Hybrid Composites Market - Future, Scope, Trends
Global Hybrid Composites Market is projected to cross USD 876 million by 2027, growing at a CAGR of 15% during the forecast period. This growth is attributed to high demand from the automotive & transportation, wind energy, and other end-use industries. Hybrid composite products are preferred as they can reduce the product weight and are stronger than metallic parts. The Global Hybrid Composites Market is broadly segmented into fiber type, resin, and end-use industries. Based on fiber type, the carbon/glass and glass/carbon fiber segment is expected to be the largest contributor to the hybrid composites market during the forecast period. Based on resin, the thermoset resin segment is expected to be the largest contributor to the hybrid composites market during the forecast period. Further, the Thermoset resin dominates the hybrid composite market due to its wide-scale applications in various end-use industries. Based on the end-use industry, automotiv...