Composite Textile Market Trends and Forecast
The future of the global composite textile market looks promising with opportunities in the transportation, marine, wind energy, aerospace & defense, pipe & tank, and construction markets. The global composite textile market is expected to grow with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are advances in composite materials technology, such as nanotechnology and fiber engineering, growing environmental concerns and regulations promoting sustainable practices, and versatility and performance advantages of composite textiles.
• Lucintel forecasts that carbon fiber is expected to witness the highest growth over the forecast period.
• Within this market, transportation is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Composite Textile Market
• USA - Teijin announces investment in R&D for advanced composite textiles, aiming to meet government targets for lightweight materials in aerospace and automotive sectors. Company targets enhanced performance and sustainability in composite manufacturing.
• China - Hengshen Fiber expands production capacity for composite textiles to support government initiatives for infrastructure development. Targets include improving product quality and efficiency to meet growing demand from domestic and international markets.
• Germany - BMW partners with textile manufacturers to develop innovative composite textiles for use in lightweight vehicle components, aligning with government goals for reducing carbon emissions. Targets include enhancing product performance and cost-effectiveness to meet industry standards for sustainability.
• India - Reliance Industries collaborates with government agencies to promote the adoption of composite textiles in construction projects. Targets include increasing market penetration and enhancing product innovation to support national initiatives for sustainable development and infrastructure modernization.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Composite Textile Market by Segment
The study includes a forecast for the global composite textile market by manufacturing process, fiber type, end use, and region.
Composite Textile Market by Manufacturing Process [Value from 2018 to 2030]:
• Hand Lay-Up
• Spray Up
• Resin Infusion
• Filament Winding
• Pultrusion
• Compression Molding
• Prepreg Layup
• Injection Molding
• Others
Composite Textile Market by Fiber Type [Value from 2018 to 2030]:
• Glass Fiber
• Carbon Fiber
• Aramid Fiber
Composite Textile Market by End Use [Value from 2018 to 2030]:
• Transportation
• Marine
• Wind Energy
• Aerospace & Defense
• Pipe and Tank
• Construction
• Others
Composite Textile Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Composite Textile Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies composite textile companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the composite textile companies profiled in this report include-
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
Recent Development in the Composite Textile Market
• Teijin: Introduces a new line of high-performance composite textiles, optimized for aerospace and automotive applications, aiming to meet increasing demand for lightweight and durable materials in the industry.
• Hengshen Fiber: Invests in research and development to enhance the mechanical properties and processing efficiency of composite textiles, targeting diverse applications in infrastructure and transportation sectors.
• BMW: Collaborates with textile manufacturers to develop specialized composite textiles for use in lightweight vehicle components, aiming to improve fuel efficiency and reduce emissions in next-generation vehicles.
• Reliance Industries: Launches initiatives to expand its product portfolio of composite textiles, catering to the growing demand for high-performance reinforcement materials in construction and infrastructure projects.
Features of the Global Composite Textile Market
Market Size Estimates: Composite textile market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Composite textile market size by manufacturing process, fiber type, end use, and region in terms of value ($B).
Regional Analysis: Composite textile market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different manufacturing processes, fiber types, end uses, and regions for the composite textile market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the composite textile market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
Preguntas frecuentes
Q1. What is the growth forecast for composite textile market?
Answer: The global composite textile market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the composite textile market?
Answer: The major drivers for this market are advances in composite materials technology, such as nanotechnology and fiber engineering, growing environmental concerns and regulations promoting sustainable practices, and versatility and performance advantages of composite textiles.
Q3. What are the major segments for composite textile market?
Answer: The future of the global composite textile market looks promising with opportunities in the transportation, marine, wind energy, aerospace & defense, pipe & tank, and construction markets.
Q4. Who are the key composite textile market companies?
Answer: Some of the key composite textile companies are as follows:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
Q5. Which composite textile market segment will be the largest in future?
Answer: Lucintel forecasts that carbon fiber is expected to witness the highest growth over the forecast period.
Q6. In composite textile market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the composite textile market by manufacturing process (hand lay-up, spray up, resin infusion, filament winding, pultrusion, compression molding, prepreg layup, injection molding, and others), fiber type (glass fiber, carbon fiber, and aramid fiber), end use (transportation, marine, wind energy, aerospace & defense, pipe and tank, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Composite Textile Market Market, Composite Textile Market Market Size, Composite Textile Market Market Growth, Composite Textile Market Market Analysis, Composite Textile Market Market Report, Composite Textile Market Market Share, Composite Textile Market Market Trends, Composite Textile Market Market Forecast, Composite Textile Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.