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Automobile, military to drive hybrid fabrics market: study
20 Jun '19
2 min read
Pic: Global Market insights
Growth in automobile industry, rise in military spending and increasing focus of governments on renewable energy, especially in the Asia-Pacific, will propel hybrid fabrics demand by 2025, says a new research report by Global Market Insights. High cost associated with aramid and carbon fibres, however, shall hamper industry growth over the forecast timeframe.
The aerospace and defense sectors will hold majority share in hybrid fabrics market growth in the coming years. It shall grow with a compound annual growth rate (CAGR) of around 14 per cent over the forecast timeframe.
Asia-Pacific countries, including India, China and Bangladesh, are looking for cost-effective and environment-friendly materials for various industrial needs. They are heavily are investing in wind and solar energy generation. The region also has a high demand for automobiles due to increased consumer spending of its middle-class population, says the report.
Hybrid fabrics are extensively used in automobiles as it makes the automotive parts light weight and enhances their aesthetics. Hybrid fabrics are also used in production of various kinds of aerospace and defense equipment.
Carbon/glass segment accounted for 30 per cent share in global hybrid fabrics market in 2018, according to a press release from the company.
Carbon/glass fabrics are mostly used in manufacturing of spare tire lining, seat backs, boot liner and door panels. It also shows high draping ability, making it ideal for automotive manufacturers. Components made from hybrid fabrics help in reducing vehicle weight and hence improves the fuel efficiency.
Hybrid fabrics render low weight and high strength to aircraft components. Radomes, secondary structures (belly fairing or wing-to-body, leading parts, edges and flight control systems), nacelles and interior paneling systems are made using hybrid fabrics.
In 2018, Europe, which hosts the majority of companies in this sector, accounted for more than 25 per cent of the global hybrid fabrics market and will grow prominently over the forecast period, the report adds. (DS)
The aerospace and defense sectors will hold majority share in hybrid fabrics market growth in the coming years. It shall grow with a compound annual growth rate (CAGR) of around 14 per cent over the forecast timeframe.
Asia-Pacific countries, including India, China and Bangladesh, are looking for cost-effective and environment-friendly materials for various industrial needs. They are heavily are investing in wind and solar energy generation. The region also has a high demand for automobiles due to increased consumer spending of its middle-class population, says the report.
Hybrid fabrics are extensively used in automobiles as it makes the automotive parts light weight and enhances their aesthetics. Hybrid fabrics are also used in production of various kinds of aerospace and defense equipment.
Carbon/glass segment accounted for 30 per cent share in global hybrid fabrics market in 2018, according to a press release from the company.
Carbon/glass fabrics are mostly used in manufacturing of spare tire lining, seat backs, boot liner and door panels. It also shows high draping ability, making it ideal for automotive manufacturers. Components made from hybrid fabrics help in reducing vehicle weight and hence improves the fuel efficiency.
Hybrid fabrics render low weight and high strength to aircraft components. Radomes, secondary structures (belly fairing or wing-to-body, leading parts, edges and flight control systems), nacelles and interior paneling systems are made using hybrid fabrics.
In 2018, Europe, which hosts the majority of companies in this sector, accounted for more than 25 per cent of the global hybrid fabrics market and will grow prominently over the forecast period, the report adds. (DS)
Fibre2Fashion News Desk – India
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