Woven Textile in Marine Trends and Forecast
The future of the global woven textile in marine market looks promising with opportunities in the boat hull, deck, bulkhead, and hatch cover markets. The global woven textile in marine market is expected to grow with a CAGR of 3.9% from 2024 to 2030. The major drivers for this market are increasing demand for durable and corrosion-resistant materials in marine applications, growing focus on sustainability, and expansion of marine tourism industry.
• Lucintel forecasts that, within the product type category, woven yarn is expected to witness a higher growth over the forecast period.
• Within the application category, boat hull is expected to witness the highest growth.
• In terms of regions, APAC is expected to witness the highest growth over the forecast period.
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Emerging Trends in the Woven Textile in Marine Market
The woven textile market in marine market is changing significantly due to developments in technology, the pursuit of sustainability goals, and increased emphasis on performance and safety. Below are five trends forecasted to have a major impact on the growth of this market in the years to come:
• Trend of Using Sustainable and Green Materials: A shift toward using sustainable materials, including biodegradable and recyclable options, is being witnessed in the marine textile industry. As environmental concerns increase, manufacturers are producing textiles from renewable materials such as natural fibers and recycled plastics, making the industry more eco-friendly. This trend is driven by consumer preference for green products, as well as stricter water regulations in key markets. Additionally, textiles are being used in a closed-loop system, where they are recycled at the end of their lifecycle.
• Advanced Textiles Integrated with Sensors: The evolution of smart textiles has advanced to the point where fabrics are now being produced with embedded sensors that can detect various conditions, such as temperature, humidity, or pressure. These textiles are most useful in marine applications, where they are embedded in safety gear, navigation tools, and used to monitor the performance levels of vessels. As a result, they help reduce accidents and inefficiencies caused by unintentional material wear or environmental factors, such as equipment breakdowns, due to insufficient performance data.
• Soaring Popularity of Hybrid Materials: Natural fiber-reinforced polymer composites are rapidly being adopted in the marine textile market. These fabrics combine the inherent advantages of organic materials, such as durability and breathability, with synthetic fibers that are strong, flexible, and waterproof. The use of hybrid materials is crucial in the production of sails, ropes, and other marine applications where performance and durability are essential.
• Customization for Specific Marine Applications: Manufacturers are now offering customized woven textile materials designed for specific needs in the marine industry, from yacht upholstery to offshore oil rigs. This trend is driven by the need for specialized materials, such as those resistant to UV rays, salinity, or high temperatures. Customization also involves creating aesthetically appealing and comfortable textiles for demanding luxury marine markets.
• Integration of AI and Automation in Textile Production: AI-based manufacturing and automation have now entered the woven textile production process, transforming the entire mode of production. The use of AI has enabled the re-engineering of production processes, reduced labor requirements, and improved quality control. Additionally, material and pattern designs are now coordinated using AI. This trend is becoming increasingly important due to the growing demand for high-performance engineered precision marine textiles, which requires an updated production approach to remain competitive in the global marketplace.
These trends are shifting the woven textile in the marine market toward more sustainable solutions in terms of materials, performance, and durability. They align with the global push for intelligent textiles that aim to improve the safety, performance, and sustainability of marine activities.
Recent Developments in the Woven Textile in Marine Market
The woven textile in marine market has been both science-based, in terms of material technology and the increase in the manufacturing capacity and the market appetite for high-end quality environmentally friendly goods towards the improvement of the end-users. The following developments highlight the scope of change over time in several key areas:
• Creating a Marine Environment-Friendly Fabric That Can Biodegrade: A number of companies are targeting to manufacture woven textiles that are eco-friendly particularly for marine use. These textiles made from either natural fibers or bio-degradable polymers are capable of disintegration and therefore less pollution to the seas. This development is in line with international trends to eradicate plastic wastes from contaminating the oceans and has received lots of attention from both environmental regulators and consumers in major markets such as Europe and North America.
• Emergence of High-Performance Fibers: The introduction of high performance fibers such as, carbon fiber, aramid fiber and even advanced composites has revolutionized marine textiles. These materials are characterized by great strength, excellent durability and remarkable resistance to corrosion, ultra violet degradation and harsh environmental conditions. This is more so in the case of luxuries yachts and offshore oil rigs where safety and reliability are factors to consider. The introduction of these materials also enhances the scope of proper recycled marine textiles therefore cutting down the cost of replacements as well as maintenance of the textile systems.
