Carbon Fiber Composites Market Update

October 3, 2014 | State of the Market Report

Carbon-fiber reinforced plastics (CFRPs) combine high strength and light weight, making these materials attractive to many industries. However, due to high costs and other technical hurdles, thus far their use has been restricted to high-end niche applications. In order to forecast the penetration of CFRPs into both major and emerging target industries, we built a detailed cost model based on current and near-term production technology, and an industry demand model based on the needs and adoption cycles of each application. Our results show that CFRPs will grow to a $35 billion market in 2020, using 86,000 MT of carbon fiber, led by demand from aerospace, automotive, and wind.

Coverage Areas

  • Accelerating Materials Innovation
  • Advanced Materials
  • Bio-based Materials and Chemicals

Table of Contents

  • Title page
  • Executive summary
  • Introductions and Definitions
  • Cost Forecasts
  • Market forecasts
  • Emerging developers

Lead Analyst

Anthony Vicari
+1 (857) 284-5688


Ross Kozarsky
Michael Holman, Ph.D.

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

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