Report Code: A07678 | Pages: NA | Mar 2023 | 1009 Views | ||
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Request Now !A composite is an amalgamation of two or more materials, which are not similar, to engineer another material that is stronger than the individual materials. The individual fibers are processed and turned into a sheet known as fabric. This fabric can be produced through various textile techniques, such as weaving, knitting, and braiding, to increase the mechanical properties of the fabric. This, in turn, gives rise to textile composites. Textile composites can be flexible, semi- flexible, and rigid in nature. Flexible textile composites are used in conveyer belts and expandable lift rafts. Additionally, rigid textile composites are applied in products known as fiber reinforced plastic (FRP).
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Textile composites have found their application in many different industry verticals and are constantly on the rise. An increase in demand for textile composites can be observed in the aerospace & defense sector. This is attributed to lightweight, insulation properties, reduced cost, and high product performance of textile composites. The demand for printed circuit board (PCB) in the electrical & electronics industry is another factor that fuels the demand for textile composites. They can provide flexibility and stability in electronic cables, which are found in items such as computers, phone cables, and earphones. In addition, they also find application in the automotive industry as they have the ability to significantly reduce the weight of vehicles. The lightweight aspect of textile composites helps to improve fuel efficiency in the transportation industry. In 2014, Asia-Pacific was the contributor of almost 90% in the wind energy industry. This, in turn, fuelled the demand for textile composites in the region. Therefore, these factors are expected to contribute to the demand for textile composites over the forecast period. Â
On the contrary, making textile composites cost-effective by reducing the cost of fibers is a major obstacle faced by manufactures. R&D and heavy investment are needed to make textile composites cost effective. These factors are expected to hamper the growth of the textile composites market over the forecast period.Â
Asia- Pacific is the leading consumer of textile composites, owing to increase in applications and surge in demand in the aerospace & defense, electronics & electrical, and wind energy sectors. In Asia-Pacific, India, China, and Japan are the major consumers of textile composites. After the U.S., China has the major share of expenditure on the defense sector. This factor fuels the growth of the textile composites in the region. In addition, the rapid growth of the sports industry is also another factor that contributes to the demand for textile composites in the region.Â
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Textile Composites Market: Global Opportunity Analysis and Industry Forecast 2020-2027 Report Highlights
Aspects | Details |
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By Fiber Type |
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By Resin Type |
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By Application |
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By Region |
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Key Market Players | Owens Corning, Hexcel Corporation, Saertex GmbH & Co. KG, BGF Industries Inc., Chomarat Industries, Sigmatex Ltd, Toray Industries, DowDuPont, Teijin Limited |
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