The quick press molding technique is being used by Hexcel Corporation (NYSE: HXL) in conjunction with NaCa Systems, a Tier 1 provider of natural fiber composite automobile interior parts, to create a lightweight carbon fiber prepreg and wood fiber composite sports car seat back.
Solvay helps to produce additively made carbon fiber reinforced plastic CFRP parts in mass production by working with advanced manufacturing technology OEM 9T Labs AGZrich, Switzerland
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 3890
Published Date: Sep 04, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for lightweight materials, growing environmental concerns and technological advancements are driving the market growth.
The market size of hybrid composites is anticipated to attain a CAGR of 16% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are DSM N.V., Hexcel Group, Exel Composites, Solvay SA, PolyOne Corporation, Toyota Motor Corporation, Teijin Ltd, Toray Co. Ltd., Mitsubishi Chemical Co. Ltd., General Electric and others.
The carbon/glass segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.