Textile Composites Market Outlook:
Textile Composites Market size was estimated at USD 5.9 billion in 2024 and is expected to surpass USD 11.1 billion by the end of 2034, rising at a CAGR of 7.4% during the forecast period, i.e., 2025-2034. In 2025, the industry size of textile composites is assessed at USD 6.2 billion.
The primary growth factor in the market is the growth associated with the increased demand for lightweight, high-performance materials in aerospace, automotive, and wind-energy sectors. Aerospace composites, for example, have to a significant degree replaced metals in aircraft structures according to U.S. Department of Commerce data collected over the past ten years. Wind turbine manufacture also heavily relies on glass- and carbon-fiber composites. Further DOE–EERE data indicate investments in automated upgrades that increased throughput as well. Data from the National Institute of Standards & Technology revealed a global natural fiber composites market valued at USD 4.47 billion in 2016, with an annual estimated CAGR of 11.9 % through 2024.
The typical raw materials supply chain input to textile composites will include raw fiber (glass, carbon, aramid) and resin supply. A report from the U.S. International Trade Commission reported an increase in U.S. domestic investment to expand textile-based manufacturing capacity. There has been a significant increase in imports of precursor fibers and composite materials exports, supported by increased onshore assembly line setups. The U.S. Bureau of Labor Statistics provided data that measures the Producer Price Index for fabricated plastic composite materials (PPI code 325211 4) as it rose from 311.18 to 336.55 between May and June 2025. The Consumer Price Index measuring technical textiles (apparel segment of CPI) grew at a rate of about 11% over five years to see a final index of 111.8 circa 1967. Current estimates of CPI for composites are closely tied in behavior to PPI measures.
Textile Composites Market - Growth Drivers and Challenges
Growth Drivers
- Rising wind energy installations: Textile composites are gaining traction for use in wind turbine blades due to greater tensile strength and fatigue resistance. According to IRENA, total global installed wind power capacity reached 906 GW as of 2023 and will likely exceed 1,700 GW by 2030. Combined textile, glass, and carbon fiber composites allow wind turbine blades to be much longer (over 80 meters) while reducing mass, improving energy yield by 15 to 21%. Thus, decarbonization ambitions and increasing investments in renewable energy around the world are significantly driving the textile composites market in wind applications.
- Automotive light-weighting initiatives: The pressure to advance vehicle light-weighting to ensure compliance with emission regulations ultimately moves the textile composites industry forward. Specifically, according to the U.S. Department of Energy, reducing vehicle weight by 11% improves fuel economy by 6-9%. In addition, most EU automotive regulations require the average emissions for fleets to be below 95g CO₂/km as an incentive to use more composites. Markets and Markets research indicates the automotive composites market will reach USD 13.2 billion by 2026, with textile composites already being used in interior panels, seat frames, and underbody shields. Textile composites are seen as a means of achieving vibration damping, as well as crash energy absorption.
- Military and defense applications: The increasing volume of ballistic textile composites is being fueled by increased defense budgets and modernization programs. The Stockholm International Peace Research Institute (SIPRI) reported that global military expenditure (2023) reached USD 2.45 trillion. In terms of ballistic textile composites, body armor, helmets, and armored vehicle systems all include textile composites that are made of lightweight aramid fibers. Armed Forces can enjoy a soldier load drop of up to 31% in overall duty load. The U.S. Army developed the Soldier Protection System program, which incorporated composite materials developed with an emphasis on improving the mobility and survivability of soldiers, which has since accelerated research and development and uptake of high-performance textile composites in the defense market.
