| Product Code: ETC5711956 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of hybrid composites to Cyprus in 2024 saw a shift in concentration levels, moving from very high in 2023 to a more moderate level. Despite a negative compound annual growth rate of -10.76% from 2020 to 2024, the sector experienced a significant decline with a growth rate of -31.88% in 2024 compared to the previous year. Top exporting countries to Cyprus included Poland, Germany, Canada, Greece, and the USA, indicating a diverse source of imports contributing to the market dynamics.

Hybrid composites, which combine different materials to enhance strength, durability, and lightweight properties, are gaining traction in Cyprus. This market is driven by demand from industries such as automotive, aerospace, and construction, where hybrid composites offer significant performance benefits. As companies in Cyprus seek advanced materials to improve product efficiency and reduce weight, the hybrid composites market is expected to grow steadily.
The hybrid composites market in Cyprus is driven by the growing demand for lightweight and high-strength materials in industries such as automotive, aerospace, and construction. These composites offer superior mechanical properties and durability, making them ideal for reducing the weight of structures and improving fuel efficiency.
The hybrid composites market encounters challenges concerning the high costs of raw materials and manufacturing processes. As manufacturers work to develop cost-effective solutions, they must also ensure that these composites meet performance standards required by various industries. Additionally, competition from alternative materials can create pricing pressures, impacting profit margins.
The hybrid composites market in Cyprus is expanding due to their applications in various industries, including aerospace and automotive. Government support for research and development initiatives fosters innovation in composite materials. Regulations ensuring product safety and performance standards are critical for maintaining competitiveness in this market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Hybrid Composites Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Hybrid Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Hybrid Composites Market - Industry Life Cycle |
3.4 Cyprus Hybrid Composites Market - Porter's Five Forces |
3.5 Cyprus Hybrid Composites Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.6 Cyprus Hybrid Composites Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
3.7 Cyprus Hybrid Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
4 Cyprus Hybrid Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Hybrid Composites Market Trends |
6 Cyprus Hybrid Composites Market Segmentations |
6.1 Cyprus Hybrid Composites Market, By Resin |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Hybrid Composites Market Revenues & Volume, By Thermoset , 2021-2031F |
6.1.3 Cyprus Hybrid Composites Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.2 Cyprus Hybrid Composites Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Hybrid Composites Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.3 Cyprus Hybrid Composites Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.2.4 Cyprus Hybrid Composites Market Revenues & Volume, By Wind Energy, 2021-2031F |
6.2.5 Cyprus Hybrid Composites Market Revenues & Volume, By Marine, 2021-2031F |
6.2.6 Cyprus Hybrid Composites Market Revenues & Volume, By Sporting Goods, 2021-2031F |
6.3 Cyprus Hybrid Composites Market, By Fiber Type |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Hybrid Composites Market Revenues & Volume, By Carbon/Glass and Glass/Carbon, 2021-2031F |
6.3.3 Cyprus Hybrid Composites Market Revenues & Volume, By Aramid/Carbon, 2021-2031F |
6.3.4 Cyprus Hybrid Composites Market Revenues & Volume, By HMPP/Carbon, 2021-2031F |
6.3.5 Cyprus Hybrid Composites Market Revenues & Volume, By UHMWPE/Carbon, 2021-2031F |
6.3.6 Cyprus Hybrid Composites Market Revenues & Volume, By Others, 2021-2031F |
7 Cyprus Hybrid Composites Market Import-Export Trade Statistics |
7.1 Cyprus Hybrid Composites Market Export to Major Countries |
7.2 Cyprus Hybrid Composites Market Imports from Major Countries |
8 Cyprus Hybrid Composites Market Key Performance Indicators |
9 Cyprus Hybrid Composites Market - Opportunity Assessment |
9.1 Cyprus Hybrid Composites Market Opportunity Assessment, By Resin, 2021 & 2031F |
9.2 Cyprus Hybrid Composites Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
9.3 Cyprus Hybrid Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
10 Cyprus Hybrid Composites Market - Competitive Landscape |
10.1 Cyprus Hybrid Composites Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Hybrid Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |