Global Hybrid Composites Market Overview

Global Hybrid Composites Market was valued at USD 663.10 Million in 2021 and is expected to reach USD 1,763.86 Million by the year 2028, at a CAGR of 15%.

Hybrid composites are materials made by combining two or more fibre types into a single matrix. Hybrid composites are more advanced than fiber-supported composites and can be utilized in a wide range of applications. The performance of hybrid composites is a weighted sum of the individual parts, with a better balance of intrinsic advantages and disadvantages. One type of fiber's advantages may be able to compensate for aspects that are lacking in other hybrid composite materials. As a result, decent material design can help to achieve a cost-performance balance.

The properties of a hybrid composite are affected by the orientation of the fibers, their content and length, the layering patterns of the two fibers, their intermingling capacities, the fiber-to-matrix interface, and the failure strain of single fibers. In the manufacturing of automotive and aerospace parts, hybrid composite materials are essential. Due to increased concerns about fuel consumption and CO2 emissions, manufacturers have been compelled to use these materials as metal component substitutes. This will also aid in the expansion of the hybrid composite market. Technological advancements that shorten the manufacturing cycle time are projected to stimulate product demand in the automobile sector.

Covid-19 Impact On Hybrid Composites Market

The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols range from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. Due to restrictions on transportation, there was a shortage of raw materials required for the synthesis of hybrid composites. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Hybrid Composites Market experienced sluggish growth during the pandemic, however, the market is expected to bounce back as restrictions are being lifted by governments across the globe.

Market Dynamics And Key Factors For Hybrid Composites Market

Drivers:

The lightweight structure is one of the keys to improving fuel efficiency and lowering the environmental impact of vehicles (automotive and rail). Fiber-reinforced polymer matrix (FRP) composites have significant advantages in terms of reducing vehicle weight, improving damage, corrosion resistance, internal damping, and consolidating the parts required by traditional metal component manufacturing. The automobile industry is one of the world's largest. According to Statista, global car sales will reach approximately 66.7 million units in 2021, up from approximately 63.8 million units in 2020. In addition, it also stated that China had the highest sales of cars in 2020 at 19.8 million units. An increase in the number of vehicles may increase GHG emissions. Hybrid composites in automobiles can drastically lower emissions, ultimately supporting the market's growth over the estimated timeframe.

The aerospace and marine industries are also incorporating hybrid composites into the design of passenger planes and ships. When compared to traditional processing techniques, hybrid composites offer improved mechanical properties, potential cost savings, and overall amenability. The aerospace and marine industries are utilizing innovative technology to produce composites with lower weight, higher specific strength, high stiffness, and corrosion resistance, particularly in extreme conditions. Similarly, the usage of hybrid composites in construction, electronic, and wind power generation is expected to support the growth of the market in the forecasted timeframe.

Restraints:

Although hybrid composites have several advantages, issues such as high material costs, slow production rates, low recyclability, and the automotive industry's lack of experience with composite materials limit the widespread use of composites in primary vehicle structures. Manufacturing automotive parts from hybrid composites is a lengthy process that includes curing. The curing process requires the use of energy to cross-link or melt the polymer matrix, as well as pressure to consolidate the required composite. The usage of energy raises production costs as well as the emission of harmful gases, hampering the growth of the hybrid composite marker during the forecast period.

Opportunities:

Hybrid composites are made up of several materials such as carbon fiber, glass fiber, wood-plastic fiber, and many others. These are made by intertwining their fiber components into one another resulting in the production of high-quality material that is durable to heat and water. These materials are widely being utilized in the production of components that are incorporated in automobiles, turbine blades, and paints. The growing awareness among individuals about global warming has led to the development of materials that can replace traditional products thereby, reducing pollution. An increase in R&D activities along with support from government organizations will create a lucrative opportunity for market players.

Market Segmentation

Segmentation Analysis of Hybrid Composites Market:

By Fiber Type, the carbon/glass segment is anticipated to have the highest share of the hybrid composites market over the forecast period. Carbon/glass fiber reinforcements are the most commonly used in polymer matrix composites. It is estimated that using glass fiber reinforced polymer matrix (GFRP) composites as structural components could result in a 20% - 35% reduction in vehicle weight. The use of GFRP in automobiles can boost the tensile strength of the vehicle's skeleton at no extra cost. These are also being utilized in the production of blades for wind turbines as they are lightweight and can be easily installed. GFRP is anticipated to generate the highest revenue as compared to other segments, attributed to the growing offshore wind energy and the automobile industry.

