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Hybrid Composites Market by Fiber Type, Resin (Thermoset and Thermoplastic), End-Use Industry (Automotive & Transportation, Aerospace & Defense, Wind Energy, Marine, Sporting Goods), and Region - Global Forecast to 2023

Hybrid Composites Market by Fiber Type, Resin (Thermoset and Thermoplastic), End-Use Industry (Automotive & Transportation, Aerospace & Defense, Wind Energy, Marine, Sporting Goods), and Region - Global Forecast to 2023

The hybrid composites market is projected to register a CAGR of 15.0%, in terms of value, between 2018 and 2023.’’
The hybrid composites market size is estimated at USD 436 million in 2018 and is projected to reach USD 876 million by 2023, at a CAGR of 15.0% between 2018 and 2023. Hybrid composites offer various benefits such as non-corrosiveness, high stiffness, non-conductivity, flexibility, low maintenance, durability, design flexibility, and cost saving. Due to these properties, hybrid composites are used in various end-use industries such as aerospace & defense, transportation, sporting goods, and wind energy. The balance in cost and performance offered by the hybrid composites are major factors driving this market. However, high technology cost associated with the manufacturing of hybrid composites is restraining the growth of this market.

The thermoset resin segment is projected to dominate the hybrid composites market, between 2018 and 2023.’’
The hybrid composites market is segmented into two based on the resin used, namely, thermoset and thermoplastic resin. Thermoset resins are known for their excellent mechanical, electrical, and heat resistance properties. They are also available in a wide range of curing-agent variations. Also, these resins have better physical and adhesion properties, and lower shrinkage than the other resins, due to which they account for the largest share in this market.

The automotive & transportation end-use industry segment is projected to hold the highest market share in the hybrid composites market, between 2018 and 2023.’’
Hybrid composites have major applications in the automotive & transportation industry. This has helped the automotive & transportation segment to hold the largest market share in the global hybrid composites market in 2018 in terms of value and volume. The use of hybrid composites helps in achieving the strong demand for cost-effective and lightweight solutions in the automotive & transportation industry.

The hybrid composites market in APAC is projected to register the highest CAGR, in terms of value and volume, between 2018 and 2023.’’
The hybrid composites market in APAC is projected to register the highest CAGR during the forecast period, in terms of value and volume. This growth can be attributed to the increasing demand from the automotive & transportation, wind energy, sporting goods, and marine end-use industries. The increasing focus of the APAC region toward large automotive manufacturing is a key factor that is helping the hybrid composites market grow in the region. Europe holds the largest market share in the hybrid composites market. This largest share is due to the demand for hybrid composites from the automotive & transportation end-use industry in Europe.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the hybrid composites market.

By Company Type: Tier 1 - 27%, Tier 2 - 46%, and Tier 3 - 27%
By Designation: C level - 27%, Director level - 37%, and Others - 36%
By Region: North America - 18%, Europe - 37%, APAC -27%, Middle East & Africa - 9%, and Latin America - 9%

The hybrid composites market comprises major solution providers, such as Royal DSM N.V. (Netherlands), SGL Group (Germany), Gurit (Switzerland), Hexcel Corporation (US), Teijin Limited (Japan), Solvay (Belgium), General Electric (US), Exel Composites (Finland), PlastiComp, Inc. (US), Innegra Technologies, LLC (US), STRUCTeam Ltd. (UK), and QUANTUMETA (China). The study includes an in-depth competitive analysis of these key players in the hybrid composites market, with their company profiles, recent developments, and key market strategies.

