Hybrid Composites Market Research Report - Forecast to 2030

Hybrid Composites Market: Information by Fiber Type (carbon/Glass, Carbon/Aramid), Resin Type (Thermoplastic, Thermosetting), End-Use Industry (Aerospace & Defense, Building & Construction, Automotive & Transportation), Region—Forecast till 2030

ID: MRFR/CnM/5455-HCR | January 2023 | Region: Global | 140 Pages         

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Hybrid Composites Market

Hybrid Composites Market is projected to be worth USD 1793.50 Million by 2030, registering a CAGR of 13.80% during the forecast period (2021 - 2030)

By Fiber Type carbon/Glass Carbon/Aramid
By Resin Type Thermoplastic Thermosetting
By End-Use Industry Aerospace & Defense Building & Construction Automotive & Transportation
Key Players
Companies Profiled   Royal DSM (the Netherlands)   Quantum Composites (US)   Gurit (Switzerland)   Hexcel Corporation (US)   The Carbon Company (Germany)   Excel Group World Wide (Finland)   TEIJIN LIMITED (Japan)   Solvay (Belgium)    PlastiComp Inc. (US)
Market Driving Forces   Many end-users will be attracted to the market because of the hybrid composite advantages
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Hybrid Composites Market Overview

The hybrid composites market size is projected to grow by 12% for the forecast period. Hybrid is a composite that is a combination of two or more composites. They are reinforcing a fibre that has been used for industrial purposes. Hybrid composite is a mixture of both glass and carbon epoxy. They are compounds with high durability and strength. 

There is mechanical strength, elasticity and adhesiveness in the product. there are many variations in the hybrid companies market. there are five composites interlaminar, intralaminar, separate reinforcing parts and ultra hybrid composites. 

Impact strength, compression strength, moisture resistance, and fatigue strength of plastic components are enhanced by fibre fillers. Even with the low cost, they do not comprise quality and durability. As it features two important composites the applications of this composite is ultimate. There are resin, fibre type and end-users for this market. the fibre type of composites is witnessing high growth in recent years.

There are thermoplastics segment that has more popularity among the emerging markets. Building and constructions market is rapidly developing. Exceptional fabrication of the product is the key reason for the high demand for the market. electronics and aviation markets have had a higher need for hybrid composites in recent years. all these factors will contribute to exceptional hybrid composites market value. 

Covid analysis 

The emergence of the global pandemic is harming the healthcare infrastructure. in many industries and developing countries, the spread of the virus is rapid. Staff, medicines, oxygen beds, and ventilators are all in short supply in the hospital. Supply chains are being disrupted, causing production activities to be disrupted in several countries. all these factors have adverse effects on the hybrid composite market.

In several regions national lockdowns are prevalent. The hybrid composites market has experienced a sharp drop in growth. 

Scarcity of raw resources and price volatility are impacting this market's production. The demand for hybrid composite will provide numerous opportunities in the next years. hybrid composites will have high demand aerospace industry. In the following years, a new line of products are manufactured in the transport, aerospace, energy and building market is high. however, post covid 19 situation is favourable to the market. new developments will take place in the forecast period. 

Market dynamics 

  • Crucial market drivers 

Demand for the composites from various user ends will create high demand in the market. The need for hybrid composite in many industries is a major market driver. This material will be in higher demand in the automotive, transportation, and aerospace industries. hybrid composite has properties such as heat resistance, chemical resistance, superior adhesion, and UV resistance.

Many end-users will be attracted to the market because of the hybrid composite advantages. Building construction in the market will have a high demand for the product in upcoming years. in many regions, new construction is taking place. the construction of residences and building will have higher adoption of the hybrid composites. The hybrid composite is a material that has high usage due to its quick-drying and combining properties.

Demand from the aerospace and defence sector will create exceptional demand for the product. In recent years, the aerospace market has increased the use of this product. aerospace equipment requires ultra edge composites that can keep the parts firm and sustain the product. also, demand from the automotive sector is another demand driving factor of the market. all these factors will cause exceptional revenue in the hybrid composites market. 

