Hybrid Composites Market is Booming Across the Globe: SGL Group, Gurit, Hexcel Corporation

HTF Market Intelligence published a new research document of 150+pages on” Hybrid Composites Market Insights, to 2028″ with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Hybrid Composites market was mainly driven by the increasing R&D spending by leading and emerging player, however latest scenario and economic slowdown have changed complete market dynamics.  Some of the key players profiled in the study 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), Exel Composites (Finland).

According to HTF Market Intelligence, the Global Hybrid Composites market to witness a CAGR of 13.72% during forecast period of 2023-2028. The market is segmented by Global Hybrid Composites Market Breakdown by Application (Automotive & Transportation, Aerospace & Defense, Wind Energy, Marine, Sporting Goods) by Fiber (Carbon/Glass, Carbon/Aramid, Metal/Plastic, Wood/Plastic) by Resin (Epoxy, Polyester, Phenolic, Polypropylene, Polyamide, Thermoplastics) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Hybrid Composites market size is estimated to increase by USD 1098.26 Million at a CAGR of 13.72% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 641.21 Million.
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Definition:
The global hybrid composites market is projected to grow significantly in the coming years, driven by increasing demand for lightweight and high-performance materials in various industries. Hybrid composites are materials made from a combination of two or more different types of fibers and resins, resulting in superior mechanical and physical properties compared to traditional composites.

Market Trends:

Increasing demand for lightweight and high-performance materials in aerospace, automotive, and wind energy industries

Market Drivers:

Increasing demand for electric vehicles, which require lightweight materials to improve their range and efficiency

Market Opportunities:

Development of new applications and markets, such as medical devices and sports equipment, that can benefit from the properties of hybrid composites

The titled segments and sub-section of the market are illuminated below:

The Study Explore the Product Types of Hybrid Composites Market: Carbon-Glass, Carbon-Aramid, Metal-Plastic, Wood-Plastic, Others

Key Applications/end-users of Hybrid Composites Market: Automotive and Transportation, Aerospace and Defence, Wind Energy, Marine, Sporting Goods, Others

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