Carbon Fiber and Beyond: The $26 Billion World of Advanced Composites

September 28, 2011 | State of the Market Report

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

  • Executive Summary
  • Landscape
    Advanced composite materials employing carbon fiber, MWNTs, and GNPs can offer significant advantages, though industry specific dynamics both spur and slow adoption.
  • Analysis
    Driven by surging demand in wind, native CFRPs carry the torch for advanced structural materials; GNP conductive composites in auto take the lead in nanocomposite penetration.
  • Outlook
  • Endnotes

Lead Analyst

Ross Kozarsky
Director, Research