The past year has seen the carbon fiber space reach major milestones, including the transfer of key low-cost manufacturing technologies from academic to commercial entities. Despite this progress, disruptive changes to the cost and use of carbon fiber composites remain distant and uptake in automotive as a mainstream material now seems unlikely. Major opportunities remain – including in automotive – but clients will need to approach the space with the right strategy to secure these opportunities. To guide clients, we map global carbon fiber capacity, forecast the cost of carbon fiber, use the Lux Innovation Grid to identify key technology developers in the industry, forecast the future carbon fiber market size, and highlight new potential applications of carbon fiber.
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