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

Report Format: PDF   |   Pages: 182   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

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.


Hybrid Fabrics Market Outlook
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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.
 

Global Hybrid Fabrics Market Report Coverage
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:
  • Increasing automotive production in Asia Pacific
  • 2. Strong defense investments in the U.S.
  • 3. Growth in commercial airline industry
  • 3.5.1.4. Growing dependency on renewable energy sources
Pitfalls & Challenges:
  • High cost of production

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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

Hybrid Fabrics 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.
 

Hybrid Fabrics Market by Region

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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

 

Frequently Asked Questions (FAQ) :

The hybrid fabrics market is expected to witness a remuneration of $400 Million in 2025.
The hybrid fabrics market is poised to observe a crcr of 15% over 2019-2025.
The overall hybrid fabric market acquired a revenue share of $225 million in 2018.
As per estimates, hybrid fabric industry would account a CAGR of 15% through 2025.
The Global Wind Energy Council states that in 2017, cumulative installed wind capacity was 539,123 MW. Expanding wind sector will fuel hybrid fabrics demand, as it used in wind turbine rotor blade production since it helps lower blade weight by 50%.
These products will gain traction across Europe, driven by the presence of players such as Solvay and SGL Carbon. Europe held 25% market share in 2018.
Requirement of high strength and lightweight products in rotor blades, brake linings, brakes, avionics, cabin components, and tooling will increase product demand from aerospace & defense segment, that accounted for 35% revenue share in 2018.
The global automobile production surpassed 96 million units in 2017. Increasing automobile manufacturing will propel hybrid fabrics requirement, as carbon fibres are majorly used in vehicles to reduce vehicle weight to 40%-60%.
Carbon/glass product is likely to be preferred as it is used for manufacturing dashboards, boot liners, noise insulation panels, door panels, spare tire linings, seat backs, etc., in the wind energy & automotive sectors. Carbon/glass segment held the largest share in 2018 and may depict 14% CAGR through 2026.

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Premium Report Details

  • Published Date: May 2019
  • Pages: 182
  • Tables: 371
  • Charts / Figures: 26
  • Companies covered: 16
  • Countries covered: 20

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