The Hybrid Composites Market Size was valued at USD 872.5 Million in 2023 and is expected to reach USD 2,576.0 Million by 2032, growing at a CAGR of 12.8% over the forecast period of 2024-2032.
To Get more information on Hybrid Composites Market - Request Free Sample Report
The hybrid composites market is growing due to increasing demand for lightweight, high-performance materials. This report covers supply chain analysis, highlighting key suppliers and production efficiencies, along with pricing analysis by cost trends. Investment and funding insights explore mergers and government support. The sustainability impact examines recyclability and regulations, while demand-supply gap analysis does its best to expose production challenges. There is also a performance comparison with other materials and a report on the customization trends in the aerospace and automotive industries.
Drivers
Rising demand for lightweight and high-strength materials in automotive and aerospace sectors drives the hybrid composites market growth
The increasing demand for fuel efficiency and improved performance in automotive and aerospace industries is a key factor driving the hybrid composites market. Owing to their better strength-to-weight ratios, hybrid composites are being widely adopted by manufacturers to minimize weight and improve fuel economy of vehicles which gives a reason for its market growth. Hybrid composites are used in structural components, fuselage sections and aircraft interiors to provide durability and keep them lightweight, and used in the aerospace sector. Moreover, stringent emission regulations coupled with the aforementioned benefits is paving the way for the automotive industry to move towards the use of hybrid composites in applications related to body panels, chassis, and interiors. Moreover, the market is being driven by the rising adoption rate of electric vehicles, with hybrid composites aiding not only in reducing costs for battery enclosures but also providing lightweight structural components that contribute to enhanced overall vehicle performance. As R&D progresses, hybrid composite materials innovate and broaden their uses, making such materials a practical choice for sustainable, cost-efficient performance enhancement manufacturers.
Restraints
Limited Recycling Infrastructure and Challenges in Material Separation Restrict Hybrid Composites Market Growth
Limited recycling facilities and material separation pose challenges for hybrid composites, however, and that needs to be addressed at a higher level. Hybrid composites have become increasingly popular in industries such as automotive and aerospace; however, their heterogeneous structure, combining multiple types of fibres and resin matrices, makes recycling a challenge when compared to conventional composites. Recycling methods vary greatly, leading to massive waste production that goes against the sustainability commitments of many sectors. Moreover, mechanical and thermal properties of hybrid composites can be diminished by the recycling process, resulting in a reduced performance when used in secondary applications. Moreover, the lack of recycling rules makes it more difficult for manufacturers to find affordable disposal solutions that align with the environment. In order to get around this limitation, new automotive composites need to achieve significant developments in optimising the recycling systems, such as mechanical and chemical processes to enable the separation of the fibre and resin fractions. Material scientists and manufacturers must work together to ensure innovative solutions to hybrid composite's recycling challenges, as circular economy initiatives will require more investment than it is bringing at the moment.
Opportunities
Rising adoption of hybrid composites in the sporting goods industry presents growth potential
The increasing popularity of hybrid composites in sporting goods provides the market players with new growth opportunities. With their lightweight and high strength, hybrid composites are increasingly being used for the manufacture of bicycles, golf clubs, tennis rackets, and other sporting goods. High-calibre sports equipment enhancing athletes' performance boosts high-investment activities of manufactures in advanced composite materials. Further, with better impact resistance and durability than conventional materials, hybrid composites provide excellent applications in extreme sports. The growing preference among consumers for durable and lightweight sports equipment provides added impetus for using hybrid composites. Sporting goods companies have joined forces with composite manufacturers for fresh product designs resulting in improved aerodynamic performance. The growing involvement of fitness and outdoor recreational activities is expected to be a key driver for hybrid composites in the sporting goods market in the forecast period.
Challenge
Fluctuating raw material availability and supply chain disruptions impact hybrid composites market stability
The hybrid composites market is facing challenges such as the availability of raw materials, as the supply of essential components such as carbon fibres, aramid fibres, and specialty resins tends to be influenced by geopolitical and economic aspects. Trade restrictions, labour shortages and transportation bottlenecks, among other things that can disrupt supply chains, will see material shortages and price volatility. The reliance on specific geographies for raw material sourcing compounds supply chain risk. To overcome these limitations, manufacturers are looking for alternative fibre and resin sources; however, improving uniformity in quality and performance is still a challenge in this area. To sustain growth in the hybrid composites market, the key driver is the creation of a more resilient supply chain that will ensure upturn and stabilization in demand through diversified sourcing strategies and production capabilities locally.
