The global hybrid composites market is expected to grow from USD 0.56 billion in 2019 to USD 1.71 billion by 2027, at a CAGR of 14.8% during the forecast period 2020-2027.
Hybrid composites are a kind of composites that have a mixture of two or more different types of reinforcing fibres, used for combining properties, or when lateral & longitudinal mechanical performances are needed. Hybrid composite materials are commonly used in several engineering applications as they deliver a range of improved properties and distinct benefits over conventional composite materials.
This study delivers a comprehensive analysis of fiber type, resin, end-use and regions. The research includes growth drivers as well as challenges prevalent in the global hybrid composites market along with the impact they will have on the overall demand during the forecasted period. Additionally, the study also includes various opportunities & threats that are present in the hybrid composites market. The fiber type segment includes carbon/glass & glass/carbon, UHMWPE/carbon, aramid/carbon, HMPP/carbon, and others. The carbon/glass & glass/carbon segment is anticipated to hold the largest share among other segments since they are lighter, stronger, and more extensively used in various industries. On the basis of resin, the market has been segmented into thermoplastic and thermoset. The thermoset segment is forecasted to hold the majority share due to their high strength and lightweight characteristics. Based on end-use, the global market has been divided into aerospace & defence, sporting goods, marine, automotive & transportation, wind energy, and others. The automotive & transportation segment is expected to have the largest share over the forecast period due to hybrid composites reducing weight, decreasing cost, improving mileage and increasing performance.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. With the rising hybrid composites demand from China, growing population, increasing purchasing power and increasing residential & commercial construction activities, the Asia-Pacific region stands as a promising market for hybrid composites and is expected to grow at the highest CAGR during the forecast period. On the other hand, Europe is estimated to hold the major share of the market share over the forecast period. This can be attributed to factors like technological advancement, presence of key automotive and aerospace & defence manufacturers, and mature infrastructure development.
Some of the notable players in the hybrid composites market are Teijin Limited, Innegra Technologies, LLC, DSM N.V., Hexcel Corporation, Solvay, Gurit, General Electric, SGL Group, Exel Composites, and PlastiComp, Inc., among others. The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global hybrid composites industry.
For instance, Solvay created a novel hybrid composite material in October 2017, which is comprised of a combination of carbon & glass fibers using polyacrylamide resin. This has helped to improve the company’s position in the hybrid composites industry.
This study predicts revenue growth at global, national, and country levels from 2020 to 2027. Fior Markets has segmented the market based on below-mentioned segments:
Global Hybrid Composites Market Analysis And Forecast, By Fiber Type
Global Hybrid Composites Market Analysis And Forecast, By Resin
Global Hybrid Composites Market Analysis And Forecast, By End-Use
Global Hybrid Composites Market Analysis And Forecast, By Regional Analysis
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Fiber Type
4.3.2. Market Attractiveness Analysis By Resin
4.3.3. Market Attractiveness Analysis By End-user
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Growing demand in end-user industries
5.2.2. Increasing concern for CO2 emissions
5.3. Restraints
5.3.1. Higher costs
5.3.2. Complex fabrication methods
5.4. Opportunities
5.4.1. Technological advancement
5.5. Challenges
5.5.1. Immature manufacturing technology
6. Global Hybrid Composites Market Analysis and Forecast, By Fiber Type
6.1. Segment Overview
6.2. Carbon/Glass & Glass/Carbon
6.3. UHMWPE/Carbon
6.4. Aramid/Carbon
6.5. HMPP/Carbon
6.6. Others
7. Global Hybrid Composites Market Analysis and Forecast, By Resin
7.1. Segment Overview
7.2. Thermoplastic
7.3. Thermoset
8. Global Hybrid Composites Market Analysis and Forecast, By End-user
8.1. Segment Overview
8.2. Aerospace & Defense
8.3. Sporting Goods
8.4. Marine
8.5. Automotive & Transportation
8.6. Wind Energy
8.7. Others
9. Global Hybrid Composites Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Hybrid Composites Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Hybrid Composites Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Teijin Limited
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Innegra Technologies
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. LLC
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. DSM N.V.
