Global Hybrid Fabrics Market to Reach $1.6 Billion by 2030
The global market for Hybrid Fabrics estimated at US$508.7 Million in the year 2023, is expected to reach US$1.6 Billion by 2030, growing at a CAGR of 17.4% over the analysis period 2023-2030. Glass / Carbon Fiber Fabrics, one of the segments analyzed in the report, is expected to record a 17.8% CAGR and reach US$541.2 Million by the end of the analysis period. Growth in the Carbon / UHMWPE Fiber Fabrics segment is estimated at 18.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $156.1 Million, While China is Forecast to Grow at 16.6% CAGR
The Hybrid Fabrics market in the U.S. is estimated at US$156.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$265.2 Million by the year 2030 trailing a CAGR of 16.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.4% and 14.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 12.8% CAGR.
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