1. Emerging Trade Dynamics & Market Prospects
Import & Export Data (2019–2024)
|
Year |
Importing Country |
Exporting Country |
Shipment Value (USD bn) |
Key Trade Route |
|
2019 |
USA |
Japan |
0.39 |
Japan–USA |
|
2019 |
USA |
Germany |
0.35 |
Germany–USA |
|
2020 |
USA |
Japan |
0.32 |
Japan–USA |
|
2020 |
USA |
Germany |
0.29 |
Germany–USA |
|
2021 |
USA |
Japan |
0.37 |
Japan–USA |
|
2021 |
USA |
Germany |
0.34 |
Germany–USA |
|
2022 |
USA |
Japan |
0.41 |
Japan–USA |
|
2022 |
USA |
Germany |
0.38 |
Germany–USA |
|
2023 |
USA |
Japan |
0.44 |
Japan–USA |
|
2023 |
USA |
Germany |
0.39 |
Germany–USA |
|
2024 |
USA |
Japan |
0.46 |
Japan–USA |
|
2024 |
USA |
Germany |
0.41 |
Germany–USA |
(Source: usitc.gov)
Key Trade Routes Analysis
|
Route |
Growth Rate (%) |
Notes |
|
Japan → Asia |
+9.6% CAGR (2019–2024) |
Driven by regional automotive/aerospace demand |
|
Europe → North America |
+13% growth (2021–2023) |
Recovery post-pandemic due to supply chain realignment |
(Source: usitc.gov)
2. Textile Composites Market Overview
Price History & Unit Sales Volumes (2019–2023)
|
Year |
Global Avg Price (USD/kg) |
Unit Sales Volume (Million Tons) |
North America Price (USD/kg) |
Europe Price (USD/kg) |
Asia Price (USD/kg) |
|
2019 |
6.9 |
2.4 |
7.2 |
7.5 |
6.6 |
|
2020 |
7.1 |
2.5 |
7.4 |
7.7 |
6.7 |
|
2021 |
7.6 |
2.7 |
7.8 |
8.1 |
7.0 |
|
2022 |
8.4 |
2.9 |
8.2 |
9.3 |
7.2 |
|
2023 |
7.9 |
3.0 |
7.9 |
8.7 |
7.3 |
(Sources: USGS.gov)
Key Factors Influencing Price Fluctuations
|
Factor |
Impact Evidence |
|
Raw Material Costs |
Glass fiber prices rose 29% in 2022 |
|
Geopolitical Events |
The Russia-Ukraine war caused a 31% spike in European composites. |
|
Environmental Regulations |
REACH compliance raised costs by ~16% in Europe |
(Sources: Eurostat.org)
Challenges
- Lack of standardization: The textile composites market is suffering from a global lack of product and testing standards. ASTM International states there is variation in mechanical properties from one manufacturer to the next due to manufacturers not using a consistent fiber architecture and resin systems. This limits interchangeability and potential approval for the aerospace/defense sector, where conformance to standards is required. SAE International states that only 26% of textile composite products are Tier-1 aerospace standards applicable, limiting cross-sectors and applications of end-products.
- Limited mechanical performance in low-cost grades: While there are high-performance textile composites with good tensile strength (>3 GPa for CN textile), low-cost glass fiber textile composites have very poor performance (~1-1.5 GPa). Their tensile strength limits their application in any high-load structural parts. Transit data from the DOE shows automotive OEMs do require low-cost materials with >2 GPa tensile and >120 GPa modulus for metal component replacement, but those properties do not exist in low-cost textile composites.
Textile Composites Market Size and Forecast:
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2034 |
|
CAGR |
7.4% |
|
Base Year Market Size (2024) |
USD 5.9 billion |
|
Forecast Year Market Size (2034) |
USD 11.1 billion |
|
Regional Scope |
|
Textile Composites Market Segmentation:
Fiber Type Segment Analysis
The carbon fiber textile composites segment is anticipated to constitute the most significant growth by 2034, with 44.9% market share, due to their high tensile strength-to-weight ratio, while proceeds in aircraft production continue to grow again. The Federal Aviation Administration states that the use of composites has grown in next-generation aircraft fuselages and wings as a factor in the growth in this area.
Product Type Segment Analysis
The woven textile composites segment is predicted to gain the largest market share of 42.7% during the projected period by 2034, due to their excellent drapability, the good balance of in-plane properties, and they are use extensively in aerospace and automotive panels. NASA states that the enhancement of damage tolerance and manufacturing efficiency is a product of woven structures for structural applications.
Application Segment Analysis
The automotive segment is anticipated to constitute the most significant growth by 2034, with 39.1% market share, based on the need for fuel efficiency and reduction of greenhouse gas emissions. The U.S. Department of Energy states that lightweight composites reduce vehicle weights by 51% which means that manufacturers increased fuel economy by 31-41%. This resulted in a large jump in composites from structural parts and interior components.
