Global Hybrid Fabrics Industry (2020 to 2027) - Key Market Trends and Drivers

DUBLIN, April 13, 2021 /PRNewswire/ -- The "Hybrid Fabrics - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Hybrid Fabrics estimated at US$223.5 Million in the year 2020, is projected to reach a revised size of US$614.5 Million by 2027, growing at a CAGR of 15.5% over the analysis period 2020-2027.

Glass / Carbon, one of the segments analyzed in the report, is projected to record a 15.9% CAGR and reach US$209.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Carbon / UHMWPE segment is readjusted to a revised 16.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $66.1 Million, While China is Forecast to Grow at 14.9% CAGR

The Hybrid Fabrics market in the U.S. is estimated at US$66.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$106.5 Million by the year 2027 trailing a CAGR of 14.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.8% and 13.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.4% CAGR.

Glass / Aramid Segment to Record 15.3% CAGR

In the global Glass / Aramid segment, USA, Canada, Japan, China and Europe will drive the 15.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$35.8 Million in the year 2020 will reach a projected size of US$95.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$73.6 Million by the year 2027.

Select Competitors (Total 45 Featured):

• Arrow Technical Textiles Pvt., Ltd
• BGF Industries, Inc.
• C. Cramer, Weberei, GmbH & Co., Kg
• Cit Composite Materials Italy
• Colan Australia
• Devold AMT
• Exel Composites Plc
• Gurit
• Hacotech GmbH
• Hexcel Corporation
• Quantum Composites
• Royal Dsm N.V
• SGL Group
• Solvay
• Textum, Inc

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

• UNITED STATES
• CANADA
• JAPAN
• CHINA
• EUROPE
• FRANCE
• GERMANY
• ITALY
• UNITED KINGDOM
• REST OF EUROPE
• ASIA-PACIFIC
• REST OF WORLD

IV. COMPETITION

• Total Companies Profiled: 45

For more information about this report visit https://www.researchandmarkets.com/r/dmprma

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SOURCE Research and Markets