Global Hybrid Fabrics Market Size

Global Hybrid Fabrics Market Size

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.