Weather , , 0°C

Textile Composites Market Size Forecast to Reach $8.1 Billion by 2026

 Breaking News
  • No posts were found

Textile Composites Market Size Forecast to Reach $8.1 Billion by 2026

May 28
21:06 2021
Textile Composites Market Size Forecast to Reach $8.1 Billion by 2026

Textile Composites Market
The Increasing Demand for Personal Electronic Devices Is Anticipated to Boost the Market Demand for Textile Composites in the Near Future.

Textile Composites Market size is forecast to reach $8.1 billion by 2026, after growing at a CAGR of 7.5% during 2021-2026. Textile composites are widely favored in aerospace and various other end-use industries, due to multiple factors such as cost reduction, improved component efficiency and reduced component weight. Furthermore, with the rising demand for printed circuit boards in electrical & electronics industry, the demand for textile composites is also anticipated to create new opportunities for the growth of the global textile composites industry in the forecast era.

Impact of Covid-19

COVID-19 has adversely affected the market for composites across various end-use industries such as aerospace & defense, automotive & transport, wind, building & infrastructure, and pipes & tanks. The supply chain instability resulting in delays or non-arrival of raw materials, disrupted financial flows, and the absenteeism among manufacturing line staff have forced aircraft and automotive manufacturers to operate at zero or partial capacity.

Textile Composites Market Segment Analysis – By Fiber Type

Carbon fiber segment held the largest share of more than 35% in the textile composites market in 2020. Carbon fiber is an extremely lightweight fiber that is made from the carbon product. Carbon fibers have been found to be commonly used in commercial and civilian aircraft, recreational, manufacturing and transport industries. Carbon fiber is a rare combination of strength and light weight; these properties make it ideal for use in applications where the basic requirements are power, light weight and good shelf life. They can also be used when the high temperature, chemical inertia and high damping are significant. Carbon fiber reinforced plastic can also contribute to the construction of longer bridges, higher buildings or wider stretches with self-supporting roofs. Thus, increasing demand of carbon fibre will further drive the market for textile composites in the forecast period.

Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=15203

Report Price: $ 4500 (Single User License)

Textile Composites Market Segment Analysis – By Type

Non-woven segment held the largest share of more than 45% in the textile composites market in 2020. For a long time, nonwoven fabrics were developed by mechanical, physical, chemical, heat or solvent treatment by binding cut fibers. Nonwoven structure has special properties compared to other textile structures; high fiber direction strength and stability and vice versa perpendicular to the fabric. Nonwovens are also used in medical and industrial applications including surgical masks, caps, filters for fuel, etc. In composite industries, the solid strength and high stiffness of nonwovens in the fibre path could be used effectively. Nonwovens are good substitutes, because the cost of production is low and the thickness can be easily varied. One of the most critical factors for good performance is the interface within the composites.

Textile Composites Market Segment Analysis – By Application

Aerospace sector held the largest share of more than 30% in the textile composites market in 2020 and is projected to grow at a CAGR of 8.4% during the forecast period 2021-2026. For many functional applications, textile composite is the most important and vast sector for the diverse product growth. One such class of materials is textile composite materials which play an important role in aerospace components. Reduced weight and improved fuel efficiency have always been the key drivers in the aerospace industry of using glass textile composites and carbon textile composite in prepreg form. Despite their exceptional strength and stiffness-to-density ratios and superior physical properties, textile composites are especially attractive for aviation and aerospace applications. Textiles used in aerospace are commonly divided into aircraft textiles and space textiles, depending on the applications. Therefore, with the growing aerospace industry the demand for textile composites market is expected to grow in the forecast period.

Textile Composites Market Segment Analysis – By Geography

Asia-Pacific held the largest share with 45% in the textile composites market in 2020. Asia-Pacific is seeing a major increase in demand from the aerospace and electrical & electronics industries for textile composites. Currently China has the largest spending on defense after the United States. Also, countries such as India and Japan have seen steady growth in defense spending in recent years. Hence, the growth is further boosting the demand for textile composites in asia-pacific region. According to India Brand Equity Foundation, India has set to become 3rd largest aviation market by 2020. By 2020, passenger traffic at Indian airports is expected to increase to 421 million from 223.61 million in 2016.Owing to the rising aerospace industry the demand for textile composites market is also anticipated to boost in the forecast period.

