During JEC World 2016, Future Materials Group (FMG, Cambridge, UK), the strategic advisory firm for the advanced materials sector, will release the results of its new analysis into potential growth scenarios for the carbon fiber market over the next 20 years and discuss 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 fiber 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 fiber market through 2034.
"The key opportunity for carbon fiber in commercial aerospace is its potential adoption
in narrow bodied aircraft," said David Schofield, managing director of FMG. "If that is successful then even with just a 25% adoption, it would increase the market for carbon fiber in commercial aerospace by a factor of x2 in the next 20 years."
FMG says 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 $250 million it is today up to $3 billion easily in the next 20 years," says 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.”
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. The FMG team will be available during the show to discuss their research findings further and advise on these opportunities.
FMG is exhibiting on stand P20 at JEC World 2016 composites exhibition in Paris on March 8-10.
The following FMG Industry Briefings are available to download:
- The potential impact of narrow body aircraft on carbon fiber demand
- The transforming automotive market: Is the time right for carbon fiber?
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