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Advances in Carbon Fibers for the Composites Industry
Frost & Sullivan, Dec 2008, Pages: 91
This research service provides a detailed insight into the latest global developments of carbon fiber technologies and applications. Starting off with a concise outlook on the current scenario, the service proceeds to profile the latest R&D efforts by Universities, research institutes and corporations. A detailed analysis of the industry drivers, challenges and the impact of the same has also been provided so as to offer a comprehensive overview of carbon fiber technologies. An analytical piece on the prioritization of four key application sectors completes the research study.
Research Overview
This Frost & Sullivan research service titled Advances in Carbon Fibers for the Composites Industry provides an insight into the technology development scenario of carbon fibers and a detailed review of the key developmental efforts around the globe, funding scenario, patent analysis, and insights into the key growth patterns that mark the evolution of carbon fibers in the industrial space. In this research, Frost & Sullivan's expert analysts thoroughly examine the following applications: aerospace and defense, wind energy, automotive, building and construction, and sporting goods.
This analysis is available through our Technical Insights program. With this program, clients receive industry-leading market research along with comprehensive, objective information that allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth.
Technology Overview
The Carbon Fiber Industry on an Upswing with its Manifold Benefits to the Automobile and Aircraft Sectors
Carbon fibers, considered an ideal material for high performing applications in major sectors such as aerospace and defense, building and construction, wind energy, automotive, and sporting goods, have immense growth prospects. Carbon fibers are lightweight, while at the same time, sturdy and impact resistant, giving automobiles and aircrafts high fuel consumption efficiency. New opportunities are opening up in the industrial sector where carbon fiber composites (CFCs) are being used for constructing bridges, pressure tanks, offshore oil wells, cables, and gas turbines. The future is likely to witness the growth of carbon fibers in the fuel cell industry for the making of natural gas and hydrogen storage systems. Other applications such as pressure tanks, oil and gas machinery, musical instruments, and laptops are also bound to further capitalize on the benefits of carbon fibers.
“CFCs, being flexible and strong are ideal for exterior and interior automotive components, with their most unique feature being their ability to reduce an automobile’s weight by almost 60 percent in comparison to steel, along with a fuel consumption of just 30 percent,” says the analyst of this research. Majority of the western countries can afford to buy oil while developing countries such as India and China cannot. However, the developing countries are also witnessing a high growth in the automotive sector, which will eventually lead to an exponential rise in oil needs. As crude oil continues to be a finite source, pressing measures are required to support transport systems across the world. In this context, the use of CFCs for automotive parts should be encouraged, as it will lead to the use of smaller engines, which, in turn, will result in added fuel savings for the future.
Cost-effective, Customized Solutions for Specific Requirements to Relieve the High Purchase Cost of Carbon Fibers
The carbon fiber industry is straddled with several technical challenges such as high purchase cost, longer manufacturing/molding processes, reparability, health concerns, and recycling issues. “One of the major challenges faced by the carbon fiber industry is the high cost of carbon fibers,” explains the analyst. “Although automotives has been identified as one of the potential applications for CFCs, the large-scale use of CFCs in the sector has been limited by the high cost of the material.”
Additional efforts to step up performance and cost benefits should be undertaken to maintain the current growth trend. As one of the major challenges is high purchase cost, efforts should be focused on providing cost-effective solutions customized for specific application requirements.
Application Sectors
Expert Frost & Sullivan analysts thoroughly examine the following application sectors in this research:
- Aerospace and defense
- Wind energy
- Automotive
- Building and construction
- Sporting goods
- Technologies
The following technologies are covered in this research:
- Carbon fiber compositing
- Carbon fiber manufacture
- Carbon fiber recycling
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