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Hybrid Composites Market by Resin Type and Geography - Global Forecast and Analysis 2019-2023

Hybrid Composites Market by Resin Type and Geography - Global Forecast and Analysis 2019-2023

Global Hybrid Composites Market: About this market

Hybrid composites are high-performance materials that are fabricated by mixing two or more types of fibers in resin to combine properties such as compressive strength, impact strength, and tensile strength. Technavio’s hybrid composites market analysis considers sales from both thermoset hybrid composites and thermoplastic hybrid composites. Our analysis also considers the sales of hybrid composites in APAC, Europe, North America, South America, and MEA. In 2018, the thermoset hybrid composite segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising demand for wind turbines in energy generation will play a significant role in the thermoset hybrid composites segment to maintain its market position. Also, our global hybrid composites report also looks at factors such as extensive use of carbon fibers in the aviation industry, growth of pultrusion in the automotive industry, and technological advances in the aerospace industry. However, uncertainties in the energy-intensive manufacturing process of fiber-reinforced plastic, limited commercial recycling operations and limited NDT of fiber-hybrid composites in offshore wind turbines may hamper the growth of the hybrid composites industry over the forecast period.

Global Hybrid Composites Market: Overview

Growth of pultrusion in the automotive industry

Pultrusion is a cost-effective and continuous closed molding method of manufacturing high-volume hybrid composite parts. This process is mainly used to manufacture fiber-reinforced polymer composites that are used in the automotive industry in manufacturing roof beams, door intrusion beams, bumper beams, front-end support systems, chassis rails, and transmission tunnels. This will result in the increasing demand for pultrusion products in the automotive industry and consequently fuel the growth of the hybrid composites market at a CAGR of almost 15% during the forecast period.

Use of fiber hybrid composites in the wind power industry

The global energy demand is increasing with the growing population, increase in industrialization, and economic activities. The wind energy sector is one of the largest users of hybrid composite materials. The composites are primarily used in manufacturing nacelle and blades, which improves the efficiency of turbines. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global hybrid composites market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of a few major players, the global hybrid composite market is concentrated. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading hybrid composite manufacturers, that include Hexcel Corp., LANXESS AG, Mitsubishi Chemical Corp., SGL Carbon SE, Toray Industries Inc.

Also, the hybrid composite market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Product offerings of Vendors
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global composites market
      • Table Segments of global composites market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by resin type
    • Table Resin Type - Market share 2018-2023 (%)
    • Comparison by resin type
      • Table Comparison by resin type
    • Thermoset hybrid composites - Market size and forecast 2018-2023
      • Table Thermoset hybrid composites - Market size and forecast 2018-2023 ($ millions)
      • Table Thermoset hybrid composites - Year-over-year growth 2019-2023 (%)
    • Thermoplastic hybrid composites - Market size and forecast 2018-2023
      • Table Thermoplastic hybrid composites - Market size and forecast 2018-2023 ($ millions)
      • Table Thermoplastic hybrid composites - Year-over-year growth 2019-2023 (%)
    • Market opportunity by resin type
      • Table Market opportunity by resin type
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Use of fiber hybrid composites in wind power industry
    • Application of hybrid composites in personal air mobility
    • Efforts in reducing manufacturing prices of hybrid composites
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Hexcel Corp.
      • Table Hexcel Corp. - Vendor overview
      • Table Hexcel Corp. - Business segments
      • Table Hexcel Corp. - Organizational developments
      • Table Hexcel Corp. - Geographic focus
      • Table Hexcel Corp. - Segment focus
      • Table Hexcel Corp. - Key offerings
    • LANXESS AG
      • Table LANXESS AG - Vendor overview
      • Table LANXESS AG - Business segments
      • Table LANXESS AG - Organizational developments
      • Table LANXESS AG - Geographic focus
      • Table LANXESS AG - Segment focus
      • Table LANXESS AG - Key offerings
    • Mitsubishi Chemical Corp.
      • Table Mitsubishi Chemical Corp. - Vendor overview
      • Table Mitsubishi Chemical Corp. - Business segments
      • Table Mitsubishi Chemical Corp. - Organizational developments
      • Table Mitsubishi Chemical Corp. - Geographic focus
      • Table Mitsubishi Chemical Corp. - Segment focus
      • Table Mitsubishi Chemical Corp. - Key offerings
    • SGL Carbon SE
      • Table SGL Carbon SE - Vendor overview
      • Table SGL Carbon SE - Business segments
      • Table SGL Carbon SE - Organizational developments
      • Table SGL Carbon SE - Geographic focus
      • Table SGL Carbon SE - Segment focus
      • Table SGL Carbon SE - Key offerings
    • Toray Industries Inc.
      • Table Toray Industries Inc. - Vendor overview
      • Table Toray Industries Inc. - Business segments
      • Table Toray Industries Inc. - Organizational developments
      • Table Toray Industries Inc. - Geographic focus
      • Table Toray Industries Inc. - Segment focus
      • Table Toray Industries Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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