Textile Composite Market to Witness Robust Expansion by 2026

The Textile Composites Market report published by Stratview Research offers wide-ranging analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape, etc. This detailed study is a useful source of information for prominent market players, new entrants, investors, and stakeholders to gain a thorough understanding of the market and determine measures to be taken to gain a competitive advantage.

Some key takeaways from this report –
The report offers key drivers that trigger the growth in the Textile Composites Market. The insights mentioned in this report helps market players in formulating strategies to gain market presence or to sustain during the hard times. The research also mentions restraints of the market. Critical data on growth opportunities, current and upcoming trends are mentioned to assist market players in taking further steps by determining the potential in untapped regions.

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The research offers segment wise analysis of the Textile Composites Market. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables, graphs, pie charts and more.

Textile Composites Market Share: By Application Type
Based on the application type, the textile composites market is segmented as aerospace & defense, electrical & electronics, construction, sporting goods, railways, marine, wind energy, and others. The electrical & electronics application segment dominates the market. The growth of the segment is owing to excellent insulating properties and high-modulus of elasticity, on account of which, textile composites are majorly used in fiber optic cables and protective enclosures for electrical parts. They offer great flexibility, lightweight property, dimensional stability, and high strength in electrical cables and fine gauge cables for electronic device applications, such as computer power cords, mobile phone cables, earphone cables, and USB cords.
Textile Composites Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for textile composites during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is majorly driven by the increasing demand for textile composites from electrical & electronics, wind energy, aerospace & defense, automotive, and sporting goods industries of the region. Increasing demand for wind energy as growing part of clean energy and increasing penetration of composite textiles in prepreg form in the aerospace industry are one of the major factors driving the region’s market. Textile composites are used in various aerospace applications for fuselage skins, floor panels, and fire walls to reduce the weight of airplanes. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players
The following are the key players in the Textile Composites Market-
• Owens Corning
• Hexcel Corporation
• Saertex GmbH & Co. KG
• BGF Industries Inc.
• Chomarat Textile Industries
• Sigmatex Ltd.
• Toray Industries Inc.

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This release was published on openPR.