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Hybrid Fabrics Market 2019 By Industry Growth & Regional Forecast

Author : Rahul Varpe | Published Date : 2019-06-04 

Global Market Insights add New Hybrid Fabrics Market report provides in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region.

Rising automobile industry along with increasing focus of governments on renewable energy, especially in Asia Pacific, will propel hybrid fabrics demand by 2025. Climate change and increased use of fossil fuels has pushed the demand for renewable energy sources. Countries of Asia Pacific including India, China, Bangladesh etc. are looking for cost effective and environment friendly materials for its various industrial needs. Asia Pacific countries are investing heavily in wind and solar energy generation. Also, the region is home to high automobile demand, due to increased consumer spending of middle-class population.

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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.

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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.

Hybrid Fibers Market, By End User

  • Automotive
  • Aerospace & defense
  • Wind energy
  • Sports & recreational equipment
  • Others

Read More News @ https://www.marketwatch.com/press-release/recycled-thermoplastics-market-growth-analysis-forecast-report-2019-2024-2019-06-04

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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