Research Coverage
The study covers the hybrid composites market. It aims at estimating the market size and the growth potential of this market, across different segments, such as fiber type, resin, end-use industry, and region. Porter’s Five Forces analysis and the key market dynamics, such as drivers, restraints, challenges, and opportunities, influencing the market, have been discussed in the report. The report also provides company profiles and competitive benchmarking of major players operating in the market.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall hybrid composites market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • UNIT CONSIDERED
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE HYBRID COMPOSITES MARKET
    • HYBRID COMPOSITES MARKET, BY END-USE INDUSTRY
    • HYBRID COMPOSITES MARKET, BY END-USE INDUSTRY AND REGION
    • HYBRID COMPOSITES MARKET, BY FIBER TYPE
    • HYBRID COMPOSITES MARKET, BY RESIN
    • HYBRID COMPOSITES MARKET, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • HYBRID COMPOSITES MARKET, BY FIBER TYPE
    • INTRODUCTION
      • Table HYBRID COMPOSITES MARKET SIZE, BY FIBER TYPE, 2016–2023 (USD THOUSAND)
      • Table HYBRID COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2023 (TON)
    • CARBON/GLASS AND GLASS/CARBON HYBRID COMPOSITES
      • APAC IS THE FASTEST-GROWING MARKET FOR CARBON/GLASS AND GLASS/CARBON FIBER HYBRID COMPOSITES
        • Table CARBON/GLASS AND GLASS/CARBON HYBRID COMPOSITES MARKET SIZE, BY REGION, 2018–2023 (USD THOUSAND)
        • Table CARBON/GLASS AND GLASS/CARBON HYBRID COMPOSITES MARKET SIZE, BY REGION, 2016–2023 (TON)
    • ARAMID (KEVLAR)/CARBON HYBRID COMPOSITES
      • ARAMID FIBERS ARE USED FOR SPECIALIZED APPLICATIONS THAT REQUIRE VERY HIGH MECHANICAL PROPERTIES
        • Table ARAMID (KEVLAR)/CARBON HYBRID COMPOSITES MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
        • Table ARAMID (KEVLAR)/CARBON HYBRID COMPOSITES MARKET SIZE, BY REGION, 2016–2023 (TON)
    • HMPP/CARBON HYBRID COMPOSITES
      • HMPP/CARBON HYBRID COMPOSITES ARE LARGELY DEMANDED IN RADOMS, RACING CARS, KAYAKS, SURFBOARDS, BICYCLES, AND PROSTHETIC APPLICATIONS
        • Table HMPP/CARBON HYBRID COMPOSITES MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
        • Table HMPP/CARBON HYBRID COMPOSITES MARKET SIZE, BY REGION, 2016–2023 (TON)
    • UHMWPE/CARBON HYBRID COMPOSITES
      • UHMWPE/CARBON COMPOSITES POSSESS SUPERIOR IMPACT RESISTANCE, LUBRICITY, CHEMICAL INERTNESS, AND ABRASION RESISTANCE PROPERTIES
        • Table UHMWPE/CARBON HYBRID COMPOSITES MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
        • Table UHMWPE/CARBON HYBRID COMPOSITES MARKET SIZE, BY REGION, 2016–2023 (TON)
    • OTHER FIBER HYBRID COMPOSITES
      • Table OTHER FIBER HYBRID COMPOSITES MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
      • Table OTHER FIBER HYBRID COMPOSITES MARKET SIZE, BY REGION, 2016–2023 (TON)
  • HYBRID COMPOSITES MARKET, BY RESIN
    • INTRODUCTION
      • Table HYBRID COMPOSITES MARKET SIZE, BY RESIN, 2016–2023 (USD THOUSAND)
      • Table HYBRID COMPOSITES MARKET SIZE, BY RESIN, 2016–2023 (TON)
    • THERMOSET HYBRID COMPOSITE
      • MAJOR THERMOSET RESINS USED IN THE PRODUCTION OF COMPOSITES ARE POLYESTER, EPOXY, AND VINYL ESTER
        • Table THERMOSET HYBRID COMPOSITES MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
        • Table THERMOSET HYBRID COMPOSITES MARKET SIZE, BY REGION, 2016–2023 (TON)
    • THERMOPLASTIC HYBRID COMPOSITE
      • THE DEMAND FOR THERMOPLASTIC HYBRID COMPOSITES IN AUTOMOTIVE COMPONENTS IS DRIVEN BY STRINGENT FUEL ECONOMY REGULATIONS
        • Table THERMOPLASTIC HYBRID COMPOSITES MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
