The global demand for Hybrid Composites Market is presumed to reach the valuation of nearly USD XX Mn by 2026 from USD XX in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Hybrid composites refer to the composites which have a combination of two or more reinforcement fibers. These are used for achieving the combined properties of different types of fibers. The most common hybrid composites are carbon-aramid and glass-carbon. Marine, aerospace, building & construction, and automotive & transportation among others are some of the application areas of hybrid composites.
The properties of composites such as tensile modulus, compressive and impact strength which are hard to get in traditional composites are driving the market growth. The increasing use of hybrid composites in major industries including aerospace & defense, building & construction, automotive & transportation, wind energy, and marine is again fuelling the market growth. On the other hand, the high cost associated with the manufacturing of hybrid composites may hamper market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give an inclusive assessment of each application/product segment in the global market of hybrid composites.
The entire hybrid composites market has been sub-categorized into product type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Building & Construction
- Automotive & Transportation
This section covers regional segmentation which accentuates on current and future demand for hybrid composites market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Hybrid Composites Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hybrid composites market include Hexcel, Lanxess, PolyOne Corporation, RTP Company and Toray. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.