Hybrid Composites Market by Fiber Type, Resin (Thermoset and Thermoplastic), End-Use Industry (Automotive & Transportation, Aerospace & Defense, Wind Energy, Marine, Sporting Goods), and Region - Global Forecast to 2023

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Date: 02-Nov-2018
No. of pages: 116
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‘’The hybrid composites market is projected to register a CAGR of 15.0%, in terms of value, between 2018 and 2023.’’

The hybrid composites market size is estimated at USD 436 million in 2018 and is projected to reach USD 876 million by 2023, at a CAGR of 15.0%between 2018 and 2023. Hybrid composites offer various benefits such as non-corrosiveness, high stiffness, non-conductivity, flexibility, low maintenance, durability, design flexibility, and cost saving. Due to these properties, hybrid composites are used in various end-use industries such as aerospace & defense, transportation, sporting goods, and wind energy. The balance in cost and performance offered by the hybrid composites are major factors driving this market. However, high technology cost associated with the manufacturing of hybrid composites is restraining the growth of this market.

‘‘The thermo set resin segment is projected to dominate the hybrid composites market, between 2018 and 2023.’’

The hybrid composites market is segmented into two based on the resin used, namely, thermoset and thermoplastic resin. Thermoset resins are known for their excellent mechanical, electrical, and heat resistance properties. They are also available in a wide range of curing-agent variations. Also, these resins have better physical and adhesion properties, and lower shrinkage than the other resins, due to which they account for the largest share in this market.

‘’The automotive & transportation end-use industry segment is projected to hold the highest market share in the hybrid composites market, between 2018 and 2023.’’

Hybrid composites have major applications in the automotive & transportation industry. This has helped the automotive & transportation segment to hold the largest market share in the global hybrid composites market in 2018 in terms of value and volume. The use of hybrid composites helps in achieving the strong demand for cost-effective and lightweight solutions in the automotive & transportation industry.

‘’The hybrid composites market in APAC is projected to register the highest CAGR, in terms of value and volume, between2018 and 2023.’’

The hybrid composites market in APAC is projected to register the highest CAGR during the forecast period, in terms of value and volume. This growth can be attributed to the increasing demand from the automotive & transportation, wind energy, sporting goods, and marine end-use industries. The increasing focus of the APAC region toward large automotive manufacturing is a key factor that is helping the hybrid composites market grow in the region. Europe holds the largest market share in the hybrid composites market. This largest share is due to the demand for hybrid composites from the automotive & transportation end-use industry in Europe.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the hybrid composites market.


  • By Company Type: Tier 1- 27%, Tier 2- 46%, and Tier 3-27%

  • By Designation: C level - 27%, Director level - 37%, and Others- 36%

  • By Region: North America - 18%, Europe - 37%, APAC -27%, Middle East & Africa - 9%, and Latin America - 9%


The hybrid composites market comprises major solution providers, such as Royal DSM N.V. (Netherlands), SGL Group (Germany), Gurit (Switzerland), Hexcel Corporation (US), Teijin Limited (Japan), Solvay (Belgium), General Electric (US), Exel Composites (Finland), PlastiComp, Inc. (US), Innegra Technologies, LLC (US), STRUC Team Ltd. (UK), and QUANTUMETA (China). The study includes an in-depth competitive analysis of these key players in the hybrid composites market, with their company profiles, recent developments, and key market strategies.

Research Coverage

The study covers the hybrid composites market. It aims at estimating the market size and the growth potential of this market, across different segments, such as fiber type, resin, end-use industry, and region. Porter’s Five Forces analysis and the key market dynamics, such as drivers, restraints, challenges, and opportunities, influencing the market, have been discussed in the report. The report also provides company profiles and competitive benchmarking of major players operating in the market.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall hybrid composites market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Hybrid Composites Market by Fiber Type, Resin (Thermoset and Thermoplastic), End-Use Industry (Automotive & Transportation, Aerospace & Defense, Wind Energy, Marine, Sporting Goods), and Region - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the  Hybrid Composites Market
4.2 Hybrid Composites Market, By End-Use Industry
4.3 Hybrid Composites Market,  By End-Use Industry and Region
4.4 Hybrid Composites Market, By Fiber Type
4.5 Hybrid Composites Market, By Resin
4.6 Hybrid Composites Market, By Country

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Balance in Cost and Performance Characteristics
5.1.2 Restraints
5.1.2.1 High Technology Cost Associated With the Manufacturing of Hybrid Composites
5.1.3 Opportunities
5.1.3.1 Penetration of Hybrid Composites in Newer Applications
5.1.3.2 Growing Demand From Emerging Markets
5.1.4 Challenges
5.1.4.1 Increasing Awareness Related to Hybrid Composites
5.2 Porter’s Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Threat of Substitutes
5.2.3 Bargaining Power of Suppliers
5.2.4 Bargaining Power of Buyers
5.2.5 Intensity of Competitive Rivalry

