Hybrid Composites: Introduction

  • Hybrid composites are composite materials made from a combination of two or more types of reinforcing fibers. Glass-carbon epoxy and carbon-aramid epoxy are the two commonly used types of hybrid composites.
  • Hybrid composites possess high strength and impact resistance. They have longitudinal as well as lateral mechanical strength. Hybrid composites are used in applications where a combination of properties offered by different reinforcing fibers is required. Five types of hybrid composites are available in the market: averaged, interlaminar, intralaminar, separate reinforcing elements, and super hybrids.
  • Fiber fillers are used to enhance impact strength, compression strength, moisture resistance, and fatigue strength of components made from plastics. They also help reduce the price of the structure without compromising upon its strength and quality.

Hybrid Composites Market: Segments

  • The global hybrid composites market can be segmented based on fiber type, resin, end-use industry, and region
  • In terms of fiber type, the market can be classified into carbon/glass, carbon/aramid, metal/plastic, wood/plastic, HMPP/carbon, UHMWPE/carbon, and others. Carbon/glass is estimated to be the dominant segment of the market during the forecast period.
  • In terms of resin, the hybrid composites market can be bifurcated into thermoset and thermoplastic. The thermoplastics segment is anticipated to dominate the market during the forecast period.
  • Based on end-use industry, the market can be divided into automotive & transportation, aerospace & defense, building & construction, wind energy, marine, sporting goods, and others. Building & construction and wind energy are anticipated to be the rapidly growing segments of the global hybrid composites market during the forecast period.

COVID-19 Impact on Hybrid Composites Market

  • Emergence of the new COVID strain in many developed and developing countries has adversely affected the health care infrastructure. Hospital staff, medicines, oxygen beds, and ventilators are in short supply. Supply chains are facing disruptions, leading to disturbances in production activities in many countries. This is adversely affecting the global hybrid composites market.
  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.

Asia Pacific to Dominate Hybrid Composites Market

  • In terms of geography, the global hybrid composites market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa
  • Asia Pacific is the major region of the global hybrid composites market. The hybrid composites market in the region is expected to expand at a rapid pace during the forecast period due to a growth of end-user industries that utilize hybrid composites. India, China, and South Korea are estimated to propel the demand for hybrid composites in the region.
  • North America is also a key consumer of hybrid composites in the world. Europe is also a significant consumer of hybrid composites.
  • Latin America and Middle East & Africa offer lucrative opportunities for the hybrid composites market. The hybrid composites market in Middle East & Africa is majorly driven by the expansion of oil & gas and downstream processing industries in the region.

Key Manufacturers Operating in Global Hybrid Composites Market

  • The global hybrid composites market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global hybrid composites market include:
    • Royal DSM
    • SGL Group – The Carbon Company
    • Gurit
    • Hexcel Corporation
    • TEIJIN LIMITED
    • Solvay SA
    • PlastiComp, Inc
    • Innegra Technologies LLC
    • Quantum Composites

Global Hybrid Composites Market: Research Scope

Global Hybrid Composites Market, by Fiber Type

  • Carbon/Glass
  • Carbon/Aramid
  • Metal/Plastic
  • Wood/Plastic
  • HMPP/Carbon
  • UHMWPE/Carbon
  • Others

Global Hybrid Composites Market, by Resin

  • Thermoset
  • Thermoplastic

Global Hybrid Composites Market, by End-use Industry

  • Automotive & Transportation
  • Aerospace & Defense
  • Building & Construction
  • Wind Energy
  • Marine
  • Sporting Goods
  • Others

Global Hybrid Composites Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
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The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Hybrid Composites Market