Hybrid Fabrics Market Size, Share, Trend, Business Opportunities, Competitor Strategies, Growth Potential 2027
Allied Market Research published a report, titled, "Hybrid Fabrics Market by Fiber Type (Glass/Carbon, Carbon/ Uhmwpe , Glass/Aramid, Carbon/Aramid, and Others) and Application (Automotive, Aerospace & Defense, Wind Energy, Sports & Recreational Equipment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027" . T he global hybrid fabrics market garnered $213.4 million in 2019, and is projected to reach $418.0 million by 2027, growing at a CAGR of 9.0% from 2020 to 2027. Prime determinants of the market- Growing importance of lightweight fabrics, surge in application in automotive and aircraft, and low emission norms across the globe are the major factors that propel the growth of the global hybrid fabrics market. Nevertheless, the high cost of carbon/aramid and availability of low cost alternatives curtail down the market growth. However, rising application of hybrid fabrics in wind turbine is anticipated to create new opportun...