Sarasota, FL -- (SBWIRE) -- 04/16/2019 -- Global Hybrid Fabric Market: Overview
Hybrid fabrics are woven from myriad kinds of fibers including combinations of carbon fiber and aramid yarns in different proportions in warp and weft. They are mainly differentiated from other textiles due to their low areal weights, cost reduction, and high impact resistance along with a combination of possibilities and striking patterns.
Global Hybrid Fabric Market: Growth Factors
Escalating demand for the product in automotive & transport, sports & recreation, and wind energy industries will accelerate the growth of hybrid fabric market in the years ahead. In addition, massive preference for hybrid fabrics as a result of its beneficial features such as ability to reduce item weight and robustness will contribute notably towards the hybrid fabric market revenue in the foreseeable future. Growing use of hybrid fabrics in countries such as the U.S., Brazil, Japan, China, and Germany will augment hybrid fabric market demand. Furthermore, technological advances in hybrid fabric materials are likely to boost their applications in the downstream markets and this will further expand the business scope. The leading companies have recently invested immensely in raising their production capacities and commenced adoption of other strategies to fulfill the escalating demand for hybrid fabric. A plethora of applications of the product in myriad sectors along with the massive preference for these fabrics as a result of changing lifestyles and fashion trends in clothing will augment the market size.
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Global Hybrid Fabric Market: Segmentation
The global hybrid fabric market can be divided into the fiber, application form, and end-use. Based on the fiber, the market is sectored into glass/carbon, carbon/aramid, carbon/uhmwpe, and glass/aramid. On the basis of the application form, the market is segmented into composite and non-composite. End-use wise, the market is divided into automotive & transportation, wind energy, and aerospace & defense.
Global Hybrid Fabric Market: Regional Analysis
Based on regions, the global hybrid fabric market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The European market is anticipated to contribute lucratively towards the global market growth, owing to the presence of key automotive and aerospace & defense equipment manufacturers resulting in humungous demand for hybrid fabrics in the region. Additionally, the large-scale presence of key participants offering hybrid fabric for aerospace & defense as well as automotive & transport firms will further boost the hybrid fabric market trends.
North American market is slated to witness a lucrative growth over the forthcoming years, subject to constant product innovations and development of new hybrid fabric products in the region. In addition, manufacturers in the region are coining new business strategies to reinforce their market position.
The Asia Pacific and Latin American markets are projected to experience tremendous growth in the years ahead.
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Global Hybrid Fabric Market: Competitive Players
Some of the major players operating in hybrid fabric market include Royal DSM N.V. (Netherlands), SGL Group (Germany), Gurit (Switzerland), Hexcel Corporation (US), Exel Composites (Finland), Solvay (Belgium), Textum Inc. (US), BGF Industries, Inc. (US), HACOTECH GmbH (Germany), and Arrow Technical Textiles Pvt. Ltd. (India).
Global Hybrid Fabric Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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