By Resin Type, the epoxy segment is forecasted to lead the growth of the hybrid composite market due to their benefits such as wide range of material properties, high mechanical properties, ease of processing, little shrinkage after cure, and strong adherence to various types of fibers. These materials are less affected by water and heat than other polymeric matrices and have good corrosion resistance. Furthermore, due to their low viscosity, they are useful in the construction of various reinforcing materials. Epoxy resins are also utilized to paint the outer blades and the automobile parts made of GFRP or any other material. The growing usage of epoxy resins in hybrid composites is propelling the growth of this segment.

By End-User Industry, the automotive & transportation segment is set to record the highest growth over the projected timeframe. There has been a rapid evolution in the automobile industry, even though the high consumption of fuel has been a cause of concern. Hybrid composites can be utilized to manufacture automobile parts thus, significantly reducing the weight of the vehicle. Reduction in weight results in lesser consumption of fuel, lesser spending, and reduction in emission of GHGs. Hybrid composited also imparts tensile strength and increases its durability thereby, driving the growth of the segment.

Regional Analysis of Hybrid Composites Market:

The North American region is anticipated to dominate the hybrid composites market growth during the forecasted period. The demand for lightweight materials in the automotive and aerospace industries is driving the market in the United States. The major contributors to the regional market are carbon/glass and carbon/aramid. Over the forecast period, capacity expansions and steady growth in the automotive and aerospace industries are likely to boost the market growth. The most common application of hybrid composites is in commercial aircraft. Unlike other vehicles, aircraft must place a higher emphasis on safety and weight. They're made possible by using high-specific-property materials like glass and carbon-reinforced hybrid composites. The growing usage of hybrid composites in the aerospace and automobile industry are the two important factors propelling the expansion of the market in this region.

The hybrid composites market in the Asia-Pacific region is anticipated to develop at the highest CAGR during the projected timeframe. Residential and commercial building investments are growing strong in the Asia-Pacific region, particularly in China, Japan, Taiwan, and South Korea, as well as in developing economies such as India, Malaysia, Indonesia, and Vietnam. All of these factors will be aided by the region's rapidly growing population, urbanization, and rise in disposable income. Many regions in Asia-Pacific are now implementing VOC emission regulations, which may drive the use of cement boards such as fiber cement boards (FCB) and cement-bonded particleboard (CBPB). Governments in this region are acknowledging the beneficial effects of hybrid composited in the construction industry thereby, supporting the growth of the market in this region.

The hybrid composites market in the European region is estimated to develop at a substantial growth rate attributed to the growing automobile and construction industry. To tackle climate change, the EU has set ambitious goals for reducing greenhouse gas emissions. The transportation sector contributes significantly to these emissions, yet current materials technology cannot meet the sector's targets. Due to a clear link between weight and energy consumption, the EU is spending heavily on the development of robust hybrid composites that will be used to reduce vehicle weight while also lowering fuel consumption. Research institutes, automobile companies, and professional training organizations are collaborating to develop innovative hybrid composite material thereby, driving the growth of the market in this region.

Players Covered In Hybrid Composites Market are:

  • Teijin Ltd.
  • DSM N.V.
  • Hexcel Corp.
  • Exel Composites
  • Solvay S.A.
  • SGL Carbon
  • LANXESS
  • PlastiComp Inc.
  • PolyOne Corporation
  • Gurit
  • Innegra Technologies LLC and other major players.

Recent Industry Developments In Hybrid Composites Market

  • In February 2022, Teijin Limited has announced the launch of carbon fiber woven fabric that is lightweight, strong, and cost-effective, according to the company's proprietary tow-spreading technology. For applications demanding low weight and design flexibility, such as vehicle interior materials and athletic goods, the new woven fabric is manufactured of 3K (3,000) carbon fiber filament yarn.
  • In February 2022, SABIC announced its partnership with Dongfeng Motors, one of China's major truck manufacturers, on the development of a revolutionary plastic composite hybrid solution for a strong lightweight truck-mounted toolbox. When compared to a similarly designed part made of steel, the finished part is up to 30% lighter, and Dongfeng benefits from the resulting production efficiency.

Global Hybrid Composites Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 663.10 Mn.

Forecast Period 2022-28 CAGR:

15%

Market Size in 2028:

USD 1,763.86 Mn.