        • Table THERMOPLASTIC HYBRID COMPOSITES MARKET SIZE, BY REGION, 2016–2023 (TON)
  • HYBRID COMPOSITES MARKET, BY END-USE INDUSTRY
    • INTRODUCTION
      • Table HYBRID COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
      • Table HYBRID COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
    • AEROSPACE & DEFENSE
      • EUROPE ACCOUNTED FOR THE HIGHEST MARKET SHARE IN THE AEROSPACE & DEFENSE INDUSTRY
        • Table HYBRID COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE INDUSTRY, BY REGION, 2016–2023 (USD THOUSAND)
        • Table HYBRID COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE INDUSTRY, BY REGION, 2016–2023 (TON)
    • WIND ENERGY
      • REQUIREMENT FOR LONGER AND EFFICIENT WIND BLADES TO LEAD THE DEMAND FOR CARBON/GLASS HYBRID COMPOSITES
        • Table EUROPE: ANNUAL WIND ENERGY INSTALLATIONS, 2016–2017 (MW)
        • Table APAC: ANNUAL WIND ENERGY INSTALLATIONS, 2016–2017 (MW)
        • Table HYBRID COMPOSITES MARKET SIZE IN WIND ENERGY INDUSTRY, BY REGION, 2016–2023 (USD THOUSAND)
        • Table HYBRID COMPOSITES MARKET SIZE IN WIND ENERGY INDUSTRY, BY REGION, 2016–2023 (TON)
    • AUTOMOTIVE & TRANSPORTATION
      • CARBON/GLASS, GLASS/CARBON, AND CARBON/FLEX HYBRID COMPOSITES ARE MOST COMMONLY USED IN THE AUTOMOTIVE & TRANSPORTATION INDUSTRY
        • Table HYBRID COMPOSITES MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION INDUSTRY, BY REGION, 2016–2023 (USD THOUSAND)
        • Table HYBRID COMPOSITES MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION INDUSTRY, BY REGION, 2016–2023 (TON)
    • SPORTING GOODS
      • HIGH TENSILE MODULUS, LOW DENSITY, AND LOW WEIGHT MAKE HYBRID COMPOSITES SUITABLE FOR MANY SPORTING GOODS
        • Table HYBRID COMPOSITES MARKET SIZE IN SPORTING GOODS INDUSTRY, BY REGION, 2016–2023 (USD THOUSAND)
        • Table HYBRID COMPOSITES MARKET SIZE IN SPORTING GOODS INDUSTRY, BY REGION, 2016–2023 (TON)
    • MARINE
      • DEMAND FOR HYBRID COMPOSITES IN THE MARINE INDUSTRY IS INCREASING DUE TO THEIR APPLICATIONS IN BOAT CONSTRUCTION
        • Table HYBRID COMPOSITES MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2016–2023 (USD THOUSAND)
        • Table HYBRID COMPOSITES MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2016–2023 (TON)
    • OTHERS
      • Table HYBRID COMPOSITES MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2016–2023 (USD THOUSAND)
      • Table HYBRID COMPOSITES MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2016–2023 (TON)
  • HYBRID COMPOSITES MARKET, BY REGION
    • INTRODUCTION
      • Table HYBRID COMPOSITES MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
      • Table HYBRID COMPOSITES MARKET SIZE, BY REGION, 2016–2023 (TON)
    • NORTH AMERICA
      • Table NORTH AMERICA: HYBRID COMPOSITES MARKET SIZE, BY COUNTRY, 2016–2023 (USD THOUSAND)
      • Table NORTH AMERICA: HYBRID COMPOSITES MARKET SIZE, BY COUNTRY, 2016–2023 (TON)
      • Table NORTH AMERICA: HYBRID COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
      • Table NORTH AMERICA: HYBRID COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
      • Table NORTH AMERICA: HYBRID COMPOSITES MARKET SIZE, BY RESIN, 2016–2023 (USD THOUSAND)
      • Table NORTH AMERICA: HYBRID COMPOSITES MARKET SIZE, BY RESIN, 2016–2023 (TON)
      • US
        • Table US: NEW WIND ENERGY INSTALLATIONS, 2011–2017 (MW)
      • CANADA
    • EUROPE
      • Table EUROPE: HYBRID COMPOSITES MARKET SIZE, BY COUNTRY, 2016–2023 (USD THOUSAND)
      • Table EUROPE: HYBRID COMPOSITES MARKET SIZE, BY COUNTRY, 2016–2023 (TON)
      • Table EUROPE: HYBRID COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
