Textile Composites Market by Fiber Type (Carbon, Glass, Aramid and Others), by Textile Type (Woven, Non-Woven), by Application (Electrical & Electronics, Wind, Sporting Goods, Marine, Construction and Others) & by Region - Global Forecast to 2020
The textile composites material market is estimated at USD 4,770.0 Million in 2015 and is projected to reach USD 6,597.0 Million by 2020, at a CAGR of 6.7%, between 2015 and 2020.
Since the last thirty to forty years, the usages of textiles composite in applications have increased steadily, penetrating, and conquering new markets, constantly. The importance of textiles composite has already been proven being light-weight materials with high strength & stiffness properties, the current challenge is to make them cost effective. The efforts to manufacture low cost composite textiles components have resulted in several innovative production techniques, which are currently used in the composites textile industry. Textiles composite are widely used in electrical & electronics, marine, sporting goods, aerospace & defense and wind energy applications.
There are many drivers which are forcing the textile composite market to grow at a high CAGR including increase in demand for lightweight materials from the transportation industry to increase in the fuel efficiency. Also, the growing demand for wind energy as clean energy and increasing use of composite textiles in prepreg form by Boeing and Airbus in the aerospace industry which are the major factors driving the market. In 2014, the wind energy market increased by around 45% due to the adoption of green energy, globally. China added 23,350 MW of wind power capacity in 2014, which accounted for almost 90% of the addition of wind power capacity that took place in the Asia-Pacific region, which helped to drive the textile composite market in the region. The growing use of textiles composite in the transportation industry including rail, high end cars, medium, and heavy duty vehicles, helped the market to grow at a good pace. Both Boeing and Airbus are projecting multibillion dollar markets for new airplanes where the use of composite textiles is expected to increase over the next 20 years. Traditionally, used textiles composite such as glass fiber textiles composite and carbon fiber textiles composite are widely used in electronics, wind, and marine industries and now their area of commercial applications is increasing in sporting goods, construction, health care and aerospace & defense applications.
The report analyzes the textile composites market in various applications and covers the market demand with respective regions. This report is useful for fiber manufacturers, textiles composite manufactures, intermediate manufacturer, structural parts manufacturer, Original Equipment Manufacturer (OEM), and end-user industries such as aerospace & defense, automotive, sporting goods, wind, construction, pipe & tanks, and marine, which are involved in the value chain of textiles composite.
This report also includes the leading manufacturers profiles such as Owens Corning (U.S.), Hexcel Corporation (U.S.), Saertex GmbH & Co. KG (Germany), BGF Industries Inc. (U.S.), Chomarat Industries (France), Sigmatex Ltd (U.K), and Toray Industries (Japan). The companies in this market need to compete with each other with regard to prices and a wide product range with an advanced technology to meet the market requirements.
- Textiles Composites Market, By Type
- Introduction
- Carbon fiber textile
- Glass fiber textile
- Aramid fiber textile
- Textiles Composites Market, By Resin Textiles Type
- Woven
- Non-woven
- Textiles Composite Market, By Applications
- Introduction
- Electrical & Electronics
- Wind Energy
- Sporting Goods
- Marine
- Construction
- Others (Aerospace & Defense, Automotive, Medical)
- Textiles Composite Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
The textile composites market has witnessed a strong growth in the past few years. This growth is estimated to continue during the forecast period. While composites textiles are already proven to be high strength and weight-saving materials, the current challenge is to make the composites textiles cost effective by reducing the cost of fibers. The efforts to develop and commercialize economically beneficial composite textile components and structures have resulted in several innovative production techniques, currently being used in the composites industry.
The textile composites market is characterized according to the types of fabrics that are quad axial fabrics, triaxial fabrics, unidirectional fabrics, biaxial fabrics, and double bias fabrics. High performance fabrics are those which offer increased strength, stiffness, and temperature resistance. Most common materials used for making high-performance fabrics are H-R- and S-glass, aramid, and carbon fibers.
