Global Hybrid Composites Market Overview:
Hybrid composites is combination of two or more reinforcement fibers. One of the popular hybrid composite is carbon-aramid reinforced epoxy (which gives strength & impact resistance) and glass-carbon reinforced epoxy (which gives a strong material). There are various properties of hybrid composites such as tensile modulus, compressive strength and impact strength, highly efficient and high performance structural material. The applications of hybrid composites includes automotive & transportation, aerospace & defense, wind energy, marine and sporting goods. Some of the players profiled in the study are Royal DSM N.V. (Netherlands), SGL Group (Germany), Toray Composite Materials America, Inc. (United States), Gurit (Switzerland), RTP Company (United States), Hexcel Corporation (United States), Teijin Limited (Japan), General Electric (United States), LANXESS Corporation (Germany) and Exel Composites (Finland). According to Market Analyst at AMA, the Global Hybrid Composites market may see a growth rate of 14.8%
On the basis of geography, the market of Hybrid Composites has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Switzerland, United Kingdom, Finland, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Fiber, the sub-segment i.e. Carbon/Glass will boost the Hybrid Composites market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resin , the sub-segment i.e. Epoxy will boost the Hybrid Composites market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rising Demand in Construction Industry
- Balance in Cost and Performance Characteristics
- Increasing Demand in New Applications
- Adoption of Hybrid Composites in Automotive Transportation
- High Demand of Thermoset Resin
- High Cost for Manufacturing Process
- Lack of Awareness about hybrid Composite
- Rising Demand in Emerging Countries
Key Market Developments:
1st October 2018, Gurit a leading global market player in wind core materials has acquired all shares in JSB Group a leading market leader for core material kits. The deal was established for an equity value of DKK 520 million.
On 8th January 2018, Hexcel Corporation a leading American public industrial materials company has participated in the North American International Automotive Show (NAIAS) on January 14-17 for promotion of composite materials for the cars.
Manufacturers of Hybrid Composites, Hybrid Composites Suppliers and Distributors, Raw Material Suppliers, Industry Associations and Experts, Private Research Organizations and Consulting Companies, Industry Associations, Government Market Research and Consulting Firm and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Hybrid Composites market on the basis of product  , application [Automotive & Transportation, Aerospace & Defense, Wind Energy, Marine and Sporting Goods], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Hybrid Composites market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Switzerland, United Kingdom, Finland, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Hybrid Composites industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Innegra Technologies, LLC (United States), Solvay (Belgium), PlastiComp, Inc. (United States) and PolyOne Corporation (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Hybrid Composites market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.