The Hybrid Textile Market Size is valued at USD 305.2 Mn in 2023 and is predicted to reach USD 538.3 Mn by the year 2031 at a 7.7% CAGR during the forecast period for 2024-2031.
Hybrid fabric originates from an assortment of conductive fibre types. Hybrid textiles are often made of polymeric and spinning fibres with reinforcing fibres, including rayon fibres and carbon fibres combined in variable amounts. Apart from possessing unique qualities, diverse fibre kinds also balance one another perfectly. These textiles lose some of their qualities because of their moisture uptake capacity, which weakens the link between the fibres and structure. Therefore, fiber-reinforced fabric can be employed in regions that need to minimize product exposure to water. With the aid of biological therapy, this fibre feature can be decreased, boosting demand for hybrid textiles. Fast progress in industrialization and urbanization, an increasing popularity of sportswear and fitness wear, an increasing quantity of financial flexibility among the general public, easy access to products through arranged retailers both online and offline, and major research and development (R&D) efforts constitute a few of the additional factors propelling the industry's growth.
However, the prohibitive price of hybrid fabric production alongside the elevated expenditure technologies will slow the marketplace's expansion. Utilizing hybrid textiles typically requires a substantial upfront expenditure on R&D, production facilities, and manufacturing, which may deter certain organizations. The absence of awareness and understanding among customers and sectors regarding the benefits and applications of these substances may be impeding the growth of the hybrid textile industry. Hybrid textile producers may find it challenging to follow stringent guidelines and regulations, especially those that deal with the security and preservation of the environment. Meeting these specifications could increase manufacturing expenses and restrict distribution.
Competitive Landscape
Some Major Key Players In The Hybrid Textile Materials Market:
- Royal Dsm N.V
- SGL Group
- Gurit
- Hexcel Corporation
- Exel Composites Plc
- Solvay
- Textum Inc
- BGF Industries, Inc.
- Hacotech GmbH
- Arrow Technical Textiles Pvt Ltd
- Quantum Composites
- Cramer, Weberei, GmbH & Co. Kg
- Devold AMT
- Colan Australia
- Cit Composite Materials Italy
- Quantumeta
- RTP Company
- Angeloni S.R.L.
- Fothergill Group
- Composite Fabrics of America (CFA)
- Texiglass Textile Industry and Trade
- Fiberpreg
- Plastic Reinforcement Fabric Ltd
- GRM Systems Ltd
- Caar Reinforcements Ltd
- Other Market Players
Market Segmentation:
The hybrid textile market is segmented based on fibre type, form, application, and end-user. Based on fibre type, the market is segmented into glass/carbon, carbon/UHMWPE, glass/aramid (Kevlar), carbon/aramid (Kevlar), and others. By form, the market is segmented into composite form and non-composite form. As per the application, the market is segmented into automotive interiors, structural components, concrete reinforcement, sporting goods, ballistic protection, and others. By end-use, the market is categorized into automotive and transportation, aerospace and defence, wind energy, sports and recreational, consumer goods, and others.
Based On The Fiber Type, The Glass/Carbon Hybrid Textile Market Segment Is Accounted As A Major Contributor To The Hybrid Textile Market
The glass/carbon hybrid textile market is expected to lead with a global market share in 2023. Glass/carbon textiles are highly sought after due to their superior lamination and fibre durability. The most popular applications for carbon/glass fabrics are entrance sections, seatbacks, and spare exhaust covering. Additionally, these materials drape well, making them perfect for automobiles.
Aerospace And Defense Segment To Witness Growth At A Rapid Rate
The aerospace and defence industries make up the bulk of hybrid textiles because government expenditure in the aviation and defence sectors has increased. The demand for hybrid materials is growing because authorities are investing a lot of money in modernizing military and business aeroplanes.
In The Region, The North American Hybrid Textile Market Holds A Significant Revenue Share.
The Asia Pacific hybrid textile market is expected to report the highest market revenue share in the near future. This can be attributed to the expanding need for both passenger and commercial cars in the sector. Moreover, new opportunities for market expansion are anticipated as a result of the region's concentration on the advancement of clean energy sources. In addition, Europe is likely to grow rapidly in the global hybrid textile market due to the changing fashion for portable, highly elastic materials in automobiles.
Recent Developments:
- In May 2024, The Angeloni Group showcased their latest innovation, Stratos, a non-stitched multiaxial noncrimp fabric (NCF). Previously, Non-Crimp Fabrics (NCFs) consisted of numerous layers of fibres that were stacked at different angles and then sewn together. Stratos' layers, on the other hand, were bound by an unidentified adhesive, which the business asserted provided equivalent solidity to stitching.
Hybrid Textile Materials Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 305.2 Mn |
|
Revenue Forecast In 2031 |
USD 538.3 Mn |
|
Growth Rate CAGR |
CAGR of 7.7% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, Form, Application and End-Use |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Royal DSM N.V. (Netherlands), SGL Group (Germany), Gurit (Switzerland), Hexcel Corporation (US), Exel Composites (Finland), Solvay (Belgium), Textum Inc. (US), BGF Industries, Inc (USA), HACOTECH GmbH (Germany), and Arrow Technical Textiles Pvt. Ltd. (India) |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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