Global Conductive Textile Market Share Is Expected To Grow At A CAGR Of 15.8% By 2028

07-Sep-2022 | Facts and Factors

According to Facts and Factors, the global conductive textile market size was worth around USD 2.01 billion in 2021 and is predicted to grow to around USD 12.5 billion by 2028 with a compound annual growth rate (CAGR) of roughly 15.8% between 2022 and 2028.

A conductive textile is a fabric that is manufactured from the metal strands that are blended, coated, or woven during the creation. Conductive metals such as titanium, gold, silver, carbon, and nickel are made by textile. Cotton, nylon, wool, and polyester are the base materials of fabric. Conductive textiles employ the property which can conduct electricity and thus, are utilized in various applications by different industries. It is estimated that vehicles in the future will wear an expanded number of textiles and the key drivers to this expanded demand are need for more fuel-efficient and lighter vehicles, the rising usage of passive safety devices, rising disposable incomes in all emerging economies, adoption of solid safety norms by populous and growing countries.

Browse the full “Conductive Textile Market Size, Share, Growth Analysis Report By Fabric (Cotton, Polyester, Wool, and Nylon), By Product (Woven Conductive Textiles, Non-Woven Conductive Textiles, and Knitted Conductive Textiles), By Industry Vertical (Military and Defense, Healthcare, Consumer Electronics, Sports and Fitness, Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/conductive-textile-market

The COVID-19 pandemic has had a noticeable impact on the industry forecast for conductive textiles. During the first quarter of the pandemic, a decreased production of wearables and consumer electronics was witnessed in many parts of the globe. The suspension of major aerospace, electronics, and automotive production facilities came out as a key factor behind the sluggish product supply. The producers of conductive fabrics observed numerous roadblocks owing to supply chain issues, restrictions on movement, and logistics disruption. However, the conductive textile market has witnessed definite opportunities due to expanded expenditure on military & defense and healthcare.

The rising awareness about the robust application and functionality of conductive fabrics would lead to the extensive adoption of conductive textiles and related goods. The increase in concern for health awareness among consumers and higher disposable income in emerging nations boosts the global conductive textile market growth. The bent towards modern procedures to maintain lifestyle and fitness propels the demand for the market and ensures good value in the market in the coming years. A wide variety of usage among different industries, including the defense and military sectors, is rising the conductive textile market size globally. Moreover, these textiles are strong and have a longer life span; these factors will expand the smart fabrics market value, which will eventually augment the share of the conductive textile market. Conductive textiles are recyclable, and this benefit will boost growth industrially.

The global conductive textile market is segmented based on type, product, industry vertical, and region.

Based on product, the global market is segmented into woven conductive textiles, non-woven conductive textiles, and knitted conductive textiles. Non-woven textiles are likely to hold a significant share which is estimated to register a noticeable growth with respect to its superior water repellent, flame resistant, and abrasion resistant characteristics. In addition, development in the product demand in the medical sector is likely to drive the growth of the market over the forecast period.

Rising demand for these non-woven items in numerous sectors such as healthcare, automotive, and military has resulted in the rapid-paced development of these items.

Based on type, the global market segments are cotton, polyester, wool, and nylon. The polyester segment is likely to hold a significant market share. Polyester fabric is used widely as it is strong, and resistant to many chemicals, as well as shrinking; therefore, to make conductive wearables such as sportswear and jackets, it is used as a raw material, which is likely to drive the growth of the market. Moreover, cotton exhibits properties like easier breathability and provides admirable wearing comfort, making it well suited for conductive textiles manufacturing.

Based on industry vertical, the global market segments are military & defense, healthcare, consumer electronics, sports & fitness, and others. The military & defense segment held the largest share in the market owing to the increase in demand for performance-improving garments. Furthermore, the healthcare segment is likely to register substantial growth in the forecast period.

Europe is likely to dominate the global conductive textile market during the coming years. This high growth can be ascribed to advancements in technology on account of wearable technologies, combined with high research & development expenditure, and constant innovations in this market. Moreover, North America is the other market that is prominent in terms of increasing demand for conductive textiles.

Report Scope

The global conductive textile market is dominated by players like 3M, Eeonyx, Laird, Seiren, Emei Group, V Technical Textiles Inc., Temas Engineering, Metal textiles, KGS Diamond, New Cut, Wujiang City Yuzhen Textile Co. Ltd., Holland Shielding Systems, Swift Textile Metalizing, and Bekaert.

Recent Developments:

• In April 2021, Myant Inc., the world's chief in the development, design, and production, announced the introduction of a planned and special collaboration contract for the use and expansion of next-generation conductive yarns and connectors for exploitation in textile computing uses.
• In Nov 2021, Cabot Corp has announced a definitive agreement for the acquisition of Tokai Carbon (Tianjin) Co. Ltd. from Tokai Carbon Group for USD9 million, as a matter of customary closing adjustments. The carbon black production plant was appointed in 2006 and is near Cabot's present carbon black and specialty compounds plant in Tianjin, China.

The global conductive textile market is segmented as follows:

By Fabric

• Cotton
• Nylon

By Product

• Woven Conductive Textiles
• Non-Woven Conductive Textiles
• Knitted Conductive Textiles

By Industry Vertical

• Military and Defense
• Healthcare
• Consumer Electronics
• Sports and Fitness
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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