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. The non-woven textile for composites market is expected to reach
$3.4 billion by 2024 with a CAGR of 5.0% from 2019 to 2024. 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.
In this market, non crimp textiles, chopped
stand mat (CSM), and chopped filament mat (CFM) are utilized to manufacture
various composite end products. 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 industry, includes the development of defect control
technology in textile production. Owens Corning, Jushi, Sigmatex, Saertex, and
SGL are among the major suppliers of composites non-woven textile.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed the global non-woven textile market
by end use industry, product type, material type, and region, and has compiled a comprehensive
research report entitled “Growth
Opportunities in the Global Non-Woven Textile for Composites Market 2018-2023:
Trends, Forecast and Opportunity Analysis”. The Lucintel report serves
as a catalyst for growth strategy as it provides comprehensive data and
analysis on trends, key drivers, and directions. The study includes a forecast
of the global non-woven textile market by end use industry, product type, material
type, and region as follows:
By End Use Industry [Volume (Kilotons) and Value
($ Million) from 2013 to 2024]:
- Wind Energy
- Transportation
- Marine
- Construction
- Aerospace and Defense
- Others
By Product Type [Volume (Kilotons) and Value
($ Million) from 2013 to 2024]:
- Non-Crimp Textiles
- CSM/CFM
By Material Type [Volume (Kilotons) and Value
($ Million) from 2013 to 2024]:
- Glass Fiber
- Carbon Fiber
- Natural Fiber and Others
By Region [Volume (Kilotons) and Value ($ Million) from 2013 to 2024]:
- 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 helpdesk@lucintel.com. Lucintel
offerings include advanced
materials reports, composite
materials market report, strategic
growth consulting, market research due
diligence and business
strategy consulting.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 10 key questions:
Q. 1. How big are the opportunities for the
global composites non-woven textile market by end use industry (aerospace &
defense, transportation, wind energy, marine, construction, and others), by product
type (non crimp textiles and CSM/CFM), by material type (glass fiber, carbon
fiber, and natural fiber and others), and region (North America, Europe, Asia
Pacific and the Rest of the World)?
Q. 2. Which segments will grow at a faster
pace and why?
Q. 3. Which region will grow at a faster pace
and why?
Q.4. What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats
to the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8. What are the new developments in the
market and which companies are leading these developments?
Q.9. Who are the major players in this market?
What strategic initiatives are being taken by key companies for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q. 11. What M&A activity has occurred in
the last five years and what has its impact been on the industry?
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