Attractiveness of the Textile Composites Market

Composites are formed with the amalgamation of two or more materials in order to form a heterogeneous mixture which rectifies any inadequacy of a predominantly beneficial constituent. Furthermore, it can be termed as the combination of a resin system with a textile fiber, yarn or fabric system. Textile composites are present in various forms such as rigid, flexible and semi-flexible. Flexible textile composites consist of heavy duty conveyor belts or expandable life rafts. Whereas, rigid textile composites find their application in wide variety of products which is known as fiber reinforced plastic (FRP) systems.

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The increasing demand for the usage of complex textiles in the aerospace industry is all set to fuel the textile composites market. Owing to numerous factors such as cost reduction, increased component performance and reduced component weight, textile composites are highly preferred in aerospace industry. Furthermore, with rising demand for PCB in electrical & electronics industry, the demand for textile composites is also anticipated to grow. Textile composites also derive their application from automotive industry by reducing weight of the vehicles. Major types of textile materials commercially available are glass fiber, carbon fiber, aramid fiber and more. The report also focuses on different geographic regions and the key countries in terms of changing trends in textile composites market in various fields.

The global textile composites market was $XX billion in 2015. It is anticipated to grow at a CAGR of XX% and is forecast to reach $XX billion by 2021. The textile composites market is forecast to have the highest growth of XX% during the forecast period 2016-2021. Americas and APAC together are estimated to occupy a share of more than XX% in 2015.

The end user industry is the major driver for the textile composites market to grow. Textile composites find their applications in various segments like aerospace, electrical & electronics, construction, sports products, railways, medicine and more. APAC dominated the global textile composites market. The industrial development in this region is all set to drive the demand of textile composite materials. Major players involved in this market are mainly concentrating on R&D initiatives and new product developments to cater the needs of customers.

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APAC is the leading market for textile composite market in 2015. APAC region is forecast to have highest growth in the next few years due to extensive use of textile composites in different applications and followed by Americas, Europe and RoW. APAC accounts to XX% of the global market for textile composite market and is the fastest growing market followed by Americas.

The global textile composites market is evaluated based on key attributes such as type, fiber type, industry and others. Each of the segmentations in the report has been studied to give comprehensive analysis of global textile composites market. The overall market has also been consolidated from the perspective of different geographic locations into standard geographic regions and key economies for this market. Additionally, this report encompasses opportunity analysis, porter analysis, pricing analysis and market forces such as drivers, constraints and challenges that are involved to drive the overall market.

The key players profiled in this report are Owens Corning, Toray Industries Inc., BGF Industries Inc. and others. This report gives detailed information about the product value chain right from the beginning which includes raw materials till end-use. The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants. The study includes the demand of this particular market on a global and regional scale for a six year period of 2016-2021, both in terms of volume(kilo tons) and revenue($ million).

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