Textile Composites Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Fiber Type (Carbon, Glass, Aramid, and Others), Application (Aerospace & Defense, Electrical & Electronics, Construction, Sporting Goods, Railways, Marine, Wind, and Others), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East & Africa).

Market Snapshot

Textile Composites market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >6 %

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Market Overview

The global textile composites market is expected to grow at with a CAGR greater than 6% during the forecast period. One of the major factors driving the market is the growing demand from aerospace sector. However, textile composites’ low resistance to impact is likely to hinder the growth of the market studied. 

  • Emerging Applications in the Optical Fiber Industry are expected to provide a major growth opportunity for the market studied.
  • Asia-Pacific is expected to witness the highest growth rate during the forecast period owing to the growing defense expenditure in the region.
  • Among the application areas, electrical & electronics application dominated the market studied and is expected to dominate the market studied during the forecast period.

Scope of the Report

The Textile Composites market report include: 

Fiber Type
Carbon
Glass
Aramid
Others
Application
Aerospace & Defense
Electrical & Electronics
Construction
Sporting Goods
Railways
Marine
Wind
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East & Africa
Saudi Arabia
South Africa
Rest of Middle-East & Africa

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Key Market Trends

Electrical & Electronics Application to Dominate the Market

  • Textile composites are used in the electrical & electronics industry for their excellent insulating properties. Because of their high-modulus of elasticity, they are used primarily in fiber optic cables and protective enclosures for electrical parts in marine and aerospace applications. 
  • Textile composites offer flexibility, lightweight, dimensional stability, and increased strength in electro-mechanical cables and fine gauge cables for personal electronic device applications, such as computer power cords, mobile phone cables, MP3 earphone cables, and USB cords. 
  • The growing demand for personal electronic devices across the world is boosting the demand for textile composites. 
  • Hence, according to the above-mentioned trends, the electrical & electronic application is expected to dominate the forecast period.

 

 

 

Textile Composite Market - Revenue Share

Asia-Pacific to Witness the Highest Growth Rate

  • Asia-pacific is witnessing a significant growth in the demand for textile composites majorly from the aerospace & defense and electrical & electronics industries.
  • China currently has the highest defense spending after the United States. Also, the defense spending of countries like India and Japan are witnessing consistent growth over the past few years. This growth is boosting the demand for textile composites in the region.
  • Additionally, the growing sports industry too has facilitated the consumption of textile composites in the Asia-Pacific region.
  • Hence, owing to the above-mentioned trends is likely to dominate the market studied during the forecast period.
Textile Composites market - Regional Trend

Competitive Landscape

The textile composites market is moderately fragmented as the market share is divided between many players. Key players in the market include, Teijin Limited, Toray Advanced Composites, Composite Fabrics of America, DowDuPont, and Hyosung Corporation, amongst others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand From the Aerospace Sector

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Low Resistance to Impact

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Fiber Type

      1. 5.1.1 Carbon

      2. 5.1.2 Glass

      3. 5.1.3 Aramid

      4. 5.1.4 Others

    2. 5.2 Application

      1. 5.2.1 Aerospace & Defense

      2. 5.2.2 Electrical & Electronics

      3. 5.2.3 Construction

      4. 5.2.4 Sporting Goods

      5. 5.2.5 Railways

      6. 5.2.6 Marine

      7. 5.2.7 Wind

      8. 5.2.8 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Advanced Textile Composites

      2. 6.4.2 China National Bluestar (Group) Co. Ltd

      3. 6.4.3 Composite Fabrics of America

      4. 6.4.4 Dupont

      5. 6.4.5 HINDOOSTAN MILLS

      6. 6.4.6 HUVIS Corporation

      7. 6.4.7 Hyosung

      8. 6.4.8 KERMEL

      9. 6.4.9 Kolon Industries Inc.

      10. 6.4.10 Lectra

      11. 6.4.11 Teijin Limited

      12. 6.4.12 TORAY INDUSTRIES, INC.

      13. 6.4.13 Yantai Tayho Advanced Materials Co., Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Emerging Applications in the Optical Fiber Industry

**Subject to Availability

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Frequently Asked Questions

The Textile Composites Market market is studied from 2016 - 2026.

The Textile Composites Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

TORAY INDUSTRIES, INC., Dupont, Hyosung , Composite Fabrics of America, TEIJIN LIMITED. are the major companies operating in Textile Composites Market.

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