Lucintel Analyzes Emerging Carbon Fiber Applications, Expects Them to Drive Carbon Fiber Market during 2011–2016

   January 1 2013

Global demand for carbon fiber has demonstrated rapid growth, a result of the material’s proven high performance, light weight, and resilient properties.In 2010 alone, the industry shipped 81 million pounds of carbon fiber globally, with a value of US $1.3 billion. Over the next five years, the market is expected to grow at a CAGR of 12.4% to $2.8 billion by 2016. Carbon fiber products, including wind turbine blades, aircraft components, and golf shafts, had anestimated 2010 market valueof $11 billion.

Over its 40-year history, carbon fiberdemand has experienced steady growth.As the composites marketplace has many facets, carbon fiber applications continue to emergeas industries from aerospace to renewable energyadopt this versatile material.

Lucintel, a leading global Management Consulting and market research firm, has analyzed the emerging carbon fiber applications marketand presents its findings in the report, “Emerging Carbon Fiber Applications: 2011–2016.”

Until 2000, aerospace, industrial, and sporting goods applications drove carbon fiber usage. Carbon fiber demand driven by new commercial aircraft such as the Boeing 787, Airbus A380, and A350; weight reductions in automobiles for greater performance and fuel efficiency; growing use of carbon fiber in wind energy, offshore oil and gas development,and emerging applications will power growth during the next five years and beyond.

To understand the critical factors driving carbon fiber demand in the emerging applications, this study details anin-depth market research and analysis to identify and forecast the top emerging applications. Lucintel’s researchhighlights industries thatfosteremerging applications with significant growth potential,including

  1. Automotive
  2. Wind energy
  3. Commercial aerospace
  4. Military and defense
  5. Oil and gas
  6. Compounding

Lucintel sees carbon fiber cost and availability as the two greatest industry challenges.The report provides trend scenarios and forecast statistics for 2011–2016; details industry drivers and challenges; and outlines emerging carbon fiber applications, includingnuclear centrifuge rotor tubes, consumer electronics, offshore oil and gas applications, wind energy, automotive, high-pressure tanks, fuel cells, medical/biomedical, commercial aerospace, and more.

For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056, or email at Lucintel provides cutting-edge decision support services that help facilitate critical decisions with greater speed, insight, and cost efficiency. To find out more, please visit

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