6 Hybrid Composites Market, By Fiber Type
6.1 Introduction
6.2 Carbon/Glass and Glass/Carbon Hybrid Composites
6.3 Aramid (Kevlar)/Carbon Hybrid Composites
6.4 Hmpp/Carbon Hybrid Composites
6.5 Uhmwpe/Carbon Hybrid Composites
6.6 Other Fiber Hybrid Composites

7 Hybrid Composites Market, By Resin
7.1 Introduction
7.1.1 Thermoset Hybrid Composite
7.1.2 Thermoplastic Hybrid Composite

8 Hybrid Composites Market, By End-Use Industry
8.1 Introduction
8.2 Aerospace & Defense
8.3 Wind Energy
8.4 Automotive & Transportation
8.5 Sporting Goods
8.6 Marine
8.7 Others

9 Hybrid Composites Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Italy
9.4 APAC
9.4.1 China
9.4.2 Japan
9.4.3 South Korea
9.5 MEA
9.5.1 UAE
9.5.2 Israel
9.5.3 South Africa
9.6 Latin America
9.6.1 Brazil

10 Competitive Landscape
10.1 Introduction
10.2 Competitive Scenario
10.2.1 New Product Developments
10.2.2 Expansions
10.2.3 Acquisitions

11 Company Profiles
11.1 Royal DSM N.V
11.1.1 Business Overview
11.1.2 Products Offered
11.1.3 Recent Developments
11.1.4 SWOT Analysis
11.1.5 MnM View
11.2 SGL Group
11.2.1 Business Overview
11.2.2 Products Offered
11.2.3 SWOT Analysis
11.2.4 MnM View
11.3 Gurit
11.3.1 Business Overview
11.3.2 Products Offered
11.3.3 SWOT Analysis
11.3.4 MnM View
11.4 Hexcel Corporation
11.4.1 Business Overview
11.4.2 Products Offered
11.4.3 SWOT Analysis
11.4.4 MnM View
11.5 Teijin Limited
11.5.1 Business Overview
11.5.2 Products Offered
11.5.3 Recent Developments
11.5.4 SWOT Analysis
11.5.5 MnM View
11.6 General Electric
11.6.1 Business Overview
11.6.2 Products Offered
11.6.3 Recent Developments
11.6.4 SWOT Analysis
11.6.5 MnM View
11.7 Exel Composites PLC
11.7.1 Business Overview
11.7.2 Products Offered
11.7.3 Recent Developments
11.7.4 MnM View
11.8 Solvay
11.8.1 Business Overview
11.8.2 Products Offered
11.8.3 Recent Developments
11.8.4 MnM View
11.9 Plasticomp, Inc.
11.9.1 Business Overview
11.9.2 Products Offered
11.9.3 Recent Developments
11.9.4 MnM View
11.10 Innegra Technologies, LLC
11.10.1 Business Overview
11.10.2 Products Offered
11.10.3 MnM View
11.11 Other Companies
11.11.1 Quantum Composites
11.11.2 Talon Technology
11.11.3 Textum Inc
11.11.4 C. Cramer, Weberei, GmbH & Co. Kg
11.11.5 Composites Evolution
11.11.6 Rock West Composites
11.11.7 Devold Amt
11.11.8 Colan Australia
11.11.9 Taiwan Taiyuan Composites Co., Ltd.
11.11.10 Cit Composite Materials Italy
11.11.11 Structeam Ltd
11.11.12 Quantumeta
11.11.13 Rtp Company
11.11.14 Aerodyn Energiesysteme GmbH
11.11.15 G. Angeloni S.R.L.

