Standardization and recycling will increase applications for the material and bolster revenue, says Lux Research.
Carbon fiber reinforced polymers (CFRPs) are a critical class of performance materials, but disruptions from COVID-19 have made the future of the industry uncertain.
In our new report, “The Future of Carbon Fiber Composites,” we outline major challenges and opportunities carbon fibers and CFRPs face and how standardization and recycling are enabling the CFRP market to grow to a $64 billion industry by 2030. Download the executive summary to learn more.
Lux Research is a leading provider of tech-enabled research and advisory services, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux empowers clients to make more informed decisions today to ensure future success.
For more information and insight from Lux Research, visit our blog, connect on LinkedIn, or follow @LuxResearch.