Published Date: 31-Jan-2020
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According to a new report Global Conductive Textiles Market, published by KBV research, The Global Conductive Textiles Market size is expected to reach $3.5 billion by 2025, rising at a market growth of 16.2% CAGR during the forecast period. The conductive textiles industry has observed extensive adoption in medical devices. This coupled with the expanded usage of conductive textiles using graphene inks would provide more opportunities to the overall market during the forecast period. Furthermore, the accelerated awareness and health consciousness among customers worldwide are also expected to provide a strong potential to market growth.
The Woven Textiles segment obtained a dominant market position and is expected to sustain its dominance during the forecast period. These kinds of textiles provide high standard performance pertaining to conductivity and shielding and are therefore preferred by manufacturers around the globe. Non-woven textiles are projected to be the second-largest segment and are expected to grow at 16.4% CAGR, due to its superior water-repellent, abrasion-resistant, flame-resistant properties.
The Nylon market dominated the Global Conductive Textiles Market by Fabric in 2018. The polyester-based conductive textiles recorded a substantial growth in 2018. Polyester fabric is commonly used because it is strong and resistant to most chemicals. It is therefore used as a raw material for the production of conductive wearables, like jackets and sportswear, which is expected to drive growth.
The military and defense market emerged as a leading segment in 2018. The segment is expected to gain momentum due to the increasing use of conductive wearables that could also monitor the battlefield, record the health of the soldier, and assist in communication and temperature monitoring. The Sports & Fitness market is expected to witness a CAGR of 16.6% during (2019 - 2025).
The market in Europe emerged as the leading market in 2018 and is expected to remain dominant throughout the forecast period. Germany alone accounts for the largest share of the entire European market due to the presence of modern infrastructure and technology, the automotive heritage, and the skilled workforce. The demand for the market in North America was driven by the nylon fabric due to its conductivity and improved protection performance. In addition, the emergence of significant technology-based populations and ongoing R&D activities is projected to fuel demand for products during the forecast period. The Asia Pacific market is poised to grow at a CAGR of 0% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/conductive-textiles-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 3M Company, Toray Industries, Inc., BekaertDeslee Holdings NV (Franz Haniel & Cie. GmbH), Seiren Co., Ltd., Laird PLC (Advent International), Swift Textile Metalizing LLC, Herculite Products, Inc., KGS Diamond Group SA, V Technical Textiles, Inc., and Eeonyx Corporation.
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