By Fiber Type
In 2023, the Carbon/Glass Fiber segment dominated and accounted for the largest share of approximately 49% in the hybrid composites market. Carbon and glass fibers are widely used across important sectors such as automotive, aerospace, and renewable energy, resulting in this dominance. The lightweight and high-strength property of the carbon fibers makes excellent for decreasing weight in a variety of automotive and aerospace applications. The durability of glass fibers coupled with the low cost are other few factors of gaining preference in the market. Automobile manufacturers like Ford and BMW are using carbon/glass hybrid composites to improve fuel economy in their vehicles. According to the Global Wind Energy Council the introduction of carbon and glass fibers in the composite composition of wind turbine blades improved operational efficiency, reduced maintenance costs, and this has led to the widespread use of these materials in the development of renewable energy projects.
By Resin Type
The Thermoset Resin segment dominated and accounted for a market share of around 52% in the hybrid composites market in 2023 and is expected to maintain its dominance owing to their superior mechanical properties such as chemical resistance and temperature resistance. Thermosets are specifically designed for an industrial landscape requiring their hardware to endure challenging performance conditions in both static and dynamic mode of operation, like automotive, aerospace, and wind energy. Thermoset resins offer superior structural integrity and resistance to degradation in severe service environments. For instance, thermoset composites are used in the aerospace industry for aircraft structures, where the performance and safety are critical. However, the global composites materials market report highlights that these thermoset resins remain the most common type of composites in these applications given their proven reliability and history of use in these demanding applications. It strongly positions thermoset resins to meet the consistent demand for lightweight but durable materials in applications like energy-efficient vehicles and wind turbine blades.
By End-use
In 2023, Automotive & Transportation industry dominated the hybrid composites market with the highest share of 38%. This dominance is driven by the need for lightweight materials to achieve fuel efficiency, reduce emissions, and optimize overall vehicle performance. Hybrids, which add together the strengths of carbon and glass fiber with a variety of resins, are becoming more common in vehicle components like body panels, chassis, and interiors. For instance, Volkswagen and General Motors, both automotive giants, have implemented hybrid composite materials in various models of their electric vehicles to promote weight reduction and energy efficiency. As the automotive sector focuses more on electric vehicles, the International Energy Agency reports that the application of hybrid composites has been advancing. Increasing attention towards fuel economy and eco-friendliness in automotive segment is anticipated to continue driving the hybrid composites demand in transportation.
In 2023, the Asia Pacific region dominated the hybrid composites market with a market share of around 34%. The dominance is primarily due to flourishing manufacturing industries within the region, the automotive, aerospace, and construction sectors. Countries such as China and India are undergoing rapid development, with a rising demand for lightweight high strength materials, contributing very prominently to the growth of hybrid composites. China is focused on developing sustainable, energy-efficient forms of transport, and this drive has resulted in the uptake of hybrid composites in electric vehicles there. Companies in the Indian automotive industry have increasingly started adopting hybrid composites to improve fuel efficiency and decrease carbon emissions. The growing wind energy sector of the region especially due to regions such as China and Japan use hybrid composites for the manufacturing of lighter and effective wind turbine blades. Asia Pacific is also witnessing the development of novel; inexpensive manufacturing processes further widens the applicability of hybrid composites across industries. As a result, the regional market is likely to grow due to rising technological and infrastructure developments.