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Hexcel Corporation
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Solvay
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Gurit
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. General Electric
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. SGL Group
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Exel Composites
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. PlastiComp Inc.
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Quantum Corporation Inc.
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
List of Table
1. Global Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
2. Global Carbon/Glass & Glass/Carbon, Hybrid Composites Market, By Region, 2019-2027 (USD Billion)
3. Global UHMWPE/Carbon, Hybrid Composites Market, By Region, 2019-2027 (USD Billion)
4. Global Aramid/Carbon, Hybrid Composites Market, By Region, 2019-2027 (USD Billion)
5. Global HMPP/Carbon, Hybrid Composites Market, By Region, 2019-2027 (USD Billion)
6. Global Others, Hybrid Composites Market, By Region, 2019-2027 (USD Billion)
7. Global Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
8. Global Thermoplastic, Hybrid Composites Market, By Region, 2019-2027 (USD Billion)
9. Global Thermoset, Hybrid Composites Market, By Region, 2019-2027 (USD Billion)
10. Global Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
11. Global Aerospace & Defense, Hybrid Composites Market, By Region, 2019-2027 (USD Billion)
12. Global Sporting Goods, Hybrid Composites Market, By Region, 2019-2027 (USD Billion)
13. Global Marine, Hybrid Composites Market, By Region, 2019-2027 (USD Billion)
14. Global Automotive & Transportation, Hybrid Composites Market, By Region, 2019-2027 (USD Billion)
15. Global Wind Energy, Hybrid Composites Market, By Region, 2019-2027 (USD Billion)
16. Global Others, Hybrid Composites Market, By Region, 2019-2027 (USD Billion)
17. North America Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
18. North America Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
19. North America Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
20. U.S. Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
21. U.S. Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
22. U.S. Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
23. Canada Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
24. Canada Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
25. Canada Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
26. Mexico Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
27. Mexico Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
28. Mexico Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
29. Europe Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
30. Europe Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
31. Europe Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
32. Germany Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
33. Germany Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
34. Germany Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
35. France Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
36. France Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
37. France Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
38. U.K. Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
39. U.K. Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
40. U.K. Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
41. Italy Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
42. Italy Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
43. Italy Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
44. Spain Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
45. Spain Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
46. Spain Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
47. Asia Pacific Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
48. Asia Pacific Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
49. Asia Pacific Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
50. Japan Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
51. Japan Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
52. Japan Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
53. China Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
54. China Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
55. China Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
56. India Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
57. India Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
58. India Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
59. South America Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
60. South America Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
61. South America Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
62. Brazil Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
63. Brazil Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
64. Brazil Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
65. Middle East and Africa Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
66. Middle East and Africa Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
67. Middle East and Africa Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
68. UAE Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
69. UAE Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
70. UAE Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
71. South Africa Hybrid Composites Market, By Fiber Type, 2019-2027 (USD Billion)
72. South Africa Hybrid Composites Market, By Resin, 2019-2027 (USD Billion)
73. South Africa Hybrid Composites Market, By End-user, 2019-2027 (USD Billion)
List of Figures
1. Global Hybrid Composites Market Segmentation
2. Global Hybrid Composites Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Hybrid Composites Market Attractiveness Analysis By Fiber Type
9. Global Hybrid Composites Market Attractiveness Analysis By Resin
10. Global Hybrid Composites Market Attractiveness Analysis By End-user
11. Global Hybrid Composites Market Attractiveness Analysis By Region
12. Global Hybrid Composites Market: Dynamics
13. Global Hybrid Composites Market Share By Fiber Type (2020 & 2027)
14. Global Hybrid Composites Market Share by Resin (2020 & 2027)
15. Global Hybrid Composites Market Share By End-user (2020 & 2027)
16. Global Hybrid Composites Market Share by Regions (2020 & 2027)
17. Global Hybrid Composites Market Share by Company (2019)
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