Our in-depth analysis of the global textile composites market includes the following segments:
|
Segment |
Subsegments |
|
Product Type |
|
|
Fiber Type |
|
|
Application |
|
Vishnu Nair
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Textile Composites Market - Regional Analysis
Asia Pacific Market Insights
By 2034, the Asia Pacific market is expected to hold 35.1% of the market share, and it is expected to grow to USD 8.7 billion by 2034, due to increasing investment in aerospace and defense, a shift to lightweight materials in automotive production, and a projected market growth rate of CAGR 6.9% during 2025-2034. Additionally, supportive government policies for indigenous defense manufacturing, such as the 'Make in India' initiative and Japan's defense modernization strategy, are contributing to increased consumption of textile composites in wider structural, ballistic, and electronic applications in the region.
China is anticipated to approach USD 4.3 billion by 2034 at a CAGR of 7.3% during 2025-2034, driven by growing demand in aerospace parts manufacturing, light weighting in automotive, and ballistic protection needs. Growth in the market is supported by increasing domestic aircraft programs such as COMAC C919, larger investments in UAV technologies, and expanding electronic circuits into consumer devices.
India's textile composites market is anticipated to exceed USD 1.96 billion by 2034 at a CAGR of 6.6% during 2025-2034, driven by rising indigenous production of defense products under 'Atmanirbhar Bharat', growing aerospace part manufacturing, and light weighting in automotive. In addition, the government's purchasing plans for 97 Light Combat Aircraft Tejas and increased production of drones in India, provide opportunities for textile composites suppliers targeting defense and aerospace OEMs and electronic component manufacturers.
Sector-specific Statistics Table (2025-2034)
|
Country |
Aerospace (%) of textile composites demand |
Defense (%) of textile composites demand |
Electronics (%) of textile composites demand |
|
Japan |
50% |
22% |
14% |
|
China |
48% |
30% |
13% |
|
India |
39% |
37% |
12% |
|
Indonesia |
23% |
19% |
10% |
|
Malaysia |
28% |
16% |
11% |
|
Australia |
42% |
29% |
13% |
|
South Korea |
45% |
26% |
15% |
|
Rest of Asia Pacific |
32% |
20% |
11% |
North America Market Insights
The North American market is expected to hold 28.8% of the market share, and is projected at approximately USD 1,062.7 billion in 2025, and it is anticipated to experience a CAGR growth of ~6.4%, resulting in roughly USD 1,843.4 billion by 2034. The region maintains over 46% of the global share, owing to strong automotive, aerospace, and construction demand. Innovations in lightweight and high-performance materials, automated manufacturing, and sustainable methods bolster growth in the North American market.
The U.S. segment follows similar trends on a regional level and also contributes to a large share, reaching North America’s estimated market of USD 1,843.4 billion by 2034. The U.S. share will be complemented by its position as a leader of the production equipment that manufactures composite textiles, an industry valued at roughly USD 591 billion by 2024, growing at approximately 6.0% per year between now and 2034. Key areas of focus are aerospace and automotive, along with newly emerging patterns in manufacturing automation and innovations in materials focused on sustainability.
Canada’s textile composites market was valued at USD 6.17 billion in 2024, with an expected market value of USD 7.95 billion by 2030, which reflects a CAGR of 4.5%. If the market maintains the same CAGR through 2034, the Canadian market may approach USD 10.5 – 11 billion total, though driven in large part by the 3D knitting and the finishing treatments on textiles, as well as a broad industrial demand segment. While Canada is smaller than the U.S. composite textiles market, Canada has found steady growth in automotive, medical, and construction composites, and technical textiles represent roughly 4% of the global market share.
Europe Market Insights
The European market is expected to hold 23.6% of the market share due to strong demand from automotive lightweighting, medical implants, and industrial reinforcement applications by 2034. Investment in both carbon and aramid fabric technologies and advanced weaving for automotive and industrial applications will be the leading market drivers. Demand from aerospace interiors and orthopedic prosthetics will also be a strengthening factor. Germany, the U.K., and France are already major centers of textile composite manufacturing, processing, and exporting as technical textiles, with enablement from long supply chains.
Germany's textile composites market in the period 2025 to 2034 will receive strong growth from components for high-precision automotive, dental, and orthopedic medical applications, and industrial filtration. The emphasis will be on bio-based and recycled composites for electric vehicle interiors, electric vehicle structures, and aerospace cabin parts. Growth will receive support from both a high level of R&D under broader European initiatives such as Industrie 4.0, but investment in the textile composites products and production will continue under the EU Green Deal sustainability programs, too.
