Global Conductive Textiles Market Will Reach at a Highest CAGR by 2026Due to high demand and the value of market research for the success of different sectors, Global Conductive Textiles Market report has been prepared by covering many work areas. This is a professional and a complete report focusing on primary and secondary drivers, market share, competitor analysis, leading segments and geographical analysis. This Global Conductive Textiles Market report lets you know that how the market is going to perform in the forecast years by giving you information about market definition, classifications, applications, and engagements. Few of the features such as objectivity have been kept at the centre while obtaining the best result via this Global Conductive Textiles Market report for ABC industry.
Global conductive textiles market is expected to rise to an estimated value of USD 5.3 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026.
Market Definition: Global Conductive Textiles Market
Conductive textile is fabrics that can conduct electricity and have wide applications in heating textiles sensors, communication and electrostatic discharge clothing. The textiles can be made by conductive yarns. Conductive textile is made when a non-conductive or less conductive substrate is coated with an electrically conductive element, such as carbon, nickel, gold, silver or titanium.
Market Drivers:
- Growing demand from military and healthcare sector is acting as a major driver in the growth of the market
- Increasing awareness for conductive textiles in various industries boosts the growth of the market
Market Restraints:
- High cost of production of conductive textiles hinders the market growth
- Incompatibility of manufacturing practices also acts as a restraint in the growth of the market
Segmentation: Global Conductive Textiles Market
By Fabric Type
- Cotton
- Nylon
- Polyester
- Wool
By Type
- Woven Conductive Textiles
- Non-Woven Conductive Textiles
- Knitted Conductive Textiles
By Application
- Military & Defense
- Healthcare
- Sports & Fitness
- Consumer Electronics
- Others
Key Developments in the Market:
- In March 2018, TORAY INDUSTRIES announced its agreement with Koninklijke Ten Cate B.V. to acquire the shares of all the subsidiaries of the company. The acquisition will generate significant synergies by combining product line-up of both the companies
- In December 2019, 3M announced the acquisition of technology business of M*Modal for an enterprise value of USD 1.0 billion
Competitive Analysis:
Global conductive textiles market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of conductive textiles market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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