Major two fabric types are woven and non-woven fabrics, which are produced by weaving, warp knitting, braiding, and other specially modified techniques. Woven and non-woven fabrics usually have single plane structures also called 2-D fabrics and fabrics in multi-plane structures called 3-D fabrics. These woven and non-woven fabrics have broad applications in industries such as electrical & electronics, wind, sports goods, marine, construction, aerospace & defense, automotive, pipe & tanks, and medical. Carbon fiber textile composites, glass fiber textile composites, aramid fiber textile composites, and others fiber textile composites are the major four types of composite textiles. There are the drivers that are expected to help the composite textiles market grow at a high CAGR, in the coming five years. Electrical & electronics, wind energy, marine, sporting goods, and aerospace & defense industry are the major industries driving the composites textile market in prepreg form. The glass textile composites are widely used in PCBs for a number of electronics applications. With an increase in demand for PCB in electrical & electronics market, the textile composites market has also grown in the last decade. In 2014, the wind energy market expanded by around 45% due to the adoption of green energy, globally. China added 23,350 MW of wind power capacity in 2014, which accounted for almost 90% of the addition that took place in Asia-Pacific region, which helped to drive the composites textile market in the region. Both Boeing and Airbus are projecting multibillion dollar markets for new airplanes where the use of composites is expected to increase over the next 20 years, which would help the composite textiles market to grow in prepreg form.
Currently, Asia-Pacific is the largest consumer of composites textiles due to increased demand from electrical & electronics, wind energy, and sporting goods industries. China, Japan, and India are important consumers of composites textiles in this region. China is estimated to have the the largest share in the regional market, in terms of volume, in 2015. The market size, in terms of volume, is comparatively low in the RoW but is estimated to register a growing CAGR between 2015 and 2020 as the demand from countries, for instance Brazil, continues to grow. Asia-Pacific and North America regions are the most active markets with regard to strategic initiatives, owing to their emerging and mature market demands, respectively. The superior end-user industry growth, increased local manufacturing, and the number of domestic players in the vertical market segments, such as industrial applications. Construction, aerospace & defense, and automotive applications in the Asia-Pacific region are the important drivers, in terms of consumption, of the composites textiles.
The important composite textile manufacturers include Owens Corning (U.S), Hexcel Corporation (U.S.), Saertex GmbH & Co. KG (Germany), BGF Industries Inc. (U.S.), Chomarat Industries (France), Sigmatex Ltd (U.K.), and Toray Industries (Japan). The companies in this market need to compete with each other with regard to the prices and a wide product range with advanced technology to meet the market requirements.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Methodology
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Market Size
2.2.2 List of Secondary Sources
2.3 Market Breakdown & Data Triangulation
2.4 Assumptions
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities in the Textile Composites Material Market, 20152020
4.2 MarketBy Fiber Type
4.3 Market, By Key Application
4.4 Market, By Country
4.5 Textile Composites Application Market Share (Value)
4.6 Application Industry Growth Matrix
5 Market Overview (Page No. - 37)
5.1 Introduction
5.2 Evolution
5.3 Market Segmentation
5.3.1 By Fiber Type
5.3.2 By Textile Type
5.3.3 By Application
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Increase in Demand for Pcbs Made By Textile Composites in the Electronics Market
5.4.1.2 Growing Demand for Wind Energy as Clean Energy
5.4.1.3 Use of Carbon Fiber and Glass Textile Composites in the Aerospace Industry in Prepreg Form
5.4.2 Restraints
5.4.2.1 High Cost of Textile Composites
5.4.2.2 No Major Breakthrough From Research
5.4.3 Opportunities
5.4.3.1 Increased Demand for Textile Composites in Electronics and Wind Energy Markets
5.4.3.2 Growing Demand From Emerging Markets
5.4.3.3 Potential Opportunities in New Applications
