Hybrid Composites Market Report 2026

The hybrid composites market size has grown strongly in recent years. It will grow from $4.1 billion in 2025 to $4.39 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to increasing use of composite materials in transportation, rising demand for fuel-efficient vehicles, expansion of aerospace manufacturing activity, availability of advanced fiber reinforcement technologies, growing adoption in sporting goods.

The hybrid composites market size is expected to see strong growth in the next few years. It will grow to $5.76 billion in 2030 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to increasing demand for electric vehicle lightweighting, rising investments in advanced material research, expansion of renewable energy applications, growing adoption in marine and infrastructure projects, increasing focus on recyclable composite materials. Major trends in the forecast period include increasing adoption of lightweight composite materials, rising demand for high-strength hybrid fiber composites, growing use in automotive and aerospace applications, expansion of thermoplastic hybrid composites, enhanced focus on material performance optimization.

The expanding automotive industry is anticipated to drive the growth of the hybrid composites market in the coming years. The automotive industry encompasses the collection of companies, organizations, and activities involved in the design, development, manufacturing, marketing, selling, and maintenance of vehicles, mainly automobiles or cars. The industry is experiencing growth as rising consumer demand for personal mobility is pushing vehicle production higher, with more individuals seeking convenient transportation and manufacturers increasing output to meet this demand. Hybrid composites are utilized in electric vehicles to provide numerous benefits, including high strength, corrosion resistance, UV resistance, and more. For example, in March 2025, according to the European Automobile Manufacturers’ Association (ACEA), a Belgium-based automobile association, global car sales in 2024 reached 74.6 million units, representing a 2.5% increase compared to 2023. Thus, the growth of the automotive industry is fueling the expansion of the hybrid composites market.

The growth of the aerospace industry is expected to drive the expansion of the hybrid composites market in the coming years. The aerospace industry encompasses both public institutions and private companies involved in the research, development, and production of flight-related products. This sector is experiencing growth due to rising global demand for air travel, prompting airlines and manufacturers to invest in new aircraft and advanced technologies to meet passenger and cargo requirements. Hybrid composites are strategically utilized in the aerospace industry to achieve a balance between lightweight design and structural strength, enhance fuel efficiency, improve overall performance, and ensure long-term durability in aircraft manufacturing. For example, in September 2024, according to the Aerospace Industries Association, a US-based aerospace and defense organization, the U.S. aerospace and defense industry generated over $955 billion in sales in 2023, marking a 7.1 percent increase compared with the previous year. Consequently, the growth of the aerospace industry is supporting the expansion of the hybrid composites market.

In May 2023, Dymag Group Ltd, a UK-based manufacturer of high-performance automotive wheels, formed a partnership with Hankuk Carbon Co., Ltd to accelerate the production of lightweight, high-strength automotive wheels. Through this collaboration, Dymag Group Ltd and Hankuk Carbon Co., Ltd aim to improve wheel performance, decrease vehicle weight, and promote innovation in automotive wheel manufacturing. Hankuk Carbon Co., Ltd is a South Korea-based company specializing in advanced carbon fiber materials for industrial applications.

Major companies operating in the hybrid composites market are General Electric Company, Toray Industries Inc., Solvay S.A., Owens Corning Fiberglass Corporation, Royal DSM N.V., LANXESS Corporation, Teijin Limited, Avient Corporation, Hexcel Corporation, TPI Composites Inc., SGL Group, Porcher Industries, Gurit Holding AG, Johns Manville International Inc., IDI Composites International Inc., Exel Composites Inc., Composites One LLC, CoreLite Inc., PlastiComp Inc., Axiom Materials Inc., Quantum Composites LLC, Renegade Materials Corporation, Composites Evolution Ltd., B&T Composites S.A., Innegra Technologies LLC.

Europewas the largest region in the hybrid composites market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hybrid composites market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hybrid composites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The hybrid composites market consists of sales of kenaf-aramid, woven jute or glass fabric, polymer-metal hybrid composite and sisal fiber-reinforced polyester composites. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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