Hybrid Fabrics Market Demand to Hit $400Mn by 2025: Global Market Insights, Inc.
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Carbon/glass segment accounted for 30% share in global hybrid fabrics market share in 2018. Carbon/glass fabrics are mostly used in manufacturing of spare tire lining, seat backs, boot liner, door panels, etc. It also shows high draping ability, making it ideal for automotive manufacturers. Hybrid fabrics made components help in reducing vehicle weight and hence improves the fuel efficiency.
Aerospace & defense sector will hold majority share in hybrid fabrics market growth in the coming years. It shall grow with CAGR close to 14% over the forecast timeframe. The product renders low weight and high strength to aircraft components. Radomes, secondary structures (belly fairing or wing-to-body, leading parts, edges and flight control systems), nacelles and interior paneling systems are made using hybrid fabrics.
Browse key industry insights spread across 182 pages with 371 market data tables & 26 figures & charts from the report, "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 (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Indonesia, Australia, South Korea, Thailand, Brazil, Mexico, Saudi Arabia, South Africa, UAE), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hybrid-fabrics-market
Majority of industry players are mainly located in Europe. Companies such as Gurit, Solvay and SGL Carbon are largely present across Europe. They are likely to contribute significantly in fabrics business growth over the forecast period. In 2018, Europe accounted more than 25% in global hybrid fabrics market share and will grow prominently over the period of 2019-2025. Large number of automotive and defense machinery manufacturers are operating in various European countries. Sweden, France, Russia and U.K. are some of the largest defense equipment producers after the U.S. Furthermore, initiatives by European Union to curb vehicular emissions will propel hybrid fabric usage in vehicles due to its impressive weight to strength ratio.
The competition in global hybrid fabrics business is high with presence of large number of medium sized companies. However, companies including Solvay, Hexcel Corporation, BGF Industries Inc. held majority share in 2018 in hybrid fabrics market. The medium sized companies seek independent distributers to deliver their products to the market. On the other hand, companies such as Hexcel Corporation and Gurit possess distribution networks with offices in major regions around the globe.
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https://www.gminsights.com/industry-analysis/long-fiber-thermoplastics-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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