What is Hybrid Composites?
Hybrid composites is combination of two or more reinforcement fibers. One of the popular hybrid composite is carbon-aramid reinforced epoxy (which gives strength & impact resistance) and glass-carbon reinforced epoxy (which gives a strong material). There are various properties of hybrid composites such as tensile modulus, compressive strength and impact strength, highly efficient and high performance structural material. The applications of hybrid composites includes automotive & transportation, aerospace & defense, wind energy, marine and sporting goods.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Royal DSM N.V. (Netherlands), SGL Group (Germany), Toray Composite Materials America, Inc. (United States), Gurit (Switzerland), RTP Company (United States), Hexcel Corporation (United States), Teijin Limited (Japan), General Electric (United States), LANXESS Corporation (Germany) and Exel Composites (Finland) |
CAGR | 14.8% |
The study covers a detailed analysis segmented by key business segments i.e. , by application (Automotive & Transportation, Aerospace & Defense, Wind Energy, Marine and Sporting Goods) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Hybrid Composites market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Hybrid Composites market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Royal DSM N.V. (Netherlands), SGL Group (Germany), Toray Composite Materials America, Inc. (United States), Gurit (Switzerland), RTP Company (United States), Hexcel Corporation (United States), Teijin Limited (Japan), General Electric (United States), LANXESS Corporation (Germany) and Exel Composites (Finland).
Market Overview:
1st October 2018, Gurit a leading global market player in wind core materials has acquired all shares in JSB Group a leading market leader for core material kits. The deal was established for an equity value of DKK 520 million.
The market is highly competitive as major companies have strong distribution networks and product brands. The ongoing research & development activities in the market present several growth and expansion opportunities to market participants, which in turn are projected to positively influence the overall market.
Market Trend
Adoption of Hybrid Composites in Automotive Transportation and High Demand of Thermoset Resin
Restraints
- High Cost for Manufacturing Process
- Lack of Awareness about hybrid Composite
Opportunities
Rising Demand in Emerging Countries
Key highlights of the Global Hybrid Composites market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Hybrid Composites market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Hybrid Composites market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Hybrid Composites Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hybrid Composites market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hybrid Composites market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of Hybrid Composites, Hybrid Composites Suppliers and Distributors, Raw Material Suppliers, Industry Associations and Experts, Private Research Organizations and Consulting Companies, Industry Associations, Government Market Research and Consulting Firm and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.