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FEATURED COMPANIES
- Hexcel Corp.
- LANXESS AG
- Mitsubishi Chemical Corp.
- SGL Carbon SE
- Toray Industries Inc.
- MORE
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
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FEATURED COMPANIES
- Hexcel Corp.
- LANXESS AG
- Mitsubishi Chemical Corp.
- SGL Carbon SE
- Toray Industries Inc.
- MORE
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 07: MARKET SEGMENTATION BY RESIN TYPE
PART 10: DRIVERS AND CHALLENGES
Exhibit 01: Product offerings of Vendors
Exhibit 02: Global composites market
Exhibit 03: Segments of global composites market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Customer landscape
Exhibit 19: Resin Type - Market share 2018-2023 (%)
Exhibit 20: Comparison by resin type
Exhibit 21: Thermoset hybrid composites - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Thermoset hybrid composites - Year-over-year growth 2019-2023 (%)
Exhibit 23: Thermoplastic hybrid composites - Market size and forecast 2018-2023 ($ millions)
Exhibit 24: Thermoplastic hybrid composites - Year-over-year growth 2019-2023 (%)
Exhibit 25: Market opportunity by resin type
Exhibit 26: Market share by geography 2018-2023 (%)
Exhibit 27: Geographic comparison
Exhibit 28: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 29: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 30: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: North America - Year-over-year growth 2019-2023 (%)
Exhibit 32: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 34: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: South America - Year-over-year growth 2019-2023 (%)
Exhibit 36: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 38: Key leading countries
Exhibit 39: Market opportunity
Exhibit 40: Impact of drivers and challenges
Exhibit 41: Vendor landscape
Exhibit 42: Landscape disruption
Exhibit 43: Vendors covered
Exhibit 44: Vendor classification
Exhibit 45: Market positioning of vendors
Exhibit 46: Hexcel Corp. - Vendor overview
Exhibit 47: Hexcel Corp. - Business segments
Exhibit 48: Hexcel Corp. - Organizational developments
Exhibit 49: Hexcel Corp. - Geographic focus
Exhibit 50: Hexcel Corp. - Segment focus
Exhibit 51: Hexcel Corp. - Key offerings
Exhibit 52: LANXESS AG - Vendor overview
Exhibit 53: LANXESS AG - Business segments
Exhibit 54: LANXESS AG - Organizational developments
Exhibit 55: LANXESS AG - Geographic focus
Exhibit 56: LANXESS AG - Segment focus
Exhibit 57: LANXESS AG - Key offerings
Exhibit 58: Mitsubishi Chemical Corp. - Vendor overview
Exhibit 59: Mitsubishi Chemical Corp. - Business segments
Exhibit 60: Mitsubishi Chemical Corp. - Organizational developments
Exhibit 61: Mitsubishi Chemical Corp. - Geographic focus
Exhibit 62: Mitsubishi Chemical Corp. - Segment focus
Exhibit 63: Mitsubishi Chemical Corp. - Key offerings
Exhibit 64: SGL Carbon SE - Vendor overview
Exhibit 65: SGL Carbon SE - Business segments
Exhibit 66: SGL Carbon SE - Organizational developments
Exhibit 67: SGL Carbon SE - Geographic focus
Exhibit 68: SGL Carbon SE - Segment focus
Exhibit 69: SGL Carbon SE - Key offerings
Exhibit 70: Toray Industries Inc. - Vendor overview
Exhibit 71: Toray Industries Inc. - Business segments
Exhibit 72: Toray Industries Inc. - Organizational developments
Exhibit 73: Toray Industries Inc. - Geographic focus
Exhibit 74: Toray Industries Inc. - Segment focus
Exhibit 75: Toray Industries Inc. - Key offerings
Exhibit 76: Validation techniques employed for market sizing
Exhibit 77: Definition of market positioning of vendors
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY RESIN TYPE
- Market segmentation by resin type
- Comparison by resin type
- Thermoset hybrid composites - Market size and forecast 2018-2023
- Thermoplastic hybrid composites - Market size and forecast 2018-2023
- Market opportunity by resin type
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- Use of fiber hybrid composites in wind power industry
- Application of hybrid composites in personal air mobility
- Efforts in reducing manufacturing prices of hybrid composites
- Overview
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Hexcel Corp.