• Impact of Automation and Smart Manufacturing Technologies: To satisfy the growing needs of precision-engineered marine textiles, it has become important to bring in advanced automation and smart manufacturing techniques. Automated weaving, robotic processing, AI-based quality control of manufactured woven textiles has success to a greater extent. This technological advancement helps in cost reduction and less waste, hence giving room for faster development of client- specific textile products for marine purposes.
• Use of Smart Textiles for Safety Devices: Smart textiles are growingly being fit in marine safety equipment that includes life vests, harnesses, or trained activewear. Such textiles are capable of detecting and measuring biological functions, detecting changes in temperature, and emitting stress signals when threats are observed within the environment. This technology is highly relevant to commercial shipping and offshore activities where various risks need to be managed.
• Adoption of Eco-Friendly Production Techniques: A number of textile producers today have taken up the challenge of how to manufacture textiles by adopting eco-friendly production processes like waterless dye technologies, using limited chemicals, and better recycling methods. These endeavors do not only aim at the reduction of the negative contribution of the textile industry but are also aimed at the green revolution which has started evolving in this sector.
These developments point to the continued attention given to performance, safety, and sustainability into the woven textile in marine market. Manufacturers are expanding the horizons of textile technology due to changing market and consumer needs and new materials and environmentally friendly technologies are being adopted.
Strategic Growth Opportunities for Woven Textile in Marine Market
With the increasing demand for better woven textile in marine , strategic opportunities are available in different applications. Some of the five growth opportunities within the woven textile in marine industry are highlighted below:
• Upholstery of luxury yachts: The performance fabrics for the luxury yachts can be one of the most promising growth areas for woven textiles in terms of upholstered items, deck coverings and sailcloth’s. The increasing demand for luxury travel and custom-build yachts from sophisticated consumers, further necessitates the availability of quality, hard wearing and impressive looking clothing textiles. This fabric can be further extended in the form of bespoke high performance textile fabrics suitable for the interiors and exteriors of the yachts where the basic emphasis will be for user comfort and durability.
• Marine Safety and Rescue Handlings: There is an increasing interest in incorporating advanced woven textiles in safety equipment such as life jackets, rescue nets, and safety ropes. These textiles are required to have high-performance criteria and should also be structurally strong, durable and buoyant. With the advent of new regulations in maritime safety, it presents an opportunity for manufacturers to invest in new lines of safety fabrics that are not only functional but also appealing and eco-friendly.
• Offshore Oil and Gas Extraction Platforms: Woven textiles find a significant application in the offshore oil and gas industry, especially in making protective covers, containment nets, and equipment fabrics. With the emergence of deep-sea drilling and offshore work, the need for textiles that bear extreme conditions rises which include external pressures and exposure to saline water and ultraviolet rays. This market provides a good business opportunity for companies which produce specialized textiles for harsh environments.
• Industrial sector enclosing Shipbuilding along with Commercial Vessels: The shipbuilding industry is another area with definite prospects, as advances in woven textile technologies are expected to result in the development of better performance vessels with lesser weight, and better fuel economy. Textiles are finding to straddle a plethora of functional areas, pivots including, – hull covers, sails, and outer coatings. This enhances the ability of manufacturers to compete in the textile industry by providing fabrics that are suitable to withstand tears, salts, and sunlight.
• Business That Much More connects with the Sea – recreation & Marine Tourism: As recreational boating and water sports become even more popular it fuels the need for good quality textile marine leisure products that include boat covers, waterproof seating and protective clothing. The development of the tourism and leisure segment opens up the possibilities for manufacturers to offer products satisfying the various aspects of this high and growing market.
These applications showcase the wide range of expansion opportunities that bedeck the woven textile in marine market. Developing a strategy focusing on the luxury yacht market, safety gear and offshore industries, organizations would be able to benefit from changing customer preferences and new market developments.
Woven Textile in Marine Market Driver and Challenges
Apart from the technological, compliance and economic factors that shape the growth of woven textiles in the marine market, there are certain barriers and drivers to the market. These include technological, economic, political, legal and social factors.
