CONDUCTIVE FABRIC CARBONATE MARKET REPORT OVERVIEW
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The global Conductive Fabric market size was valued at US$ 208.4 million in 2019 and will reach US$ 294.3 million by the end of 2026, growing at a CAGR of 5.0% during 2021-2026.
Conductive Fabric is made of a nylon ripstop fabric, metalized with Cu/Ni, extremely strong and flexible. It has conductivity in all directions, i.e. along the axes X, Y, and Z. Conductive textiles can be supplied as a cloth or as pressure-sensitive adhesive (PAS) tape which is easy to apply to plastic housings to cover complex forms and shapes. Conductive textile has low contact resistance and the tape version has superior adhesive force. The product shields electromagnetic interference (EMI) effectively. These fabrics are lightweight, flexible, and breathable, making them suitable for wearable technology.
COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic came with challenges and severe impacts on the entire market globally. In the initial phases, the market witnessed a downfall. The way things are usually made and moved around faces a lot of challenges, affecting the smooth functioning of these textiles. Factories shut down and production was stopped which led to the decline in market demand. Supply chain disruptions and labor shortages further decreased the demand. The consumers stopped spending on non-essential items. It had a direct impact on the market.
LATEST TRENDS
"Product development and innovations to expand the market"
The innovations and developments in the conductive textile market enhance the performance of the fabric. The innovations provide exceptional conductive and mechanical properties. The most recent electrical innovations imply that mainly textile fibers are exposed to an atmosphere of conductive polymer vapors. Aside from this, the process gives the textiles their durability, another quality that matches the untreated textiles. In addition to that, a lot of large-scale companies are investing resources in research & development aiming to fabricate conductive textiles encompassed of highly conductive, bendable, and sturdy features.
CONDUCTIVE FABRIC MARKET MARKET SEGMENTATION
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By Type
Based on the type, the market can be categorized into copper-based yarns textile, silver-plated yarns textile, steel filaments textile, carbon-based yarns textile, & others.
- Copper-Based Yarns Textiles: Copper-based yarn textiles are used for highly conductive applications where copper is required.
- Silver-Plated Yarns Textiles: Silver-plated yarn textiles are used like non-coated yarn. It is used for twisting, weaving, and spinning for its high flexibility.
- Steel Filament Textiles: Steel filament textiles use 100% steel, consisting of fibers with each end. They are used as conductive material due to their flame-resistant property.
- Carbon-Based Yarn Textiles: Carbon-based yarn textiles are made of strong crystals of carbon atoms. They gain strength when twisted like a yarn.
By Application
Based on the application, the market can be categorized into industrial & commercial & military, medical & healthcare, electronic, & others.
- Industrial & Commercial & Military: Conductive textiles are used in industrial, commercial, and military for their superior properties. They can be used for war uniforms, aircraft, vehicles, and outdoor clothing for their safety, thermal, and protective purposes.
- Medical & Healthcare: These fabrics are used in the medical field as they are flexible and adjustable. They are used to monitor the patient’s condition. They are used for both clinical and non-clinical applications.
- Electronic: The fabric is used to develop a connection between two conductive fabrics. It is used as a ‘switch’ in an electric circuit.
DRIVING FACTORS
"Growing use in the automotive industry to expand the market "
One of the key factors in the conductive fabric market growth is the growing use of these fabrics in the automotive industry. It has revolutionized the market. Textile is being applied in several automotive areas quickly and effectively. Technological progress enhances safety and convenience and adds to the overall value of the car, and in this regard, the material of all of the vehicle components is of primary concern. The diverse changes have led to the substitution of materials to develop lower emissions, lightweight, anti-corrosion, durability, passenger safety, and fire resistance. They are not only employed in the exteriors of the vehicles but have also been utilized in the interiors for the sake of enhanced thermal control. With their multiple features, they are a major contributor to the emergence of modern-day automobiles. They are embedded in car seats for their heating and cooling properties.
"Sustainability in manufacturing to boost the demand"
There is increased demand for sustainable goods. There is an emphasis on the sustainable manufacturing process for the production of these conductive textiles along with the recycled conductive materials. The adoption of metal fibers reduces the impact on the environment. Eco-friendly fabrics contribute to sustainable practices. They are environmentally friendly. These features fuel the market demand.
RESTRAINING FACTOR
"High Production Cost to Restrain Market Growth "
The high production cost of these fabrics can impede growth. The investments in research and development are high. The incorporation of electronics into fabric can be expensive. It may not be affordable for the general public. Overcoming these challenges is very crucial to ensure smooth functioning and efficient growth in the market.
CONDUCTIVE FABRIC MARKET REGIONAL INSIGHTS
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"Asia Pacific to Dominate the Market Due to Wide Range of Products"
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
Asia Pacific has emerged as the most dominant region in the conductive fabric market share, due to a wide range of products. With the increased development and advanced infrastructure, the nation offers various resources that broaden the scope for expansion. Technological innovation lies at the core of this dominance, with the region as a pioneering force in developing and adopting advanced innovations. The regulatory framework and investments in this sector pave the way for the country to lead the global market. Urbanization and the rise in disposable income further offer the lead. The increased scope for these fabrics due to their properties along with increasing investments in this region also acts as a surplus for growth. As a result, Asia Pacific stands out as a key player, setting the standard for efficient, technologically advanced on the global stage.
KEY INDUSTRY PLAYERS
"Key Players Provide Diverse Portfolio for Innovations"
Major industry players are pivotal in shaping the market by providing a diverse portfolio. These key players redefine the industry’s standards by consistently introducing technologically innovative and eco-friendly solutions to expand their empires. These players have global reach and thus can cater to the different market needs. The seamless blend of groundbreaking innovation and global footprints makes them the market leaders.
List of Market Players Profiled
- Bekaert (Belgium)
- Laird (U.K)
- Seiren (Japan)
- 3M (U.S)
- Toray (Japan)
- Metaline (Germany)
INDUSTRIAL DEVELOPMENT
May 2023: Seiko Epson Corporation, together with its incorporated subsidiary company, Epson X Investment Corporation invested in a joint fund to produce and develop LEAD SKIN®. The joint fund was the EP-GB investment fund. It was done to produce a high-performance conductive fabric.
REPORT COVERAGE
This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global conductive fabric market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.
This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies, and key strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 208.4 Million in 2019 |
Market Size Value By |
US$ 294.3 Million by 2026 |
Growth Rate |
CAGR of 5% from 2019 to 2026 |
Forecast Period |
2022-2026 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the conductive fabric market expected to touch by 2026?
The Conductive fabric market is expected to reach USD 294.3 million by 2026.
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What CAGR is the conductive fabric market expected to exhibit by 2026?
The conductive fabric market is expected to exhibit a CAGR of 5.0% by 2026.
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Which are the driving factors of the conductive fabric Market?
Growing use in the automotive industry and sustainability in manufacturing are some of the driving factors in the conductive fabric market.
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What are the conductive fabric market segments?
The conductive fabric market segmentation that you should be aware of, which includes, based on type the market is classified as copper-based yarns textile, silver-plated yarns textile, steel filaments textile, carbon-based yarns textile, & others.. Based on application, the market is classified as industrial & commercial & military, medical & healthcare, electronic, & others.