Hybrid Composites Market Trends

Global Hybrid Composites Market size was valued at USD 858.02 Million in 2023 and is poised to grow from USD 982.43 Million in 2024 to USD 2902.32 Million by 2032, growing at a CAGR of 14.5% in the forecast period (2025-2032).

The global hybrid composites industry is highly competitive, with key players focusing on innovation, sustainability, and expanding their product portfolios to meet growing demand across industries such as aerospace, automotive, wind energy, and construction. Major companies such as Toray Industries, Solvay, Hexcel Corporation, Gurit Holding, and SGL Carbon are at the forefront, investing heavily in R&D to develop advanced composite materials that offer improved strength, lightweight properties, and environmental benefits. Strategic collaborations and partnerships are shaping the market, with companies working alongside OEMs and research institutions to enhance performance and cost-effectiveness. 'Quantum Composites (US)', 'Textum OPCO, LLC (US)', 'Composites Evolution (UK)', 'DEVOLD AMT (Norway)', 'Taiyuan Heavy Industry Co., Ltd (China)', 'STRUCTeam (UK)', 'RTP Company (USA)', 'G. Angeloni s.r.l (Italy)', 'Talon Technology Co., Ltd (US)', 'Rock West Composites, Inc (US)', 'COLAN AUSTRALIA, (Australia)', 'CIT Composite Materials Italy (Italy)', 'SGL Carbon (Germany)', 'Gurit (Switzerland)', 'Hexcel Corporation (US)', 'Exel Composites (Finland)', 'General Electric (US)', 'Solvay (Belgium)', 'LANXESS (Germany)'

Increasing manufacturing technologies are helping in the global hybrid composites market growth. More defined manufacturing processes such as additive manufacturing, also known as 3D printing, and AFP technology make it possible to manufacture hybrid composites at a low cost due to exceptional properties. According to the U.S. National Institute of Standards and Technology (NIST) observation that these advancements help minimize material wastage, enhance productivity, and further improve the integrity of composite materials' structure.

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.

North America dominated the global hybrid composites market. Government agencies such as the U.S. Department of Energy (DOE) and the National Aeronautics and Space Administration (NASA) play a significant role in promoting the use of advanced composite materials-iron hybrid composites for aerospace and defence, energy, and automotive applications.