According to the recent study the non-woven textile market is projected to reach an estimated $6.6 billion by 2027 from $4.1 billion in 2021, at a CAGR of 8% from 2021 to 2027. Growth in this market is primarily driven by 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 88 figures / charts and 70 tables in this 172 -page report to understand trends, opportunities and forecast in non-woven textile market by end use (transportation, marine, wind energy, aerospace & defense, construction, and others), by product type (non crimp 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).
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“Wind energy market is expected to remain the largest segment during the forecast period.”
Based on end use, the non-woven textile market is segmented into transportation, marine, wind energy, aerospace & defense, construction, and others. Lucintel forecasts that the wind energy market is expected to remain the largest segment due to the presence of major composite component manufacturers for wind energy and transportation.
“Within the non-woven textile market, the non-woven mats segment is expected to remain the largest product type”
Based on product type the non-woven mats segment is expected to witness the highest growth over the forecast period due to the increasing demand for lightweight materials and replacement of woven textiles.
“Europe will dominate the non-woven textile market in near future”
Europe is expected to remain the largest region and witness the highest growth over the forecast period due to the presence of major composite component manufacturers for wind energy and transportation.
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Major players of non-woven textile market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Saertex, Sigmatex, Vectorply, SGL Group, Hexcel, Owens Corning, Jushi Group, FlexForm, Scott & Fyfe, and Selcom are among the major non-woven textile providers.
This unique 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/non-woven-textile-market.aspx or [email protected]