Hybrid Composites Market Share Growth, Overview, Size, Trends, COVID-19 Impact and Forecast
Market Overview: The global Hybrid Composites Market Share has been segmented by fiber type, resin type, end-use industry, and region. By fiber type, the global hybrid composites market opportunity has been segmented into carbon/glass, carbon/aramid, metal/plastic, wood/plastic, HMPP/carbon, UHMWPE/carbon, and others. Although carbon-aramid reinforced epoxy offers high strength and impact resistance, the glass-carbon reinforced epoxy is leading the market owing to its low cost and is extensively used in high-end vehicles. On the basis of the resin type, the market is segmented into thermoplastic and thermosetting. The thermoplastic resin type was dominating the market in 2030 on account of its ease of recyclability, low curing time, high strength, and increased rigidity. Based on end-use industry, the market has been segmented into aerospace & defense, building & construction, automotive & transportation, wind energy, marine, and others. Rapid industrialization and the