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(Transportation-News.com, October 24, 2019 ) Market Overview:
Hybrid composites provide the strength, wear-resistance, and radiopacity necessary for anterior and posterior use. They are the composites that have a mixture of two or more reinforcement fibers. The most common hybrid composites are carbon-aramid reinforced epoxy which combines strength and impact resistance and glass-carbon reinforced epoxy.
Hybrid composites are usually used when a combination of properties of different types of fibers wants to be achieved, or when longitudinal as well as lateral mechanical performances are required.
Market Dynamics:
The increasing adoption rate of hybrid composites in various applications and rising demand from emerging and evolving markets are the key driving factors for the growth of the market. The usage of hybrid composites is increasing in various applications like aerospace, automotive, transportation, marine, dental, etc.
However, huge technology cost is required for the manufacturing of hybrid composites is a major restraint hindering the market growth.
Market Segmentation:
By end-use industry, the hybrid composites market is segmented into automotive & transportation, marine, aerospace & defense, wind energy, sporting goods, and others. Others include dental. Marine segment is one of the leading end-user industries in usage of hybrid composites owing to its characteristics of strengthening materials and high performance. Companies are increasing in launching hybrid composites for marine industries.
Based on the resin, the hybrid composites market is divided into thermoplastic hybrid composite and thermoset hybrid composite.
On the basis of fiber type, the market is classified into carbon/glass, wood/plastic, carbon/aramid, metal/plastic, and others. Others are again is classified into UHMWPE/carbon and HMPP/carbon.
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Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
Asia Pacific is expected to grow with a high CAGR rate in the forecast period owing to the increase in the usage of hybrid composites in end-user industries. Asia Pacific economies India, South Korea, Japan, and China are likely to boost the demand for hybrid composites market. The automobile industry utilizes composites and hybrid composites in many of the interior and exterior applications. Companies in Asia Pacific are expanding their business operations.
Competitive Analysis:
Some of the major players include Quantum Composites, Innegra Technologies, LLC, Exel Group World Wide, General Electric, PlastiComp, Inc., Solvay SA, Hexcel Corporation, Teijin Limited, Gurit and Royal DSM.
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Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
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