Hybrid Fabrics Market Analysis

Hybrid Fabrics Market Analysis

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The carbon/aramid product segment will capture USD 411.3 million and demonstrate a 15.5% CAGR till 2032.  Increasing product application in wind energy and automotive sector will be augmenting the global hybrid fabrics market revenue in the coming years. Carbon/glass hybrid fabrics are used for making noise insulation panels, dashboard, door panels, boot liner, seat backs, spare tire lining, etc. Many automotive companies are adopting these fabrics as this product offers high flexural properties with the highest compressive strength.
 

The use of carbon fibres in vehicles aids in reduction of vehicle weight to 40-60%. Global automobile production was over 140 million units in 2022 and surpassed 143 million units in 2023, this dynamic in automotive production is expected to increase in the coming years will subsequently propel the hybrid fabrics industry.
 

The aerospace & defense segment held a 38.9% market share in 2023, amounting to USD 162.4 million, and is projected to grow at a 15.6% CAGR from 2024 to 2032. Hybrid fabrics finds its usage in aerospace industry mainly in applications that require lightweight and high strength products. These fabrics are widely used in the cabin components, rotor blades, avionics, tooling, brakes and brake lining among others.
 

The growing government spending in the aerospace industry coupled with the increasing modification of aircraft interiors shall positively drive market during the forecast period. Additionally, the use of hybrid fabrics in ballistic protection owing to its excellent temperature resistance and tensile strength shall further propel the market growth during the forecast period.
 

Asia Pacific hybrid fabrics market is projected to achieve USD 429 million, with a CAGR of 15.8% from 2024 to 2032. Asia Pacific is anticipated to be one of the major regions adding to the demand for carbon-based hybrid fabric products owing to the robust growth in the automotive and industrial sector in the coming years. Moreover, the growing demand for energy efficient vehicles across the globe is anticipated to surge the use of carbon composites, which in turn will be accelerating the overall market during the forecast timeframe.