Hybrid Composites Market

Q: Which region has the largest share in the market?

Asia Pacific held the largest share in 2021 Read More

ID: MRFR/CnM/5455-HCR

140 Pages

Chitranshi Jaiswal

October 2025

Hybrid Composites Market Research Report Information by Fiber Type (carbon/Glass, Carbon/Aramid), Resin Type (Thermoplastic, Thermosetting), End-Use Industry (Aerospace & Defense, Building & Construction, Automotive & Transportation), Region—Forecast till 2035

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Summary Table of Contents Segmentation Download PDF

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Hybrid Composites Market Summary

The Global Hybrid Composites Market is projected to grow significantly from 1.19 USD Billion in 2024 to 3.42 USD Billion by 2035.

Key Market Trends & Highlights

Hybrid Composites Key Trends and Highlights

The market is expected to experience a compound annual growth rate (CAGR) of 10.04% from 2025 to 2035.
By 2035, the market valuation is anticipated to reach 3.42 USD Billion, indicating robust growth potential.
In 2024, the market is valued at 1.19 USD Billion, reflecting the increasing demand for hybrid composites.
Growing adoption of advanced manufacturing techniques due to the need for lightweight and durable materials is a major market driver.

Hybrid Composites Market

CAGR

10.04%

Market Size & Forecast

2024 Market Size	1.19 (USD Million)
2035 Market Size	3.42 (USD Million)
CAGR (2025-2035)	10.04%

Major Players

Royal DSM, Quantum Composites, Gurit, Hexcel Corporation, The Carbon Company, Excel Group World Wide, TEIJIN LIMITED, Solvay, PlastiComp Inc.

Hybrid Composites Market Drivers

Growing Demand in Aerospace Sector

The Global Hybrid Composites Market Industry experiences a notable surge in demand from the aerospace sector, driven by the need for lightweight materials that enhance fuel efficiency. Hybrid composites, which combine different fibers such as carbon and glass, are increasingly utilized in aircraft components. For instance, the Boeing 787 Dreamliner incorporates hybrid composites to reduce weight and improve performance. This trend is expected to contribute significantly to the market, with projections indicating a market value of 1.19 USD Billion in 2024, potentially reaching 3.42 USD Billion by 2035, reflecting a robust CAGR of 10.04% from 2025 to 2035.

Market Segment Insights

By Fiber Type Insights

The hybrid composites market segmentation, based on fiber type, is carbon/glass, and carbon/aramid. The hybrid composites market growth was prominently high under the carbon/glass category in 2021 as a result of the rising demand from the marine, aerospace, and automotive industries. Wind blades and automobile weight are decreased by using lightweight materials called carbon/glass hybrid composites.

By Resin Type Insights

The hybrid composites market segmentation, based on resin type is thermoplastic, and thermosetting. The market is expected to be dominated by thermoset resin in terms of revenue. These resins are well suited for application in the aerospace and automotive end-use industries, which demand lightweight materials with high flammability performance.

By End Use Industry Insights

Based on End Use Industry, the market is divided into aerospace & defense, building & construction, and automotive & transportation. Due to the growing need for lightweight, highly fuel-efficient vehicles, the automotive and transportation end-use industry is predicted to experience the fastest CAGR until 2021. During the projected period, the transportation industry's demand for hybrid composites is also anticipated to increase due to the growing significance of lightweight railway components. Among the industries with the quickest rate of growth is aerospace and military. In rockets, satellites, missiles, and aircraft, high-performance and highly stiff materials are needed.

Global Hybrid Composites Market Share, by Region, 2021 (%)

By region, the hybrid composites market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific accounted for the most extensive market share. Europe will exhibit the highest CAGR during the forecast period.

Due to the expansion of the manufacturing sector and the region's strong increase in automotive production, Asia Pacific is predicted to see the quickest CAGR growth over the course of the forecast period. Due to the substantial presence of important manufacturers in nations like China, India, and Japan, the region is also one of the most profitable locations for the construction, aerospace, and electronics industries.

The established automotive, aerospace & defense, marine, and wind energy industries in Europe are expected to make it the second-largest market. In addition, major suppliers to the automotive and aerospace sectors in this area are concentrating on new hybrid composites and product advancements.

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Key Companies in the Hybrid Composites Market market include

Future Outlook

Hybrid Composites Market Future Outlook

The Global Hybrid Composites Market is projected to grow at a 10.04% CAGR from 2024 to 2035, driven by advancements in material technology, increasing demand in aerospace, and automotive applications.

New opportunities lie in:

Develop eco-friendly hybrid composite materials to meet sustainability demands.
Invest in R&D for lightweight solutions in automotive and aerospace sectors.
Leverage digital manufacturing technologies to enhance production efficiency.

By 2035, the market is expected to achieve substantial growth, positioning itself as a leader in advanced material solutions.

Market Segmentation

By Region Outlook

North America

US
Canada
Mexico

Europe

UK
Germany
France
Italy
Spain
Rest of Europe

Asia-Pacific

China
India
Japan
Australia and New Zealand
Rest of Asia-Pacific

Rest of the World

South America
Middle East
Africa

By Fiber type Outlook

Carbon/Glass
Carbon/Aramid

By Resin Type Outlook

Thermoplastic
Thermosetting
Aerospace & Defense
Building & Construction
Automotive & Transportation

Report Scope

Report Attribute/Metric	Details
Market Size	2030 : USD 1793.50 Million
CAGR	13.80%
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

Market Highlights

Author

Chitranshi Jaiswal

Research Analyst Level I

In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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FAQs

What is the study period of the hybrid composites market report?

The hybrid composites market forecast period is 2022 - 2030

What is the hybrid composites market growth rate?

The market is expected to register a CAGR of Significant Value over the next 10 years, according to the hybrid composites market research.

Which region has the highest market growth rate?

Europe is expected to register the highest CAGR during 2022 - 2030

Which region has the largest share in the market?

Asia Pacific held the largest share in 2021

What is the expected hybrid composites market size by 2030?

The market size is expected to be USD Significant Value by 2030.

Who are the key players in the Market?

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), and PlastiComp Inc. (US) are the major companies operating in the market.

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