Increased Efforts to Speed up Commercialization of Carbon Fibers
New analysis from Frost & Sullivan, Carbon Fibres Technology ‒ 9 Dimensional Assessment, shows increased research efforts to speed up Ccmmercialization of carbon fibers. Although the adoption and commercialization of carbon fiber is poised to escalate across industries due to its unique benefits and attributes, the high costs of raw materials, manufacturing, and integration in end-user sectors remains a challenge. Research activities, along with strategic and research partnerships between the research community and the industry as well as funding from both government and private agencies will be crucial to spearhead the sustainable use of carbon fiber.
The new study from market analysts Frost & Sullivan finds that end-user industries such as the automotive and aerospace sectors are also contributing to funding along with carbon fiber manufacturers, highlighting the intent towards wider adoption. The increasing emphasis on reducing fossil fuel consumption and hence addressing the issue of global warming is underlining the business case for carbon fiber.
To ensure large-scale uptake in more industries, manufacturers must design an eco-friendly and economical recycling method to prevent accumulation of carbon fibre waste. The high defect ratio and rising costs also deter key stakeholders from mass producing products using carbon fibre. Investing in R&D and strategic partnerships with research communities combined with the successful scaling up of new technologies can address these challenges effectively. In addition, collaborating with end-user industries will enable carbon fibre manufacturers to deliver customised solutions.
"Carbon Fibres Technology ‒ 9 Dimensional Assessment", a part of the Technical Insights subscription, is a nine dimensional analysis of carbon fibre technology. The study assesses the year of impact, market potential, global footprint, intellectual property activities, funding scenario, breadth of industries, impact on mega trends, potential points of convergence and size of innovation ecosystem. Further, this study includes detailed technology analysis and industry trends evaluated following extensive interviews with market participants.
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