5.4.4 Challenges
5.4.4.1 to Produce Low-Cost Textile Composites
6 Industry Trends (Page No. - 49)
6.1 Introduction
6.2 Value Chain Analysis
6.3 Raw Material Analysis
6.3.1 Raw Material Analysis of Glass Fiber Composites
6.3.2 Raw Material Analysis of Carbon Fiber Composites
6.3.3 Raw Material Analysis of Aramid Fiber Composites
6.4 Porters Five Forces Analysis
6.4.1 Threat of New Entrants
6.4.2 Threat of Substitutes
6.4.3 Bargaining Power of Suppliers
6.4.4 Bargaining Power of Buyers
6.4.5 Intensity of Competitive Rivalry
7 Market, By Fiber Type (Page No. - 56)
7.1 Introduction
7.2 Glass Fiber
7.3 Carbon Fiber
7.4 Aramid Fiber
7.5 Other Fibers
8 Market, By Textile Type (Page No. - 69)
8.1 Introduction
8.2 Woven Textile
8.2.1 Woven Textile Market, By Fiber Type
8.2.2 Woven Market, By Application
8.2.3 Woven Market, By Region
8.3 Non-Woven Textile Composites
8.3.1 Non-Woven Textile Composites Material Market, By Fiber Type
8.3.2 Non-Woven Market, By Application
8.3.3 Non-Woven Textile Composites Material Market, By Region
9 Market, By Application (Page No. - 82)
9.1 Introduction
9.2 Electrical and Electronics
9.3 Wind Energy
9.4 Sporting Goods Industry
9.5 Marine
9.6 Construction
9.7 Other Applications
10 Regional Analysis (Page No. - 94)
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 RoW
11 Competitive Landscape (Page No. - 108)
11.1 Introduction
11.2 Competitive Situation and Trends
11.3 Investments & Expansions
11.4 Partnerships, Agreements, Joint Ventures, and Collaborations
11.5 New Product Launches
11.6 Acquisitions
12 Company Profiles (Page No. - 115)
(Overview, Financial*, Products & Services, Strategy, and Developments)
12.1 Introduction
12.2 Owens Corning
12.3 Hexcel Corporation
12.4 Saertex GmbH & Co. Kg
12.5 BGF Industries, Inc.
12.6 Chomarat Textile Industries
12.7 Sigmatex Ltd.
12.8 Toray Industries Inc.
12.9 Milliken & Company
12.10 Tah Tong Textile Co. Ltd.
12.11 Hindoostan Technical Fabrics Ltd.
*Details Might Not Be Captured in Case of Unlisted Companies
13 Appendix (Page No. - 140)
13.1 Other Developments
13.2 Discussion Guide
13.3 Introducing RT: Real Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports
List of Tables (76 Tables)
Table 1 Textile Composites Material Market Size (Volume & Value), 20132020
Table 2 Impact Analysis of Drivers
Table 3 Production Cost Structure With Current Technology, 2013
Table 4 Impact Analysis of Restraints
Table 5 Application Areas of Textile Composites in Aerospace Industries
Table 6 Impact Analysis of Opportunities
Table 7 Impact Analysis of Challenges
Table 8 Textile Composites Material Market Size, By Fiber Type, 20132020 (USD Million)
Table 9 Textile Composites Market Size, By Fiber Type, 20132020 (Kiloton)
Table 10 Glass Fiber Textile Market Size, By Region, 20132020 (USD Million)
Table 11 Glass Fiber Textile Market Size, By Region, 20132020 (Kiloton)
Table 12 Glass Fiber Textile Market Size, By Textile Type, 20132020 (USD Million)
Table 13 Glass Fiber Textile Market Size, By Textile Type, 20132020 (Kiloton)
Table 14 Carbon Fiber Textile Market Size, By Region, 20132020 (USD Million)
Table 15 Carbon Fiber Textile Market Size, By Region, 20132020 (Kiloton)
Table 16 Carbon Fiber Textile Market Size, By Textile Type, 20132020 (USD Million)
Table 17 Carbon Fiber Textile Market Size, By Textile Type, 20132020 (Kiloton)
Table 18 Aramid Fiber Textile Market Size, By Region, 20132020 (USD Million)
Table 19 Aramid Fiber Textile Market Size, By Region, 20132020 (Kiloton)
Table 20 Aramid Fiber Textile Market Size, By Textile Type, 20132020 (USD Million)
Table 21 Aramid Fiber Textiles Market Size, By Textile Type, 20132020 (Kiloton)
Table 22 Other Fibers Textile Market Size, By Region, 20132020 (USD Million)
Table 23 Other Fibers Textile Market Size, By Region, 20132020 (Kiloton)
Table 24 Other Fibers Textile Market Size, By Textile Type, 20132020 (USD Million)
Table 25 Other Fibers Textile Market Size, By Textile Type, 20132020 (Kiloton)
Table 26 Textile Composites Material Market Size, By Textile Type, 20132020 (USD Million)
Table 27 Textile Composites Material Market Size, By Textile Type, 20132020 (Kiloton)
Table 28 Woven Textile Composites Market Size, By Fiber Type, 20132020 (USD Million)
Table 29 Woven Textile Composites Market Size, By Fiber Type, 20132020 (Kiloton)
Table 30 Textile Composites Market Size, By Application, 20132020 (USD Million)
Table 31 Woven Textile Composites Material Market Size, By Application, 20132020 (Kiloton)
