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Hybrid Fabric Market to grow at 16.0% CAGR during 2019-2024 | Global Major Manufacturers, Production and Sales Market Comparison
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The Hybrid Fabric Market size is estimated at US$ 197 Million in 2019 and is projected to reach US$ 415 Million by 2024, at a CAGR of 16.0% between 2019 and 2024. Hybrid fabric offers various benefits such as non-corrosiveness, high stiffness, non-conductivity, flexibility, low maintenance, durability, design flexibility, and cost saving. Owing to these properties, hybrid fabric is used in various end-use industries such as aerospace & defence, automotive & transportation, sporting & recreational, wind energy, and consumer goods.
”The composite application form segment is projected to dominate the hybrid fabric market, between 2019 and 2024.’’
Hybrid Fabric Market is segmented into two application forms, namely, composite form and non-composite form. In the composite application form, a resin is used as a matrix with carbon, glass, natural, and aramid hybrid fabric. For reinforcement material to be used in composites, these reinforcements should possess properties such as high modulus, high strength, high flexibility, high aspect ratio, and higher elasticity.
”The hybrid fabric market in APAC is projected to register the highest CAGR, in terms of value and volume, between 2019 and 2024.’’
Hybrid Fabric Market in APAC is projected to register the highest CAGR during the forecast period, in terms of value and volume. This growth can be attributed to the increasing demand from the automotive & transportation, wind energy, sports & recreational, and consumer goods end-use industries. The increasing focus toward large automotive manufacturing is a key factor that is helping the market grow in the region. Europe holds the largest market share in the hybrid fabric market.
Breakdown of primary interviews for the report on the hybrid fabric market:
• By Company Type: Tier 1- 37%, Tier 2- 42%, and Tier 3-21%
• By Designation: C level - 30%, Director level - 25%, and Others- 45%
• By Region: Europe - 40%, APAC -27%,North America - 20%, Latin America - 7%, and MEA- 6%
The Study Objectives of this report are:
• To analyze significant regional trends in the Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa (MEA) along with specific trends in their major countries
• To define, describe, and forecast the hybrid fabric market, in terms of value and volume
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
• To identify and estimate the hybrid fabric market on the basis of fiber type, application form, and end-use industry
• To analyze the market opportunities and provide a competitive landscape for stakeholders and market leaders
• To analyze recent developments, such as new product development and acquisition in the hybrid fabric market
• To strategically profile key market players and analyze their core competencies
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Top Key Players in the “Hybrid Fabric Market” include are 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).
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