Get Customized Report as per Your Business Requirement - Enquiry Now
Key Players
Avient Corporation (Amodel PPA, Matrix Resin)
Exel Composites (Carbon Fiber Reinforced Tubes, Pultruded Profiles)
General Electric (Ultem Resin, Thermoplastic Composite Materials)
Gurit Services AG (Prepreg Laminates, Structural Core Materials)
Hexcel Corp. (HexWeb Honeycomb, HexPly Prepregs)
Huntsman International LLC (Araldite Epoxy Resins, Rilsan Nylon 11)
Innegra Technologies, LLC (Innegra S Fibers, Innegra HPP)
KINECO - KAMAN (Kinecoat Coatings, Kinefiber Reinforcements)
LANXESS (Tepex Composite Materials, Durethan Polyamides)
Mitsubishi Chemical Carbon Fiber and Composites, Inc. (T700 Carbon Fiber, Olin Carbon Fiber)
Owens Corning (Owens Corning™ Composites, Glass Fiber Reinforcements)
PlastiComp, Inc. (Long Fiber Reinforced Thermoplastics, Compounds)
Quantum Composites (QX5000, Carbon Fiber Prepregs)
RTP Company (Glass Fiber Reinforced Thermoplastics, Custom Compounds)
SABIC (Lexan Polycarbonate, ULTEM Polyetherimide)
SGL Carbon (Sigrafil Carbon Fibers, Sigraflex Prepregs)
Solvay S.A. (Cycom Prepregs, Ryton PPS)
Teijin Ltd. (Tenax Carbon Fiber, T-Core Composite Core Materials)
Toray Advanced Composites (Torayca Carbon Fiber, Prepreg Materials)
Textum OPCO, LLC (Textum Hybrid Composites, Prepreg Materials)
Recent Highlights
October 2024: Sustainable solutions from $10B Avient were showcased at Fakuma 2024, including thermoplastic elastomers with recycled-content and metallic-effect sulfone compounds. These advancements are designed to offer sustainable options for sectors such as the automotive and electronics industries.
June 2024: SABIC showcased its wide range of thermoplastic solutions at the Battery Show, Europe 2024, aimed at improving performance and durability in EV batteries while putting an emphasis on sustainability and lighter components in the automotive industry.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 872.5 Million |
| Market Size by 2032 | USD 2,576.0 Million |
| CAGR | CAGR of 12.8% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | •By Fiber Type (Carbon/Glass, Aramid/Carbon, High Modulus Polypropylene (HMPP), Ultra-high Molecular Weight Polyethylene (UHMWPE), Others) •By Resin Type (Thermoset, Thermoplastic) •By End-use (Automotive & Transportation, Aerospace & Defense, Wind Energy, Marine, Sporting Goods, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Teijin Ltd., DSM N.V., Hexcel Corp., Solvay S.A., Avient Corporation, Gurit Services AG, Mitsubishi Chemical Carbon Fiber and Composites, Inc., Owens Corning, SABIC, Toray Advanced Composites and other key players |
Ans: The Hybrid Composites Market was valued at USD 872.5 million in 2023.
Ans: The Hybrid Composites Market is expected to reach USD 2,576.0 million by 2032.
Ans: The Hybrid Composites Market is projected to grow at a CAGR of 12.8% over the forecast period.
Ans: The Carbon/Glass Fiber segment dominated the Hybrid Composites Market, accounting for approximately 49% in 2023.
Ans: The Asia Pacific region dominated the Hybrid Composites Market with a share of around 34% in 2023.
Table of Contents:
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Supply Chain Analysis
5.2 Pricing Analysis
5.3 Investment and Funding Analysis
5.4 Sustainability and Environmental Impact
5.5 Demand-Supply Gap Analysis
5.6 Performance Comparison with Alternative Materials
5.7 Customization Trends in Hybrid Composites
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Hybrid Composites Market Segmentation, by Fiber Type
7.1 Chapter Overview
7.2 Carbon/Glass
7.2.1 Carbon/Glass Market Trends Analysis (2020-2032)
7.2.2 Carbon/Glass Market Size Estimates and Forecasts to 2032 (USD Million)
7.3 Aramid/Carbon
7.3.1 Aramid/Carbon Market Trends Analysis (2020-2032)
7.3.2 Aramid/Carbon Market Size Estimates and Forecasts to 2032 (USD Million)
7.4 High Modulus Polypropylene (HMPP)
7.4.1 High Modulus Polypropylene (HMPP) Market Trends Analysis (2020-2032)
7.4.2 High Modulus Polypropylene (HMPP) Market Size Estimates and Forecasts to 2032 (USD Million)
7.5 Ultra-high Molecular Weight Polyethylene (UHMWPE)
7.5.1 Ultra-high Molecular Weight Polyethylene (UHMWPE) Market Trends Analysis (2020-2032)
7.5.2 Ultra-high Molecular Weight Polyethylene (UHMWPE) Market Size Estimates and Forecasts to 2032 (USD Million)
7.6 Others
7.6.1 Others Market Trends Analysis (2020-2032)
7.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Million)
8. Hybrid Composites Market Segmentation, by Resin Type
8.1 Chapter Overview
8.2 Thermoset
8.2.1 Thermoset Market Trends Analysis (2020-2032)
8.2.2 Thermoset Market Size Estimates and Forecasts to 2032 (USD Million)
8.3 Thermoplastic
8.3.1 Thermoplastic Market Trends Analysis (2020-2032)
8.3.2 Thermoplastic Market Size Estimates and Forecasts to 2032 (USD Million)
9. Hybrid Composites Market Segmentation, by End-use
9.1 Chapter Overview
9.2 Automotive & Transportation
9.2.1 Automotive & Transportation Market Trends Analysis (2020-2032)
9.2.2 Automotive & Transportation Market Size Estimates and Forecasts to 2032 (USD Million)
9.3 Aerospace & Defense
9.3.1 Aerospace & Defense Market Trends Analysis (2020-2032)
9.3.2 Aerospace & Defense Market Size Estimates and Forecasts to 2032 (USD Million)
9.4 Wind Energy
9.4.1 Wind Energy Market Trends Analysis (2020-2032)
9.4.2 Wind Energy Market Size Estimates and Forecasts to 2032 (USD Million)
9.5 Marine
9.5.1 Marine Market Trends Analysis (2020-2032)
9.5.2 Marine Market Size Estimates and Forecasts to 2032 (USD Million)
9.6 Sporting Goods
9.6.1 Sporting Goods Market Trends Analysis (2020-2032)
9.6.2 Sporting Goods Market Size Estimates and Forecasts to 2032 (USD Million)
