Textile Composites

Textile Composites

Global Textile Composites Market to Reach US$8.8 Billion by 2030

The global market for Textile Composites estimated at US$6.2 Billion in the year 2023, is expected to reach US$8.8 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2023-2030. Glass Fiber, one of the segments analyzed in the report, is expected to record a 5.2% CAGR and reach US$4.6 Billion by the end of the analysis period. Growth in the Carbon Fiber segment is estimated at 5.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.6 Billion While China is Forecast to Grow at 9.1% CAGR

The Textile Composites market in the U.S. is estimated at US$1.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.0% and 5.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Global Textile Composites Market - Key Trends and Drivers Summarized

Why Are Textile Composites Critical to High-Performance Applications?
Textile composites are gaining attention as lightweight, high-strength materials that are used across various industries such as aerospace, automotive, sports equipment, and construction. Comprising a combination of textile fibers (such as carbon, glass, or aramid) embedded in a polymer matrix, textile composites offer enhanced mechanical properties, including improved strength, durability, and resistance to environmental factors. Their lightweight nature makes them ideal for applications where reducing weight while maintaining performance is critical. In sectors like aerospace and automotive, textile composites contribute to fuel efficiency and reduced emissions, making them an increasingly important material in efforts to achieve sustainability goals.

How Are Textile Composites Applied in Various Industries?
Textile composites have a wide range of applications in industries where performance, durability, and weight savings are critical. In the aerospace sector, they are used in the manufacture of aircraft components, such as wings and fuselages, to reduce weight and improve fuel efficiency. In the automotive industry, textile composites are being adopted for the production of body panels, interior components, and structural parts to enhance vehicle performance while lowering emissions. Additionally, the construction industry uses textile composites for reinforcement in building materials, offering better resistance to environmental stressors. In the sports and recreation sector, textile composites are utilized to manufacture high-performance equipment, such as tennis rackets, bicycles, and helmets.

What Segments Define the Textile Composites Market?
Fiber types include carbon fiber, glass fiber, and aramid fiber, with carbon fiber composites holding a significant share due to their superior strength-to-weight ratio. Applications of textile composites span industries such as aerospace, automotive, construction, and sports equipment manufacturing. End-user industries are largely concentrated in developed regions such as North America and Europe, where advanced manufacturing processes are prevalent. However, the Asia-Pacific region is witnessing rapid growth, driven by increasing investments in automotive and aerospace production, as well as the expansion of construction activities in emerging economies.

The Growth in the Textile Composites Market Is Driven by Several Factors
The growth in the textile composites market is driven by several factors, including the increasing demand for lightweight materials in aerospace and automotive industries, advancements in composite manufacturing technologies, and rising focus on fuel efficiency and sustainability. As regulations become stricter regarding vehicle emissions and fuel economy, the adoption of lightweight composite materials is accelerating. Additionally, the growing trend toward green construction and the need for high-performance materials in infrastructure projects are driving demand for textile composites. Innovations in 3D weaving and multi-axial fabric technology are also enhancing the capabilities of textile composites, further fueling market growth. With continued advancements in material science and manufacturing, the textile composites market is poised for significant expansion.

Select Competitors (Total 46 Featured) -

• BGF Industries, Inc.
• Compagnie Chomarat
• Hexcel Corporation
• Milliken & Company
• Owens Corning
• SAERTEX GmbH & Co.KG
• Sigmatex Ltd.
• Tah Tong Textile Co., Ltd.
• Toray Industries, Inc.

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