Hybrid Composites Market Size

Hybrid Composites Market size was valued at USD 850.0 million in 2023 and is poised to grow from USD 962.2 million in 2024 to USD 2594.4 million by 2032, growing at a CAGR of 13.2% during the forecast period (2025-2032).

Growing product demand in end-use industries including automotive & transportation, aerospace & defense, and wind energy is anticipated to drive the market during the forecast period. Hybrid composites are composite materials that are fabricated in combination with two or more types of fibers in the common matrix, which provides a synergistic effect of the properties of the fabrics on the overall properties of composites. Hybrid composites offer enhanced mechanical properties, compared to traditional products, which include high strength, low density, and high impact resistance.

The automobile manufacturers like BMW, Merced’s, Audi, and Volkswagen already used these composites for making exterior and interior parts of automobiles. Development of environmentally friendly automotive and low-velocity impact response of hybrid carbon/glass fiber-reinforced polymer composites, these are some factors which are expected to increase the growth of the hybrid composites market. The water absorption property of these composites decreases the bonding between the fibers and matrix, which leads to reduction in the properties of composites. So, the fiber reinforced composites can be used in areas where we need less interaction of product with water. The help of chemical treatment can reduce this property of fibers.

The demand for hybrid composite from defense and the aerospace sector will generate exceptional demand for the product. During the forecast period, the use of hybrid composites market has increased.

Market Key Attributes

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 customers 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-two 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.