Conductive Textiles Market worth 2.11 Billion USD by 2021 | Key Players include Parker Chomerics, Toray Industries, Inc., Laird PLC, and Bekaert

According to recent research "Conductive Textiles Market by Fabric Type (Cotton, Nylon, Polyester, Wool), Type (Woven, Non-Woven, Knitted), End-User (Military & Defense, Healthcare, Sports & Fitness, Consumer Electronics), and Region - Global Forecast to 2021", published by MarketsandMarkets™, The global conductive textiles market was valued at USD 1.02 Billion in 2016 and is projected to reach USD 2.11 Billion by 2021, at a CAGR of 15.6% from 2016 to 2021.

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The global conductive textiles market was valued at USD 1.02 billion in 2016 and is projected to reach USD 2.11 billion by 2021, at a CAGR of 15.6% from 2016 to 2021. Growing awareness regarding the advantages of conductive textiles, growing smart fabrics market, and high demand from the military & defense sector are major factors driving the growth of the global conductive textiles market.

Conductive textiles are widely used in functions, such as heating, conduction, or electromagnetic interface shielding, and prevention of static charge build-up. Cotton, polyester, and nylon are the most widely used types of fabrics for conductive textiles. The type of conductive textile is selected based on the type of metal and the requirement of end-use industry. Copper and nickel are majorly used in conductive textiles.

Depending upon the requirement of conductive textiles by varied end-use industries, these textiles can be woven, knitted, braided, sewn, or cut. Among types, the woven textile segment is projected to grow at the highest CAGR from 2016 to 2021. Woven conductive textile is lightweight and offers durable shielding. It also provides high standard performance in shielding and conductivity, and is widely preferred by varied end users.

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Growing awareness about the advantages of conductive textiles, high demand from the military & defense sector, and growing smart fabrics market are key factors anticipated to drive the growth of the conductive textiles market in the near future. Parker Chomerics (U.S.), Toray Industries, Inc. (Korea), Laird PLC (U.K.), Seiren Co., Ltd. (Japan), Bekaert (Belgium), HITEK Electronic Materials Ltd. (U.S.), and AiQ Smart Clothing (Taiwan) are some of the leading players in this market.

Key market players have focused on the adoption of new product launches, technological enhancements, partnerships, and collaborations to cater to the demand for conductive textiles across various applications. The maximum number of developments in the global conductive textiles market was reported in 2016.

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In October 2016, HITEK Electronic Materials Ltd. announced the arrival of a solution, which helps eliminate the restrictions faced by conductive fabrics. It has been a challenge for the industry to print directly on the fabric surface. The newly developed technique of printing is made using nanotechnology that does not affect the conductivity or performance of the fabric.

In February 2016, Parker Chomerics launched Therm-a-gap MCS30 that not only exhibits long-term thermal and physical reliability but also is resistant to thermal oxidation degradation. Therm-a-gap MCS30 is a series of low weight-loss, fully cured thermal filler pads for low deflection force applications with moderate thermal conductivity and high reliability.

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