Table 32 Woven Textile Composites Market Size, By Region, 20132020 (USD Million)
Table 33 Woven Textile Composites Material Market Size, By Region, 20132020 (Kiloton)
Table 34 Non-Woven Textile Composites Market Size, By Fiber Type, 20132020 (USD Million)
Table 35 Non-Woven Textile Composites Material Market Size, By Fiber Type, 20132020 (Kiloton)
Table 36 Non-Woven Textile Composites Market Size, By Application, 20132020 (USD Million)
Table 37 Non-Woven Textile Composites Material Market Size, By Application, 20132020 (Kiloton)
Table 38 Non-Woven Textile Composites Material Market Size, By Region, 20132020 (USD Million)
Table 39 Non-Woven Textile Composites Material Market Size, By Region, 20132020 (Kiloton)
Table 40 Textile Composites Material Market Size, By Application Industry, 20132020 (USD Million)
Table 41 Textile Composites Material Market Size, By Application Industry, 20132020 (Kiloton)
Table 42 Textile Composites Material Market Size in Electrical & Electronics Application, By Region, 20132020 (USD Million)
Table 43 Textile Composites Material Market Size in Electrical & Electronics Application, By Region, 20132020 (Kiloton)
Table 44 Global Wind Installations (2011-2014)
Table 45 Textile Composites Material Market Size in Wind Energy Application, By Region, 20132020 (USD Million)
Table 46 Textile Composites Material Market Size in Wind Energy Application, By Region, 20132020 (Kiloton)
Table 47 Textile Composites Material Market Size in Sporting Goods Application, By Region, 20132020 (USD Million)
Table 48 Textile Composites Material Market Size in Sporting Goods Industry Application, By Region, 20132020 (Kiloton)
Table 49 Textile Composites Material Market Size in Marine Application, By Region, 20132020 (USD Million)
Table 50 Textile Composites Material Market Size in Marine Application, By Region, 20132020 (Kiloton)
Table 51 Textile Composites Material Market Size in Construction Application, By Region, 20132020 (USD Million)
Table 52 Textile Composites Material Market Size in Construction Application, By Region, 20132020 (Kiloton)
Table 53 Textile Composites Material Market Size in Other Applications, By Region, 20132020 (USD Million)
Table 54 Textile Composites Market Size in Other Applications, By Region, 20132020 (Kiloton)
Table 55 Textile Composites Market Size, By Region, 20132020 (USD Million)
Table 56 Textile Composites Market Size, By Region, 20132020 (Kiloton)
Table 57 North America: Textile Composites Market Size, By Country, 20132020 (USD Million)
Table 58 North America: Market Size, By Country, 20132020 (Kiloton)
Table 59 North America: Market Size, By Application Industry, 20132020 (USD Million)
Table 60 North America: Market Size, By Application Industry, 20132020 (Kiloton)
Table 61 Europe: Textile Composites Market Size, By Country, 20132020 (USD Million)
Table 62 Europe: Market Size, By Country, 20132020 (Kiloton)
Table 63 Europe: Market Size, By Application Industry, 20132020 (USD Million)
Table 64 Europe: Market Size, By Application Industry, 20132020 (Kiloton)
Table 65 Asia-Pacific: Textile Composites Market Size, By Country, 20132020 (USD Million)
Table 66 Asia-Pacific: Market Size, By Country, 20132020 (Kiloton)
Table 67 Asia-Pacific: Market Size, By Application Industry, 20132020 (USD Million)
Table 68 Asia-Pacific: Market Size, By Application Industry, 20132020 (Kiloton)
Table 69 RoW: Textile Composites Market Size, By Country, 20132020 (USD Million)
Table 70 RoW: Market Size, By Country, 20132020 (Kiloton)
Table 71 RoW: Market Size, By Application Industry, 20132020 (USD Million)
Table 72 RoW: Market Size, By Application Industry, 20132020 (Kiloton)
Table 73 Investments & Expansions, 20142015
Table 74 Partnerships, Agreements, Joint Ventures, and Collaborations, 20142015
Table 75 New Product Launches, 20142015
Table 76 Acquisitions, 20132014
List of Figures (45 Figures)
Figure 1 Textile Composites Market Segmentation
Figure 2 Textile Composites Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 6 Electronics & Electrical Market Set to Drive the Textile Composites Market, 20152020
Figure 7 North America Dominated the Textile Composites Market, By Volume, 2014
Figure 8 Glass Fiber Type Dominates the Textile Composites Material Market During Forecast Period 2015-2020
Figure 9 Attractive Opportunities in the Textile Composites Material Market, 20152020
Figure 10 Glass Fiber to Dominate the Textile Composites Market, 20152020
Figure 11 Electrical & Electronics Dominates the Global Textile Composites Market, By Value.
