Market Research Report - 225961
Carbon Fiber and Beyond: The $26 Billion World of Advanced Composites
|Published by||Lux Research|
|Published||Content info||26 Pages|
|Carbon Fiber and Beyond: The $26 Billion World of Advanced Composites|
|Published: September 28, 2011||Content info: 26 Pages||
Composites are finding their way into new applications as industries - including aerospace, wind, oil and gas, automotive, and sporting goods - demand new materials with ever-higher strength-to-weight ratios, resistance to corrosion, and workability. However, so far, composites' high cost has precluded them from many mass-market applications. To assess the penetration of advanced composites into these target applications, we built a detailed model that projects the market sizes of these materials through 2020. All told, we expect the markets for these advanced composites to reach $25.8 billion in 2020 - and to constitute 139,000 metric tons carbon fiber, 1,099 metric tons MWNTs in our main scenario, and 601 metric tons GNPs - with wind overtaking aerospace as the main demand driver.