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△■○,Supporting Gift Of SEAQUAL YARN Drawstring Backpack, 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▽☆,seaqual mattress 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)▽◇◁■,lingerie fabric nacelles and interior paneling systems are made using hybrid fabrics-△◆.
In 2018▽◆▪□, Europe◁□-…●, which hosts the majority of companies in this sector•☆▼▲,bci certification 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)