Burgeoning Demand from Automotive Industry to Positively Impact Hybrid Fabric Market Revenue
Market Analysis The hybrid fabric market projected to touch USD 420 million at a 9.1% CAGR between 2020–2027, reveals the new Market Research Future (MRFR) report. A hybrid fabric, simply put, is a fabric that has the combination of Kevlar, yarn, and carbon in different proportions for warp and weft. Owing to its alluring features such as reduce cost, low aerial weights, and improved resistance, it is preferred over other fabrics and has wide applications in automotive and transportation, sporting and recreational, and other types of consumer goods industries. Numerous factors are adding to the hybrid fabric market demand. Such factors, as revealed by the latest MRFR report, include the growing demand for hybrid fabrics from sports and recreational industries, wind energy, automotive, and transportation industries, technological advances, its beneficial features such as robustness and ability to reduce item weight, and rising preference of hybrid fabric for changing fashion trend...