Press release
Hybrid Textile Market Projected to Reach USD 538.3 Million by 2031 Driven by Automotive and Aerospace Industry Demand
Hybrid Textile Market
According to the latest research by InsightAce Analytic, the Global Hybrid Textile Market is valued at US$ 305.2 Mn in 2023, and it is expected to reach US$ 538.3 Mn by 2031, with a CAGR of 7.7% during the forecast period of 2024-2031.
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Hybrid textiles, which combine various fabric groups with distinct dimensional properties, are increasingly used across a wide range of industries, including commercial, transportation, aviation, and defense sectors. These textiles offer several advantages over traditional materials, such as metals and conventional fabrics, by reducing overall weight while maintaining structural integrity. The market for hybrid textiles is projected to experience substantial growth, driven by the rising demand for these materials in response to stringent regulations regarding the use of synthetic substances. Governments worldwide are actively promoting the use of organic materials, further accelerating the production of hybrid textiles. Additionally, the unique properties of hybrid textiles, including enhanced flexibility, reduced weight, and improved durability of components such as turbine blades and automotive parts, are expected to further fuel market expansion.
List of Prominent Players in the Hybrid Textile Market:
• Royal Dsm N.V
• SGL Group
• Gurit
• Hexcel Corporation
• Exel Composites Plc
• Solvay
• Textum Inc
• BGF Industries, Inc.
• Hacotech GmbH
• Arrow Technical Textiles Pvt Ltd
• Quantum Composites
• C. Cramer, Weberei, GmbH & Co. Kg
• Devold AMT
• Colan Australia
• Cit Composite Materials Italy
• Quantumeta
• RTP Company
• G. Angeloni S.R.L.
• Fothergill Group
• Composite Fabrics of America (CFA)
• Texiglass Textile Industry and Trade
• Fiberpreg
• Plastic Reinforcement Fabric Ltd
• GRM Systems Ltd
• Caar Reinforcements Ltd
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Market Dynamics
Drivers:
The growing demand for hybrid textiles is primarily fueled by their increased adoption within the transportation and automotive industries. These materials are widely used in both interior and exterior automotive applications due to their lightweight nature and high strength. The rising popularity of compact vehicles, which offer improved energy efficiency, is also contributing to the growth of the market. Additionally, the heightened focus on reducing vehicle emissions to address environmental concerns is further driving the demand for hybrid textiles.
Challenges:
Despite their advantages, hybrid textiles face several challenges, including issues related to brittleness, extended curing times, non-recyclability of damaged components, and high moisture retention. Improper treatment of natural fibers or garment fabrics may lead to twisting and creasing, negatively impacting product durability. Furthermore, lower manufacturing temperatures may limit the use of matrix materials with moderate melting points, restricting their application range. Additionally, market growth may be hindered by supply chain disruptions, price volatility, and production challenges associated with complex logistics networks.
Regional Trends:
The Asia-Pacific region is expected to capture a significant share of the hybrid textile market, with strong growth projected in the coming years. This growth is driven by stringent manufacturing regulations and an increasing demand for lightweight, high-performance materials. In Europe, the market is also experiencing significant expansion, supported by ongoing advancements and innovations in hybrid textile technologies. The continued growth of the automotive sector, driven by rising vehicle demand, increasing disposable income, and urbanization, is further boosting market development in the region.
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Recent Developments:
• In May 2024, The Angeloni Group showcased their latest innovation, Stratos, a non-stitched multiaxial noncrimp fabric (NCF). Previously, Non-Crimp Fabrics (NCFs) consisted of numerous layers of fibres that were stacked at different angles and then sewn together. Stratos' layers, on the other hand, were bound by an unidentified adhesive, which the business asserted provided equivalent solidity to stitching.
Segmentation of Hybrid Textile Market-
By Fiber Type-
• Glass/Carbon
• Carbon/UHMWPE
• Glass/Aramid (Kevlar)
• Carbon/Aramid (Kevlar)
• Others
By Form-
• Composite Form
• Non-composite Form
By Application-
• Automotive Interiors
• Structural Components
• Concrete Reinforcement
• Sporting Goods
• Ballistic Protection
• Others
By End-Use-
• Automotive and Transportation
• Aerospace and Defense
• Wind Energy
• Sports and Recreational
• Consumer Goods
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
View Overview Report: https://www.insightaceanalytic.com/report/hybrid-textile-market/2703
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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