The growth of the market is governed by various factors such as growing demand from automotive industries and stringent government regulations
The Carbon Hybrid Fabric Market is expected to reach USD 564.8 Million by 2026, according to a new report by Reports and Data. The Carbon Hybrid Fabric Market is anticipated to show robust growth during the forecast period. The key factors driving the market are the ability to balance cost and performance characteristics tend to stimulate the market globally.
Carbon Hybrid Fabrics are distinguished mainly from other fabrics based on specific technical functions that need particular performance characteristics such as high durability and stability and exceptional resistance to flames, heat, and chemical agents. Carbon Hybrid Fabric offers several benefits such as high stiffness, non-corrosiveness, flexibility, design flexibility, non-conductivity, low maintenance, strength, and cost-saving. Due to these features, the Carbon Hybrid Fabric is used in several end-use industries such as automotive transportation, aerospace defense, sporting wind energy, recreational, and consumer goods. The balance in cost and performance provided by the Carbon Hybrid Fabric is a significant factor propelling this market.
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Further key findings from the report suggest:
The Key players in the Carbon Hybrid Fabric Market include: Exel Composites Plc, BGF Industries, Inc., Arrow Technical Textiles Pvt Ltd, Weberei, C. Cramer, GmbH Co. Kg, Cit Composite Materials Italy, Caar Reinforcements Ltd, Composite Fabrics of America (CFA), Colan Australia, Devold AMT, Fiberpreg, Fothergill Group, G. Angeloni S.R.L., GRM Systems Ltd, Plastic Reinforcement Fabric Ltd, Hexcel Corporation, Quantum Composites, Royal Dsm N.V, SGL Group, Solvay
The Carbon Hybrid Fabric Market is estimated to reach USD 564.8 Million by 2026, at a CAGR of 15.9% during the forecast period.
The glass/carbon Carbon Hybrid Fabric accounts for the largest share of 36.7% of the market in 2018.
Carbon/glass fabrics are often used in the manufacturing of spare seatbacks, door panels, tire lining, boot liner, among others. It also shows high draping capacity, making it perfect for automotive manufacturers. Carbon Hybrid Fabrics made components help in decreasing vehicle weight and hence increases fuel efficiency.
The composite application segment is anticipated to grow at a higher rate of 15.9% during the forecast period.
The automotive and transportation end user accounts for the largest share of 27.3% of the market in 2018.
The European market accounts for the largest market share of 26.2% of the market in 2018 and is expected to provide lucrative growth towards the global market, due to the presence of prominent automotive and aerospace defense equipment manufacturers leading massive demand for Carbon Hybrid Fabrics in the region.
Various players are developing strategies to mark their presence in the industry.
Technological advancements and developing policy actions could further improve the value of prospective electric vehicle buyers. Influencing metropolitan EV markets tend to have consumer subventions, public charging infrastructure, and other reasons that would drive the need for electric vehicle manufacturing, further spurring the development of Carbon Hybrid Fabrics industry over the forecasted period. Toyota Prius was the highest-selling hybrid electric vehicle in the U.S. which had sold nearly 1,643,000 units since the year 2000 through April 2016.
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Market Segmentation:
Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
- Glass/Carbon Carbon Hybrid Fabric
- Carbon/Uhmwpe Carbon Hybrid Fabric
- Glass/Aramid(Kevlar) Carbon Hybrid Fabric
- Carbon/Aramid(Kevlar) Carbon Hybrid Fabric
- Others
Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
- Composite Form
- Non-Composite Form
End User Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
- Automotive Transportation
- Aerospace Defense
- Sports Recreational
- Consumer Goods
- Others
Regional Outlook:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key questions covered in the global Carbon Hybrid Fabric Market report:
- What is the expected market size of the global Carbon Hybrid Fabric Market during the forecast period?
- What factors are expected to hamper global Carbon Hybrid Fabric Market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Carbon Hybrid Fabric Market?
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