- LANXESS AG
- Mitsubishi Chemical Corp.
- SGL Carbon SE
- Toray Industries Inc.
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
Exhibit 01: Product offerings of Vendors
Exhibit 02: Global composites market
Exhibit 03: Segments of global composites market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Customer landscape
Exhibit 19: Resin Type - Market share 2018-2023 (%)
Exhibit 20: Comparison by resin type
Exhibit 21: Thermoset hybrid composites - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Thermoset hybrid composites - Year-over-year growth 2019-2023 (%)
Exhibit 23: Thermoplastic hybrid composites - Market size and forecast 2018-2023 ($ millions)
Exhibit 24: Thermoplastic hybrid composites - Year-over-year growth 2019-2023 (%)
Exhibit 25: Market opportunity by resin type
Exhibit 26: Market share by geography 2018-2023 (%)
Exhibit 27: Geographic comparison
Exhibit 28: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 29: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 30: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: North America - Year-over-year growth 2019-2023 (%)
Exhibit 32: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 34: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: South America - Year-over-year growth 2019-2023 (%)
Exhibit 36: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 38: Key leading countries
Exhibit 39: Market opportunity
Exhibit 40: Impact of drivers and challenges
Exhibit 41: Vendor landscape
Exhibit 42: Landscape disruption
Exhibit 43: Vendors covered
Exhibit 44: Vendor classification
Exhibit 45: Market positioning of vendors
Exhibit 46: Hexcel Corp. - Vendor overview
Exhibit 47: Hexcel Corp. - Business segments
Exhibit 48: Hexcel Corp. - Organizational developments
Exhibit 49: Hexcel Corp. - Geographic focus
Exhibit 50: Hexcel Corp. - Segment focus
Exhibit 51: Hexcel Corp. - Key offerings
Exhibit 52: LANXESS AG - Vendor overview
Exhibit 53: LANXESS AG - Business segments
Exhibit 54: LANXESS AG - Organizational developments
Exhibit 55: LANXESS AG - Geographic focus
Exhibit 56: LANXESS AG - Segment focus
Exhibit 57: LANXESS AG - Key offerings
Exhibit 58: Mitsubishi Chemical Corp. - Vendor overview
Exhibit 59: Mitsubishi Chemical Corp. - Business segments
Exhibit 60: Mitsubishi Chemical Corp. - Organizational developments
Exhibit 61: Mitsubishi Chemical Corp. - Geographic focus
Exhibit 62: Mitsubishi Chemical Corp. - Segment focus
Exhibit 63: Mitsubishi Chemical Corp. - Key offerings
Exhibit 64: SGL Carbon SE - Vendor overview
Exhibit 65: SGL Carbon SE - Business segments
Exhibit 66: SGL Carbon SE - Organizational developments
Exhibit 67: SGL Carbon SE - Geographic focus
Exhibit 68: SGL Carbon SE - Segment focus
Exhibit 69: SGL Carbon SE - Key offerings
Exhibit 70: Toray Industries Inc. - Vendor overview
Exhibit 71: Toray Industries Inc. - Business segments
Exhibit 72: Toray Industries Inc. - Organizational developments
Exhibit 73: Toray Industries Inc. - Geographic focus
Exhibit 74: Toray Industries Inc. - Segment focus
Exhibit 75: Toray Industries Inc. - Key offerings
Exhibit 76: Validation techniques employed for market sizing
Exhibit 77: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES
- Hexcel Corp.
- LANXESS AG
- Mitsubishi Chemical Corp.
- SGL Carbon SE
- Toray Industries Inc.
- MORE
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
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- Hexcel Corp.
- LANXESS AG
- Mitsubishi Chemical Corp.
- SGL Carbon SE
- Toray Industries Inc.
Note: Product cover images may vary from those shown