Figure 12 U.S. and China Account for A Major Share of the Textile Composites Material Market
Figure 13 Wind Sector Project to Dominate the Textile Composites Market in Asia-Pacific for the Projected Period Between 2015 and 2020
Figure 14 Sports Industry is Expected to Grow at the Highest Rate, During the Forecast Period,
Figure 15 Increase in Demand for Textile Composites for Industry Applications
Figure 16 Textile Composites Market, By Fiber Type
Figure 17 Textile Composites Market, By Textile Type
Figure 18 Advanced Composites Market, By Application
Figure 19 Drivers, Restraints, Opportunities & Challenges in the Textile Composites Market
Figure 20 Value Chain Analysis: Maximum Value is Added During Advanced Composite Design and Composite Processing Phase
Figure 21 Raw Material Analysis of Carbon Fiber Composites
Figure 22 Raw Material Analysis of Aramid Fiber Composites
Figure 23 Porters Five Forces: Intensity of Rivalry is High Due to the Presence of Few Players
Figure 24 Glass Fiber to Have the Highest Market Share in the Global Textile Fiber Market, 2015 Vs.2020
Figure 25 Asia-Pacific is Set to Dominate the Glass Fiber Textile Market
Figure 26 Woven Fabrics Had the Largest Market Size in 2014
Figure 27 Electrical & Electronics Application to Dominate the Woven Textile Composites Market Between 2015 and 2020
Figure 28 Asia-Pacific Region is Expected to Grow at A Higher During Forecast Period of 2015 - 2020
Figure 29 Asia Pacific has A Large Number of Opportunities in the Non-Woven Textile Composites Material Market
Figure 30 Sporting Goods is Leading to Outpace Other Markets, in Terms of Growth, 2015 vs 2020
Figure 31 Asia-Pacific Expected to Drive the Textile Composites Market in the Electrical & Electronics Industry, 2015 vs 2020
Figure 32 Asia-Pacific is Expected to Drive the Textile Composites Market in the Sporting Goods Segment, 2015 vs 2020
Figure 33 U.S. Dominated the North American Textile Composites Market in 2014
Figure 34 Germany Expected to Drive the Textile Composites Market in Europe in the Forecast Period
Figure 35 China Expected to Drive the Textile Composites Market in Asia-Pacific Between 2015 and 2020
Figure 36 Leading Companies Focused on Expansion Strategies By Increasing Their Production Capacities and Establishing New Plants, 20112015
Figure 37 Regional Revenue Mix of Top 4 Market Players
Figure 38 Owens Corning.: Company Snapshot
Figure 39 Hexcel Corporation: Company Snapshot
Figure 40 Hexcel Corporation: SWOT Analysis
Figure 41 Saertex GmbH & Co. Kg: SWOT Analysis
Figure 42 Sigmatex Ltd.: SWOT Analysis
Figure 43 Toray Industries Inc.: Company Snapshot
Figure 44 Toray Industries Inc: SWOT Analysis
Figure 45 TAH Tong Textile Co. Ltd.: Company Snapshot
Growth opportunities and latent adjacency in Textile Composites Market