Global Hybrid Composites Market was valued at USD 436 Mn in 2017 and is expected to reach USD 1288 Mn by 2026, at a CAGR of 14.50 % during a forecast period.
“Hybrid Composites Market” Size 2020 to 2026 report provides a basic outline of the industry including definitions, classifications, applications and industry chain structure. The Hybrid Composites market analysis is provided for the global market including growth history, competitive background analysis, and major regions’ development status.
Hybrid composites are formed using two or more reinforcement fibers to combine properties of different fibers. These composites are used when longitudinal and lateral mechanical performances are required. The hybrid composites are formed by various configurations of fibers, which include fiber by fiber mixtures, skin-core-skin structures, layer-by-layer mixtures, tow-by-tow mixtures, internal ribs, and external ribs. The properties of a hybrid composite mainly depend upon the fiber content, length of individual fibres, orientation, extent of intermingling of fibres, fiber to matrix bonding and arrangement of both the fibres.
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The Hybrid Composites market share sector is becoming increasingly diverse with a huge range of modifications appearing across the market. With so many variants and the global Hybrid Composites market for the industry projected to increase by 2026, it’s vital to keep up-to-date with cutting-edge advancements, new technologies and inventions to stay ahead of the race in this fast-changing sector.
The strength of the hybrid composite is also dependent on the failure strain of individual fibres. Maximum hybrid results are obtained when the fibres are highly strain compatible. Hybrid composites provide wider opportunities to control material stiffness, strength, and cost. The major restraint of hybrid composite have high recurring costs, have very expensive repairs and maintenance. Additionally, they are low cost and lightweight. The increasing demand for lightweight aircraft and automobile across the globe owing to stringent regulations for environment protection by the US Environmental Protection Agency and the European Chemicals Agency is one of the primary factors promoting the growth of hybrid composites market.
Global Hybrid Composites Market was valued at USD 436 Mn in 2017 and is expected to reach USD 1288 Mn by 2026, at a CAGR of 14.50 % during a forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Hybrid Composites market dynamics, structure by identifying and analysing the market segments by Type, End-user, and Region and, project the global market size. Further, report also focus on competitive analysis of key players by price, financial position, portfolio, growth strategies and regional presence. The Hybrid Composites report also provides PEST analysis, PORTER`s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to particular market segment.
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Following are the major manufactures in the growing Hybrid Composites industry: Royal DSM N.V., SGL Group, Gurit, Hexcel Corporation, Teijin Limited, General Electric, Exel Composites, Innegra Technologies, Solvay, PlastiComp
Scope of Global Hybrid Composites Market:
Based on fiber type, Carbon/glass fiber hybrid composite parts are lighter and stronger than their metal counterparts, due to which, they are extensively used in many industries, including automotive and transportation and wind energy. Carbon/glass hybrid fiber composites are used in high-end vehicles to reduce the overall cost. Users can get up to 90% of carbon’s benefits at a cost much lower than what they would have to incur in case of using carbon fiber. Parts made out of these hybrid composites provide a high strength to weight ratio and are devoid of corrosion.Global Hybrid Composites Market, by Fiber Type:Carbon/GlassCarbon/AramidHmpp (High-Modulus Polypropylene)Uhmwpe (Ultra High Molecular Weight Polyethylene)
In terms of resins, Thermoset resins exhibit outstanding strength and crack resistance. These resins are suitable for use in automotive and transportation and marine Resins, which are some of the largest end-use industries requiring materials that possess high strength, lightweight, and flammability performance. Thermoset resin dominates the hybrid composite market owing to its wide-scale Resins in various end-use industries including automotive and transportation, aerospace and defense, wind energy, and marine.Global Hybrid Composites Market, by Resin:ThermoplasticThermosetting
In terms of end-user, the automotive and transportation segment accounts for highest share in terms of revenue in the global market. The automotive and transportation industry uses hybrid composites to reduce weight and increase the fuel efficiency of vehicles. The use of hybrid composites in the automotive industry has enabled good performance and luxury at economical pricing. The better cost and performance properties offered by hybrid composites is expected to drive their demand in the automotive and transportation end-use industry.Global Hybrid Composites Market, by End-User:Automotive and TransportationAerospace and DefenseWind EnergyMarineSporting GoodsOthers
Highlights of Hybrid Composites Market report forecast analysis:
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Detailed TOC of Global Hybrid Composites Market:
Preface
1.1. Research Objectives
1.2. Report Scope and Market Segmentation
Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary End-Users
2.3.2. Primary Research
2.3.2.1. Data from Primary End-Users
2.3.2.2. Breakdown of Primary End-Users
Executive Summary
3.1. Global Hybrid Composites Market Size, by Market Value and Market Volume
Market Dynamics
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
Market Decision Framework
5.1. Porter`s Analysis
5.2. Value Chain Analysis
5.3. SWOT Analysis
5.4. PEST Analysis
Global Hybrid Composites Market Analysis and Forecast
6.1. Global Hybrid Composites Market Sizeand Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East and Africa
6.1.5. South America
Global Hybrid Composites Market Analysis and Forecast, by Type
Global Hybrid Composites Market Analysis and Forecast, by End-User
Global Hybrid Composites Market Analysis, by Region
Competitive Landscape
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