Segments Covered:

By Fiber Type

  • Carbon/Aramid
  • Carbon/Glass
  • Wood/Plastic
  • Metal/Plastic
  • Others

By  Resin Type

  • Epoxy
  • Polypropylene
  • Polyester
  • Phenolics
  • Others

By End User

  • Automotive & Transportation
  • Aerospace
  • Building & Construction
  • Marine
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Demand for Lightweight Structure

Key Market Restraints:

  • High Material Costs and Slow Production Rates

Key Opportunities:

  • Growing Awareness Among Individuals About Global Warming

Companies Covered in the report:

  • Teijin Ltd., DSM N.V., Hexcel Corp., Exel Composites, Solvay S.A.,SGL Carbon, LANXESS, and Other Major Players

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Fiber Type
 3.2 By Resin Type
 3.3 By End User

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Hybrid Composites Market by Fiber Type
 5.1 Hybrid Composites Market Overview Snapshot and Growth Engine
 5.2 Hybrid Composites Market Overview
 5.3 Carbon/Aramid
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Carbon/Aramid: Grographic Segmentation
 5.4 Carbon/Glass
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Carbon/Glass: Grographic Segmentation
 5.5 Wood/Plastic
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Wood/Plastic: Grographic Segmentation
 5.6 Metal/Plastic
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Metal/Plastic: Grographic Segmentation
 5.7 Others
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Others: Grographic Segmentation

Chapter 6: Hybrid Composites Market by Resin Type
 6.1 Hybrid Composites Market Overview Snapshot and Growth Engine
 6.2 Hybrid Composites Market Overview
 6.3 Epoxy
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Epoxy: Grographic Segmentation
 6.4 Polypropylene
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Polypropylene: Grographic Segmentation
 6.5 Polyester
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Polyester: Grographic Segmentation
 6.6 Phenolics
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Phenolics: Grographic Segmentation
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Grographic Segmentation

Chapter 7: Hybrid Composites Market by End User
 7.1 Hybrid Composites Market Overview Snapshot and Growth Engine
 7.2 Hybrid Composites Market Overview
 7.3 Automotive & Transportation
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Automotive & Transportation: Grographic Segmentation
 7.4 Aerospace
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Aerospace: Grographic Segmentation
 7.5 Building & Construction
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2016-2028F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Building & Construction: Grographic Segmentation
 7.6 Marine
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size (2016-2028F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Marine: Grographic Segmentation
 7.7 Others
  7.7.1 Introduction and Market Overview
  7.7.2 Historic and Forecasted Market Size (2016-2028F)
  7.7.3 Key Market Trends, Growth Factors and Opportunities
  7.7.4 Others: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Hybrid Composites Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Hybrid Composites Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Hybrid Composites Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 TEIJIN LTD.
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 DSM N.V.
 8.4 HEXCEL CORP.
 8.5 EXEL COMPOSITES
 8.6 SOLVAY S.A.
 8.7 SGL CARBON
 8.8 LANXESS
 8.9 PLASTICOMP INC.
 8.10 POLYONE CORPORATION
 8.11 GURIT
 8.12 INNEGRA TECHNOLOGIES LLC
 8.13 OTHER MAJOR PLAYERS

Chapter 9: Global Hybrid Composites Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Fiber Type
  9.2.1 Carbon/Aramid
  9.2.2 Carbon/Glass
  9.2.3 Wood/Plastic
  9.2.4 Metal/Plastic
  9.2.5 Others
 9.3 Historic and Forecasted Market Size By Resin Type
  9.3.1 Epoxy
  9.3.2 Polypropylene
  9.3.3 Polyester
  9.3.4 Phenolics
  9.3.5 Others
 9.4 Historic and Forecasted Market Size By End User
  9.4.1 Automotive & Transportation
  9.4.2 Aerospace
  9.4.3 Building & Construction
  9.4.4 Marine
  9.4.5 Others

