Global Hybrid Composites Market is projected to cross USD 876 million by 2027, growing at a CAGR of 15% during the forecast period. This growth is attributed to high demand from the automotive & transportation, wind energy, and other end-use industries. Hybrid composite products are preferred as they can reduce the product weight and are stronger than metallic parts.
The Global Hybrid Composites Market is broadly segmented into fiber type, resin, and end-use industries. Based on fiber type, the carbon/glass and glass/carbon fiber segment is expected to be the largest contributor to the hybrid composites market during the forecast period. Based on resin, the thermoset resin segment is expected to be the largest contributor to the hybrid composites market during the forecast period.
Further, the Thermoset resin dominates the hybrid composite market due to its wide-scale applications in various end-use industries. Based on the end-use industry, automotive & transportation is expected to be the largest contributor during the forecast period. Geographically, the market is segmented into Asia-Pacific, North America, South America, Middle East & Africa and Europe. Europe is the major revenue generating region in the hybrid composites market.
Some of the key players in the market
- Royal DSM N.V.
- SGL Group
- Gurit
- Hexcel Corporation
- Teijin Limited
- Solvay
- General Electric
- Exel Composites
- PlastiComp, Inc.
- Innegra Technologies, LLC
- STRUCTeam Ltd.
- Quantum ETA.
The objective of the Study:
- To analyze and forecast the market size of the Global Hybrid Composites Market, in terms of value and volume.
- To classify and forecast the Global Hybrid Composites Market based on fiber type, resin, end-use industry, and regional distribution.
- To identify drivers and challenges for Global Hybrid Composites Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Hybrid Composites Market.
- To conduct the pricing analysis for the Hybrid Composites Market.
- To identify and analyze the profile of leading players involved in the manufacturing of Global Hybrid Composites.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.
TechSci Research calculated the market size of Global Hybrid Composites Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Manufacturers of Hybrid Composites
- Suppliers and Distributors
- End consumers
- Raw Material Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details | |
| Base Year | 2021 | |
| Historical Data | 2017 – 2020 | |
| Estimated Year | 2022 | |
| Forecast Period | 2023 – 2027 | |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F | |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends | |
| Segments covered | Fiber Type Resin End Use Industry | |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa | |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Singapore, Malaysia, Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Qatar, Saudi Arabia, Brazil, Argentina, Colombia | |
| Key companies profiled | Royal DSM N.V., SGL Group, Gurit, Hexcel Corporation, Teijin Limited, Solvay, General Electric, Exel Composites, PlastiComp, Inc., Innegra Technologies, LLC, STRUCTeam Ltd., and Quantum ETA. | |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. | |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options | |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) | |
Report Scope:
In this report, Global Hybrid Composites Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, By Fiber Type:
- Carbon/Glass and Glass/Carbon Hybrid Composites
- Aramid (Kevlar)/Carbon Hybrid Composites
- Hmpp/Carbon Hybrid Composites
- Uhmwpe/Carbon Hybrid Composites
- Other Fiber Hybrid Composites
- Market, By Resin:
- Thermoset Hybrid Composite
- Thermoplastic Hybrid Composite
- Market, By End-Use Industry:
- Aerospace & Defense
- Wind Energy
- Automotive & Transportation
- Sporting Goods
- Marine
- Others
- Market, By Region:
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- France
- Germany
- United Kingdom
- Italy
- Spain
- United States
- Mexico
- Canada
- Brazil
- Argentina
- Colombia
- South Africa
- Saudi Arabia
- UAE
- Qatar
- Asia Pacific
- Europe
- North America
- South America
- Middle East and Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Hybrid Composites Market.
