Textile Composites Market Size, Share, Industry Trends and Forecast to 2033
This market report offers a comprehensive analysis of the Textile Composites industry, including market dynamics, size, growth potential, and segmentation from 2023 to 2033. Insights on regional performance and technological advancements are also covered.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $7.50 Billion |
| CAGR (2023-2033) | 6.3% |
| 2033 Market Size | $14.03 Billion |
| Top Companies | Toray Industries, Inc., Hexcel Corporation, BASF SE, SABIC |
| Last Modified Date | 15 Nov 2024 |
Textile Composites Market Report (2023 - 2033)
Textile Composites Market Overview
What is the Market Size & CAGR of Textile Composites market in 2023?
Textile Composites Industry Analysis
Textile Composites Market Segmentation and Scope
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Textile Composites Market Analysis Report by Region
Europe Textile Composites Market Report:
The European market for Textile Composites is projected to grow from 2.24 billion USD in 2023 to 4.20 billion USD by 2033. Environmental regulations and a strong push towards lightweight materials in automotive manufacturing contribute significantly to this growth.Asia Pacific Textile Composites Market Report:
The Asia Pacific region, with a market size of 1.41 billion USD in 2023, is projected to grow to 2.63 billion USD by 2033. This growth is driven by the booming automotive and aerospace industries in countries like China and Japan, as well as increased investments in construction.North America Textile Composites Market Report:
North America, with an initial market size of 2.83 billion USD in 2023, is anticipated to expand to 5.30 billion USD by 2033. The region's focus on technological advancements in textiles, especially within the automotive and aerospace sectors, underpins this growth.South America Textile Composites Market Report:
The South American Textile Composites market size is estimated at 0.48 billion USD in 2023, expected to reach 0.90 billion USD by 2033. Increasing urbanization and infrastructure development are key factors driving market growth in this region.Middle East & Africa Textile Composites Market Report:
The Middle East and Africa market is expected to increase from 0.54 billion USD in 2023 to 1.00 billion USD by 2033, largely influenced by infrastructure projects and a growing aerospace sector.Request a custom research report for industry.
Textile Composites Market Analysis By Product
Global Textile Composites Market, By Product Market Analysis (2023 - 2033)
The Fiber-based Composites segment, which dominates the market, is forecasted to grow from 6.19 billion USD in 2023 to 11.59 billion USD by 2033, accounting for 82.59% share throughout this period. Matrix materials, while smaller in share at 17.41%, are also predicted to increase significantly from 1.31 billion USD to 2.44 billion USD.
Textile Composites Market Analysis By Application
Global Textile Composites Market, By Application Market Analysis (2023 - 2033)
The Automotive Industry accounts for approximately 50.51% of the market share in 2023, valued at 3.79 billion USD and expected to reach 7.09 billion USD by 2033. The construction industry's presence, valued at 1.87 billion USD in 2023, is also notable, with projections of 3.50 billion USD by 2033.
Textile Composites Market Analysis By End User
Global Textile Composites Market, By End-User Industry Market Analysis (2023 - 2033)
The demand in sectors like aerospace, sports goods, and construction is pivotal. For instance, the aerospace industry anticipates growth from 1.01 billion USD to 1.89 billion USD, holding a significant 13.48% share of the market.
Textile Composites Market Analysis By Technology
Global Textile Composites Market, By Technology Market Analysis (2023 - 2033)
Woven Technology holds 68.86% of the market with a size of 5.16 billion USD in 2023 and is expected to grow to 9.66 billion USD by 2033. Non-woven and knitted technologies are also significant, with respective shares highlighting their utility in specialized applications.
Textile Composites Market Analysis By Performance
Global Textile Composites Market, By Performance Characteristics Market Analysis (2023 - 2033)
Durability remains paramount, capturing 68.86% of focus in 2023. Its market size is expected to increase from 5.16 billion USD to 9.66 billion USD. Flexibility and lightweight properties are also crucial, with respective market shares of 27.90% and 3.24%.
Textile Composites Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Textile Composites Industry
Toray Industries, Inc.:
Toray is a global leader in advanced composite materials, focusing on technological innovations and sustainability for a diverse range of industries, including aerospace and automotive.Hexcel Corporation:
Hexcel specializes in advanced aerospace composites and is known for its cutting-edge materials that enhance performance while maintaining lightweight characteristics.BASF SE:
BASF is a chemical company that also focuses on developing high-performance materials for various industries, emphasizing sustainability and innovative solutions.SABIC:
SABIC is known for its technologically advanced materials, providing solutions for sectors like automotive and construction, with a strong commitment to sustainability.We're grateful to work with incredible clients.
