Hybrid Fabric Market Report

Market Insights

“The hybrid fabric market size was US$ 284.4 Million in 2023 and is likely to grow at an impressive CAGR of 7% in the long run to reach US$ 531.8 Million in 2032.”

Market Dynamics

Introduction

Composite material is a fabric manufactured from two or more fiber or yarn types including carbon, glass, aramids, or natural fiber fabrics. This combination improves such characteristics as strength, flexibility, heat-shock resistance, and durability, which is the reason why hybrid construction fabrics are fit for usage in aerospace and automobile production, production of sports and construction materials. Thus, the possibility of achieving materials with a designed performance is achieved along with an optimum ratio of specific weight – mechanical strength.

Hybrid fabric market relates to the segment that concerns the manufacturing, sale, and usage of fabric made from two or more distinct fiber types including carbon, glass, aramids, or natural fibers. They are applied actively in aviation, automobile manufacturing, construction, sport industry, and wind power engineering because of higher performance characteristics such as high strength-to-weight ratio, wear resistance, and thermos stability. The market continues to experience steady growth due to a greater need for lightweight and high-performance materials; the development of new composite technologies; and broader utilization of hybrid reinforcements in the environmental, as well as high-tech industries.

Recent Market JV and Acquisition:

• Exel Composites (Finland) bought Diversified Structural Composites (US) in May of 2018. Diversified Structural Composites is a company that deals in hybrid fabric. It also produces automotive hybrid and carbon fabric laminates as well as glass and carbon hybrid fabrics. The acquisition has assisted Exel Composites to improve on its business experience in the North American market.
• Solvay a Belgian company established in October 2017 initiated the fabrication of a new hybrid composite material. The composite is made utilizing two fibers namely carbon and glass. This substrate is polyacrylamide resin and it has better stability than amorphous silica.

Segments Analysis

By Fiber Type

“Glass/carbon fiber is expected to remain the dominant type in the market during the forecast period”.

• The hybrid fabric market is segmented into glass/carbon, carbon/UHMWPE, glass/aramid, carbon/aramid, and others.
• The glasses and carbon fibers are highly strong and stiff but relatively lightweight; thus, they are most suitable for aerospace, automotive, and construction industries.
• Both glass and carbon fibers are highly durable and immune to light effects including heat, humidity, and chemicals that are so appropriate for long-bond products.
• The study demonstrates that glass fiber is slightly cheaper than other materials, such as aramid fibers, making the manufacturers’ position stronger with competitive advantages in the best level of performance.
• They can also be incorporated with other materials to form what is known as multiphase fibers, in which the mechanical properties and the functionalities of the fabric are all improved.
• The manufacturing capabilities for glass and carbon fiber composites are well developed hence supporting increased production rates among the firms.

By Application Form

“Composite form is expected to remain the dominant application form in the market during the forecast period”.

• The hybrid fabric market is segmented into composite form and non-composite form.
• Structures that incorporate hybrid fabric composites have greater mechanical characteristics like strength, stiffness, and fatigue strength compared to fabrics from single composite material ideal for aerospace, automotive, and construction industries.
• The strength to weight of composite material is high and, therefore, the use of composite material can be beneficial where weight is a critical factor such as car manufacturing and aircraft industry.
• These composite materials are stronger, stiffer, lighter in weight, and resistant to corrosion, moisture, and chemicals than most metals and therefore can serve longer under severe conditions.
• The need to have a hypermatrix composite form facilitates the design of mechanical, thermal, and electrical properties depending on the ratio of the hybrid fabrics to meet specific application challenges.

By End-use industry

“Automotive & transportation is expected to remain dominant end-use industry in the market during the forecast period”.

• The hybrid fabric market is segmented into automotive & transportation, aerospace & defense, wind energy, sports & recreational, consumer goods, and others.
• The automotive and transport industries have sharply emphasized weight reduction in automobiles to enhance efficiency. Said fabrics, particularly glass-carbon ones, are still preferred since they own an impressive specific strength-to-weight ratio.
• Governments and organizations are imposing stricter regulations on fuel efficiency and emissions. The hybrid fabrics apply to these standards by affording the makers lighter and stronger components for the vehicles hence lower fuel consumption and therefore low CO2 emissions.
• The blended yarns bring into focus the issues of performance and cost and are ideal for automotive and transportation parts mass production. Fabrics, especially those made from glass and carbon fibers, provide an ideal solution due to their excellent strength-to-weight ratio.

Regional Analysis

“Europe is expected to remain the largest market for hybrid fabric market during the forecast period”.

• Europe houses the largest automobile companies: Volkswagen, BMW, and Mercedes-Benz, which are heavily investing in hybrid materials such as hybrid fabric for better fuel efficiency, improved performance, and compliance with emissions regulations.
• This is perhaps one of the most stringent fuel-efficiency and CO2 emissions laws in Europe. Hybrid materials have been widely adopted in the automotive and transportation sectors to try to help meet these regulations by reducing vehicle weight and improving energy efficiency.
• Europe is an innovation hub for advanced materials, which finds the highest uses in the aerospace, automotive, and construction industries. The European companies are increasing investment in R&D to establish hybrid fabrics development and their commercialization.
• The European Union's focus on sustainability, along with financial incentives for adopting green technologies, is encouraging the use of hybrid fabrics. These materials contribute to more sustainable and energy-efficient products in key industries 

Key Players

The following are the key players in the hybrid fabric market.

Here is the list of the Top Players (Based on Dominance)

• Royal DSM N.V.
• SGL Group
• Gurit
•  Hexcel Corporation
•  Exel Composites
• Solvay
• Textum Inc.
• BGF Industries, Inc
• HACOTECH GmbH
•  Arrow Technical Textiles Pvt. Ltd.

Note: The above list does not necessarily include all the top players of the market.

Are you the leading player in this market? We would love to include your name. Write to us at [email protected]

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The global hybrid fabric market is segmented into the following categories. 

Hybrid Fabric Market, by Fiber Type

• Glass/Carbon (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Carbon/UHMWPE (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Glass/Aramid (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Carbon/Aramid (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Hybrid Fabric Market, by Application Form

• Composite Form (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Non-composite Form (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Hybrid Fabric Market, by Fiber Type

• Automotive & Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Sports & Recreational (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Hybrid Fabric Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s hybrid fabric market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

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