9.7 Others
9.7.1 Others Market Trends Analysis (2020-2032)
9.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Million)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Hybrid Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.2.3 North America Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.2.4 North America Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.2.5 North America Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.2.6 USA
10.2.6.1 USA Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.2.6.2 USA Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.2.6.3 USA Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.2.7 Canada
10.2.7.1 Canada Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.2.7.2 Canada Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.2.7.3 Canada Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.2.8 Mexico
10.2.8.1 Mexico Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.2.8.2 Mexico Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.2.8.3 Mexico Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Hybrid Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.3.1.3 Eastern Europe Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.1.4 Eastern Europe Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.1.5 Eastern Europe Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3.1.6 Poland
10.3.1.6.1 Poland Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.1.6.2 Poland Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.1.6.3 Poland Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3.1.7 Romania
10.3.1.7.1 Romania Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.1.7.2 Romania Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.1.7.3 Romania Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.1.8.2 Hungary Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.1.8.3 Hungary Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.1.9.2 Turkey Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.1.9.3 Turkey Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.1.10.2 Rest of Eastern Europe Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.1.10.3 Rest of Eastern Europe Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Hybrid Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.3.2.3 Western Europe Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.2.4 Western Europe Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.2.5 Western Europe Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3.2.6 Germany
10.3.2.6.1 Germany Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.2.6.2 Germany Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.2.6.3 Germany Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3.2.7 France
10.3.2.7.1 France Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.2.7.2 France Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.2.7.3 France Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3.2.8 UK
10.3.2.8.1 UK Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.2.8.2 UK Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.2.8.3 UK Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3.2.9 Italy
10.3.2.9.1 Italy Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.2.9.2 Italy Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.2.9.3 Italy Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3.2.10 Spain
10.3.2.10.1 Spain Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.2.10.2 Spain Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.2.10.3 Spain Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.2.11.2 Netherlands Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.2.11.3 Netherlands Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.2.12.2 Switzerland Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.2.12.3 Switzerland Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3.2.13 Austria
10.3.2.13.1 Austria Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.2.13.2 Austria Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.2.13.3 Austria Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.3.2.14.2 Rest of Western Europe Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.3.2.14.3 Rest of Western Europe Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Hybrid Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.4.3 Asia Pacific Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.4.4 Asia Pacific Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.4.5 Asia Pacific Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.4.6 China
10.4.6.1 China Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.4.6.2 China Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.4.6.3 China Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.4.7 India
10.4.7.1 India Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.4.7.2 India Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.4.7.3 India Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.4.8 Japan
10.4.8.1 Japan Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.4.8.2 Japan Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.4.8.3 Japan Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.4.9 South Korea
10.4.9.1 South Korea Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.4.9.2 South Korea Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.4.9.3 South Korea Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.4.10 Vietnam
10.4.10.1 Vietnam Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.4.10.2 Vietnam Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.4.10.3 Vietnam Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.4.11 Singapore