Chapter 10: North America Hybrid Composites Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Fiber Type
  10.4.1 Carbon/Aramid
  10.4.2 Carbon/Glass
  10.4.3 Wood/Plastic
  10.4.4 Metal/Plastic
  10.4.5 Others
 10.5 Historic and Forecasted Market Size By Resin Type
  10.5.1 Epoxy
  10.5.2 Polypropylene
  10.5.3 Polyester
  10.5.4 Phenolics
  10.5.5 Others
 10.6 Historic and Forecasted Market Size By End User
  10.6.1 Automotive & Transportation
  10.6.2 Aerospace
  10.6.3 Building & Construction
  10.6.4 Marine
  10.6.5 Others
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe Hybrid Composites Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Fiber Type
  11.4.1 Carbon/Aramid
  11.4.2 Carbon/Glass
  11.4.3 Wood/Plastic
  11.4.4 Metal/Plastic
  11.4.5 Others
 11.5 Historic and Forecasted Market Size By Resin Type
  11.5.1 Epoxy
  11.5.2 Polypropylene
  11.5.3 Polyester
  11.5.4 Phenolics
  11.5.5 Others
 11.6 Historic and Forecasted Market Size By End User
  11.6.1 Automotive & Transportation
  11.6.2 Aerospace
  11.6.3 Building & Construction
  11.6.4 Marine
  11.6.5 Others
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Hybrid Composites Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Fiber Type
  12.4.1 Carbon/Aramid
  12.4.2 Carbon/Glass
  12.4.3 Wood/Plastic
  12.4.4 Metal/Plastic
  12.4.5 Others
 12.5 Historic and Forecasted Market Size By Resin Type
  12.5.1 Epoxy
  12.5.2 Polypropylene
  12.5.3 Polyester
  12.5.4 Phenolics
  12.5.5 Others
 12.6 Historic and Forecasted Market Size By End User
  12.6.1 Automotive & Transportation
  12.6.2 Aerospace
  12.6.3 Building & Construction
  12.6.4 Marine
  12.6.5 Others
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Hybrid Composites Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Fiber Type
  13.4.1 Carbon/Aramid
  13.4.2 Carbon/Glass
  13.4.3 Wood/Plastic
  13.4.4 Metal/Plastic
  13.4.5 Others
 13.5 Historic and Forecasted Market Size By Resin Type
  13.5.1 Epoxy
  13.5.2 Polypropylene
  13.5.3 Polyester
  13.5.4 Phenolics
  13.5.5 Others
 13.6 Historic and Forecasted Market Size By End User
  13.6.1 Automotive & Transportation
  13.6.2 Aerospace
  13.6.3 Building & Construction
  13.6.4 Marine
  13.6.5 Others
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America Hybrid Composites Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Fiber Type
  14.4.1 Carbon/Aramid
  14.4.2 Carbon/Glass
  14.4.3 Wood/Plastic
  14.4.4 Metal/Plastic
  14.4.5 Others
 14.5 Historic and Forecasted Market Size By Resin Type
  14.5.1 Epoxy
  14.5.2 Polypropylene
  14.5.3 Polyester
  14.5.4 Phenolics
  14.5.5 Others
 14.6 Historic and Forecasted Market Size By End User
  14.6.1 Automotive & Transportation
  14.6.2 Aerospace
  14.6.3 Building & Construction
  14.6.4 Marine
  14.6.5 Others
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Hybrid Composites Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 663.10 Mn.

Forecast Period 2022-28 CAGR:

15%

Market Size in 2028:

USD 1,763.86 Mn.

Segments Covered:

By Fiber Type

  • Carbon/Aramid
  • Carbon/Glass
  • Wood/Plastic
  • Metal/Plastic
  • Others

By  Resin Type

  • Epoxy
  • Polypropylene
  • Polyester
  • Phenolics
  • Others

By End User

  • Automotive & Transportation
  • Aerospace
  • Building & Construction
  • Marine
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Demand for Lightweight Structure

Key Market Restraints:

  • High Material Costs and Slow Production Rates

Key Opportunities:

  • Growing Awareness Among Individuals About Global Warming

Companies Covered in the report:

  • Teijin Ltd., DSM N.V., Hexcel Corp., Exel Composites, Solvay S.A.,SGL Carbon, LANXESS, and Other Major Players