      • Table EUROPE: HYBRID COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
      • Table EUROPE: HYBRID COMPOSITES MARKET SIZE, BY RESIN, 2016–2023 (USD THOUSAND)
      • Table EUROPE: HYBRID COMPOSITES MARKET SIZE, BY RESIN, 2016–2023 (TON)
      • GERMANY
        • Table GERMANY: NEW WIND ENERGY INSTALLATIONS, 2011–2017 (MW)
      • FRANCE
      • UK
      • ITALY
    • APAC
      • Table APAC: HYBRID COMPOSITES MARKET SIZE, BY COUNTRY, 2016–2023 (USD THOUSAND)
      • Table APAC: HYBRID COMPOSITES MARKET SIZE, BY COUNTRY, 2016–2023 (TON)
      • Table APAC: HYBRID COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
      • Table APAC: HYBRID COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
      • Table NORTH AMERICA: HYBRID COMPOSITES MARKET SIZE, BY RESIN, 2016–2023 (USD THOUSAND)
      • Table NORTH AMERICA: HYBRID COMPOSITES MARKET SIZE, BY RESIN, 2016–2023 (TON)
      • CHINA
        • Table CHINA: NEW WIND ENERGY INSTALLATIONS, 2011–2017 (MW)
      • JAPAN
      • SOUTH KOREA
    • MEA
      • Table MEA: HYBRID COMPOSITES MARKET SIZE, BY COUNTRY, 2016–2023 (USD THOUSAND)
      • Table MEA: HYBRID COMPOSITES MARKET SIZE, BY COUNTRY, 2016–2023 (TON)
      • Table MEA: HYBRID COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
      • Table MEA: HYBRID COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
      • Table MEA: HYBRID COMPOSITES MARKET SIZE, BY RESIN, 2016–2023 (USD THOUSAND)
      • Table MEA: HYBRID COMPOSITES MARKET SIZE, BY RESIN, 2016–2023 (TON)
      • UAE
      • ISRAEL
      • SOUTH AFRICA
    • LATIN AMERICA
      • Table LATIN AMERICA: HYBRID COMPOSITES MARKET SIZE, BY COUNTRY, 2016–2023 (USD THOUSAND)
      • Table LATIN AMERICA: HYBRID COMPOSITES MARKET SIZE, BY COUNTRY, 2016–2023 (TON)
      • Table LATIN AMERICA: HYBRID COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD THOUSAND)
      • Table LATIN AMERICA: HYBRID COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
      • Table NORTH AMERICA: HYBRID COMPOSITES MARKET SIZE, BY RESIN, 2016–2023 (USD THOUSAND)
      • Table NORTH AMERICA: HYBRID COMPOSITES MARKET SIZE, BY RESIN, 2016–2023 (TON)
      • BRAZIL
        • Table BRAZIL: NEW WIND ENERGY INSTALLATIONS, 2011–2017 (MW)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • COMPETITIVE SCENARIO
      • NEW PRODUCT DEVELOPMENTS
        • Table NEW PRODUCT DEVELOPMENTS, 2016–2018
      • EXPANSIONS
        • Table EXPANSIONS, 2016–2018
      • ACQUISITIONS
        • Table ACQUISITIONS, 2016–2018
  • COMPANY PROFILES
    • ROYAL DSM N.V
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SGL GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • GURIT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • HEXCEL CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • TEIJIN LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • GENERAL ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • EXEL COMPOSITES PLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SOLVAY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • PLASTICOMP, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • INNEGRA TECHNOLOGIES, LLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • OTHER COMPANIES
      • QUANTUM COMPOSITES
      • TALON TECHNOLOGY
      • TEXTUM INC
      • C. CRAMER, WEBEREI, GMBH & CO. KG
      • COMPOSITES EVOLUTION
      • ROCK WEST COMPOSITES
      • DEVOLD AMT
      • COLAN AUSTRALIA
      • TAIWAN TAIYUAN COMPOSITES CO., LTD.
      • CIT COMPOSITE MATERIALS ITALY
      • STRUCTEAM LTD
      • QUANTUMETA
      • RTP COMPANY
      • AERODYN ENERGIESYSTEME GMBH
      • G. ANGELONI S.R.L.
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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