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Speak directly to the analyst to clarify any post sales queries you may have.
FEATURED COMPANIES
- Hexcel Corp.
- LANXESS AG
- Mitsubishi Chemical Corp.
- SGL Carbon SE
- Toray Industries Inc.
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
Global Hybrid Composites Market: About this market
Hybrid composites are high-performance materials that are fabricated by mixing two or more types of fibers in resin to combine properties such as compressive strength, impact strength, and tensile strength. The hybrid composites market analysis considers sales from both thermoset hybrid composites and thermoplastic hybrid composites. Our analysis also considers the sales of hybrid composites in APAC, Europe, North America, South America, and MEA. In 2018, the thermoset hybrid composite segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising demand for wind turbines in energy generation will play a significant role in the thermoset hybrid composites segment to maintain its market position. Also, our global hybrid composites report also looks at factors such as extensive use of carbon fibers in the aviation industry, growth of pultrusion in the automotive industry, and technological advances in the aerospace industry. However, uncertainties in the energy-intensive manufacturing process of fiber-reinforced plastic, limited commercial recycling operations and limited NDT of fiber-hybrid composites in offshore wind turbines may hamper the growth of the hybrid composites industry over the forecast period.
Global Hybrid Composites Market: Overview
Growth of pultrusion in the automotive industry
Pultrusion is a cost-effective and continuous closed molding method of manufacturing high-volume hybrid composite parts. This process is mainly used to manufacture fiber-reinforced polymer composites that are used in the automotive industry in manufacturing roof beams, door intrusion beams, bumper beams, front-end support systems, chassis rails, and transmission tunnels. This will result in the increasing demand for pultrusion products in the automotive industry and consequently fuel the growth of the hybrid composites market at a CAGR of almost 15% during the forecast period.
Use of fiber hybrid composites in the wind power industry
The global energy demand is increasing with the growing population, increase in industrialization, and economic activities. The wind energy sector is one of the largest users of hybrid composite materials. The composites are primarily used in manufacturing nacelle and blades, which improves the efficiency of turbines. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of a few major players, the global hybrid composite market is concentrated. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading hybrid composite manufacturers, that include Hexcel Corp., LANXESS AG, Mitsubishi Chemical Corp., SGL Carbon SE, Toray Industries Inc.
Also, the hybrid composite market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Hybrid composites are high-performance materials that are fabricated by mixing two or more types of fibers in resin to combine properties such as compressive strength, impact strength, and tensile strength. The hybrid composites market analysis considers sales from both thermoset hybrid composites and thermoplastic hybrid composites. Our analysis also considers the sales of hybrid composites in APAC, Europe, North America, South America, and MEA. In 2018, the thermoset hybrid composite segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising demand for wind turbines in energy generation will play a significant role in the thermoset hybrid composites segment to maintain its market position. Also, our global hybrid composites report also looks at factors such as extensive use of carbon fibers in the aviation industry, growth of pultrusion in the automotive industry, and technological advances in the aerospace industry. However, uncertainties in the energy-intensive manufacturing process of fiber-reinforced plastic, limited commercial recycling operations and limited NDT of fiber-hybrid composites in offshore wind turbines may hamper the growth of the hybrid composites industry over the forecast period.
Global Hybrid Composites Market: Overview
Growth of pultrusion in the automotive industry
Pultrusion is a cost-effective and continuous closed molding method of manufacturing high-volume hybrid composite parts. This process is mainly used to manufacture fiber-reinforced polymer composites that are used in the automotive industry in manufacturing roof beams, door intrusion beams, bumper beams, front-end support systems, chassis rails, and transmission tunnels. This will result in the increasing demand for pultrusion products in the automotive industry and consequently fuel the growth of the hybrid composites market at a CAGR of almost 15% during the forecast period.
Use of fiber hybrid composites in the wind power industry
The global energy demand is increasing with the growing population, increase in industrialization, and economic activities. The wind energy sector is one of the largest users of hybrid composite materials. The composites are primarily used in manufacturing nacelle and blades, which improves the efficiency of turbines. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of a few major players, the global hybrid composite market is concentrated. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading hybrid composite manufacturers, that include Hexcel Corp., LANXESS AG, Mitsubishi Chemical Corp., SGL Carbon SE, Toray Industries Inc.
Also, the hybrid composite market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Hexcel Corp.
- LANXESS AG
- Mitsubishi Chemical Corp.
- SGL Carbon SE
- Toray Industries Inc.
PART 01: EXECUTIVE SUMMARYPART 06: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY RESIN TYPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits:
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Hexcel Corp.
- LANXESS AG
- Mitsubishi Chemical Corp.
- SGL Carbon SE
- Toray Industries Inc.
The following companies are recognised as the key players in the global hybrid composite market: Hexcel Corp., LANXESS AG, Mitsubishi Chemical Corp., SGL Carbon SE, Toray Industries Inc.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the use of fiber hybrid composites in the wind power industry.”
According to the report, one of the major drivers for this market is the growth of pultrusion in the automotive industry.
Further, the report states that one of the major factors hindering the growth of this market is limited commercial recycling operations.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the use of fiber hybrid composites in the wind power industry.”
According to the report, one of the major drivers for this market is the growth of pultrusion in the automotive industry.
Further, the report states that one of the major factors hindering the growth of this market is limited commercial recycling operations.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Hexcel Corp.
- LANXESS AG
- Mitsubishi Chemical Corp.
- SGL Carbon SE
- Toray Industries Inc.
Note: Product cover images may vary from those shown
