하이브리드 복합재료 시장 : 예측(2024-2029년)

The market for hybrid composites is anticipated to rise at a compound annual growth rate (CAGR) of 12.8% during the forecast period of 2024 to 2029.

Hybrid composite material is made by combining two or more composite materials for the required properties. The hybridization of composite material means combining materials at different levels, depending upon the need. The properties of these materials vary according to the different component materials. The properties of the material applied to various purposes are different, as nanocomposite materials are becoming extremely important for application in the fields of biological raw materials. These materials are often tailored solutions for implants, tissue engineering, and drug delivery.

The increased application in the medical field has created a demand for hybrid composites as the cases of chronic diseases are increasing globally. According to the Centers for Disease Control and Prevention, in the United States, US$4.5 trillion has been expended on people with chronic and mental health conditions. This amount displays the scale of chronic disease ailment in the United States. Furthermore, the hybrid composite material is finding application in the automotive sector because it leads to a low weight-to-strength ratio, which saves fuel costs. These materials are also used in the renewable energy sector, especially wind energy. The growing wind energy sector is the major driving factor for the demand for hybrid composites.

Hybrid composites are becoming useful solutions for the wind efficiently and sustainably. The limitations of the traditional composites are leading to innovative solutions, especially for the blades which are needed to be durable and environment friendly. The hybrid composites offer design flexibility, corrosion resistance, reduced maintenance cost, and durability.

HYBRID COMPOSITES MARKET DRIVERS:

• Increasing Demand from Automotive Sector

The burgeoning automobile sector has created a demand not only for vehicles but also for related parts and pieces of equipment. The automobile industry uses hybrid composite materials for both exterior and interior purposes. Hybrid composites are versatile and give manufacturers options for various applications, such as pistons, brake friction, seats, doors, brake pedals, etc.

The composites help reduce weight and corrosion and provide smoothness, hardness, and simple or complex shapes and sizes. Recently, the automotive sector has been going through a rapid transformation with the introduction of electric vehicles. The challenge in introducing electric vehicles is reducing the weight to keep the minimum energy consumption while keeping the vehicles' security features intact.

According to the International Energy Agency, European electric vehicle sales have increased from 17.39% from 2021 to 2022 and an 18.52% increase from 2022 to 2023. In Norway, the sales of electric cars have reached 93% of the total car share. The national green policies, competitive pricing, and changes in the general perception of people are creating market demand. Numerous researches are taking place to replace the heavy material with strong composite materials for electric cars. There has been a need for the material with increased durability and corrosion resistance.

Furthermore, importing automotive vehicles, parts, and engines in the United States has seen an increase of 10.47% year-on-year growth from 2023 to 2024. The number was robust at US$ 161,798 million in 2024. This indicates the importance of automotive vehicles and its related parts and equipment. Manufacturers are increasingly becoming concerned about the material's recyclability for sustainable benefits. The use of composites and polymers is dominant in the market and is expected to be so in the coming years. Since it reduces vehicle weight and correspondingly increases the efficiency of fuel.

• Expanding Aviation Industry

The expanding aviation industry needed the use of hybrid composites for the needed structural strength and balance. The use of hybrid composites has been increasing due to the low weight ratio which can easily reduce fuel consumption and save costs to a significant level. By merging different materials, manufacturers could achieve the required performance properties. The growing aviation sector and increasing air traffic every year could help to grow the demand for aircraft and its related maintenance parts for the changes.

Additionally, there is a growing demand for drones in multiple applications, especially in the defense sector. Unmanned Aerial Vehicles (UAVs) are specially designed for long flight hours. Considering the hybrid composite materials with proper standard quality and strong and lightweight materials, their application has been growing in the sector.

Furthermore, in India, operators added 112 aircraft, a total of 771 aircraft by December 2023. This induction of the new aircraft is in line with maintaining the increased air traffic and growing demand for air traffic in the country. According to Boeing India, the estimated demand for the single-aisle commercial airplane in India would be 2,320 by 2042. These figures suggest the relative demand for raw materials in the aviation industry, such as hybrid composites.

Moreover, green hybrid composite materials have a high strength-to-weight ratio, which is much needed in the automotive and aviation industries for strength, lightweight, high tensile strength, etc. The hybrid with glass, sisal, and bamboo fiber with polyester as a resin matrix can also be used for aircraft.

HYBRID COMPOSITES MARKET - GEOGRAPHICAL OUTLOOK

• Asia Pacific region to dominate the hybrid composites market during the forecast period.

The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries. India and China remain the world's largest growing economies. These countries demand huge raw materials for fast and sustainable growth. The demand for the renewable energy sector in the region is growing. According to the International Energy Agency, China was leading in the growth of wind power capacity additions in 2022, with almost 40% of the total addition, i.e., 37 GW added in 2022. The growing application of hybrid composites in the renewable energy sector would lead to the demand for hybrid composite materials in this sector.

Hybrid composites market restraints:

• Several hybrid composites are not sustainable due to their application becoming restrictive in many sectors where there is a need for zero wastage. The complex and heterogeneous nature could have been a problem for the complete recyclability of the hybrid materials. Additionally, selecting appropriate hybrid-compatible fibers is a problem for the exact usage.

