According to a research report by Stratview Research, Hybrid Composites Market is likely to witness an impressive CAGR of 16.2% during the forecast period. High demand from the automotive & transportation, sporting goods, and wind energy end-use industries is the major factor driving the hybrid composites market. Owing to the ability of reducing weight and being stronger than their metallic counterparts, hybrid composite products are preferred. The market portrayed robust growth in the past few years owing to the increasing use in the US, Germany, China, Brazil, and Japan.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Segments' Analysis

Stratview Research has segmented the Hybrid Composites Market by Fiber Type (Carbon/Glass and Glass/Carbon, Aramid/Carbon, HMPP/Carbon, UHMWPE/Carbon, and Others), by Resin Type (Thermoset, Thermoplastic), by End-Use Industry Type (Automotive & Transportation, Marine, Aerospace & Defense, Wind Energy, Sporting Goods, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)

Based on the resin type, the market is segmented as thermoset and thermoplastic. The thermoset resin segment is expected to dominate the market in the coming five years. Thermoset resins own remarkable strength and crack resistance. These resins are felicitous for employment in automotive & transportation and marine applications, which are some of the largest end-use industries calling for materials that bear lightweight, high strength, and flammability performance. Thermoset resins command the hybrid composites market supported by their extensive applications in various end-use industries including aerospace & defense, automotive & transportation, wind energy, and marine. 

Based on the end-use industry type, the market is segmented as automotive & transportation, marine, aerospace & defense, wind energy, sporting goods, and others. The automotive & transportation segment will lead the market during the forecast period. The growth is owing to the practice that the automotive & transportation industry uses hybrid composites to reduce weight and increase the fuel efficiency of vehicles. The use of hybrid composites in the automotive industry has sponsored good performance and luxury at economical pricing. The better cost and performance properties offered by hybrid composites is expected to bolster their demand in the automotive & transportation end-use industry in the coming five years.

In terms of regions, Europe is expected to lead the global hybrid composites market. The growth is owing to the region experiencing maximum developments in the hybrid composites market. A large number of automotive and aerospace component manufacturers across the region are continuously engaged in product innovations and development in this region. The manufacturers across the region are adopting various growth strategies to underpin their position in the market.

The following are the key players in the Hybrid Composites Market -

·         Aerodyn Energiesysteme GmbH

·         Colan Australia

·         Composites Evolution

·         C. Cramer

·         Weberei

·         GmbH & Co. Kg

·         Devold Amt

·         Exel Composites PLC

·         G. Angeloni S.R.L.

·         Innegra Technologies, LLC

·         Hexcel Corporation

·         Teijin Limited.

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