Asia Pacific Hybrid Composites Market Forecast to 2028

According to the research team Market research, the Asia Pacific hybrid composites market was valued at US$ 383.18 million in 2023 and is expected to reach US$ 684.51 million by 2028, registering a CAGR of 12.3% from 2023 to 2028. Growing demand for lightweight materials in aerospace & defense industry and rising use of hybrid composites in wind energy and automotive industries are the critical factors attributed to the Asia Pacific hybrid composites market expansion.

Hybrid composites are crucial for the safety and efficient performance of modern aircraft. The increasing need for lightweight materials to construct aviation components and parts has significantly increased the demand for hybrid composites. Aircraft manufacturers are making efforts to develop huge primary thermoplastic structures in business jets and commercial aircraft. They were the early adopters of long fiber-reinforced thermoplastics. Materials such as composites and polymers are significantly lighter than steel, brass, alloys, iron, etc. The use of these materials allows manufacturers to lower the weight of airplane parts, subsequently facilitating fuel cost reductions. Thus, the growing demand for lightweight materials in the aerospace & defense industry is driving the Asia Pacific hybrid composites market.

On the contrary, high cost and recyclability issues of hybrid composites hampers the Asia Pacific hybrid composites market.

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 45.7% share of Asia Pacific hybrid composites market in 2023, amassing US$ 175.18 million. It is projected to garner US$ 337.55 million by 2028 to expand at 14.0% CAGR during 2023–2028.

Based on resin, the Asia Pacific hybrid composites market is segmented into thermoset and thermoplastic. The thermoset segment held 62.5% share of Asia Pacific hybrid composites market in 2023, amassing US$ 215.30 million. It is projected to garner US$ 420.26 million by 2028 to expand at 12.0% CAGR during 2023–2028.

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 36.6% share of Asia Pacific hybrid composites market in 2023, amassing US$ 140.40 million. It is projected to garner US$ 264.57 million by 2028 to expand at 13.5% CAGR during 2023–2028.

Based on country, the Asia Pacific hybrid composites market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 61.9% share of Asia Pacific hybrid composites market in 2023. It was assessed at US$ 237.06 million in 2023 and is likely to hit US$ 435.60 million by 2028, exhibiting a CAGR of 12.9% during 2023–2028.

Key players operating in the Asia Pacific hybrid composites market are 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, among others.

In 2023, Avient Corporation acquired DSM Protective Materials (Dyneema brand) and announced its plan to explore sale option for its Avient Distribution business. In 2023, Lanxess AG launched sustainable product variants to its Tepex brand composite range.

1. Introduction
1.1 Study Scope
1.2 The Research Team 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

Table 1. Asia Pacific Hybrid Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Table 2. Asia Pacific Hybrid Composites Market –Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Asia Pacific Hybrid Composites Market, by Fiber Type– Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Asia Pacific Hybrid Composites Market, by Fiber Type– Volume and Forecast to 2028 (Kilo Tons)
Table 5. Australia: Asia Pacific Hybrid Composites Market, by Resin– Revenue and Forecast to 2028 (US$ Million)
Table 6. Australia: Asia Pacific Hybrid Composites Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Asia Pacific Hybrid Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Asia Pacific Hybrid Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 9. China: Asia Pacific Hybrid Composites Market, by Resin– Revenue and Forecast to 2028 (US$ Million)
Table 10. China: Asia Pacific Hybrid Composites Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Asia Pacific Hybrid Composites Market, by Fiber Type –Revenue and Forecast to 2028 (US$ Million)
Table 12. India: Asia Pacific Hybrid Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 13. India: Asia Pacific Hybrid Composites Market, by Resin– Revenue and Forecast to 2028 (US$ Million)
Table 14. India: Asia Pacific Hybrid Composites Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 15. Japan: Asia Pacific Hybrid Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Japan: Asia Pacific Hybrid Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 17. Japan: Asia Pacific Hybrid Composites Market, by Resin– Revenue and Forecast to 2028 (US$ Million)
Table 18. Japan: Asia Pacific Hybrid Composites Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. South Korea: Asia Pacific Hybrid Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea: Asia Pacific Hybrid Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 21. South Korea: Asia Pacific Hybrid Composites Market, by Resin– Revenue and Forecast to 2028 (US$ Million)
Table 22. South Korea: Asia Pacific Hybrid Composites Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Asia Pacific: Asia Pacific Hybrid Composites Market, by Fiber Type –Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Asia Pacific: Asia Pacific Hybrid Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 25. Rest of Asia Pacific: Asia Pacific Hybrid Composites Market, by Resin– Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Asia Pacific: Asia Pacific Hybrid Composites Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 27. Glossary of Terms, Asia Pacific Hybrid Composites Market

