Hybrid Fabric Market- Global Industry Analysis and Forecast (2022-2029)

Hybrid Fabric Market was valued at US$ 265.08 Mn in 2021 and is expected to reach US$ 887.19 Mn by 2029, at a CAGR of 16.3% during the forecast period.
Hybrid Fabric Market Overview:
Global Hybrid Fabric Market is expected to reach US$ 887.19 Mn. by 2029. Fabric made with more than one type of structural fibre is referred to as a hybrid textile. It's made up of reinforcing fibre spun yarns and thermoplastic matrix fibres. If the qualities of more than one fibre are required in a multi-layered fabric, two distinct textiles are usually employed. Automotive & transportation, Aerospace & Defense, Wind Energy, Sports & Recreational, and Consumer Goods are some of the end-users of the hybrid fabric.



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COVID-19 Impact on the Hybrid Fabric Market:
Across many industrialized and developing countries, the advent of novel COVID strains has harmed the healthcare infrastructure. The hospital is short on staff, medicine, oxygen beds, and ventilators. As a result of the disruption of supply chains, production activities are disrupted in several countries. This has an impact on the global market for hybrid fabrics. The World Health Organization's (WHO) International Health Regulations Emergency Committee declared the Coronavirus disease (COVID-19) pandemic a public health emergency of international concern on January 30, 2020. At least 213 countries and territories have been infected with the virus since its start in China. Shortages of labor and raw materials owing to the ongoing COVID-19 situation are expected to severely hamper the hybrid fabric market during the forecast period.
Hybrid Fabric Market Dynamics:
A balance of performance and cost drive the global hybrid fabric market. During the forecast period, the global hybrid fabric market is expected to benefit from increased demand for hybrid textiles in the automotive & transportation, sports & leisure, and wind energy industries. Increasing demand for hybrid fabrics is due to their ability to reduce product weight and improve toughness. During the forecast period, the global hybrid fabric market is expected to benefit from the penetration of hybrid textiles into fresh applications as well as an increase in demand for these fabrics in emerging markets.

For its diverse qualities such as lightweight, strength-to-weight ratio, low cost, ease of structure creation, and high strength, hybrid composite materials are used in many technical applications. Composites and hybrid composites are used in various interior and exterior applications in the automobile industry.
Hybrid Fabric Market Segment Analysis:
Based on the Fiber Type, the market is segmented into Glass/Carbon, Carbon/UHMWPE, Glass/Aramid, Carbon/Aramid, and Others. The glass/carbon fiber type segment is expected to hold the largest market share of xx% by 2029. Glass/carbon hybrid fabric is the most common variety utilized in the automotive and transportation industries, as well as wind energy. These are lightweight materials that help automobiles and wind blades to be lighter. During the forecast period, the market is expected to be driven by rising demand from the automotive & transportation, and wind energy end-use industries.

Based on the Application Form, the market is segmented into Composite Form, and Non-composite Form. The composite Form segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. A resin is utilized as a matrix with carbon, glass, natural, and aramid hybrid fabric in the composite form application. In the production of hybrid composites, resins are commonly used. Reinforcement materials for composites should have high modulus, high strength, high flexibility, high aspect ratio, and increased elasticity. Hybrid fabric is widely utilized in composite form to meet the needs of a variety of end-use industries, including aerospace and defense, automotive and transportation, wind energy, and others.

Based on the End-Use Industry, the market is segmented into Automotive & transportation, Aerospace & Defense, Wind Energy, Sports & Recreational, Consumer Goods, and Others. The Automotive & transportation segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. Fabrics made with more than one type of structural fiber are known as hybrid fabrics. Hybrid fabrics are commonly used in helmets and motorsport components, as well as interiors and exteriors in the automobile and aerospace industries. Because of its qualities, such as high tensile strength and Young’s modulus, resistance to chemicals, abrasion, fatigue, thermal, and electrical conductivity, hybrid fabrics are in great demand from a variety of end-user sectors.

Because of its high laminate and fiber strength, glass/carbon textiles are in high demand. Spare tire lining, seatbacks, and door panels are the most common uses for carbon/glass fabrics. These materials also have a high draping ability, which makes them excellent for vehicles. Components constructed of hybrid textiles in automobiles and airplanes help to reduce vehicle weight and enhance fuel efficiency.
Hybrid Fabric Market Regional Insights:
The Europe region is expected to dominate the Hybrid Fabric Market during the forecast period 2022-2029. The Europe region is expected to hold the largest market share of xx% by 2029. In the hybrid fabric market, the region is experiencing the most growth. In this region, the majority of automotive and aerospace component manufacturers are continually working on product innovation and the development of hybrid fabric products. To increase their market position, manufacturers across the region are employing a variety of growth techniques.

The objective of the report is to present a comprehensive analysis of the Global Hybrid Fabric Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Hybrid Fabric Market dynamic, and structure by analyzing the market segments and projecting the Global Hybrid Fabric Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Hybrid Fabric Market make the report investor’s guide.
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Global  Hybrid Fabric Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 265.08 Mn.


Forecast Period 2022 to 2029 CAGR:
16.3%
Market Size in 2029:
US $ 887.19 Mn.


 Segments Covered:
by Fiber Type
• Glass/Carbon
• Carbon/UHMWPE
• Glass/Aramid
• Carbon/Aramid
• Others


by Application Form
• Composite Form
• Non-composite Form


by End-Use Industry
• Automotive & transportation
• Aerospace & Defense
• Wind Energy
• Sports & Recreational
• Consumer Goods
• Others



Hybrid Fabric Market, by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Hybrid Fabric Market Key Players
• Hexcel Corporation
• Porcher Industries
• Kordsa
• SGL Carbon
• Gurit
• Exel Composites PLC
• Textum Inc.
• BGF Industries Inc.
• Hacotech GmbH
• Quantum Composites
• Devold Amt As
• Colan Australia
• Composite Fabrics of America
• Solvay S.A.
• Royal DSM N.V.
• Toray Industries, Inc.
• Fiberpreg GmbH
• ISOMATEX SA
• Arrow Technical Textiles Pvt. Ltd.

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Hybrid Fabric Market?
Ans. Europe is expected to hold the highest share in the Hybrid Fabric Market.

2] Who are the top key players in the Hybrid Fabric Market?
Ans. Hexcel Corporation, Porcher Industries, Kordsa, SGL Carbon, Gurit, and Exel Composites PLC are the top key players in the Hybrid Fabric Market.

3] Which segment is expected to hold the largest market share in the Hybrid Fabric Market by 2029?
Ans. The glass/Carbon fiber type segment is expected to hold the largest market share in the Hybrid Fabric Market by 2029.

4] What is the market size of the Hybrid Fabric Market by 2029?
Ans. The market size of the Hybrid Fabric Market is expected to reach US $ 887.19 Mn. by 2029.

5] What was the market size of the Hybrid Fabric Market in 2021?
Ans. The market size of the Hybrid Fabric Market was worth US $265.08 Mn. in 2021.