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. HYBRID COMPOSITES MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. HYBRID COMPOSITES MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. HYBRID COMPOSITES MARKET COMPETITIVE RIVALRY
TABLE 005. HYBRID COMPOSITES MARKET THREAT OF NEW ENTRANTS
TABLE 006. HYBRID COMPOSITES MARKET THREAT OF SUBSTITUTES
TABLE 007. HYBRID COMPOSITES MARKET BY FIBER TYPE
TABLE 008. CARBON/ARAMID MARKET OVERVIEW (2016-2028)
TABLE 009. CARBON/GLASS MARKET OVERVIEW (2016-2028)
TABLE 010. WOOD/PLASTIC MARKET OVERVIEW (2016-2028)
TABLE 011. METAL/PLASTIC MARKET OVERVIEW (2016-2028)
TABLE 012. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 013. HYBRID COMPOSITES MARKET BY RESIN TYPE
TABLE 014. EPOXY MARKET OVERVIEW (2016-2028)
TABLE 015. POLYPROPYLENE MARKET OVERVIEW (2016-2028)
TABLE 016. POLYESTER MARKET OVERVIEW (2016-2028)
TABLE 017. PHENOLICS MARKET OVERVIEW (2016-2028)
TABLE 018. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 019. HYBRID COMPOSITES MARKET BY END USER
TABLE 020. AUTOMOTIVE & TRANSPORTATION MARKET OVERVIEW (2016-2028)
TABLE 021. AEROSPACE MARKET OVERVIEW (2016-2028)
TABLE 022. BUILDING & CONSTRUCTION MARKET OVERVIEW (2016-2028)
TABLE 023. MARINE MARKET OVERVIEW (2016-2028)
TABLE 024. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 025. NORTH AMERICA HYBRID COMPOSITES MARKET, BY FIBER TYPE (2016-2028)
TABLE 026. NORTH AMERICA HYBRID COMPOSITES MARKET, BY RESIN TYPE (2016-2028)
TABLE 027. NORTH AMERICA HYBRID COMPOSITES MARKET, BY END USER (2016-2028)
TABLE 028. N HYBRID COMPOSITES MARKET, BY COUNTRY (2016-2028)
TABLE 029. EUROPE HYBRID COMPOSITES MARKET, BY FIBER TYPE (2016-2028)
TABLE 030. EUROPE HYBRID COMPOSITES MARKET, BY RESIN TYPE (2016-2028)
TABLE 031. EUROPE HYBRID COMPOSITES MARKET, BY END USER (2016-2028)
TABLE 032. HYBRID COMPOSITES MARKET, BY COUNTRY (2016-2028)
TABLE 033. ASIA PACIFIC HYBRID COMPOSITES MARKET, BY FIBER TYPE (2016-2028)
TABLE 034. ASIA PACIFIC HYBRID COMPOSITES MARKET, BY RESIN TYPE (2016-2028)
TABLE 035. ASIA PACIFIC HYBRID COMPOSITES MARKET, BY END USER (2016-2028)
TABLE 036. HYBRID COMPOSITES MARKET, BY COUNTRY (2016-2028)
TABLE 037. MIDDLE EAST & AFRICA HYBRID COMPOSITES MARKET, BY FIBER TYPE (2016-2028)
TABLE 038. MIDDLE EAST & AFRICA HYBRID COMPOSITES MARKET, BY RESIN TYPE (2016-2028)
TABLE 039. MIDDLE EAST & AFRICA HYBRID COMPOSITES MARKET, BY END USER (2016-2028)
TABLE 040. HYBRID COMPOSITES MARKET, BY COUNTRY (2016-2028)
TABLE 041. SOUTH AMERICA HYBRID COMPOSITES MARKET, BY FIBER TYPE (2016-2028)
TABLE 042. SOUTH AMERICA HYBRID COMPOSITES MARKET, BY RESIN TYPE (2016-2028)
TABLE 043. SOUTH AMERICA HYBRID COMPOSITES MARKET, BY END USER (2016-2028)
TABLE 044. HYBRID COMPOSITES MARKET, BY COUNTRY (2016-2028)
TABLE 045. TEIJIN LTD.: SNAPSHOT
TABLE 046. TEIJIN LTD.: BUSINESS PERFORMANCE
TABLE 047. TEIJIN LTD.: PRODUCT PORTFOLIO
TABLE 048. TEIJIN LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. DSM N.V.: SNAPSHOT
TABLE 049. DSM N.V.: BUSINESS PERFORMANCE
TABLE 050. DSM N.V.: PRODUCT PORTFOLIO
TABLE 051. DSM N.V.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. HEXCEL CORP.: SNAPSHOT
TABLE 052. HEXCEL CORP.: BUSINESS PERFORMANCE
TABLE 053. HEXCEL CORP.: PRODUCT PORTFOLIO
TABLE 054. HEXCEL CORP.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. EXEL COMPOSITES: SNAPSHOT
TABLE 055. EXEL COMPOSITES: BUSINESS PERFORMANCE
TABLE 056. EXEL COMPOSITES: PRODUCT PORTFOLIO
TABLE 057. EXEL COMPOSITES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. SOLVAY S.A.: SNAPSHOT
TABLE 058. SOLVAY S.A.: BUSINESS PERFORMANCE
TABLE 059. SOLVAY S.A.: PRODUCT PORTFOLIO
TABLE 060. SOLVAY S.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. SGL CARBON: SNAPSHOT
TABLE 061. SGL CARBON: BUSINESS PERFORMANCE
TABLE 062. SGL CARBON: PRODUCT PORTFOLIO
TABLE 063. SGL CARBON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. LANXESS: SNAPSHOT
TABLE 064. LANXESS: BUSINESS PERFORMANCE
