North America Multiaxial Woven Fabrics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type (Bidirectional Fabrics, Triaxial Fabrics, Quadraxial Fabrics, and Others) and Application (Construction, Industrial, Military, Consumer Goods, and Others)
The North America multiaxial woven fabrics market is expected to grow from US$ 320.87 million in 2022 to US$ 436.15 million by 2028. It is estimated to grow at a CAGR of 5.2% from 2022 to 2028.
Increasing Investments in Wind Energy Sector Would Provide Lucrative Opportunities for the North America Multiaxial Woven Fabrics Market Over the Coming Years
Clean (renewable) energy has gained momentum as nonrenewable energy resources are aggressively depleting. Many countries are focusing on generating clean energy to reduce carbon footprints. Wind power is one of the rapidly expanding renewable energy sources. According to the International Energy Agency, electricity amount generated by wind surged by almost 273 TWh in 2021 (up 17%), 55% higher growth than that achieved in 2020. Growing demand for wind power is increasing investments in the wind energy sector. According to the ‘Land-Based Wind Market Report, 2022’ published by Lawrence Berkeley National Laboratory, the US added 13.4 GW of wind power capacity in 2021 by investing US$ 20 billion in new wind projects during the year. As per the press release by the government of Canada in March 2022, Canada will adopt a clean energy standard and invest in wind and solar projects as a part of their US$ 7.2 billion "2030 Emissions Reduction Plan" to meet carbon emission targets by 2030. In wind energy generation, the fabrics offer applications in blade repairing and nacelle covers. Hence, increasing investments in the wind energy sector will boost the use of multiaxial fabric, which would provide lucrative opportunities for the North America multiaxial woven fabrics market over the coming years.
North America Multiaxial Woven Fabrics Market Overview
The North America multiaxial woven fabrics market, by country, is segmented into the US, Canada, and Mexico. Strong growth of the composites industry due to increasing use of composites in end-use industries such as automotive, aerospace, construction, consumer goods, wind energy, and many others drives the regional market growth. The automotive industry is one of the most important industries in the US. More countries import auto-related products from the US. According to the Alliance for Automotive Innovation, the US exported cars and automotive parts worth over US$ 90 billion in 2020, 22% more than the country exported 15 years ago. Also, residential, commercial, and industrial construction activities are increasing in North America. Further, the government of Canada is investing in wind energy across the country and working with partners to build major projects. Over the last decade, wind energy capacity has rapidly increased in Mexico. Thus, the strong growth of the automotive, construction, and wind energy industries in North America is driving the demand for multiaxial fabrics.
North America Multiaxial Woven Fabrics Market Revenue and Forecast to 2028 (US$ Million)
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North America Multiaxial Woven Fabrics Market Segmentation
The North America multiaxial woven fabrics market is segmented into type, application, and country.
Based on type, the North America multiaxial woven fabrics market is segmented into bidirectional fabrics, triaxial fabrics, quadraxial fabrics, and others. In 2022, the quadraxial fabrics segment registered a largest share in the North America multiaxial woven fabrics market.
Based on application, the North America multiaxial woven fabrics market is segmented into construction, industrial, military, consumer goods, and others. In 2022, the industrial segment registered a largest share in the North America multiaxial woven fabrics market.
Based on country, the North America multiaxial woven fabrics market is segmented into the US, Canada, Mexico. In 2022, the US segment registered a largest share in the North America multiaxial woven fabrics market.
3D Weaving SaRL; Albany International Corp; Parabeam BV; SGL Carbon SE; Sigmatex (UK) Ltd; and Textum OPCO LLC are the leading companies operating in the North America multiaxial woven fabrics market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Multiaxial Woven Fabrics Market, by Type
1.3.2 North America Multiaxial Woven Fabrics Market, by Application
1.3.3 North America Multiaxial Woven Fabrics Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America Multiaxial Woven Fabrics Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Buyers:
4.2.3 Bargaining Power of Suppliers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Distributors or Suppliers:
4.3.4 End-Use Industries
4.4 Expert Opinions
5. North America Multiaxial Woven Fabrics Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Strong Growth of Composites Industry
5.1.2 Surging Use of Multiaxial Fabrics in Aerospace Industry
5.2 Market Restraint
5.2.1 High Cost of Establishing and Operating Manufacturing Unit
5.3 Market Opportunity
5.3.1 Increasing Investments in Wind Energy Sector
5.4 Future Trend
5.4.1 Growing Focus of Manufacturers on Adopting Different Strategies
5.5 Impact Analysis
6. Multiaxial Woven Fabrics – North America Market Analysis
6.1 North America Multiaxial Woven Fabrics Market –Revenue and Forecast to 2028 (US$ Million)
7. North America Multiaxial Woven Fabrics Market Analysis – By Type
7.1 Overview
7.2 North America Multiaxial Woven Fabrics Market, By Type (2021 and 2028)
7.3 Bidirectional Fabrics
7.3.1 Overview
7.3.2 Bidirectional Fabrics: North America Multiaxial Woven Fabrics Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Triaxial Fabrics
7.4.1 Overview
