Asia Pacific Hybrid Composites Market Forecast to 2028 - Regional Analysis - by Fiber Type (Carbon/Aramid, Carbon/Glass, High-Modulus Polypropylene /Carbon, Ultra High Molecular Weight Polyethylene / Carbon, and Others), Resin, and Application

List of Tables

The Asia Pacific hybrid composites market is expected to grow from US$ 383.18 million in 2023 to US$ 684.51 million by 2028. It is estimated to grow at a CAGR of 12.3% from 2023 to 2028.

Rise in Adoption of Biocomposites Fuels Asia Pacific Hybrid Composites Market

Bio-based polymer matrices are environment-friendly and are the subject of extensive research in various fields. Bio-based matrices are also lightweight and exhibit long-term sustainability, which drives their use in commercial applications. Further, the easy availability of natural raw materials to produce bio-based resin is fueling its supply and demand. Bio-based matrices and biocomposites are employed in several secondary applications in aerospace, automobiles, packaging, electronics, and construction sectors. In the construction industry, biocomposites are generally used to produce doors, windows, terrace decking, insulation material, and acoustic components. According to the report from the Global Alliance for Building and Construction, construction is one of the most harmful sectors to the environment. The study conducted by the alliance at the end of 2019 stated that the construction sector is responsible for 39% of the carbon dioxide emissions dispersed in the environment, 36% of global energy consumption, and 50% of the extraction of raw materials. Conventional construction materials are highly resource- and energy-intensive. Hence, owing to the rising concern and awareness about the social and environmental impacts of conventional building materials, manufacturers of composites are shifting toward environment-friendly raw materials. Thus, the growing adoption of bio-based matrices or resins sourced from carbohydrates, vegetable fats and oils, starch, bacteria, and other biological materials, over petroleum-derived plastic matrices is expected to emerge as an important trend in the hybrid composites market during the forecast period.

Asia Pacific Hybrid Composites Market Overview

The Asia Pacific hybrid composites market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. Of these, China and India are among the world's top five countries with installed wind power. Hybrid composite is increasingly utilized for wind energy applications. Asia Pacific is home to significant semiconductor and automobile players across the world, e.g., Samsung Electronics Co., Ltd.; Sony Group Corporation; SK Hynix Inc.; Toyota Motor Corporation; Tata Motors Ltd.; Hyundai Motor Company; Nissan Motor Co., Ltd.; and Honda Motor Co., Ltd. These companies are focused on expansion, research and development, and product innovation. Thus, prominent semiconductors and automobile players in the region have increased the demand for hybrid composites.

Asia Pacific Hybrid Composites Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Hybrid Composites Market Segmentation

The Asia Pacific hybrid composites market is segmented into fiber type, resin, application, and country.

Based on fiber type, the Asia Pacific hybrid composites market is segmented into carbon/aramid, carbon/glass, high-modulus polypropylene (HMPP)/carbon, ultra high molecular weight polyethylene (UHMWPE)/ carbon, and others. The carbon/aramid segment held the largest share of the Asia Pacific hybrid composites market in 2023.

Based on resin, the Asia Pacific hybrid composites market is segmented into thermoset and thermoplastic. The thermoset segment held a larger share of the Asia Pacific hybrid composites market in 2023.

Based on application, the Asia Pacific hybrid composites market is segmented into automotive, aerospace, marine, wind energy, sporting goods, and others. The automotive segment held the largest share of the Asia Pacific hybrid composites market in 2023.

Based on country, the Asia Pacific hybrid composites market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific hybrid composites market in 2023.

Avient Corp, Gurit Holding AG, Hexcel Corp, Lanxess AG, Mitsubishi Chemical Holdings Corp, PGTEX China Co Ltd, SGL Carbon SE, Solvay SA, Teijin Ltd, and Toray Industries Inc are the leading companies operating in the Asia Pacific hybrid composites market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific hybrid composites market.
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The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific hybrid composites market, thereby allowing players across the value chain to develop effective long-term strategies.
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Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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Product Code: BMIRE00028994

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Asia Pacific Hybrid Composites Market, by Fiber Type
- 1.3.2 Asia Pacific Hybrid Composites Market, by Resin
- 1.3.3 Asia Pacific Hybrid Composites Market, by Application
- 1.3.4 Asia Pacific Hybrid Composites Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:

4. Asia Pacific Hybrid Composites Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Bargaining Power of Buyers:
- 4.2.3 Bargaining Power of Suppliers:
- 4.2.4 Competitive Rivalry:
- 4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. Asia Pacific Hybrid Composites Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Demand for Lightweight Materials in Aerospace & Defense Industry
- 5.1.2 Rising Use of Hybrid Composites in Wind Energy and Automotive Industries
5.2 Market Restraints
- 5.2.1 High Cost and Recyclability Issues of Hybrid Composites
5.3 Market Opportunities
- 5.3.1 Increasing Demand for Nanocomposites
5.4 Future Trends
- 5.4.1 Rise in Adoption of Biocomposites
5.5 Impact Analysis

6. Hybrid Composites -Asia Pacific Market Analysis

6.1 Asia Pacific Hybrid Composites Market Overview
6.2 Asia Pacific Hybrid Composites Market -Volume and Forecast to 2028 (Kilo Tons)
6.3 Asia Pacific Hybrid Composites Market -Revenue and Forecast to 2028 (US$ Million)

7. Asia Pacific Hybrid Composites Market Analysis - By Fiber Type

7.1 Overview
7.2 Asia Pacific Hybrid Composites Market, By Fiber Type (2022 and 2028)
7.3 Carbon/Aramid
- 7.3.1 Overview
- 7.3.2 Carbon/Aramid: Asia Pacific Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.3 Carbon/Aramid: Asia Pacific Hybrid Composites Market - Volume and Forecast to 2028 (Kilo Tons)
7.4 Carbon/Glass
- 7.4.1 Overview
- 7.4.2 Carbon/Glass: Asia Pacific Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4.3 Carbon/Glass: Asia Pacific Hybrid Composites Market - Volume and Forecast to 2028 (Kilo Tons)
7.5 High-Modulus Polypropylene (HMPP)/Carbon
- 7.5.1 Overview
- 7.5.2 High-Modulus Polypropylene (HMPP)/Carbon: Asia Pacific Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.5.3 High-Modulus Polypropylene (HMPP)/Carbon: Asia Pacific Hybrid Composites Market - Volume and Forecast to 2028 (Kilo Tons)
7.6 Ultra High Molecular Weight Polyethylene (UHMWPE)/ Carbon
- 7.6.1 Overview
- 7.6.2 Ultra High Molecular Weight Polyethylene (UHMWPE)/ Carbon: Asia Pacific Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.6.3 Ultra High Molecular Weight Polyethylene (UHMWPE)/ Carbon: Asia Pacific Hybrid Composites Market - Volume and Forecast to 2028 (Kilo Tons)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Asia Pacific Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.7.3 Others: Asia Pacific Hybrid Composites Market - Volume and Forecast to 2028 (Kilo Tons)

8. Asia Pacific Hybrid Composites Market Analysis - By Resin

8.1 Overview
8.2 Asia Pacific Hybrid Composites Market, By Resin(2022 and 2028)
8.3 Thermoset
- 8.3.1 Overview
- 8.3.2 Thermoset: Asia Pacific Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Thermoplastic
- 8.4.1 Overview
- 8.4.2 Thermoplastic: Asia Pacific Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Hybrid Composites Market Analysis - By Application

9.1 Overview
9.2 Asia Pacific Hybrid Composites Market, By Application (2022 and 2028)
9.3 Automotive
- 9.3.1 Overview
- 9.3.2 Automotive: Asia Pacific Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Aerospace
- 9.4.1 Overview
- 9.4.2 Aerospace: Asia Pacific Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Marine
- 9.5.1 Overview
- 9.5.2 Marine: Asia Pacific Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Wind Energy
- 9.6.1 Overview
- 9.6.2 Wind Energy: Asia Pacific Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)
9.7 Sporting Goods
- 9.7.1 Overview
- 9.7.2 Sporting Goods: Asia Pacific Hybrid Composites Market- Revenue and Forecast to 2028 (US$ Million)
9.8 Others
- 9.8.1 Overview
- 9.8.2 Others: Asia Pacific Hybrid Composites Market - Revenue and Forecast to 2028 (US$ Million)

