- Carbon/Aramid(Kevlar) Hybrid Fabric
- Carbon/Uhmwpe Hybrid Fabric
- Glass/Aramid(Kevlar) Hybrid Fabric
- Glass/Carbon Hybrid Fabric
- Others
Hybrid Fabric Market size was valued at USD 228.5 million in 2022 and is poised to grow at a CAGR of 16% from 2023 to 2029. Key drivers for the market growth include increasing demand for light-weight materials in modern automobiles, huge demand from end user industries, increasing government participation in the development of renewable energy and high growth in emerging economies. However, lack of awareness and high cost of raw materials are restricting the market growth. The key raw materials used in hybrid fabrics are carbon and glass fibers. The use of alternative natural substitutes such as cotton, wool and polyester fabrics and these raw materials are easily available and are cost effective. Also, there is a high manufacturing cost and labor intensive manufacturing process which may further hamper the hybrid fabric market. The report studies global hybrid fabric market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global hybrid fabric market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global hybrid fabric market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
Advanced materials are essential for boosting the economy of modern automobiles while maintaining safety and performance. Because it takes less energy to accelerate a lighter object than a heavier one, lightweight materials offer great potential for increasing vehicle efficiency. Research and development into lightweight materials is essential for lowering their cost, increasing their ability to be recycled, enabling their integration into vehicles, and maximizing their fuel economy benefits. Hybrid fabrics are extensively used in automobiles as it makes the automotive parts light weight and enhances their aesthetics. Hybrid fabrics are also used in production of various kinds of aerospace and defense equipment. Hence, technological advancements are fueling the market growth.
The hybrid fabric market size was valued at USD 228.5 million in 2022
Increasing Applications for Carbon Fiber Fabrics
Europe is the fastest-growing for hybrid fabric market
Table of Content