According to this research, factors such as growing awareness of the advantages of conductive textiles, high demand from the military and defence sector and increased health awareness among consumers are fuelling the market growth. However, high cost of finished products can affect adoption is hampering the market.
A conductive textile can be defined as a fabric which is made from the strands of metal that are woven, blended, or coated during the creation of the textile. Conductive metals such as silver, titanium, gold, nickel, and carbon are utilised by the textile. Conductive textiles inhabit the property that it can conduct electricity and thus is used in several applications by different end-use industries. The primary function of the conductive textile is controlling the static electricity and protecting from the electromagnetic interference.
Based on type, the woven textile segment has significant growth during the forecast period. Woven textiles are widely utilised by various end-use industries such as military and defence, healthcare, and sports and fitness. As these textiles offer high-standard performance in shielding and conductivity, they are considered to be the preferred type of conductive textiles utilised across the globe, thereby boosting the growth of the woven textile segment.
Growth by regions
By geography, the conductive textile market in Asia Pacific is expected to grow at the significant market share during the forecast period. Factors such as the increasing urbanised population in China and India and the increasing awareness about the benefits and functionality of conductive textiles in these countries are expected to fuel the growth of conductive textiles market in the region.
Some of the key players in global conductive textiles market are Hitek Electronic Materials, 3M Company, Seiren, Holland Shielding System, Toray Industries, Emei Group, HFC Shielding, Sheildex Trading, Parker Chomerics, AiQ Smart Clothing, Bekaert, Swift Textile Metalizing, Laird PLC, MarKTek, Jarden Applied Materials, and Coatex Industries.