Industry Background:
The global hybrid fabrics market is projected to witness significant growth over the forecast period due to stability in cost and performance characteristics and increasing demand from automotive industry. Hybrid fabrics are woven from an extensive variety of different fibers, like combinations of carbon fiber and aramid yarns in varying proportions in warp and weft. However, high technology costs regarding the manufacturing of hybrid fabric and a dearth of awareness related to hybrid fabric are the factors hampering the market.This growth is primarily driven by Stability in Cost and Performance Characteristics
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Square Meter |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Royal Dsm N.V (Netherlands), SGL Group (Germany), Gurit (Switzerland), Hexcel Corporation (United States), Exel Composites Plc (Finland), Solvay (Belgium), Textum Inc (United States), BGF Industries, Inc. (United States), Hacotech GmbH (Germany) and Quantum Composites (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2018, Exel Composites (Finland) acquired Diversified Structural Composites (USA). Diversified Structural Composites is a manufacturer of hybrid fabrics. It also makes hybrid composites using a hybrid fabric combination of glass and carbon. The acquisition helped Exel Composites strengthen its business in North America.
In October 2017, Solvay (Belgium) developed a new hybrid composite material. Composite is made from a combination of fibers namely carbon and glass. The resin used is polyarylamide. The development helped the company strengthen its presence in the hybrid composites market.Leading key players in the hybrid fabrics market are focusing on strategic partnerships, acquisition, and product developments to improve their products and services along with focusing on increasing their client base to strengthen their market position and enhance product & service offerings.
Influencing Trend:
Massive Preference for Hybrid Fabrics
Market Growth Drivers:
Stability in Cost and Performance Characteristics and Increasing Demand from Automotive Industry
Challenges:
Dearth of Awareness Related to Hybrid Fabric
Restraints:
High Technology Cost Regarding Manufacturing of Hybrid Fabric
Opportunities:
Rising Usage of Hybrid Fabric in Newer Applications and Increasing Demand from Emerging Markets
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Hybrid Fabrics Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Hybrid Fabrics Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Hybrid Fabrics players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hybrid Fabrics Study Sheds Light on
The Hybrid Fabrics Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hybrid Fabrics industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hybrid Fabrics industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.