Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 377.63 Million | USD 1447.28 Million | 16.1% | 2023 |
Zion Market Research has published a report on the global Hybrid Fabric Market, estimating its value at USD 377.63 Million in 2023, with projections indicating that it will reach USD 1447.28 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 16.1% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Hybrid Fabric industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Hybrid fabrics comprises more than one structural fibers in its configuration and are also referred to as textile composites. These products are intertwined from various fibers like the blend of carbon fibers & aramid yarns in different ratios. Apparently, they possess beneficial properties like low mass and high impact resistance. Moreover, the hybrid fabrics are available are reasonable costs. The products can be differentiated from other fabrics on the basis of key features like durability, strength, and outstanding resistance to flames, chemical agents, and heat.
The growth of the market over the forecast timespan is credited to escalating product demand in wind energy, automotive & transport, and sports & recreation sectors. Hybrid fabrics are low in weight and more strong then metals and hence they have gained popularity across various industries across the globe. Additionally, hybrid fabrics are embedded in bio-based epoxy matrix to produce bio-composites.
Furthermore, due to its lightweight features, hybrid fabrics are used in aeronautics and construction activities. Moreover, the products possess beneficial mechanical characteristics & dampening features with low density and ease to handle and this, in turn, will drive the market trends. Apart from this, the production of hybrid fabrics require less energy and they can be recycled.
The study provides a decisive view of the hybrid fabric market by segmenting the market based on by fiber type, by application form, by end-use industry and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By fiber type analysis includes glass/carbon,carbon/UHMWPE, glass/aramid, carbon/aramid and others (aramid/diolen, carbon/polyethylene, carbon/zylon, carbon/flax, steel/glass, carbon/vectran, and glass/aramid/carbon).
On the basis of application form analysis includes composite form and non-composite form.
By end-use industry analysis includes automotive & transportation, aerospace & defense, wind energy, sports & recreational, consumer goods and others (marine, building & construction, and electronics & electrical).
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Hybrid Fabric Market |
Market Size in 2023 | USD 377.63 Million |
Market Forecast in 2032 | USD 1447.28 Million |
Growth Rate | CAGR of 16.1% |
Number of Pages | 110 |
Key Companies Covered | BGF Industries, Inc., Arrow Technical Textiles Pvt. Ltd., SGL Group, Textum Inc., Hexcel Corporation, Royal DSM N.V., Gurit, Solvay, Exel Composites, and HACOTECH GmbH |
Segments Covered | By Fiber Type, By Application Form, By End-Use Industry And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The growth of the market in Europe over 2024-2032 is owing to presence of reputed players in automotive & aerospace industries. Apart from this, textile manufacturers in the region are focusing on product innovations and this can create lucrative growth prospects for the market in the region over the next couple of years.
Key players influencing the market growth are BGF Industries, Inc., Arrow Technical Textiles Pvt. Ltd., SGL Group, Textum Inc., Hexcel Corporation, Royal DSM N.V., Gurit, Solvay, Exel Composites, and HACOTECH GmbH.
By fiber type
By application form
By end-use industry
By Region
FrequentlyAsked Questions
The growth of the market over the forecast timespan is credited to escalating product demand in wind energy, automotive & transport, and sports & recreation sectors.
The CAGR of the industry is expected to be nearly over 17.1% during the forecast timeline.
Europe will contribute remarkably towards the global market share over the estimated timeline.
The key market players include BGF Industries, Inc., Arrow Technical Textiles Pvt. Ltd., SGL Group, Textum Inc., Hexcel Corporation, Royal DSM N.V., Gurit, Solvay, Exel Composites, and HACOTECH GmbH.
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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