Hybrid composites market Key Developments:

• In October 2023, Composites Evolution launched the Bio-based Evopreg EPC300, developed by the sustainable composite. It is a sustainable version of the popular Evopreg EPC300. The product is made from 20% renewable raw material content. It can be supplied with industry-standard carbon, glass, and aramid fabrics. It can also be supplied with Bcomp's ampliTex flax for sustainable composite. This launch of sustainable products appeals to customers looking for more natural and sustainable products. This could be useful for the customer to meet their environmental targets. Composites Evolution has been developing and making natural composite materials for many years and is experienced in making products with quality and sustainability.
• In April 2023, The project collaboration between CG TEC, Cordenka, ElringKlinger, Fiber Engineering, and Technikum Laubholz, DITF developed a new fiber material named CELLUN from fibers made of cellulose. CELLUN is made from renewable biopolymers. CELLUN is a sustainable alternative made when the reinforcement component is merged with non-fusible cellulose fibers and thermoplastic derivatized cellulose fibers incorporated into a matrix to form a hybrid rovin. Further, the focus was on the complete recycling of the CELLUN materials. This project is making the green alternative possible for hybrid composite materials. This project can be made a substitute for the petrochemical-based plastics in the market.
• In February 2022, Teijin launched advanced spread-tow carbon fiber woven fabric. The product is made with 3K (3,000) carbon fiber filament yarn. This is required for the application for low weight and design flexibility. It can be applied to automotive interiors and sports goods. Teijin was marketing this product to manufacturers of industrial and sports products. The company is continuously developing carbon fiber reinforced plastic (CFRP) with innovative solutions, high performance, reduced weight, and strength.

The Hybrid composites market is segmented and analyzed as follows:

By Application

• Aerospace and Defense
• Automotive
• Construction
• Renewable Energy
• Marine
• Other Applications (dentistry, medical, consumer goods)

By Resin Type

• Thermoset Resins
• Thermoplastic Resins
• Others

By Fiber Type

• Carbon/Glass
• HMPP/Carbon
• Wood/Plastic
• UHMWPE/Carbon
• Carbon/Aramid
• Other (Natural Fibers, Basalt Fibers, etc.)

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Rest of South America
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Middle East and Africa
• Saudi Arabia
• United Arab Emirates
• Rest of the Middle East and Africa
• Asia Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Rest of Asia-Pacific

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base and Forecast Years Timeline
• 1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Process

3. EXECUTIVE SUMMARY

• 3.1. Key Findings
• 3.2. Analyst View

4. MARKET DYNAMICS

• 4.1. Market Drivers
  • 4.1.1. Increasing Demand from the Automotive Sector
  • 4.1.2. Expanding Aviation Industry
  • 4.1.3. The increasing wind energy sector
  • 4.1.4. Growing demand from healthcare sectors
• 4.2. Market Restraints
  • 4.2.1. Non-recyclability of the hybrid composites materials
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. The Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis

5. HYBRID COMPOSITES MARKET BY APPLICATION

• 5.1. Introduction
• 5.2. Aerospace and Defense
• 5.3. Automotive
• 5.4. Construction
• 5.5. Renewable Energy
• 5.6. Marine
• 5.7. Other Applications (dentistry, medical, consumer goods)

6. HYBRID COMPOSITES MARKET BY RESIN TYPE

• 6.1. Introduction
• 6.2. Thermoset Resins
• 6.3. Thermoplastic Resins
• 6.4. Others

7. HYBRID COMPOSITES MARKET BY FIBER TYPE

• 7.1. Introduction
• 7.2. Carbon/Glass
• 7.3. HMPP/Carbon
• 7.4. Wood/Plastic
• 7.5. UHMWPE/Carbon
• 7.6. Carbon/Aramid
• 7.7. Other (Natural Fibers, Basalt Fibers, etc.)

8. HYBRID COMPOSITES MARKET BY GEOGRAPHY

• 8.1. Global Overview
• 8.2. North America
  • 8.2.1. United States
  • 8.2.2. Canada
  • 8.2.3. Mexico
• 8.3. South America
  • 8.3.1. Brazil
  • 8.3.2. Argentina
  • 8.3.3. Rest of South America
• 8.4. Europe
  • 8.4.1. United Kingdom
  • 8.4.2. Germany
  • 8.4.3. France
  • 8.4.4. Italy
  • 8.4.5. Spain
  • 8.4.6. Rest of Europe
• 8.5. Middle East and Africa
  • 8.5.1. Saudi Arabia
  • 8.5.2. United Arab Emirates
  • 8.5.3. Rest of Middle East and Africa
• 8.6. Asia-Pacific
  • 8.6.1. China
  • 8.6.2. India
  • 8.6.3. Japan
  • 8.6.4. South Korea
  • 8.6.5. Taiwan
  • 8.6.6. Thailand
  • 8.6.7. Indonesia
  • 8.6.8. Rest of Asia-Pacific

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 9.1. Major Players and Strategy Analysis
• 9.2. Market Share Analysis
• 9.3. Mergers, Acquisitions, Agreements, and Collaborations
• 9.4. Competitive Dashboard

10. COMPANY PROFILES

• 10.1. Owens Corning
• 10.2. Avient Corporation
• 10.3. DSM
• 10.4. SGL Carbon
• 10.5. Hexcel Corporation
• 10.6. Mitsubishi Chemical Carbon Fiber and Composites, Inc.
• 10.7. Cavex Holland BV
• 10.8. Textum OPCO, LLC
• 10.9. Toray Advanced Composites
• 10.10. 3M
• 10.11. Atlas Fibre