Surging Use of Multiaxial Woven Fabrics in Aerospace Industry to Escalate Multiaxial Woven Fabrics Market Growth During 2022–2028
According to our latest market study on “Multiaxial Woven Fabrics Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” the multiaxial woven fabrics market size is expected to grow from US$ 1,089.17 million in 2022 to US$ 1,469.01 million by 2028; it is estimated to record a CAGR of 5.1% from 2022 to 2028. The report highlights key factors driving the multiaxial woven fabrics market growth and prominent players along with their developments in the market.
Multiaxial woven fabrics are made from glass fiber, carbon fiber, aramid fiber, basalt fiber, natural fibers, and polyester yarn. The fabrics are used in different end-use industries such as construction, military, consumer goods, aerospace, wind energy, and marine. In aerospace & aeronautical sectors, multiaxial woven fabrics provide the best mechanical performance to the part manufactured with composite materials. In the automotive industry, carbon fiber is the most used fiber in manufacturing multiaxial woven fabrics due to its stiffness and low density.
Composite materials are highly used in aviation and aerospace applications due to their exceptional strength- and stiffness-to-density ratios and superior physical properties. Composite materials play a major role in weight reduction; hence, they are used for structural applications and components of spacecraft and aircraft such as fighter planes, space shuttles, and passenger airliners. Moreover, composites have high impact resistance, thermal stability, and damage tolerance. All these properties enable aircraft constructed with composites to fare better in accidents. Multiaxial woven fabrics are used for manufacturing composite materials. Thus, there is a surging use of multiaxial woven fabrics in the aerospace industry, driving the multiaxial woven fabrics market growth.
Global Multiaxial Woven Fabrics Market Breakdown – by Region
Multiaxial Woven Fabrics Market Forecast to 2028 - Global Analysis By Type (Bidirectional Fabrics, Triaxial Fabrics, Quadraxial Fabrics, and Others) and Application (Construction, Industrial, Military, Consumer Goods, and Others)
Multiaxial Woven Fabrics Market Share Report – Global Growth till 2028
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Impact of COVID-19 Pandemic on Multiaxial Woven Fabrics Market
The unprecedented rise in the number of COVID-19 cases across the world and the subsequent shutdown of numerous manufacturing facilities hampered the multiaxial woven fabrics market growth. The construction sector was severely affected due to delays in projects, labor shortages, increased material costs, and supply chain disruptions. Therefore, the demand for multiaxial woven fabrics was reduced in the global market.
COVID-19 pandemic led to a major decline in automotive production, sales, and international trade in 2020 and 2021 in the US, which consequently declined the demand for multiaxial woven fabrics. The nationwide factory shutdowns shortened production, with over 90% of domestic automotive production temporarily shut down in the US.
The multiaxial woven fabrics market revived on account of the government's measures, such as drives of vaccination and the relaxation of restrictions. The construction industry overcame the supply chain challenges. This created a demand for multiaxial woven fabrics. The increasing production in the automotive, aerospace, and other industries is also driving the multiaxial woven fabrics market growth.
The report includes the segmentation of the global multiaxial woven fabrics market as follows:
Based on type, the global multiaxial woven fabrics market is segmented into bidirectional fabrics, triaxial fabrics, quadraxial fabrics, and others. Based on application, the market is segmented into construction, industrial, military, consumer goods, and others. By geography, the global multiaxial woven fabrics market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America multiaxial woven fabrics market is further segmented into the US, Canada, and Mexico. The Europe multiaxial woven fabrics market is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific multiaxial woven fabrics market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America multiaxial woven fabrics market is further segmented into Brazil, Argentina, and the Rest of South & Central America.
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