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.
Contact us to learn the benefits of becoming a Lux member.
Or call us now
For North America (Boston Headquarters)
+1 (617) 502-5300
For EMEA (Amsterdam)
+31 20 280 7900
For APAC (Singapore)