Textile Composites Market 2015 – Global Forecast to 2020 for the $6.5 Billion Industry – Research and Markets

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Research and Markets has announced the addition of the “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” report to their offering.

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 multi-billion 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.

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.

Companies Mentioned

– BGF Industries, Inc.

– Chomarat Textile Industries

– Hexcel Corporation

– Hindoostan Technical Fabrics Ltd.

– Milliken & Company

– Owens Corning

– Saertex GmbH & Co. Kg

– Sigmatex Ltd.

– Tah Tong Textile Co. Ltd.

– Toray Industries Inc.

For more information visit http://www.researchandmarkets.com/research/2p5cqr/textile

View source version on businesswire.com: http://www.businesswire.com/news/home/20160510005723/en/

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Sector: Textiles, Composites