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 .