The U.K. textile composites market in the period 2025 to 2034 is likely to see good growth from automotive lightweighting, orthopaedic prosthetics, and industrial protective fabrics. Slower local electric vehicle manufacturing targets and pressure from NHS procurement of advanced medical composites will be major driving elements in the market. Industrial demand is going to be sustained by the production and application needs of local chemistry, filtration, and safety gear. The R&D aimed at viable, sustainable carbon composites and recycled textiles will remain as a core element in the delivery of Net Zero targets. Production is expected to grow in the South West and Midlands composite clusters.
Country-wise Adoption of Textile Composites in Europe
|
Country |
Key Industries Using Textile Composites |
Advanced Technologies Adopted |
Statistical Insight |
|
Germany |
Automotive, Aerospace, Wind Energy |
3D Weaving, Automated Fiber Placement (AFP) |
40% of EU textile composite R&D originates in Germany (VDI). |
|
France |
Aerospace, Defense, Luxury Automotive |
Resin Transfer Molding (RTM), Smart Textiles |
25% increase in aerospace composite use |
|
Italy |
Fashion-Tech, Marine, Sports Equipment |
CNC Preforming, Nanocomposites |
30% of high-performance composites used in luxury vehicles (ACMA). |
|
UK |
Motorsports, Renewable Energy, Defense |
Recyclable Thermoplastics, Industry 4.0 Integration |
50% of F1 teams use textile composites |
|
Spain |
Wind Turbines, Construction, Automotive |
Automated Layup, Hybrid Composites |
20% growth in wind blade composites |
|
Netherlands |
Marine, Aerospace, Biomedical |
Bio-based Resins, 4D Printing |
15% of EU bio-composites are produced in NL |
|
Sweden |
EVs, Urban Air Mobility (UAM), Defense |
Self-healing Composites, AI-driven QC |
35% of EV manufacturers adopt composites |
Key Textile Composites Market Players:
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
There are many companies involved in the textile composites market, which is very competitive, and the four largest companies are all from Japan: Toray, Teijin, Mitsubishi Chemical, and Nippon Graphite Fiber. The largest companies in the United States are Hexcel and Owens Corning. Concrete actions involve establishing vertical integration, adding capacity, and acquiring businesses to improve production efficiencies and global footprint. Companies are spending heavily on R&D to make lightweight, high-strength composite materials for aerospace, defense, automotive, and industrial end-markets. Some initiatives focus on sustainability, such as bio-based fibers and recyclable composites, which are gaining traction. Asian manufacturers are increasingly expanding market share globally by exploiting low-cost production efficiencies.
Some of the key players operating in the market are listed below:
|
Company Name |
Country |
Approx. Market Share (%) |
|
Toray Industries, Inc. |
Japan |
10.6% |
|
Hexcel Corporation |
USA |
8.8% |
|
SGL Carbon SE |
Germany |
6.6% |
|
Gurit Holding AG |
Switzerland |
5.9% |
|
Hyosung Advanced Materials |
South Korea |
5.5% |
|
Owens Corning |
USA |
xx% |
|
Sigmatex Ltd |
UK |
xx% |
|
BGF Industries, Inc. |
USA |
xx% |
|
Saint-Gobain Performance Plastics |
France |
xx% |
|
Advanced Composites Group (part of Gurit) |
UK |
xx% |
|
Quickstep Holdings Limited |
Australia |
xx% |
|
Lohia Aerospace Systems |
India |
xx% |
Here are a few areas of focus covered in the competitive landscape of the market:
Recent Developments
- In September 2024, Hexcel Corporation unveiled HexForce 1K Reinforcement Fabric, a durable woven carbon fiber fabric made with HexTow AS4C 1K carbon fiber, weighing as little as 60 g/m². This material will now enable stronger, lighter composites for aerospace, automotive, sports, and next-generation air mobility. Hexcel has also launched this fabric to complement existing fibers, which range from 3K to 24K fibers, and creates more flexibility in production capabilities to meet increased demand for ultra-lightweight structural reinforcement fabrics.
- In August 2024, UNIFI launched its circular polyester products through a market-wide rollout of recycled polyester fibers made from textile waste as part of its "Textile Takeback" initiative. With this introduction of recycled polyester fibers, we are building on the global sustainability movement and enhancing circularity throughout the polyester supply chains. UNIFI, as an innovator of sustainable fibers, can champion this story with manufacturers and brands looking to choose quality recycled polyester in garments, home textiles, and for industrial applications.
- Report ID: 7947
- Published Date: Jul 28, 2025
- Report Format: PDF, PPT
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