Future Materials Group releases predictions for next 20 years

Reinforced Plastics  Volume 00, Number 00  May 2016

BUSINESS

Business Future Materials Group releases predictions for next 20 years Future Materials Group (FMG), the strategic advisory firm for the advanced materials sector, is publishing an analysis of how the carbon fiber market might grow over the next 20 years. In particular, FMG explores the impact of potential future developments in the aerospace and automotive sectors on the carbon fiber industry. ‘The key opportunity for carbon fiber in commercial aerospace is its potential adoption in narrow bodied aircraft,’ said David Schofield, managing director, FMG. ‘If that is successful then even with just a 25% adoption it would increase the market for

BMW is committed to developing carbon fiber

carbon fiber in commercial aerospace by a factor of two in the next 20 years.’

According to the company, the automotive market offers even greater potential. ‘If 1% of a luxury or niche car were made of carbon fiber, then the carbon fiber automotive market would grow exponentially from the US$250 million it is today up to US$3 billion easily in the next 20 years,’ suggested Dr Myriam Yagoubi, FMG research analyst. ‘If mass market cars were to adopt just 1 kg of carbon fiber per car on average the market could double again to $6 billion.’

FMG; www.futurematerialsgroup.com

0034-3617/http://dx.doi.org/10.1016/j.repl.2016.04.033

1 Please cite this article in press as: Reinf. Plast. (2016), http://dx.doi.org/10.1016/j.repl.2016.04.033