and wind energy sectors of the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the textile composite market by type (woven and non-woven), fiber type (carbon fiber, glass fiber, aramid fiber, and others), application (electrical and electronics, aerospace, construction, sport goods, wind energy, medicals, marine, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Textile Composite Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Owens Corning
- Hexcel
- Saertex
- BGF Industries
- DuPont
- Hyosung
- Chomarat Industries
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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