The factors responsible for driving the woven textile in marine market include:
• Technological Advancements in Materials: Two-thirds of the width of these materials will be composed of textiles instead of particular naked wrestling girdles. Marine Industry is loomed for woven textiles by the Factors like prescription of durable materials, resistance to corrosion, high tensile strength etc. These fabrics are engineered for tough marine applications.
• Environmental Regulations: Environmental regulation is becoming one of the harshest driving forces for manufacture of eco-friendly textiles such as use of sulphate-free or biodegradable textiles. Also, this is added by increasing interest in the regulation which improves market for eco-friendly textile.
• Growth in Recreational and Luxury Marine Sectors: Recreational boating and luxury boating are gaining traction hence driving the market for high-end performance-fabric marine textiles. In this sector, consumers are seeking marine textiles with design appeal while maintaining UV resistant, durable and water proof attributes.
• Increasing Focus on Safety: The increasing emphasis on maritime security is stimulating the use of technical textiles for manufacturing safety equipment such as life vests, rescue nets, and safety ropes. As safety norms are getting more stringent over time, the fabricators to the textile industry are making ‘next generation’ materials.
• Rising Demand for Offshore Oil & Gas: The sustained expansion of the offshore oil and gas sector is increasing the need for textiles that can endure extreme climatic conditions. Fabrics that are protective and are used in rig coverings, containment nets and other equipment needed in this sector are basic in propelling the growth of the industry.
Challenges in the woven textile in marine market are:
• High Raw Material Costs: The cost of raw materials, especially high-performance fibers and composites still poses a problem. Materials like carbon fiber and aramids are costly, which affects the related cost structure for the marine textile manufacturers.
• Environmental Concerns and Disposal Issues: There has been an improvement in the production of greener textiles, but it is the disposal of old textiles into bodies of sea that poses problems still. This makes it imperative for the manufacturers to put money on recycling methods and also materials that will be biodegradable.
• Regulatory Compliance and Standards: The ability to adhere to the different regulatory requirements in illegal minimum thresholds and bay states can be difficult. Adherence to environmental and safety standards is a requirement for all marine textile manufacturers, however, this can vary greatly from one area to another.
The woven textile in marine market is developing at a healthy growth rate unemployment a multitude of factors such as technological advancement and increasing market for eco-friendly and high-performance materials. Notably, factors like high material costs and legal factors still remain challenges that deter the growth of the industry.
List of Woven Textile Companies in Marine Market
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies woven textile companies in marine market cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the woven textile companies in marine market profiled in this report include-
• Owens Corning
• Jushi Group
• Chongqing Polycomp International Corporation
• Taishan Fiberglass
• Taiwan Glass Group
• Nippon Electric Glass
• Sichuan Weibo
• 3B the Fiber Glass Company ( Goa Glass Fiber)
• Johns Manville Corporation
• Nitto Boseki
Woven Textile in Marine by Segment
The study includes a forecast for the global woven textile in marine by product type, application, and region.
Woven Textile in Marine Market by Product Type [Analysis by Value from 2018 to 2030]:
• Woven Roving
• Woven Yarn
Woven Textile in Marine Market by Application [Analysis by Value from 2018 to 2030]:
• Boat Hulls
• Decks
• Bulkheads
• Hatch Covers
• Others
Woven Textile in Marine Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Woven Textile in Marine Market
The woven textile in marine market has been undergoing great changes since the demand for high-performance materials that can be launched in the adverse conditions in the sea came up in various regions of the globe. These textiles are also important in the construction of ships, the manufacture of yachts, and the exploitation of the ocean’s oil and gas industry. New developments are driven more and more by innovations in fiber materials technology, sustainability factors, and shipping safety factors. Big markets like the United States, China, Germany, India, Japan etc. have been advancing the marine textile industry in different ways where new developments in unique ways are observed in this sector which is quite dynamic.