  • The market growth opportunities 

The growing application will create exceptional hybrid composites market growth opportunities. adoption of hybrid composites is expanding into many markets. In automotive & transportation the use of glass fibre material is increasing. Glass and fibre composites are lightweight and high-strength alternatives for the other heavy composites. The hybrid material provides high performance. Also, the cost-effectiveness and e to high-performance of fibreglass attract end-users. this segment of the market will witness high development in upcoming years. 

There is up to 90% of the benefits of carbon composites than other composites. These hybrid composite parts have high tensile strength and are corrosion-resistant. These have a shelf life and less maintenance.

Their high features contribute to the wider expansion rate of the market. product research and development is another factor leading to high market growth opportunities. in the upcoming years, investment for hybrid composites is expected to rise. This will create new product launches in the market. composites are combining substances that contain harmful particles. The key players are developing hybrid composites that are safe for the environment. The emergence of these composites will create high growth opportunities in the market. 

  • The market restraints 

Few restraints in the market can hinder the growth in the forecast period. The increasing cost of research and development is a market restraint. hybrid composite is a material that has much ongoing research. Its components can be employed in a variety of applications. The hybrid market is suffering as a result of rising costs. The key players are trying to combine hybrid composites with other laments for high performance. 

The rising expense of research may affect commercial expansion. End-users have a high demand for low-cost composites. In the automotive and construction industries, hybrid composite is essential. These industries' production costs are already higher. due to the alternatives of the market are gaining more demand. 

  • The market challenges 

The lack of awareness is a challenging factor in the market. today, there are many types of composites in the global market. however, hybrid composites have less awareness due to these products. less awareness can create more demand for the alternatives of the market.

The rising and low-cost alternative is gaining more supply and profits in the market. Also, the environmental harms of using hybrid composites are another challenge. These eco harms may lead to high restrictions in market production. 

  • Cumulative growth analysis 

Hybrid composites market trends is stable in the forecast period. the emergence of the carbon composites segment will create more demand. this carbon composite will create high scope for the market in the forecast period. the thermoses segment of the market will have exceptional demand among the end-users.

Thermoses is a product that comes with carrack resistance. Crucial drivers of the market such as its advancing features will increase growth. demand from various end-users will contribute to the high revenue rates of the market. the restraining factor of the market is environmental harm and rising raw material price. still, the overall growth rate of the market sustains growth. 

  • Value chain analysis 

The Asia Pacific will hold the highest hybrid composites market shares. In recent years, the infrastructure in Asia-Pacific is expanding at an exponential rate. As a result, the Cement and conduction market in the area is expected to rise at a rapid pace throughout the forecast period.

Residential and commercial building investments are now high. in the Asia-Pacific area, particularly in China, Japan, Taiwan, and South Korea, as well as in growing countries have high demand from the market. 

All of these factors rapidly growing population, urbanisation, and rising purchasing power will boost growth. In several parts of Asia-Pacific, regulations governing VOC emissions are now being adopted.

Segment overview 

  • Carbon/Glass and Glass/Carbon

  • Aramid/Carbon

  • HMPP/Carbon

  • UHMWPE/Carbon

  • Others

Based on resin

  • Thermoplastic

  • Thermoset

Based on end-use industry

  • Automotive & Transportation

  • Aerospace & Defense

  • Sporting Goods

  • Wind Energy

  • Marine

  • Others

Based on region 

Asia pacific 

  • India 

  • China

  • Japan 

  • Malaysia 

  • Vietnam 


  • Uk 

  • Germany 

  • Brazil 

North America 

  • US 

  • Canada 

Competitive landscape 

The competition in the hybrid composites market is rising. market expansions, mergers and collaborations are increasing. 

