Global Hybrid Composites Market, By Fiber Type (Carbon/Glass, Aramid/Carbon, HMPP, UHMWPE, Others), Resin Type (Thermoset, Thermoplastic), End-Use (Automotive & Transportation, Aerospace & Defense, Wind Energy, Marine, Sporting Goods, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Hybrid composites market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 13.50% in the forecast period of 2020 to 2027 and is expected to reach USD 1,522.42 Billion by 2027. The rising demand for its application in various industries such as aerospace and defense, wind energy and automotive is escalating the growth of hybrid composites market.
Hybrid composites refer to composite materials fabricated from a combination of two or more types of reinforcing fibers which possess properties like resistance and high strength. These are used where combination of properties offered by different reinforcing fibers is required.
The high demand of hybrid composites owning to its lightweight property by the automotive and aerospace sectors and the expansion of these respective industries are the major factors driving the hybrid composites market.. Increases in concerns associated with the co2 emission and fuel consumption have compelled manufacturers to adopt hybrid composites as an alternative to metal components which accelerates the market growth. Additionally, technological advancements to curb down manufacturing cycle time and product’s superiority over conventional processing techniques owning to its enhanced mechanical features such overall amenability affects the market. Furthermore, increasing penetration of hybrid composites in newer applications and rise in demand from emerging markets extend profitable opportunities to the market players in the forecast period of 2020 to 2027.
On the other hand, high cost for technology required for the manufacturing of hybrid composites is expected to obstruct the market growth. Growth in awareness regarding the material will challenge the market.
This hybrid composites market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on hybrid composites market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Hybrid Composites Market Scope and Market Size
Hybrid composites market is segmented on the basis of fiber type, resin type and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of fiber type, the hybrid composites market is segmented into carbon/glass, aramid/carbon, HMPP, UHMWPE and others.
- On the basis of resin type, the hybrid composites market is segmented into thermoset and thermoplastic.
- On the basis of end-use, the hybrid composites market is segmented into automotive and transportation, aerospace and defense, wind energy, marine, sporting goods and others.
Global Hybrid Composites Market Country Level Analysis
Global hybrid composites market is analyzed and market size, volume information is provided by country, fiber type, resin type and end-use as referenced above.
The countries covered in the hybrid composites market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the hybrid composites market due to the significant growth of industries such as automotive, marine and aerospace and defense in the region. Asia-Pacific is expected to witness the fastest growth because of the increase in automotive production and expansion of manufacturing industries in the forecast period of 2020 to 2027.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hybrid Composites Market Share Analysis
Hybrid composites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related hybrid composites market.
The major players covered in the hybrid composites market report are Quantum Composites, Textum Inc, Composites Evolution, DEVOLD AMT, Taiyuan Heavy Industry Co.,Ltd, STRUCTeam Ltd, RTP Company, G. Angeloni s.r.l., Talon Technology Co.,Ltd., Rock West Composites, Inc., COLAN AUSTRALIA, CIT Composite Materials Italy, QUANTUMETA, SGL Carbon, Gurit, Hexcel Corporation, Exel Composites, General Electric, Solvay, LANXESS, Avient Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Hybrid Composites Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.