Textile Composites Market - Forecast(2021 - 2026)
Textile Composites Market size is forecast to reach $8.1 billion by 2026, after growing at a CAGR of 7.5% during 2021-2026 . Textile composites are widely favored in aerospace and various other end-use industries, due to multiple factors such as cost reduction, improved component efficiency and reduced component weight. Furthermore, with the rising demand for printed circuit boards in electrical & electronics industry, the demand for textile composites is also anticipated to create new opportunities for the growth of the global textile composites industry in the forecast era. Impact of Covid-19 COVID-19 has adversely affected the market for composites across various end-use industries such as aerospace & defense, automotive & transport, wind, building & infrastructure, and pipes & tanks. The supply chain instability resulting in delays or non-arrival of raw materials, disrupted financial flows, and the absenteeism among manufacturing line staff have forced aircra...