10. Asia Pacific Hybrid Composites Market - Country Analysis

10.1 Overview
- 10.1.1 Asia Pacific Hybrid Composites Market, by Key Country-Revenue (2022) (US$ Million)
- 10.1.2 Asia Pacific Hybrid Composites Market, by Key Country
  - 10.1.2.1 Australia: Asia Pacific Hybrid Composites Market -Revenue and Forecast to 2028 (US$ Million)
  - 10.1.2.2 Australia: Asia Pacific Hybrid Composites Market - Volume and Forecast to 2028 (Kilo Tons)
    - 10.1.2.2.1 Australia: Asia Pacific Hybrid Composites Market, by Fiber Type
    - 10.1.2.2.2 Australia: Asia Pacific Hybrid Composites Market, by Fiber Type
    - 10.1.2.2.3 Australia: Asia Pacific Hybrid Composites Market, by Resin
    - 10.1.2.2.4 Australia: Asia Pacific Hybrid Composites Market, by Application
  - 10.1.2.3 China: Asia Pacific Hybrid Composites Market -Revenue and Forecast to 2028 (US$ Million)
  - 10.1.2.4 China: Asia Pacific Hybrid Composites Market - Volume and Forecast to 2028 (Kilo Tons)
    - 10.1.2.4.1 China: Asia Pacific Hybrid Composites Market, by Fiber Type
    - 10.1.2.4.2 China: Asia Pacific Hybrid Composites Market, by Fiber Type
    - 10.1.2.4.3 China: Asia Pacific Hybrid Composites Market, by Resin
    - 10.1.2.4.4 China: Asia Pacific Hybrid Composites Market, by Application
  - 10.1.2.5 India: Asia Pacific Hybrid Composites Market -Revenue and Forecast to 2028 (US$ Million)
  - 10.1.2.6 India: Asia Pacific Hybrid Composites Market - Volume and Forecast to 2028 (Kilo Tons)
    - 10.1.2.6.1 India: Asia Pacific Hybrid Composites Market, by Fiber Type
    - 10.1.2.6.2 India: Asia Pacific Hybrid Composites Market, by Fiber Type
    - 10.1.2.6.3 India: Asia Pacific Hybrid Composites Market, by Resin
    - 10.1.2.6.4 India: Asia Pacific Hybrid Composites Market, by Application
  - 10.1.2.7 Japan: Asia Pacific Hybrid Composites Market -Revenue and Forecast to 2028 (US$ Million)
  - 10.1.2.8 Japan: Asia Pacific Hybrid Composites Market - Volume and Forecast to 2028 (Kilo Tons)
    - 10.1.2.8.1 Japan: Asia Pacific Hybrid Composites Market, by Fiber Type
    - 10.1.2.8.2 Japan: Asia Pacific Hybrid Composites Market, by Fiber Type
    - 10.1.2.8.3 Japan: Asia Pacific Hybrid Composites Market, by Resin
    - 10.1.2.8.4 Japan: Asia Pacific Hybrid Composites Market, by Application
  - 10.1.2.9 South Korea: Asia Pacific Hybrid Composites Market -Revenue and Forecast to 2028 (US$ Million)
  - 10.1.2.10 South Korea: Asia Pacific Hybrid Composites Market - Volume and Forecast to 2028 (Kilo Tons)
    - 10.1.2.10.1 South Korea: Asia Pacific Hybrid Composites Market, by Fiber Type
    - 10.1.2.10.2 South Korea: Asia Pacific Hybrid Composites Market, by Fiber Type
    - 10.1.2.10.3 South Korea: Asia Pacific Hybrid Composites Market, by Resin
    - 10.1.2.10.4 South Korea: Asia Pacific Hybrid Composites Market, by Application
  - 10.1.2.11 Rest of Asia Pacific: Asia Pacific Hybrid Composites Market-Revenue and Forecast to 2028 (US$ Million)
  - 10.1.2.12 Rest of Asia Pacific: Asia Pacific Hybrid Composites Market- Volume and Forecast to 2028 (Kilo Tons)
    - 10.1.2.12.1 Rest of Asia Pacific: Asia Pacific Hybrid Composites Market, by Fiber Type
    - 10.1.2.12.2 Rest of Asia Pacific: Asia Pacific Hybrid Composites Market, by Fiber Type
    - 10.1.2.12.3 Rest of Asia Pacific: Asia Pacific Hybrid Composites Market, by Resin
    - 10.1.2.12.4 Rest of Asia Pacific: Asia Pacific Hybrid Composites Market, by Application

11. Asia Pacific Hybrid Composite Market Industry Landscape

11.1 Overview
11.2 Product Launch
11.3 Merger and Acquisitions
11.4 Partnerships
11.5 Expansion

12. Company Profiles

12.1 Hexcel Corp
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Lanxess AG
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 SGL Carbon SE
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Gurit Holding AG
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Avient Corp
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Teijin Ltd
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Solvay SA
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 PGTEX China Co Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Toray Industries Inc
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Mitsubishi Chemical Holdings Corp
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Glossary of Terms