ID: MRFR/CnM/6172-HCR | 140 Pages | Author: Chitranshi Jaiswal | June 2023
Hybrid Fabric Market is projected to be worth USD 420.0 Million by 2027, registering a CAGR of 9.1% during the forecast period (2020 - 2027).
Hybrid Fabrics Market is estimated to grow at a healthy CAGR of more than 15% to reach over USD 420 million in 2027 . The market is rising due to the high ultimatum from the automotive and transportation, sports and recreational end-use industries, and wind energy. The hybrid fabric is favored as it can decrease the weight of the product and is stronger than metallic parts. The market observed a strong increase in the past few years owing to the rising use in the USA, Germany, China, Brazil, and Japan. The hybrid market is divided on the basis of fiber type into carbon/glass, UHMWPE/carbon, aramid/glass, aramid/carbon, and others. carbon/glass hybrid fabric is the main type used in the automotive and transportation and wind energy industries. These are lightweight materials, that decrease the weight of wind blades and vehicles. The growing ultimatum from the automotive and transportation and wind energy end-use industries is calculated to fuel the market during the anticipated period.
Global Hybrid Fabrics Market Share, by Application, 2017 (%):
The Global Hybrid Fabrics Market is studied across the five regions namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific held largest share of the Global Hybrid Fabrics Market in 2017 and is also estimated to grow at the highest CAGR during the forecast period. The market for the Hybrid Fabrics in this region is witnessing rapid growth during review period on account of the surging demand for the product form the major end-use industries such automotive, wind energy and sports & leisure. Additionally, rapid growth of the aerospace & energy sector in this region is expected to drive the market growth for Hybrid Fabrics in this region.
North America is following Asia-Pacific in terms of the revenue and held the second largest market share in 2017. The US is the largest market in this region due to the significant presence of the automotive, aerospace & defense industry, along with the sports industry.
Europe is another substantial regional market, wherein the demand for the Hybrid Fabrics in the automobile industry is increasing at the healthy CAGR. The major contributors to the regional market France, Italy, Germany and Spain. The aerospace and automotive industries in Europe are the major consumers of the product in this region.
The Middle East & African and Latin American markets are estimated to grow at a healthy CAGR owing to high investment potential and robust growth of the automotive industry in this region.
Some of the key players in the Global Hybrid Fabrics Market are Koninklijke DSM N.V. (The Netherlands), Gurit (Switzerland), Hexcel Corporation (US), Solvay (Belgium), BGF Industries, Inc. (US), Exel Composites (Finland), SGL Group (Germany), Textum Inc. (US), HACOTECH Gmbh (Germany), and Arrow Technical Textiles Pvt. Ltd. (India), among others.
The Global Hybrid Fabrics Market has been segmented on the basis of Combination, Form, Application and Region.
Based on Combination, the Global Hybrid Fabrics Market has been segregated into carbon-aramid, aramid-glass, carbon-glass, carbon-UHMWPE, and others.
By Form, the market is divided into composite and non-composite.
On the Basis of Form, the market is categorized into automotive, aerospace & defense, wind energy, consumer goods, sports & leisure, and others.
The Global Hybrid Fabrics Market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.Recent Development
In the composites from use, a resin is applied as a matrix with glass, carbon, natural, and aramid hybrid fabric. Resins are commonly applied in the manufacturing of hybrid composites. For boosting materials to be applied in composites, these boosting should possess properties such as high strength, high modulus, high aspect ratio, high flexibility, and higher elasticity. Hybrid fabric is applied extensively in the composite form to cater to the ultimatum of several end-use industries such as defense and aerospace, transportation and automotive, wind energy, and others. The area is experiencing maximum developments in the hybrid fabric market. The majority of the automotive and aerospace element manufacturers across the area are constantly involved in product innovation and the development of hybrid fabric products in this area.
|Market Size||2027: USD 420 Million|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Combination, Form, End-Use Industry and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Koninklijke DSM N.V. (The Netherlands), Gurit (Switzerland), Hexcel Corporation (US), Solvay (Belgium), BGF Industries, Inc. (US), Exel Composites (Finland), SGL Group (Germany), Textum Inc. (US), HACOTECH Gmbh (Germany), and Arrow Technical Textiles Pvt. Ltd. (India), among others.|
|Key Market Opportunities||Increasing demand for light-weight materials in modern automobiles is expects to propel growth|
|Key Market Drivers||Continuously growing demand from major end-use industries namely automotive, aerospace & defense, and wind energy.|
The valuation of the global hybrid fabric market is estimated to reach approximately USD 420 MN by 2027.
hybrid fabric market is expected to register over 9.1% CAGR during the assessment period (2021-2027).
By Form, the composite segment and by end-use industry, the automotive segment accounts for the major share in the global hybrid fabric market.
Asia Pacific holds the largest share in the global hybrid fabric market, followed by Europe and North America, respectively.
Gurit (Switzerland), Koninklijke DSM N.V. (The Netherlands), Hexcel Corporation (US), BGF Industries, Inc. (US), Solvay (Belgium), Exel Composites (Finland), Textum Inc. (US), SGL Group (Germany), Arrow Technical Textiles Pvt. Ltd. (India), and HACOTECH Gmbh (Germany), are some of the major players operating in the hybrid fabric market.
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