Lucintel Forecasts the Global Electric Yarn and Fabric Market to Reach $2 Billion by 2030
Lucintel Forecasts the Global Electric Yarn and Fabric Market to Reach $2 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global electric yarn and fabric market looks promising with opportunities in the computer/peripherals, communications, consumer electronics, industrial, automotive, military/aerospace, and industrial applications. The global electric yarn and fabric market is expected to reach an estimated $2 billion by 2030 at a CAGR of 4% from 2023 to 2030. The major drivers for this market are increasing demand for electric yarn and fabric in the communication industry, growth in connected devices, and advancement in automotive electronics.
Browse 89 figures/charts and 76 tables in this 181-page report to understand trends, opportunity and forecast in global electric yarn and fabric market to 2030 by type (primary twist yarn, twisted yarn, and others), by application (electronic cloth raw materials, copper clad laminate raw materials, and by region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that PCB based electric yarn and fabric will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to increasing demand for multilayers PCB with less micron filament of electric yarn and fabric for 5G communication market.
Computers/peripherals will remain the largest end use industry during the forecast period due to increasing demand for computer systems in business, healthcare, and educational sectors. The consumer electronics segment is expected to witness the highest growth due to the increasing demand for connected devices.
Asia Pacific is expected to remain the largest market and witness the highest growth over the forecast period due to the increasing electronic content in automotive, and growth in consumer electronic devices and telecommunication products. Increasing usage of electric vehicles due to growing environmental concerns and regulations is also expected to drive the demand for electric yarn and fabric in this region
Taiwan Glass Group, Nitto Boseki Co. Ltd., Kingboard Laminates Holding Ltd., CPIC, Nan Ya Plastic, Fulltech Fiber Glass Corporation, CYC Composites, Taishan Fiberglass Inc., AGY Holding Corporation, Grace Fabric Technology Co. Ltd. are the major suppliers in the electric yarn and fabric market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056