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Analysis from Frost & Sullivan, Carbon Fibres Technology‒9 Dimensional Assessment, finds that end-user industries such as the automotive and aerospace sectors are also contributing to funding along with carbon fibre manufacturers, highlighting the intent towards wider adoption.
Although the adoption and commercialisation of carbon fibre 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 fibre. Analysis from Frost & Sullivan, Carbon Fibres Technology‒9 Dimensional Assessment, finds that end-user industries such as the automotive and aerospace sectors are also contributing to funding along with carbon fibre 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 fibre. “The automotive industry is already incorporating carbon fibre in their high-end products and are eagerly researching on ways to do the same across all segments,” said Technical Insights Research Analyst Vivek Ninkileri. “Similarly, sensitisation on the importance of shifting from conventional forms of energy to clean energy sources, especially in the developing world, will significantly contribute to the development of carbon fibre for the energy sector.” 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. “Manufacturers and technology providers are also concentrating on reducing the specific energy consumption of the manufacturing process,” noted Ninkileri. “This will substantially reduce costs and bridge the gap between research and commercialisation of carbon fibre.” About Frost & SullivanFrost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. Their “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure. More information:ww2.frost.com