Global Hybrid Composites Market, by End-Use Industry (%) Hybrid Composites Market Source: MRFR Analysis

Regional analysis 

The hybrid composite market is diversified into Asia Pacific, Europe and North America. demand from conduction and the automotive market will drive demand. utilization of this composite is gaining more traction in this region. Urbanisation and industrialization are factors that contribute to growth. North America is a region with high scope for the market.

The presence of key players creates a great impact on the market. US and Canada are key investors in the market. In the hybrid composites industry, Europe is the next largest region is the third highest growth. In this region, the majority of automotive and aerospace component manufacturers are present in the market. product innovation and development of hybrid composites are massive in the region. 

The key players of the hybrid composite market are 

  • Royal DSM (the Netherlands)

  • Quantum Composites (US)

  • Gurit (Switzerland)

  • Hexcel Corporation (US)

  • The Carbon Company (Germany)

  • Excel Group World Wide (Finland)


  • Solvay (Belgium), PlastiComp, Inc. (US)

  • Innegra Technologies, LLC (US)

  • Quantum Composites (US)

Recent DevelopmentOctober 2021- GE Aviation and Pratt & Whitney have received contracts from NASA to build technologies focused on boosting the thermal efficiency of future commercial turbofan engine cores. The deal comes under NASA’s Hybrid Thermally Efficient Core project and initiative to build a “high-power-density” turbofan core, 5-10% more fuel-efficient than current technology. Starting in 2020 with an initially planned funding of USD191 million, NASA’s HYTEC program is functioning to develop the technologies as scheduled for an early 2030s service entry on a next-generation airliner. P&W will build progressive high-pressure turbine technologies, decreasing fuel consumption and emissions for next-generation single-aisle aircraft. They will be developing ceramic matrix composite (CMC) liners for combustors to augment performance and sturdiness.Aug 2021- The Center for Composite and Hybrid Materials Interfacing (CHMI), the Georgia Institute of Technology (Atlanta), aims to radically enhance the joining and repair of composite and hybrid structures. The center is one of four active National Science Foundation (NSF) Industry/University Cooperative Research Centers (IUCRCs) at Georgia Tech. Funded with an NSF IUCRC grant for five years, the center will allegedly work carefully with an industry consortium of prominent manufacturers and government organizations, guarantee research projects. Based in the Georgia Tech Manufacturing Institute (GTMI), the center integrated three university research teams from the University of Tennessee, Knoxville (UT), Oakland University (Detroit, Mich., U.S.), and Georgia Tech. All the research and development partners are believed to get decades of composite and hybrid materials research focus in particular industries: UT in infrastructure and medical devices, Oakland University in automotive composite systems, and Georgia Tech in aerospace.

Report overview 

  • Market overview highlights 

  • Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis

  • Market segmentation overview

  • The regional analysis

  • Competitive landscape analysis

  • Recent Developments

Report Scope:

Report Attribute/Metric Details
  Market Size   2030 : Significant Value
  CAGR   Substantial Value
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Fiber Type, Resin Type and End-Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Hybrid Composites Market are Royal DSM (the Netherlands), SGL Group – The Carbon Company (Germany), Gurit (Switzerland), Hexcel Corporation (US), TEIJIN LIMITED (Japan), Exel Group World Wide (Finland), Solvay (Belgium), PlastiComp, Inc. (US), Innegra Technologies, LLC (US), and Quantum Composites (US)
  Key Market Opportunities   high cost associated with the technology of hybrid composites
  Key Market Drivers   the increasing use of these composites in major industries such as aerospace & defense, building & construction, automotive & transportation, wind energy, marine, and others

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Frequently Asked Questions (FAQ) :

End users like building & construction, aerospace & defense, wind energy, marine, automotive & transportation, and others.

Industrialization and urbanization would trigger growth for the market.

High cost of technology can prevent the hybrid components market growth.

Thermoplastic and thermosetting have been included in the resin type study.

The carbon and fibreglass segment is witnessing the highest growth.