Hybrid Composites Market are used in those applications where a combination of properties offered through different reinforcing fibers is required. The asset of the hybrid composite is also dependent on the failure strain of individual fibers. Hybrid composites deliver broader opportunities to control material strength, stiffness, and expense. Furthermore, due to lightweight and low price, hybrid composites are highly appropriate for use in transportation, automobile and aerospace industries. These industries require lightweight materials with flammability and high strength performance. Construction and Building are anticipated to be the rapidly developing sectors of the hybrid composites market globally.

Data Bridge Market Research analyses that the hybrid composites market was valued at USD 641.21 million in 2021 and is expected to reach USD 1793.47 million by 2029, registering a CAGR of 13.72 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

Market Definition

Hybrid composites are the composites that have a combination of two or more reinforcement fibres.

The most common hybrid composites are glass-carbon reinforced epoxy because it gives a strong material at reasonable costs and carbon-aramid reinforced epoxy because it increases the combines strength and impact of resistance. Hybrid composites are commonly used when lateral as well as longitudinal mechanical performances are required and when a combination of properties of different kinds of fibres wants to be achieved.

Opportunities

The rising application will create growth opportunities for the hybrid composites market and increase the adoption into several markets. In transportation and automotive increase the use of glass fibre material. Fibre and Glass composites have high strength and lightweight properties, increasing the demand for these composites in the market. The hybrid material provides cost-effectiveness and high performance of fibreglass which attract end-users. This sector of the market will witness for high development in coming years. 

Moreover, upsurge in emerging new market and strategic collaborations will act as market drivers and further increase useful opportunities for the market's growth rate.

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Competitive Landscape and Hybrid Composites Market Share Analysis

The 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 to hybrid composites market.

Some of the major players operating in the hybrid composites market are:

  • Quantum Composites (US)
  • Textum OPCO, LLC (US)
  • Composites Evolution (UK)
  • DEVOLD AMT (Norway)
  • Taiyuan Heavy Industry Co.,Ltd (China)
  • STRUCTeam (UK)
  • RTP Company (USA)
  • G. Angeloni s.r.l (Italy)
  • Talon Technology Co.,Ltd (US)
  • Rock West Composites, Inc (US)
  • COLAN AUSTRALIA, (Australia)
  • CIT Composite Materials Italy (Italy)
  • SGL Carbon (Germany)
  • Gurit (Switzerland)
  • Hexcel Corporation (US)
  • Exel Composites (Finland)
  • General Electric (US)
  • Solvay (Belgium)
  • LANXESS (Germany)
  • Avient Corporation (US)
  • Aerodyn GmbH (Germany)
  • C. Cramer, Weberei, GmbH & Co. KG (Germany)
  • Innegra Technologies, LLC (US)
  • Teijin Aramid B.V (Japan)

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Global Hybrid Composites Market Scope

The hybrid composites market is segmented on the basis fibre, resin and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Fiber

  • Carbon or Glass
  • Aramid or Carbon
  • HMPP
  • UHMWPE
  • Others

 Resin

  • Thermoset
  • Thermoplastic

End-User

  • Automotive and Transportation
  • Aerospace and Defence
  • Wind Energy
  • Marine
  • Sporting Goods
  • Others

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