10.4.11.1 Singapore Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.4.11.2 Singapore Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.4.11.3 Singapore Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.4.12 Australia
10.4.12.1 Australia Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.4.12.2 Australia Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.4.12.3 Australia Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.4.13.2 Rest of Asia Pacific Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.4.13.3 Rest of Asia Pacific Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Hybrid Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.5.1.3 Middle East Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.5.1.4 Middle East Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.5.1.5 Middle East Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.5.1.6 UAE
10.5.1.6.1 UAE Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.5.1.6.2 UAE Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.5.1.6.3 UAE Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.5.1.7.2 Egypt Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.5.1.7.3 Egypt Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.5.1.8.2 Saudi Arabia Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.5.1.8.3 Saudi Arabia Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.5.1.9.2 Qatar Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.5.1.9.3 Qatar Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.5.1.10.2 Rest of Middle East Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.5.1.10.3 Rest of Middle East Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Hybrid Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.5.2.3 Africa Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.5.2.4 Africa Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.5.2.5 Africa Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.5.2.6.2 South Africa Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.5.2.6.3 South Africa Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.5.2.7.2 Nigeria Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.5.2.7.3 Nigeria Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.5.2.8.2 Rest of Africa Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.5.2.8.3 Rest of Africa Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Hybrid Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.6.3 Latin America Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.6.4 Latin America Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.6.5 Latin America Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.6.6 Brazil
10.6.6.1 Brazil Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.6.6.2 Brazil Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.6.6.3 Brazil Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.6.7 Argentina
10.6.7.1 Argentina Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.6.7.2 Argentina Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.6.7.3 Argentina Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.6.8 Colombia
10.6.8.1 Colombia Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.6.8.2 Colombia Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.6.8.3 Colombia Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Hybrid Composites Market Estimates and Forecasts, by Fiber Type (2020-2032) (USD Million)
10.6.9.2 Rest of Latin America Hybrid Composites Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Million)
10.6.9.3 Rest of Latin America Hybrid Composites Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
11. Company Profiles
11.1 Teijin Ltd.
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 DSM N.V.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Hexcel Corp.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Solvay S.A.
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Avient Corporation
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Gurit Services AG
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Mitsubishi Chemical Carbon Fiber and Composites, Inc.
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Owens Corning
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 SABIC
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Toray Advanced Composites
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Fiber Type
Carbon/Glass
Aramid/Carbon
High Modulus Polypropylene (HMPP)
Ultra-high Molecular Weight Polyethylene (UHMWPE)
Others
By Resin Type
Thermoset
Thermoplastic
By End-use
Automotive & Transportation
Aerospace & Defense
Wind Energy
Marine
Sporting Goods
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players
The Acetonitrile Market size was USD 414.94 Million in 2023 and is expected to reach USD 692.74 Million by 2032, growing at a CAGR of 5.86 % from 2024-2032.
The UV Curable Resins & Formulated Products Market Size was USD 5.5 billion in 2023 & will reach to $12.8 Bn by 2032 & grow at a CAGR of 9.9% by 2024-2032.
The Epoxy Resins Market Size was valued at USD 12.89 billion in 2023 and is expected to reach USD 20.85 billion by 2032 and grow at a CAGR of 5.49% over the forecast period 2024-2032.
The Surfactants Market Size was valued at USD 48.2 billion in 2023 and is expected to reach USD 72.2 billion by 2032 and grow at a CAGR of 4.6% over the forecast period 2024-2032.
The Aroma Chemicals Market Size was valued at USD 5.59 Billion in 2023 and is expected to reach USD 8.66 Billion by 2032, growing at a CAGR of 4.99% over the forecast period of 2024-2032.
The Bio Solvents Market Size was USD 4.0 Billion in 2023. It is expected to grow to USD 5.7 Billion by 2032 and grow at a CAGR of 4.01% by 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2025 All Rights Reserved by SNS Insider Pvt Ltd
