25-Aug-2020 | Zion Market Research
The global hybrid fabric market, as per Zion Market Research, is expected to reach USD 562.08 million by 2026 from USD 200 million in 2019, with a CAGR of 17.1% during the forecast period. The market is developing because of the high requirement from the wind energy, automotive & transportation, and sports & recreational end-use sectors. Hybrid fabric is favored as it can lower the weight of the goods and is stronger as compared to metallic components. The market saw solid development in the last few years due to the rising employment in Germany, the US, Brazil, China, and Japan.
The hybrid fabric market includes major players such as SGL Group, Royal DSM N.V., Hexcel Corporation, Gurit, Solvay, Exel Composites, BGF Industries, Inc., Textum Inc., Arrow Technical Textiles Pvt. Ltd., and HACOTECH GmbH.
Glass/Carbon Fiber Category Projected To Be The Biggest Contributor By Fiber Type During The Forecast Period In The Hybrid Fabric Market
The hybrid fabric market is divided based on fiber type into carbon/aramid, carbon/UHMWPE, glass/carbon, and others. Glass/carbon hybrid fabric is the major kind employed in the wind energy and transportation & automotive sectors. These are lightweight substances, which lower the weight of wind blades and vehicles. The rising requirement from the wind energy and transportation & automotive end-use sectors is predicted to power the market in the years to come.
Composite Application Form Predicted To Be The Top Category During The Forecast Period Of The Hybrid Fabric Market
A resin is employed as a matrix with glass, carbon, aramid, and natural hybrid fabric in the composite form application. Resins are used widely in the production of hybrid composites. For reinforcement substance to be employed in composites, these reinforcements must have characteristic such as high strength, high modulus, high aspect ratio, high flexibility, and higher elasticity. Hybrid fabric is employed majorly in the composite form to suffice the needs of different end-use sectors such as wind energy, transportation & automotive, defense & aerospace, and others.
Europe To Be The Primary Income Creating Area In The Hybrid Fabric Market
The area is undergoing utmost growth in the global hybrid fabric market. A bulk of the aerospace & automotive part makers all over the area are continually involved in hybrid fabric product innovations and development in this region. The makers all over the area are adopting different growth plans to strengthen their status in the market.
Browse the full “Hybrid Fabric Market - by End-use Industry (Aerospace & Defense, Automotive & Transportation, and Wind Energy), by Fiber Type (Carbon/Uhmwpe, Glass/Carbon, Carbon/Aramid, and Glass/Aramid), by Application Form (Non-Composite and Composite), and by Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/hybrid-fabric-market
The global hybrid fabric market is segmented as follows:
By fiber type
By application form
By end-use industry
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