Multiaxial Woven Fabric Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
Looking ahead, the multiaxial woven fabric market is poised for substantial growth from 2023 to 2033. As industries continue to prioritize sustainability and efficiency, multiaxial woven fabrics are expected to see a rise in demand due to their lightweight properties, ability to reduce fuel consumption, and environmental benefits. Key drivers for this projected market expansion include the push for electric vehicles (EVs), the need for improved fuel efficiency in aerospace, and the increasing focus on sustainable construction materials. The automotive sector, in particular, is set to drive growth, with a notable increase in the use of composite materials in vehicle manufacturing for weight reduction and safety enhancement.
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The multiaxial woven fabric market has witnessed significant changes between 2018 and 2022, driven by the increasing demand for high-performance composite materials in industries such as automotive, aerospace, and construction. Multiaxial woven fabrics, made by weaving multiple sets of fibers in different directions, offer superior strength and durability compared to traditional materials. This has led to their growing adoption in manufacturing processes requiring high mechanical strength and light weight. By 2022, the global multiaxial woven fabric market reached an estimated value of USD 3.6 billion, and its growth trajectory remained strong, propelled by innovations in material science and enhanced production techniques.
Biteam AB
SGL Carbon
Halarit Composites
Parabeam
Cristex Composite Materials
Tantra Composite
Albany International
Sigmatex
Textum
3D Weaving
PD Glasseiden
HACOTECH
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Multiaxial Woven Fabric Market
Construction
Industrial
Military
Consumer Goods
Others
Based on Types the Market is categorized into Below types that held the largest Multiaxial Woven Fabric market share In 2023.
Bidirectional Fabrics
Triaxial Fabrics
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Multiaxial Woven Fabric Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Multiaxial Woven Fabric Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Multiaxial Woven Fabric Market, By Type
6. Global Multiaxial Woven Fabric Market, By Application
7. Global Multiaxial Woven Fabric Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Multiaxial Woven Fabric Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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