• United States: In the United States, it is the advances in synthetic fibers including polyester and fiberglass and others which of enable many users to seek for woven textiles within the marine sector. Moreover, recent advancements in the field of nanotechnology have enabled the enhancement of water repellant effects on such textiles hence increasing their utilization in marine industry. The U.S too favors these trends regarding the fabrics as most of the industries are changing to green textiles manufacturing and embracing fabric recycling of marine grade textiles. All these are as a result of the emerging trends of consumers being environmentally friendly and the policies which are geared towards reducing the emissions from the marine industry.
• China: China has grown to be the world leader in woven textile production, especially for the marine application. Shipbuilding and offshore industry is one of the fastest growing sectors in the country, hence the need for the strong, economical and lasting marine textiles. Recently in China, advancements in woven fabrics for the shipbuilding industry have improved the safety features, convenience and durability of marine vessels. Boat covers, sails, and coatings are some of the end users of these textiles. Moreover China has been adopting the technologies such as IoT to its clothes in order to keep track of more performance parameters in case the vessel is not in use as this will aid in maintenance and safety of the vessel.
• Germany: Germany firms are leading in technology in woven textile structures, especially those that are marine in nature with the aim of developing high performance fabrics required in the maritime industry. German product developers are now using complex weaving patterns and hybrid composites such as carbon and advanced composites to design textiles that have minimal weight and are also self-protective from corrosion, UV exposure and mechanical stress. There has been an increase in and the need for woven textiles for use on board beautiful slim line yachts and ocean going vessels with the growing trend in maritime tourism in Germany which has positioned herself a supplier of woven textiles. Furthermore the focus on the eco-sustainability in the production of marine textiles has also changed the fabric as many of them are now bio-degradable or recyclable.
• India: Indian woven textile industry for the marine sector is growing because of both the domestic demand and growth in exports. The shipbuilding industry in the country is on the rise which in turn increases the demand for textiles that can afford to be low maintenance yet very durable. Indian manufacturers have now also been working towards cost-effective lightweight marine deployed fabrics using renewable and crossbreed fibers. There are often used fabrics in boat tents, insulated covers, safety equipment, and furniture. The textile market of India is rather devoted to the expansion in the field of degradation of creation and usage of textiles used for marine purposes, which is connected with world trends in the development of marine economy towards sustainability.
• Japan: Japanese woven textile market for the marine industry for woven type of fabrics is classed with high-end as well as cleaner material finishes. Country enjoys a lot of inventive activities in manufacturing that also cuts across to what it offers in marine textiles. Japanese companies are developing woven textiles that offer superior durability in terms of fabrics that resist UV radiation, increased durability and fabric that has water repellent properties for marine uses. The fabrics find various works in yachting and commercial shipping. Companies in Japan design very specialized marine-grade fabrics thanks to the renewing and fabric technology in the country.
Features of the Global Woven Textile in Marine Market
Market Size Estimates: Woven textile in marine market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Woven textile in marine market size by product type, application, and region in terms of value ($B).
Regional Analysis: Woven textile in marine market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the woven textile in marine market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the woven textile in marine market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What is the growth forecast for woven textile in marine market?
Answer: The global woven textile in marine market is expected to grow with a CAGR of 3.9% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the woven textile in marine market?
Answer: The major drivers for this market are increasing demand for durable and corrosion-resistant materials in marine applications, growing focus on sustainability, and expansion of marine tourism industry.
Q3. What are the major segments for woven textile in marine market?
Answer: The future of the global woven textile in marine market looks promising with opportunities in the boat hull, deck, bulkhead, and hatch cover markets.
Q4. Who are the key woven textile companies in marine market?
Answer: Some of the key woven textile companies in marine market are as follows:
• Owens Corning
• Jushi Group
• Chongqing Polycomp International Corporation
• Taishan Fiberglass
• Taiwan Glass Group
• Nippon Electric Glass
• Sichuan Weibo
• 3B the Fiber Glass Company ( Goa Glass Fiber)
• Johns Manville Corporation
• Nitto Boseki
Q5. Which woven textile in marine market segment will be the largest in future?
Answer: Lucintel forecasts that woven yarn is expected to witness the higher growth over the forecast period.
Q6. In woven textile in marine market, which region is expected to be the largest in next 6 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.7 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the woven textile in marine market by product type (woven roving, woven yarn, and), application (boat hulls, decks, bulkheads, hatch covers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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