Available Customizations:
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
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Table of Content-Hybrid Composites Market
- Product Overview
- Research Methodology
- Impact of COVID-19 on Global Hybrid Composites Market
- Executive Summary
- Voice of Customer
5.1. Technical Feasibility
5.2. Factors Influencing Purchase Decision
5.3. Challenges/Issues Faced Post Purchase
- Global Hybrid Composites Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Fiber Type (Carbon/Glass and Glass/Carbon Hybrid Composites, Aramid (Kevlar)/Carbon Hybrid Composites, Hmpp/Carbon Hybrid Composites, Uhmwpe/Carbon Hybrid Composites, Other Fiber Hybrid Composites)
6.2.2. By Resin (Thermoset Hybrid Composite, Thermoplastic Hybrid Composite)
6.2.3. By End-Use Industry (Aerospace & Defense, Wind Energy, Automotive & Transportation, Sporting Goods, Marine, Others)
6.2.4. By Region
6.2.5. By Company
6.3. Market Attractiveness Index
- Asia-Pacific Hybrid Composites Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Fiber Type
7.2.2. By Resin
7.2.3. By End-Use Industry
7.2.4. By Country
7.3. Market Attractiveness Index
7.4. Asia-Pacific: Country Analysis
7.4.1. China Hybrid Composites Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value & Volume
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Fiber Type
7.4.1.2.2. By Resin
7.4.1.3. Pricing Analysis
7.4.1.4. Market Attractiveness Index
7.4.2. India Hybrid Composites Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value & Volume
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Fiber Type
7.4.2.2.2. By Resin
7.4.2.3. Pricing Analysis
7.4.2.4. Market Attractiveness Index
7.4.3. Japan Hybrid Composites Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value & Volume
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Fiber Type
7.4.3.2.2. By Resin
7.4.3.3. Pricing Analysis
7.4.3.4. Market Attractiveness Index
7.4.4. South Korea Hybrid Composites Market Outlook
7.4.4.1. Market Size & Forecast
7.4.4.1.1. By Value & Volume
7.4.4.2. Market Share & Forecast
7.4.4.2.1. By Fiber Type
7.4.4.2.2. By Resin
7.4.4.3. Pricing Analysis
7.4.4.4. Market Attractiveness Index
7.4.5. Australia Hybrid Composites Market Outlook
7.4.5.1. Market Size & Forecast
7.4.5.1.1. By Value & Volume
7.4.5.2. Market Share & Forecast
7.4.5.2.1. By Fiber Type
7.4.5.2.2. By Resin
7.4.5.3. Pricing Analysis
7.4.5.4. Market Attractiveness Index
7.4.6. Singapore Hybrid Composites Market Outlook
7.4.6.1. Market Size & Forecast
7.4.6.1.1. By Value & Volume
7.4.6.2. Market Share & Forecast
7.4.6.2.1. By Fiber Type
7.4.6.2.2. By Resin
7.4.6.3. Pricing Analysis
7.4.6.4. Market Attractiveness Index
7.4.7. Malaysia Hybrid Composites Market Outlook
7.4.7.1. Market Size & Forecast
7.4.7.1.1. By Value & Volume
7.4.7.2. Market Share & Forecast
7.4.7.2.1. By Fiber Type
7.4.7.2.2. By Resin
7.4.7.3. Pricing Analysis
7.4.7.4. Market Attractiveness Index
- Europe Hybrid Composites Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Fiber Type
8.2.2. By Resin
8.2.3. By End-Use Industry
8.2.4. By Country
8.3. Market Attractiveness Index
8.4. Europe: Country Analysis
8.4.1. France Hybrid Composites Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Fiber Type
8.4.1.2.2. By Resin
8.4.1.3. Pricing Analysis
8.4.1.4. Market Attractiveness Index
8.4.2. Germany Hybrid Composites Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Fiber Type
8.4.2.2.2. By Resin
8.4.2.3. Pricing Analysis
8.4.2.4. Market Attractiveness Index
8.4.3. United Kingdom Hybrid Composites Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Fiber Type
8.4.3.2.2. By Resin
8.4.3.3. Pricing Analysis
8.4.3.4. Market Attractiveness Index
8.4.4. Italy Hybrid Composites Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value & Volume
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Fiber Type
8.4.4.2.2. By Resin
8.4.4.3. Pricing Analysis
8.4.4.4. Market Attractiveness Index
