The hybrid fabrics market is expected to reach $418 million by 2027, representing a 9 percent CAGR (compound annual growth rate) growth from 2020 to 2027, according to a new study by Allied Market Research. Growth is primarily driven by the increasing success of lightweight fabrics, a surge in applications in the aircraft and automotive industries, and the multiplication of low emission norms all over the world. Meanwhile, market growth is curtailed by the high cost of carbon/aramid and the availability of low cost alternatives, said experts. By fiber type, the glass/carbon segment currently represents the largest market share (nearly two-fifths in 2019), and is estimated to maintain its lead status in the 2020-2027 period. The carbon/UHMWPE segment is expected to register the highest growth and a CAGR evolution of 11.4 percent from 2020 to 2027. By region, the Asia-Pacific is estimated to manifest the highest growth, with a CAGR increase of 11.6 percent, in the forecast period. Europe currently holds the largest share of the global hybrid fabric market, followed by North America.
Related articles
-
News briefsDeckers creates role of President of Global Marketplace
US company Deckers Brands, owner of a portfolio of brands including Ugg, Koolaburra, Hoka, Teva, Sanuk and Ahnu brands, has promoted Marco Ellerker to the newly created role of President of Global Marketplace, effective Aug. 1, 2024. Ellerker has served in various operational roles at Deckers since 2017, most recently ...
-
ArticleStrong demand for travel packs should bolster Osprey sales in EMEA, APAC
Osprey parent Helen of Troy reported 5.4 percent Q4 sales growth for its Home and Outdoor segment to $223.3 million. Segment revenues were sparked by higher sales in the brick-and-mortar and club channels, higher insulated beverageware sales from its Hydro Flex business, and international growth led by strong demand for ...
-
ArticlePerformance textiles: next-generation materials
Sportswear Design Expert Alexa Dehmel introduces you to the next-generation materials you have to know.
More from Market Statistics
-
News briefsSports fishing equipment market to accelerate at 4% CAGR by 2028
The global sports fishing equipment market is projected to grow by $3.25 billion between 2024 and 2028, namely a 3.97 percent compound annual growth rate (CAGR) during the forecast period, according to a recent report by research and advisory firm Technavio. The growth year-over-year from 2022 to 2023 was 3.25 ...
-
ArticleTrail running shoe market to post 5.5% CAGR by 2032, says new report
The global trail running shoe market is estimated to reach $12.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.5 percent from 2023 to 2032, according to a new report by Allied Market Research. According to the study, the increasing popularity of outdoor fitness activities and ...
-
ArticleThe Russian outdoor goods industry is preparing to replace imports
Russian players in the outdoor goods market believe the mass exodus of Western brands from the country provided local industry ample growth opportunities. Although exports no longer seem to be in the cards and manufacturers complain about inconsistent state support policy, the potential to plug the gap in the internal ...