TABLE 065. LANXESS: PRODUCT PORTFOLIO
TABLE 066. LANXESS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. PLASTICOMP INC.: SNAPSHOT
TABLE 067. PLASTICOMP INC.: BUSINESS PERFORMANCE
TABLE 068. PLASTICOMP INC.: PRODUCT PORTFOLIO
TABLE 069. PLASTICOMP INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. POLYONE CORPORATION: SNAPSHOT
TABLE 070. POLYONE CORPORATION: BUSINESS PERFORMANCE
TABLE 071. POLYONE CORPORATION: PRODUCT PORTFOLIO
TABLE 072. POLYONE CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. GURIT: SNAPSHOT
TABLE 073. GURIT: BUSINESS PERFORMANCE
TABLE 074. GURIT: PRODUCT PORTFOLIO
TABLE 075. GURIT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. INNEGRA TECHNOLOGIES LLC: SNAPSHOT
TABLE 076. INNEGRA TECHNOLOGIES LLC: BUSINESS PERFORMANCE
TABLE 077. INNEGRA TECHNOLOGIES LLC: PRODUCT PORTFOLIO
TABLE 078. INNEGRA TECHNOLOGIES LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 079. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 080. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 081. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. HYBRID COMPOSITES MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. HYBRID COMPOSITES MARKET OVERVIEW BY FIBER TYPE
FIGURE 012. CARBON/ARAMID MARKET OVERVIEW (2016-2028)
FIGURE 013. CARBON/GLASS MARKET OVERVIEW (2016-2028)
FIGURE 014. WOOD/PLASTIC MARKET OVERVIEW (2016-2028)
FIGURE 015. METAL/PLASTIC MARKET OVERVIEW (2016-2028)
FIGURE 016. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 017. HYBRID COMPOSITES MARKET OVERVIEW BY RESIN TYPE
FIGURE 018. EPOXY MARKET OVERVIEW (2016-2028)
FIGURE 019. POLYPROPYLENE MARKET OVERVIEW (2016-2028)
FIGURE 020. POLYESTER MARKET OVERVIEW (2016-2028)
FIGURE 021. PHENOLICS MARKET OVERVIEW (2016-2028)
FIGURE 022. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 023. HYBRID COMPOSITES MARKET OVERVIEW BY END USER
FIGURE 024. AUTOMOTIVE & TRANSPORTATION MARKET OVERVIEW (2016-2028)
FIGURE 025. AEROSPACE MARKET OVERVIEW (2016-2028)
FIGURE 026. BUILDING & CONSTRUCTION MARKET OVERVIEW (2016-2028)
FIGURE 027. MARINE MARKET OVERVIEW (2016-2028)
FIGURE 028. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 029. NORTH AMERICA HYBRID COMPOSITES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. EUROPE HYBRID COMPOSITES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. ASIA PACIFIC HYBRID COMPOSITES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. MIDDLE EAST & AFRICA HYBRID COMPOSITES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 033. SOUTH AMERICA HYBRID COMPOSITES MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Hybrid Composites Market research report?

The forecast period in the Hybrid Composites Market research report is 2022-2028.

Who are the key players in Hybrid Composites Market?

Teijin Ltd., DSM N.V., Hexcel Corp., Exel Composites, Solvay S.A., SGL Carbon, LANXESS, PlastiComp Inc., PolyOne Corporation, Gurit, Innegra Technologies LLC), and Other Major Players.

What are the segments of Hybrid Composites Market?

Hybrid Composites Market is segmented into Fiber Type, Resin Type, End User and region. By Fiber Type, the market is categorized into Carbon/Aramid, Carbon/Glass, Wood/Plastic, Metal/Plastic, Others. By Resin Type, the market is categorized into Epoxy, Polypropylene, Polyester, Phenolics, Others. By End-User, the market is categorized into Automotive & Transportation, Aerospace, Building & Construction, Marine, Others. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Hybrid Composites Market?

Hybrid composites are materials made by combining two or more fibre types into a single matrix. Hybrid composites are more advanced than fiber-supported composites and can be utilized in a wide range of applications.

How big is Hybrid Composites Market?

Global Hybrid Composites Market was valued at USD 663.10 Million in 2021 and is expected to reach USD 1,763.86 Million by the year 2028, at a CAGR of 15%.