Global Hybrid Fabrics Market Size By Product (Glass/Carbon, Glass/Aramid, Carbon/Aramid), By End-user (Automotive, Aerospace & Defense, Wind Energy, Sports & Recreational Equipment), Industry Analysis Report, Regional, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Published Date: May 2019 | Report ID: GMI3324 | Authors: Kiran Pulidindi, Hemant Pandey
Industry Trends
Global Hybrid Fabrics Market size was more than USD 225 million in 2018 and will witness 15% CAGR from 2019 to 2025. The growing demand for automobiles coupled with the increasing government participation in the development of renewable energy sector in Asia Pacific will boost the product demand during the assessment period.
Inclination towards conservation of fossils fuels across the globe has triggered the rampant growth in the renewable energy sector in the recent times. Wind energy sector has seen a tremendous surge lately – according to the Global Wind Energy Council, the cumulative installed wind capacity was 432,680 MW in 2015 and rose to 539,123 by the end of the 2017.
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This growing shift towards renewable energy alternatives is projected to positively influence the hybrid fabrics market demand owing to wide application in the rotor blades of wind turbines. Hybrid fabrics such as glass/carbon, glass/aramid are widely used as an alternative to pure carbon or glass fibers due to their ability to reduce weight by over 50% in the turbine blades.
With the ongoing stringent regulations regarding the use of synthetic fabrics, the manufacturers are likely to shift towards the use of natural fibers for hybrid fabrics market production. Moreover, the growing cost of raw materials such as carbon and glass fibers are making the producers curb the manufacturing cost with alternative natural substitutes such as cotton, wool and polyester fabrics. These raw materials are easily available and are cost effective. Thus, high cost of fibers used in hybrid fabrics shall obstruct industry growth by 2025.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2018 | Market Size in 2018: | 225 Million (USD) |
| Historical Data for: | 2014 to 2018 | Forecast Period: | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR: | 15% | 2025 Value Projection: | 400 Million (USD) |
| Pages: | 182 | Tables, Charts & Figures: | 397 |
| Geographies covered (20): | U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Indonesia, Australia, South Korea, Thailand, Brazil, Mexico, Saudi Arabia, South Africa, UAE | ||
| Segments covered: | Product, End-user and Region | ||
| Companies covered (16): | 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, Fiberpreg GmbH | ||
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Market, By Product
Carbon/glass segment accounted for the largest share in 2018 and will be growing with more than 14% CAGR during the forecast duration. Increasing product application in wind energy and automotive sector will be augmenting the global hybrid fabrics market revenue in the coming years. Carbon/glass hybrid fabrics are used for making noise insulation panels, dashboard, door panels, boot liner, seat backs, spare tire lining, etc. Many automotive companies are adopting these fabrics as this product offers high flexural properties with the highest compressive strength.
The use of carbon fibres in vehicles aids in reduction of vehicle weight to 40-60%. The global automobile production was over 70 million units in 2009 and surpassed 96 million units in 2017, this dynamic in automotive production is expected to increase in the coming years will subsequently propel the hybrid fabrics market.
Market, By End-user
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Aerospace & defense held close to 35% global share in 2018, in terms of volume. Hybrid fabrics finds its usage in aerospace industry mainly in applications that require lightweight and high strength products. These fabrics are widely used in the cabin components, rotor blades, avionics, tooling, brakes and brake lining among others.
The growing government spending in the aerospace industry coupled with the increasing modification of aircraft interiors shall positively drive hybrid fabrics market during the forecast period. Additionally, the use of hybrid fabrics in ballistic protection owing to its excellent temperature resistance and tensile strength shall further propel the market growth during the forecast period.
Market, By Region
The global hybrid fabrics industry players are concentrated mainly in Europe. Major players such as SGL Carbon, Gurit and Solvay have a wide presence in Europe and are projected to substantially contribute to the growth of the regional hybrid fibers market in the coming years. Europe accounted for over 25% share in 2018 and is projected to grow with average gains over the review period 2019-2025. Presence of key buyers such as Airbus is a major factor responsible for such massive product demand.
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Asia Pacific is anticipated to be one of the major regions adding to the demand for carbon-based hybrid fabric products owing to the robust growth in the automotive and industrial sector in the coming years. Moreover, the growing demand for energy efficient vehicles across to globe is anticipated to surge the use of carbon composites, which in turn will be accelerating the overall hybrid fabrics market during the forecast timeframe.
Competitive Market Share
Global hybrid fabrics market is highly competitive and has presence of various medium sized players. Hybrid fabrics is most supplied directly to the end-users; however, some companies also adopt other distribution modes such as online portals and exclusive retail outlets. Manufacturers such as SGL Group possess their own distribution channels whereas proficient players such as Gurit, Hexcel Corporation and Exel Composites Plc have distributors and sales offices in the major target markets through which the hybrid fabric products are distributed.
Industry Background
Hybrid fabrics also are industrial fabrics that consists of more than one type of structural fibers in its construction. These fibers are produced from wide variety of combinations of carbon, aramid, glass and other fibers. These fibers possess excellent weight to strength ratio and other excellent mechanical properties which makes them ideal for varied industrial applications. Carbon/glass hybrid fabrics possess excellent properties such as tensile strength, lightweight and thermal resistance among others which makes it ideal for the use in automobile components and wind turbine blades. The lightweight nature of the fabric is widely used as an alternative to steel in automobile industries.
Hybrid fabrics market report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in square meters and revenue in USD million from 2014 to 2025, for the following segments:
By Product
- Glass/carbon
- Automotive
- Aerospace & defense
- Wind energy
- Sports & recreational equipment
- Others
- Glass/aramid
- Automotive
- Aerospace & defense
- Wind energy
- Sports & recreational equipment
- Others
- Carbon/aramid
- Automotive
- Aerospace & defense
- Wind energy
- Sports & recreational equipment
- Others
- Others
- Automotive
- Aerospace & defense
- Wind energy
- Sports & recreational equipment
- Others
By End User
- Automotive
- Aerospace & defense
- Wind energy
- Sports & recreational equipment
- Others
The above information is provided on a regional and country basis for the following:
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- South Korea
- Thailand
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
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