7.4.2 Triaxial Fabrics: North America Multiaxial Woven Fabrics Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Quadraxial Fabrics:
7.5.1 Overview
7.5.2 Quadraxial Fabrics: North America Multiaxial Woven Fabrics Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: North America Multiaxial Woven Fabrics Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Multiaxial Woven Fabrics Market Analysis – By Application
8.1 Overview
8.2 North America Multiaxial Woven Fabrics Market, By Application (2021 and 2028)
8.3 Construction
8.3.1 Overview
8.3.2 Construction: North America Multiaxial Woven Fabrics Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Industrial
8.4.1 Overview
8.4.2 Industrial: North America Multiaxial Woven Fabrics Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Military
8.5.1 Overview
8.5.2 Military: North America Multiaxial Woven Fabrics Market– Revenue and Forecast to 2028 (US$ Million)
8.6 Consumer Goods
8.6.1 Overview
8.6.2 Consumer Goods: North America Multiaxial Woven Fabrics Market– Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: North America Multiaxial Woven Fabrics Market– Revenue and Forecast to 2028 (US$ Million)
9. North America Multiaxial Woven Fabrics Market – Country Analysis
9.1 Overview
9.1.1 North America: Multiaxial Woven Fabrics Market, by Key Country
9.1.1.1 US: Multiaxial Woven Fabrics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Multiaxial Woven Fabrics Market, By Type
9.1.1.1.2 US: Multiaxial woven fabrics Market, by Application
9.1.1.2 Canada: Multiaxial Woven Fabrics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Multiaxial woven fabrics Market, By Type
9.1.1.2.2 Canada: Multiaxial Woven Fabrics Market, by Application
9.1.1.3 Mexico: Multiaxial Woven Fabrics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Multiaxial Woven Fabrics Market, By Type
9.1.1.3.2 Mexico: Multiaxial Woven Fabrics Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Partnership
10.4 New Product Development
11. Company Profiles
11.1 3D Weaving SaRL
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Sigmatex (UK) Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Textum OPCO LLC
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Albany International Corp
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Parabeam BV
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 SGL Carbon SE
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Multiaxial Woven Fabrics Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. US Multiaxial Woven Fabrics Market, Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Multiaxial woven fabrics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada Multiaxial woven fabrics Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Multiaxial Woven Fabrics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico Multiaxial Woven Fabrics Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico Multiaxial Woven Fabrics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Glossary of Terms, North America Multiaxial woven fabrics Market
LIST OF FIGURES
Figure 1. North America Multiaxial Woven Fabrics Market Segmentation
Figure 2. North America Multiaxial Woven Fabrics Market Segmentation – By Country
Figure 3. North America Multiaxial Woven Fabrics Market Overview
Figure 4. North America Multiaxial Woven Fabrics Market, By Type
Figure 5. North America Multiaxial Woven Fabrics Market, by Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Ecosystem Analysis: North America Multiaxial Woven Fabrics Market
Figure 8. Expert Opinions
Figure 9. North America Multiaxial Woven Fabrics Market Impact Analysis of Drivers and Restraints
Figure 10. North America Multiaxial Woven Fabrics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Multiaxial Woven Fabrics Market Revenue Share, By Type (2021 and 2028)
Figure 12. Bidirectional Fabrics: North America Multiaxial Woven Fabrics Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Triaxial Fabrics: North America Multiaxial Woven Fabrics Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Quadraxial Fabrics: North America Multiaxial Woven Fabrics Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Others: North America Multiaxial Woven Fabrics Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. North America Multiaxial Woven Fabrics Market Revenue Share, By Application (2021 and 2028)
Figure 17. Construction: North America Multiaxial Woven Fabrics Market– Revenue and Forecast To 2028 (US$ Million)
Figure 18. Industrial: North America Multiaxial Woven Fabrics Market– Revenue and Forecast To 2028 (US$ Million)
Figure 19. Military: North America Multiaxial Woven Fabrics Market– Revenue and Forecast To 2028 (US$ Million)
Figure 20. Consumer Goods: North America Multiaxial Woven Fabrics Market– Revenue and Forecast To 2028 (US$ Million)
Figure 21. Others: North America Multiaxial Woven Fabrics Market– Revenue and Forecast To 2028 (US$ Million)
Figure 22. North America: Multiaxial Woven Fabrics Market, by Key Country - Revenue (2021) (US$ Million)
Figure 23. North America: Multiaxial woven fabrics Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. US: Multiaxial Woven Fabrics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Canada: Multiaxial Woven Fabrics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Mexico: Multiaxial Woven Fabrics Market – Revenue and Forecast to 2028 (US$ Million)
- 3D Weaving SaRL
- Albany International Corp
- Parabeam BV
- SGL Carbon SE
- Sigmatex (UK) Ltd
- Textum OPCO LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America multiaxial woven fabrics market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America multiaxial woven fabrics market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the multiaxial woven fabrics market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution