Textile Composites Market Size

Statistics for the 2023 & 2024 Textile Composites market size, created by Mordor Intelligence™ Industry Reports. Textile Composites size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Textile Composites Industry

Textile Composites market - Market Summary
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

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*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 Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)