According to a new market report published by Lucintel, the future of the non-woven textile market for composite applications looks promising with opportunities in the wind energy, transportation, marine, construction, and aerospace & defense industries. Non-woven textile for composite market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $4.0 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major drivers for this market are increasing use of composites in different end use industries and performance benefits of non-woven textiles as it offers better drapablity and delamination in composite structures.
Browse 94 market data tables and 128 figures spread through 116 pages and in-depth TOC on “Global Non-Woven Textile for Composites Market"
To download report brochure, please go to https://www.lucintel.com/composites-non-woven-textile-market.aspx and click "report brochure" tab from the menu.
In this market, different types of non-woven textile for composites such as non-crimp textiles and CSM/CFM are used as product type. On the basis of comprehensive research, Lucintel forecasts that, non-crimp textile will remain the largest segment and it is also expected to witness highest growth over the forecast period due to the increasing use in wind energy, transportation, and aerospace industries.
Within the non-woven textile market, wind energy will remain the largest end use industry by both value and volume. Aerospace & Defense is expected to witness the highest growth during the forecast period due to the increasing demand for lightweight materials and replacement of woven textiles.
Europe will remain the largest region by value and volume due to the presence of major composite component manufacturers for wind energy and transportation. ROW is expected to witness the highest growth over the forecast period due to the growth of end use industries.
An emerging trend, which has a direct impact on the dynamics of the non-woven textile for composites industry, includes the development of defect control technology in textile production. Owens Corning, Jushi, Sigmatex, Saertex, and SGL and others are among the major non-woven textile for composites manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global non-woven textile for composites market by end use industry, product type, material type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Non-Woven Textile for Composites Market 2019-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global non-woven textile for composites market by end use industry, product type, material type, and region as follows:
By End Use Industry [Volume (Kilotons) and Value ($ Million) from 2014 to 2025]:
Wind Energy
Transportation
Marine
Construction
Aerospace and Defense
Others
By Product Type [Volume (Kilotons) and Value ($ Million) from 2014 to 2025]:
Non-Crimp Textiles
CSM/CFM
By Material Type [Volume (Kilotons) and Value ($ Million) from 2014 to 2025]:
Glass Fiber
Carbon Fiber
Natural Fiber and Others
By Region [Volume (Kilotons) and Value ($ Million) from 2014 to 2025]:
North America
Europe
Asia Pacific
The Rest of the World
This 116-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/composites-non-woven-textile-market.aspx or helpdesk@lucintel.com.