Figure 1. Asia Pacific Hybrid Composites Market Segmentation
Figure 2. Asia Pacific Hybrid Composites Market Segmentation – By Country
Figure 3. Asia Pacific Hybrid Composites Market Overview
Figure 4. Asia Pacific Hybrid Composites Market, By Resin
Figure 5. Asia Pacific Hybrid Composites Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Ecosystem: Asia Pacific Hybrid Composites Market
Figure 8. Expert Opinions
Figure 9. Asia Pacific Hybrid Composites Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Hybrid Composites Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 11. Asia Pacific Hybrid Composites Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Asia Pacific Hybrid Composites Market Revenue Share, By Fiber Type (2022 and 2028)
Figure 13. Carbon/Aramid: Asia Pacific Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Carbon/Aramid: Asia Pacific Hybrid Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 15. Carbon/Glass: Asia Pacific Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Carbon/Glass: Asia Pacific Hybrid Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 17. High-Modulus Polypropylene (HMPP)/Carbon: Asia Pacific Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. High-Modulus Polypropylene (HMPP)/Carbon: Asia Pacific Hybrid Composites Market – Revenue and Forecast To 2028 (Kilo Tons)
Figure 19. Ultra High Molecular Weight Polyethylene (UHMWPE)/ Carbon: Asia Pacific Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Ultra High Molecular Weight Polyethylene (UHMWPE)/ Carbon: Asia Pacific Hybrid Composites Market – Revenue and Forecast To 2028 (Kilo Tons)
Figure 21. Others: Asia Pacific Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Others: Asia Pacific Hybrid Composites Market – Volume and Forecast To 2028 (US$ Mn)
Figure 23. Asia Pacific Hybrid Composites Market Revenue Share, By Resin (2022 and 2028)
Figure 24. Thermoset: Asia Pacific Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Thermoplastic: Asia Pacific Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Asia Pacific Hybrid Composites Market Revenue Share, By Application (2022 and 2028)
Figure 27. Automotive: Asia Pacific Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Aerospace: Asia Pacific Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. Marine: Asia Pacific Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 30. Wind Energy: Asia Pacific Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 31. Sporting Goods: Asia Pacific Hybrid Composites Market– Revenue and Forecast To 2028 (US$ Million)
Figure 32. Others: Asia Pacific Hybrid Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 33. Asia Pacific Hybrid Composites Market, by Key Country– Revenue (2022) (US$ Million)
Figure 34. Asia Pacific Hybrid Composites Market Revenue Share, by Key Country (2022 and 2028)
Figure 35. Australia: Asia Pacific Hybrid Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. Australia: Asia Pacific Hybrid Composites Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 37. China: Asia Pacific Hybrid Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. China: Asia Pacific Hybrid Composites Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 39. India: Asia Pacific Hybrid Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. India: Asia Pacific Hybrid Composites Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 41. Japan: Asia Pacific Hybrid Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 42. Japan: Asia Pacific Hybrid Composites Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 43. South Korea: Asia Pacific Hybrid Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 44. South Korea: Asia Pacific Hybrid Composites Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 45. Rest of Asia Pacific: Asia Pacific Hybrid Composites Market–Revenue and Forecast to 2028 (US$ Million)
Figure 46. Rest of Asia Pacific: Asia Pacific Hybrid Composites Market– Volume and Forecast to 2028 (Kilo Tons)