At 4.5% CAGR, the Europe Multiaxial Woven Fabrics Market is projected to be worth US$ 501.96 million by 2028, says Business Market Insights

According to Business Market Insights research, the Europe multiaxial woven fabrics market was valued at US$ 384.37 million in 2022 and is expected to reach US$ 501.96 million by 2028, registering a CAGR of 4.5% from 2022 to 2028. Surging use of multiaxial fabrics in aerospace industry and growing focus of manufacturers on adopting different strategies are the critical factors attributed to the Europe multiaxial woven fabrics market expansion.               

Multiaxial fabrics are highly used in the aerospace & aeronautical sectors to provide the best mechanical performance to the part made of composite materials. In the aerospace industry, carbon fiber is mostly used in multiaxial fabrics manufacturing due to its properties such as 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, and 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. Composites are also better at resisting fatigue and corrosion than traditional metal. Overall, composite materials with lightweight, high-temperature resistance, and other properties are increasingly used in designing high-performance and economical aircraft. Multiaxial fabric is used for manufacturing composite materials. Thus, there is a surging use of multiaxial fabrics in the aerospace industry, driving the Europe multiaxial woven fabrics market growth.  

On the contrary, high cost of establishing and operating manufacturing unit hurdles the growth of Europe multiaxial woven fabrics market.

Based on type, the Europe multiaxial woven fabrics market is segmented into bidirectional fabrics, triaxial fabrics, quadraxial fabrics, and others. The quadraxial fabrics segment held 42.2% share of Europe multiaxial woven fabrics market in 2022, amassing US$ 162.11 million. It is projected to garner US$ 211.00 million by 2028 to expand at 4.5%CAGR during 2022–2028.

Based on application, the Europe multiaxial woven fabrics market is segmented into construction, industrial, military, consumer goods, and others. The industrial segment held 36.4% share of Europe multiaxial woven fabrics market in 2022, amassing US$ 212.60 million. It is projected to garner US$ 282.56 million by 2028 to expand at 4.9% CAGR during 2022–2028.  

Based on country, the Europe multiaxial woven fabrics market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 25.1% share of Europe multiaxial woven fabrics market in 2022. It was assessed at US$ 96.32 million in 2022 and is likely to hit US$ 133.27 million by 2028, exhibiting a CAGR of 5.6% during the forecast period.  

Key players profiles in the Europe multiaxial woven fabrics market report 3D Weaving SaRL; Albany International Corp; Biteam AB; Cristex Composite Materials Ltd; Halarit Composites GmbH; Parabeam BV; SGL Carbon SE; and Sigmatex (UK) Ltd, among others.

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