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.