The Thermoset Hybrid Composites Market is expected to reach USD 1.49 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the increasing demand from automotive and transportation and wind energy industries which are expected to accelerate the market growth globally.
Hybrid composites are generally used in a mixture of two or more reinforcement fibers. The hybrid composites are a type of composites with either various fiber materials or different matrix materials. For example, two types of continuous fibers such as glass fiber and carbon fiber are fastened together to utilize the high toughness of the glass fiber and the high absolute value of the carbon fiber. Also, carbon fiber used in combination with polymer composites that are used extensively in several engineering fields where essential mechanical properties and lightweight are required. The market is anticipated to grow with a notable rate in the coming years, due to rising demand for lightweight materials, which decreases the weight of vehicles and wind blades.
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Top Players in the Global Thermoset Hybrid Composites Market:
Hexcel Corporation, SGL Carbon SE, Exel Group World Wide, TEIJIN LIMITED, Solvay, Gurit, Innegra Technologies, LLC, PlastiComp, Inc., Royal DSM N.V, General Electric.
Moreover, technological advancements in hybrid fabric materials are expected to promote their Fiber s in the downstream markets, and this will expand the business scope further. The leading companies have invested in boosting their production capacities recently and initiated the adoption of other strategies to fulfill the rising demand for hybrid fabric. Plenty of Fibers of the product in multiple sectors along with the considerable preference for these fabrics as a result of changing fashion trends and lifestyles in clothing will expand the market size.
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Market segmentation based on Resin Type Outlook:
- Carbon/Glass and Glass/Carbon
End User Outlook:
- Automotive Transportation
- Aerospace Defense
- Wind Energy
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Thermoset Hybrid Composites Market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Thermoset Hybrid Composites Market?
- Which regional market is expected to lead in terms of revenue share in the global Thermoset Hybrid Composites Market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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