Textile Composites Market Drivers

Increasing demand for textile composites in the electrical & electronics industry

Textile composites are used for their excellent insulating properties in the electrical & electronics field. Because of their high elasticity assembly, they are used in marine and aerospace applications mainly in fiber optic cables and protective enclosures for electrical components. Textile composites provide durability, lightweight, dimensional stability and improved strength for personal electronic device applications such as computer power cords, cell phone cables, MP3 earphone cables and USB cords in electro-mechanical cables and fine gage cables. Also, the glass textile composites are widely used in the PCBs for a number of electronics applications. Thus, the increasing demand for personal electronic devices is anticipated to boost the market demand for textile composites in the near future.

Rising demand for textile composites from the automotive and wind energy applications

Over the past decades, the automotive industry has focused particularly on developing and introducing new materials and technologies to increase the level of comfort and protection in cars, but on the other hand on reducing the weight of the means of transportation with a view to reducing energy consumption. In this framework, textile-reinforced composite structures come into possession by fulfilling these demands of one of the most preferred materials in the automotive industry. Wind turbine blades are main components of the framework for producing wind power. Textile composites are the material of choice for wind turbine rotor blade manufacturing. Fiber-reinforced composites are commonly used in the construction of large scale wind turbines in wind turbine blades. Thus, increasing demand for textile composites in the automotive and wind energy sectors will raise the demand for the market in the forecast period.

Textile Composites Market Challenges

Lack of standardization in manufacturing technologies and issues related to recycling pose challenges for textile composites manufacturers

Manufacturing and non-recurring production costs continue to constrain composite penetration in many applications. The major issues are design quality, process standardization and maintenance technologies. The lack of material and methodology standardization compels manufacturers to accept conservative designs which hamper automotive and aircraft mass production and economic efficiency. Moreover, limited skilled and qualified human resources restrict wider textile composite applications. Also, the complex material compositions and the cross-linked nature of textile composites, make the recyclability of textile composites difficult. The difficulty in recycling is a major challenge faced by textile composite manufacturers. Most of the composites used are at landfill disposal.

Production of low cost textile composites

The overall demand for lightweight textile composite solutions is rising, but the production of textile composite materials are still higher. Due to their higher production rates, production methods are desirable compared with conventional unidirectional laminates. With the use of new advanced processing processes, textile composites can be manufactured in large quantities at a fair rate. Although the direct use of fibers or yarns can be less costly for material expenditures, but such fabrics cannot be treated and shaped into complicated component forms. Thus, the production of low cost textile composites is one of the major challenges creating hurdles in the market growth.

Textile Composites Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the textile composites market report. Major players in the textile composites market are Owens Corning, Hexcel Corporation, Saertex GmbH & Co. KG, BGF Industries Inc., DuPont, Hyosung, Chomarat Industries, Sigmatex Ltd, Toray Industries, and Teijin Limited among others.

Key Takeaways

In 2020, the Asia Pacific dominates the textile composites market due to the increase in investments and manufacturing technologies in the aerospace industry.

The value of fiber composites for textiles has already been seen to be lightweight materials with solid, stiff and cost-effective properties. The attempts to develop low-cost fiber composites have led to a variety of new processing processes now being used in the textile fiber composites industry.

Due to the unique advantages of textile composites over conventional materials, such as metals and ceramics, textile-reinforced composites are increasingly used in various industries such as aerospace, building, automotive, medicine, and sports.

The high production volume of textile composite production method attracts more than traditional unidirectional laminate composites. Also, the yarn connections that enhance structural stability and damage tolerance also make the textile composites appealing.

Related Reports :

A. Composites Market 

https://www.industryarc.com/Report/15225/composites-market.html

B. Textile Chemicals Market

https://www.industryarc.com/Report/11686/textile-chemicals-market.html

For more Chemicals and Materials Market reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.

Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: 1-614-588-8538 (Ext: 101)
Address:Madhapur
City: Hyderabad
Country: India
Website: http://industryarc.com/

Related Articles

Calendar

June 2021
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930  

Categories