Hybrid Fabric Market 2021 Share Growing Rapidly with Recent Trends, Development, Revenue, Demand and Forecast to 2027
Market Overview: The Hybrid Fabric is the type of fabrics that consist more than one type of structural fiber. These are the specialty fibers are mainly manufactured by using different combinations of carbon, aramid, glass and other high-strength fibers in the form of layers. Such fabrics are primarily differentiated from the other fibers and fabrics on the basis of the special technical functions that require specific performance properties such as high strength and durability, excellent resistance to heat, flame and chemical agents. Some of the major consumers of this product are automotive, aerospace & defense industry and energy and transportation sector. The Global Hybrid Fabric Market is estimated to grow at a healthy CAGR of more than 15% to reach over USD 450 million in 2023. This is mainly attributed to the growing demand from major end-use industries namely automotive, aerospace & defense, and wind energy. For instance, the global market for core materials for ae