Latest industry survey by Fact MR, predicts Conductive Fabric sales to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
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Newly released data from Fact.MR shows that global demand for conductive textiles is poised to reach US$ 2.1 Bn, likely to reach US$ 6.5 Bn by the end of the 2021-2031 forecast period. Sales of conductive textiles are poised to expand more than 3x across the forthcoming decade, with the military & defense sector accounting for 45% of the global revenue.
The report offers actionable and valuable market insights of Conductive Fabric. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Conductive Fabric Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Conductive Fabric market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Conductive Fabric
This newly published and insightful report sheds light on Market Insights of Conductive Fabric, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Conductive Fabric Market.
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Conductive Textile Market: Segmentation
Fact.MR has segmented the conductive textile market on the basis of product, fabric, end-use industry, and region.
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| Fabric |
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| End-use Industry |
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Competitive Landscape
Strategic collaborations enable manufacturers to increase production and meet consumer demand which will increase revenue and market share. New products and technologies will enable end-users to benefit from products that are eco-friendly by nature.
- Avient Corporation, for instance, offers the Colorant ChromaticsTM functional and conductive formulations which meet the requirements of high-temperature applications, including wire and cable and injection molded parts for the petroleum & chemical industry
- In May 2021, Toray introduced a heat-dissipating CFRP material for flexible thermal systems. With this development, Toray has applied this technology to CFRP to reduce heat dissipation through thermal conduction paths within the material, such as improving performance in electronic devices and reducing battery degradation in mobile applications.
Key Takeaways from the Market Study
- Knitted conductive textiles to register a CAGR of 8% in value terms until 2031
- 45% of conductive textile applications to abound across the military & defense sector
- U.S to be a promising market, clocking a 7% CAGR and reaching US$ 800 Mn by 2031
- Europe to be one of the fastest expanding landscapes, growing at a rate of 10% until 2031
- Asia to be the dominant conductive textiles market, registering an impressive 12% CAGR
- Sales of conductive textiles to surge over 3x from 2021 to 2031