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.
Table of Contents
Table of Contents
Executive Summary
Landscape
Composites' Advantages over Metals Can Create a Myriad of Opportunities
Composites Manufacturing Consists of Several Raw Material and Processing Steps
The Matrix Is the Continuous Phase of the Composite and Provides Shape to the Structure
Reinforcements Provide Strength, Stiffness, and Other Properties
The Composite Value Chain Consists of Materials and Processing Steps
Industry Specific Dynamics both Spur and Slow Composite Adoption
Sporting Goods Provide an Ideal Market for Early Penetration, but Don't Boast High Volumes
Aerospace has Historically Been Eager to Adopt Novel Structural Materials
Wind Turbines Represent an Enormous Source of Demand for Advanced Composites
Oil and Gas Is a Slow-Moving Industry with Large Potential
Automotive Is the Elephant in the Room
Landscape Conclusions
Analysis
Advanced Composites to Reach $25.8 Billion in 2020
Carbon Fiber and Nanocomposites Follow Different Tunes
Among Advanced Composites, Carbon Fiber Plays a Dominant Role in Each Industry
MWNTs and GNPs Penetrate both Structural and Conductive Composites
In Total Volume, GNPs Find Their Comfort Zone in Conductive Composites to Best MWNTs
Outlook
About Lux Research
Endnotes
Carbon Fiber and Beyond: The $26 Billion World of Advanced Composites published by Lux Research in September 28, 2011. This report consists of Pages: 26 and the price starts from US $ 3500.
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