Global Hybrid Fabrics Market Analysis

Global Hybrid Fabrics Market Analysis

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.

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.
 

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.
 

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.