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details

List of Tables

Table 1 Hybrid Composites Market Size, By Fiber Type,  2016–2023 (USD Thousand)
Table 2 Hybrid Composites Market Size, By Fiber Type, 2018–2023 (Ton)
Table 3 Carbon/Glass and Glass/Carbon Hybrid Composites Market Size, By Region, 2018–2023 (USD Thousand)
Table 4 Carbon/Glass and Glass/Carbon Hybrid Composites Market Size, By Region, 2016–2023 (Ton)
Table 5 Aramid (Kevlar)/Carbon Hybrid Composites Market Size, By Region,  2016–2023 (USD Thousand)
Table 6 Aramid (Kevlar)/Carbon Hybrid Composites Market Size, By Region,  2016–2023 (Ton)
Table 7 Hmpp/Carbon Hybrid Composites Market Size, By Region,  2016–2023 (USD Thousand)
Table 8 Hmpp/Carbon Hybrid Composites Market Size, By Region, 2016–2023 (Ton)
Table 9 Uhmwpe/Carbon Hybrid Composites Market Size, By Region,  2016–2023 (USD Thousand)
Table 10 Uhmwpe/Carbon Hybrid Composites Market Size, By Region, 2016–2023 (Ton)
Table 11 Other Fiber Hybrid Composites Market Size, By Region,  2016–2023 (USD Thousand)
Table 12 Other Fiber Hybrid Composites Market Size, By Region, 2016–2023 (Ton)
Table 13 Hybrid Composites Market Size, By Resin,  2016–2023 (USD Thousand)
Table 14 Hybrid Composites Market Size, By Resin, 2016–2023 (Ton)
Table 15 Thermoset Hybrid Composites Market Size, By Region,  2016–2023 (USD Thousand)
Table 16 Thermoset Hybrid Composites Market Size, By Region, 2016–2023 (Ton)
Table 17 Thermoplastic Hybrid Composites Market Size, By Region,  2016–2023 (USD Thousand)
Table 18 Thermoplastic Hybrid Composites Market Size, By Region, 2016–2023 (Ton)
Table 19 Hybrid Composites Market Size, By End-Use Industry,  2016–2023 (USD Thousand)
Table 20 Hybrid Composites Market Size, By End-Use Industry,  2016–2023 (Ton)
Table 21 Hybrid Composites Market Size in Aerospace & Defense Industry, By Region, 2016–2023 (USD Thousand)
Table 22 Hybrid Composites Market Size in Aerospace & Defense Industry, By Region, 2016–2023 (Ton)
Table 23 Europe: Annual Wind Energy Installations, 2016–2017 (MW)
Table 24 APAC: Annual Wind Energy Installations, 2016–2017 (MW)
Table 25 Hybrid Composites Market Size in Wind Energy Industry,  By Region, 2016–2023 (USD Thousand)
Table 26 Hybrid Composites Market Size in Wind Energy Industry,  By Region, 2016–2023 (Ton)
Table 27 Hybrid Composites Market Size in Automotive & Transportation Industry,  By Region, 2016–2023 (USD Thousand)
Table 28 Hybrid Composites By Market Size in  Automotive & Transportation Industry, By Region, 2016–2023 (Ton)
Table 29 Hybrid Composites By Market Size in Sporting Goods Industry,  By Region, 2016–2023 (USD Thousand)
Table 30 Hybrid Composites By Market Size in Sporting Goods Industry,  By Region, 2016–2023 (Ton)
Table 31 Hybrid Composites By Market Size in Marine Industry, By Region,  2016–2023 (USD Thousand)
Table 32 Hybrid Composites By Market Size in Marine Industry, By Region,  2016–2023 (Ton)
Table 33 Hybrid Composites By Market Size in Other End-Use Industries, By Region,  2016–2023 (USD Thousand)
Table 34 Hybrid Composites By Market Size in Other End-Use Industries, By Region,  2016–2023 (Ton)
Table 35 Hybrid Composites By Market Size, By Region,  2016–2023 (USD Thousand)
Table 36 Hybrid Composites By Market Size, By Region, 2016–2023 (Ton)
Table 37 North America: By Market Size, By Country,  2016–2023 (USD Thousand)
Table 38 North America: By Market Size, By Country, 2016–2023 (Ton)
Table 39 North America: By Market Size,  By End-Use Industry, 2016–2023 (USD Thousand)
Table 40 North America: By Market Size,  By End-Use Industry, 2016–2023 (Ton)
Table 41 North America: By Market Size, By Resin,  2016–2023 (USD Thousand)
Table 42 North America: By Market Size, By Resin, 2016–2023 (Ton)
Table 43 US: New Wind Energy Installations, 2011–2017 (MW)
Table 44 Europe: By Market Size, By Country,  2016–2023 (USD Thousand)
Table 45 Europe: By Market Size, By Country,  2016–2023 (Ton)
Table 46 Europe: By Market Size, By End-Use Industry,  2016–2023 (USD Thousand)
Table 47 Europe: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 48 Europe: By Market Size, By Resin, 2016–2023 (USD Thousand)
Table 49 Europe: By Market Size, By Resin, 2016–2023 (Ton)
Table 50 Germany: New Wind Energy Installations, 2011–2017 (MW)
Table 51 APAC: By Market Size, By Country,  2016–2023 (USD Thousand)
Table 52 APAC: By Market Size, By Country, 2016–2023 (Ton)
Table 53 APAC: By Market Size, By End-Use Industry,  2016–2023 (USD Thousand)
Table 54 APAC: By Market Size, By End-Use Industry,  2016–2023 (Ton)
Table 55 North America: By Market Size, By Resin,  2016–2023 (USD Thousand)
Table 56 North America: By Market Size, By Resin, 2016–2023 (Ton)
Table 57 China: New Wind Energy Installations, 2011–2017 (MW)
Table 58 MEA: By Market Size, By Country,  2016–2023 (USD Thousand)
Table 59 MEA: By Market Size, By Country, 2016–2023 (Ton)
Table 60 MEA: By Market Size, By End-Use Industry,  2016–2023 (USD Thousand)
Table 61 MEA: By Market Size, By End-Use Industry,  2016–2023 (Ton)
Table 62 MEA: By Market Size, By Resin, 2016–2023 (USD Thousand)
Table 63 MEA: By Market Size, By Resin, 2016–2023 (Ton)
Table 64 Latin America: By Market Size, By Country,  2016–2023 (USD Thousand)
Table 65 Latin America: By Market Size, By Country,  2016–2023 (Ton)
Table 66 Latin America: By Market Size, By End-Use Industry,  2016–2023 (USD Thousand)
Table 67 Latin America: By Market Size,  By End-Use Industry, 2016–2023 (Ton)
Table 68 North America: By Market Size, By Resin,  2016–2023 (USD Thousand)
Table 69 North America: By Market Size, By Resin, 2016–2023 (Ton)
Table 70 Brazil: New Wind Energy Installations, 2011–2017 (MW)
Table 71 New Product Developments, 2016–2018
Table 72 Expansions, 2016–2018
Table 73 Acquisitions, 2016–2018

