Textile Composites Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Textile Composites Market Analysis
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.
Textile Composites Market Trends
This section covers the major market trends shaping the Textile Composites Market according to our research experts:
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.
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 Industry Overview
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.
Textile Composites Market Leaders
TORAY INDUSTRIES, INC.
Dupont
Hyosung
Composite Fabrics of America
TEIJIN LIMITED.
*Disclaimer: Major Players sorted in no particular order
Textile Composites Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand From the Aerospace Sector
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Low Resistance to Impact
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4.2.2 Other Restraints
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4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Fiber Type
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5.1.1 Carbon
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5.1.2 Glass
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5.1.3 Aramid
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5.1.4 Others
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5.2 Application
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5.2.1 Aerospace & Defense
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5.2.2 Electrical & Electronics
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5.2.3 Construction
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5.2.4 Sporting Goods
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5.2.5 Railways
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5.2.6 Marine
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5.2.7 Wind
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5.2.8 Others
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 ASEAN Countries
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5.3.1.6 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East & Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Advanced Textile Composites
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6.4.2 China National Bluestar (Group) Co. Ltd
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6.4.3 Composite Fabrics of America
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6.4.4 Dupont
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6.4.5 HINDOOSTAN MILLS
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6.4.6 HUVIS Corporation
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6.4.7 Hyosung
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6.4.8 KERMEL
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6.4.9 Kolon Industries Inc.
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6.4.10 Lectra
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6.4.11 Teijin Limited
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6.4.12 TORAY INDUSTRIES, INC.
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6.4.13 Yantai Tayho Advanced Materials Co., Ltd
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Emerging Applications in the Optical Fiber Industry
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Textile Composites Industry Segmentation
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 | ||||||||
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Textile Composites Market Research FAQs
What is the current Textile Composites Market size?
The Textile Composites Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Textile Composites Market?
TORAY INDUSTRIES, INC., Dupont, Hyosung , Composite Fabrics of America and TEIJIN LIMITED. are the major companies operating in the Textile Composites Market.
Which is the fastest growing region in Textile Composites Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Textile Composites Market?
In 2024, the North America accounts for the largest market share in Textile Composites Market.
What years does this Textile Composites Market cover?
The report covers the Textile Composites Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Textile Composites Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Textile Composites Industry Report
Statistics for the 2024 Textile Composites market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Textile Composites analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
