Hybrid Fabric: Introduction
· The term ‘hybrid fabric’ refers to a fabric that has more than one type of structural fibers in its composition. In a multi-layered laminate, if properties of more than one type of fibers are required, it is possible to fulfill this with two fabrics, each containing the fiber type required.
· Hybrid fabrics are woven from different fibers such as a combination of carbon fibers and aramid yarns in varying proportions. Characteristics of different types of fibers complement one another. Hybrid fabrics offer low areal weight, cost savings, and high impact resistance.
· Hybrid fabrics are primarily differentiated from other fabrics on the basis of special technical functions that require specific performance properties such as high strength and durability and excellent resistance to heat, flames, and chemical agents
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Key Drivers of Hybrid Fabric Market
· Balance in cost and performance characteristics is a major factor driving the global hybrid fabric market. Rise in demand for hybrid fabrics in automotive & transportation, sports & recreation, and wind energy industries is expected to boost the global hybrid fabric market in the near future.
· Increase in demand for hybrid fabrics can be ascribed to the ability of these fabrics to lower the product weight and robustness. Penetration of hybrid fabrics in newer applications and rise in the demand for these fabrics in emerging markets are also projected to present lucrative opportunities to the global hybrid fabric market in the near future.
Hybrid Fabric Market: Segmentation
· In terms of fiber, the global hybrid fabric market can be segmented into glass/carbon, carbon/UHMWPE, glass/aramid, and carbon/aramid. Glass/carbon was the leading segment of the global hybrid fabric market in 2020. Glass/carbon hybrid fabrics are widely used in automotive & transportation and wind energy industries. Glass/carbon hybrid fabric is light in weight and helps lower the weight of vehicles and wind blades. Carbon fibers lead to high tensile compressive strength and stiffness. They reduce density, while glass decreases the cost.
· Based on application, the global hybrid fabric market can be bifurcated into composite and non-composite. The composite segment held major share of the global hybrid fabric market in 2020. A resin is used as matrix with carbon, glass, natural, and aramid hybrid fabrics in composites.
· In terms of end-use industry, the global hybrid fabric market can be divided into automotive & transportation, aerospace & defense, wind energy, sports & leisure, and others. Hybrid fibers can improve the ductility of sports equipment and components and make them better at absorbing vibrations. Hybrid fibers are also used in the manufacture of components and equipment used in motorsport, cycling, and sailing so that these equipment do not shatter in an accidents and maintain their structural integrity. This can improve the comfort and safety of people using them.
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COVID-19 Impact on Hybrid Fabric Market
· Emergence of the new COVID strain in many developed and developing countries has adversely affected the health care infrastructure. Hospital staff, medicines, oxygen beds, and ventilators are in short supply. Supply chains are facing disruptions, leading to disturbances in production activities in many countries. This is affecting the global hybrid fabric market.
· On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
· Shortage of labor due to the ongoing COVID-19 crisis and unavailability of raw materials are further expected to hamper the hybrid fabric market in the near future
Asia Pacific to Dominate Hybrid Fabric Market
· In terms of region, the global hybrid fabric market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
· Asia Pacific held key share of the global hybrid fabric market in 2020. Rise in demand for hybrid fabrics in major end-use industries, such as automotive, wind energy, and sports & leisure, is likely to drive the market in the region during the forecast period. Rapid growth of the aerospace & energy sector is also estimated to boost the hybrid fabric market in Asia Pacific in the next few years.
· Europe is projected to offer lucrative opportunities to the hybrid fabric market in the near future. Majority of automotive and aerospace component manufacturers in Europe are constantly engaged in product innovations and development of new hybrid fabric products.
· The U.S. is the leading market for hybrid fabrics in North America, due to significant presence of automotive, aerospace & defense, and sports companies in the country. The market in Middle East & Africa and Latin America is likely to expand at a steady pace during the forecast period, owing to high investment potential and strong growth of the automotive industry in these regions.
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Key Manufacturers Operating in Global Hybrid Fabric Market
· Hybrid fabric market is highly concentrated with leading manufacturers accounting for significant share
· In 2018, Exel Composites Plc signed an agreement to acquire Diversified Structural Composites, Inc. (‘DSC’). DSC’s product portfolio consists of carbon-fiber-reinforced and glass-fiber-reinforced composites that are produced particularly for the wind energy industry.
Some of the key players operating in the global hybrid fabric market are:
· Royal DSM N.V.
· SGL Carbon
· Gurit
· Hexcel Corporation
· Textum Inc.
· Toray Industries, Inc.
· ISOMATEX SA
· BGF Industries, Inc.
· HACOTECH GmbH
· Arrow Technical Textiles Pvt. Ltd.
Global Hybrid Fabric Market: Research Scope
Global Hybrid Fabric Market, by Fiber
· Glass/Carbon
· Carbon/UHMWPE
· Glass/Aramid
· Carbon/Aramid
Global Hybrid Fabric Market, by Application
· Composite
· Non-composite
Global Hybrid Fabric Market, by End-use Industry
· Automotive & Transportation
· Aerospace & Defense
· Wind Energy
· Sports & Leisure
· Others
Global Hybrid Fabric Market, by Region
· North America
o U.S.
o Canada
· Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Russia & CIS
o Rest of Europe
· Asia Pacific
o China
o India
o Japan
o ASEAN
o Rest of Asia Pacific
· Latin America
o Brazil
o Mexico
o Rest of Latin America
· Middle East & Africa
o GCC
o South Africa
o Rest of Middle East & Africa
The Hybrid Fabric market has been undergoing some remarkable growth dynamics, shaped increasingly by digital technologies and environmental sustainability concerns of product development. Over the decades, the feedstock variability and the onslaught of cheaper substitutes have squeezed in profit margins of the chemical and materials sector. On the other hand, the value chain of several businesses in the Hybrid Fabric market has undergone overhaul, increasingly rendering some aspiring players with greater control over the forces and demand. The penetration of Industry 4.0 in in the market has stirred game-changing trends for range of stakeholders in the overall chemicals and materials sector. Manufacturing and production environments of businesses in the Hybrid Fabric market are keen on formulating and implementing strategic frameworks that will turn them into digital enterprises.
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