List of Figures

Figure 1 Hybrid Composites Market Segmentation
Figure 2 Hybrid Composites Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Hybrid Composites Market: Data Triangulation
Figure 6 Carbon/Glass and Glass/Carbon Fiber Hybrid Composites to Dominate the Global Hybrid Composites Market
Figure 7 Thermoset Resin to Dominate the Global Hybrid Composites Market
Figure 8 Automotive & Transportation Industry to Drive the Global Hybrid Composites Market, 2018–2023
Figure 9 APAC to Register the Highest CAGR Between 2018 and 2023
Figure 10 Increased Demand for Hybrid Composites in the Automotive & Transportation Industry
Figure 11 Automotive & Transportation to Be the Largest End-Use Industry of Hybrid Composites
Figure 12 Automotive & Transportation Was the Largest End-Use Industry of Hybrid Composites, 2017
Figure 13 Carbon/Glass and Glass/Carbon to Be the Largest Fiber Type of Hybrid Composites
Figure 14 Thermoset Resin to Be the Larger Resin Type of Hybrid Composites
Figure 15 China to Be the Fastest-Growing Hybrid Composites Market
Figure 16 Overview of Factors Governing the Hybrid Composites Market
Figure 17 Hybrid Composites Market: Porter’s Five Forces Analysis
Figure 18 Carbon/Glass and Glass/Carbon Fiber to Lead the Hybrid Composites Market, 2018 vs 2023
Figure 19 Europe to Lead the  Carbon/Glass and Glass/Carbon Hybrid Composites Market
Figure 20 APAC to Be the Fastest-Growing Region in the Aramid Fiber Hybrid Composites Market
Figure 21 Epoxy Resin to Dominate the Hybrid Composites Market
Figure 22 Europe to Dominate the Thermoset Hybrid Composites Market
Figure 23 Europe to Dominate the Thermoplastic Hybrid Composites Market
Figure 24 Hybrid Composites Market to Witness the Highest Growth in  the Wind Energy Industry
Figure 25 North America to Drive the Hybrid Composites Market in the Aerospace & Defense Industry, 2018 vs 2023
Figure 26 Europe to Drive the Hybrid Composites Market in the  Wind Energy Industry, 2018 vs 2023
Figure 27 APAC to Drive the Hybrid Composites Market in  the Automotive & Transportation Industry, 2018 vs 2023
Figure 28 APAC to Drive the Hybrid Composites Market in the Sporting Goods Industry, 2018 vs 2023
Figure 29 North America to Drive the Hybrid Composites Market in the Marine Industry, 2018 vs 2023
Figure 30 Europe to Drive the Hybrid Composites Market in  Other End-Use Industries, 2018 vs 2023
Figure 31 China to Be the Fastest-Growing Hybrid Composites Market
Figure 32 North America: Hybrid Composites Market Snapshot
Figure 33 Europe: Hybrid Composites Market Snapshot
Figure 34 APAC: Hybrid Composites Market Snapshot
Figure 35 Companies Adopted Acquisition as the Key Growth Strategy Between 2016 and 2018
Figure 36 Royal DSM N.V.: Company Snapshot
Figure 37 SGL Group: Company Snapshot
Figure 38 SGL Group: SWOT Analysis
Figure 39 Gurit: Company Snapshot
Figure 40 Hexcel Corporation: Company Snapshot
Figure 41 Teijin Limited: Company Snapshot
Figure 42 General Electric: Company Snapshot
Figure 43 Exel Composites PLC: Company Snapshot
Figure 44 Solvay: Company Snapshot

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