01 March 2016
01 March 2016
At JEC World 2016, Future Materials Group (FMG) will be releasing the results of its new analysis into potential growth scenarios for the carbon fibre market over the next 20 years and discussing the opportunities these present for investors and industry players.
FMG's research and analysis team has explored the impact of potential future developments in the aerospace and automotive sectors on the carbon fibre industry. During JEC World, the company will release industry briefings and video commentaries outlining its insights, which propose radical scenarios for the growth of the carbon fibre market through 2034.
"The key opportunity for carbon fibre in commercial aerospace is its potential adoption in narrow bodied aircraft," explains David Schofield, Managing Director, FMG. "If that is successful then even with just a 25% adoption it would increase the market for carbon fibre in commercial aerospace by a factor of x2 in the next 20 years."
The automotive market offers even greater potential. "If 1% of a luxury or niche car were made of carbon fibre, then the carbon fibre automotive market would grow exponentially from the US$250 million it is today up to $3 billion easily in the next 20 years," reports Dr Myriam Yagoubi, FMG Research Analyst. "If mass market cars were to adopt just 1 kg of carbon fibre per car on average the market could double again to $6 billion.”
For investors and industry players with a long-term view both markets offer enormous opportunity, but for very different reasons and with very different risks.
According to FMG, it assists businesses at all stages of development from start-up to maturity, by creating and increasing value through accelerating and managing growth. The company's in-depth industry knowledge and expertise provides clients a comprehensive understanding of the markets in which they operate, or seek to enter, and many emerging areas of opportunity. Following another year of strong business growth in 2015, FMG will continue to expand its research and analysis team and add to its senior team of industry experts during 2016.
FMG is exhibiting in Hall 6, Stand P20.
Continental Structural Plastics (CSP) will install a sheet moulding compound (SMC) production line at its facility in Pouance, France, to support the need for its composite formulations in Europe.
Solvay has celebrated the groundbreaking of its Greenville, Texas, US, manufacturing footprint expansion that increases the site’s resin mixing capacity to meet the growing needs of commercial and military aerospace composite customers.
Covestro is pushing ahead with developing and marketing its continuous fibre reinforced thermoplastic (CFRTP) composites by introducing Maezio as brand name.