8.4.5. Spain Hybrid Composites Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value & Volume
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Fiber Type
8.4.5.2.2. By Resin
8.4.5.3. Pricing Analysis
8.4.5.4. Market Attractiveness Index
- North America Hybrid Composites Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Fiber Type
9.2.2. By Resin
9.2.3. By End-Use Industry
9.2.4. By Country
9.3. Market Attractiveness Index
9.4. North America: Country Analysis
9.4.1. United States Hybrid Composites Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value & Volume
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Fiber Type
9.4.1.2.2. By Resin
9.4.1.3. Pricing Analysis
9.4.1.4. Market Attractiveness Index
9.4.2. Mexico Hybrid Composites Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value & Volume
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Fiber Type
9.4.2.2.2. By Resin
9.4.2.3. Pricing Analysis
9.4.2.4. Market Attractiveness Index
9.4.3. Canada Hybrid Composites Market Outlook
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value & Volume
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Fiber Type
9.4.3.2.2. By Resin
9.4.3.3. Pricing Analysis
9.4.3.4. Market Attractiveness Index
- South America Hybrid Composites Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Fiber Type
10.2.2. By Resin
10.2.3. By End-Use Industry
10.2.4. By Country
10.3. Market Attractiveness Index
10.3.1. Brazil Hybrid Composites Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value & Volume
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Fiber Type
10.3.1.2.2. By Resin
10.3.1.3. Pricing Analysis
10.3.1.4. Market Attractiveness Index
10.3.2. Argentina Hybrid Composites Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value & Volume
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Fiber Type
10.3.2.2.2. By Resin
10.3.2.3. Pricing Analysis
10.3.2.4. Market Attractiveness Index
10.3.3. Colombia Hybrid Composites Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value & Volume
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Fiber Type
10.3.3.2.2. By Resin
10.3.3.3. Pricing Analysis
10.3.3.4. Market Attractiveness Index
- Middle East and Africa Hybrid Composites Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Fiber Type
11.2.2. By Resin
11.2.3. By End-Use Industry
11.2.4. By Country
11.3. Market Attractiveness Index
11.4. MEA: Country Analysis
11.4.1. South Africa Hybrid Composites Market Outlook
11.4.1.1. Market Size & Forecast
11.4.1.1.1. By Value & Volume
11.4.1.2. Market Share & Forecast
11.4.1.2.1. By Fiber Type
11.4.1.2.2. By Resin
11.4.1.3. Pricing Analysis
11.4.1.4. Market Attractiveness Index
11.4.2. Saudi Arabia Hybrid Composites Market Outlook
11.4.2.1. Market Size & Forecast
11.4.2.1.1. By Value & Volume
11.4.2.2. Market Share & Forecast
11.4.2.2.1. By Fiber Type
11.4.2.2.2. By Resin
11.4.2.3. Pricing Analysis
11.4.2.4. Market Attractiveness Index
11.4.3. UAE Hybrid Composites Market Outlook
11.4.3.1. Market Size & Forecast
11.4.3.1.1. By Value & Volume
11.4.3.2. Market Share & Forecast
11.4.3.2.1. By Fiber Type
11.4.3.2.2. By Resin
11.4.3.3. Pricing Analysis
11.4.3.4. Market Attractiveness Index
11.4.4. Qatar Hybrid Composites Market Outlook
11.4.4.1. Market Size & Forecast
11.4.4.1.1. By Value & Volume
11.4.4.2. Market Share & Forecast
11.4.4.2.1. By Fiber Type
11.4.4.2.2. By Resin
11.4.4.3. Pricing Analysis
11.4.4.4. Market Attractiveness Index
- Market Dynamics
12.1. Drivers
12.2. Challenges
- Market Trends & Developments
- Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles (Top Leading Companies)
14.2.1. Royal DSM N.V.
14.2.2. SGL Group
14.2.3. Gurit
14.2.4. Hexcel Corporation
14.2.5. Teijin Limited
14.2.6. Solvay,
14.2.7. General Electric,
14.2.8. Exel Composites
14.2.9. PlastiComp, Inc.
14.2.10. Innegra Technologies, LLC
14.2.11. STRUCTeam Ltd.
14.2.12. Quantum ETA
15. Strategic Recommendation