The U.S. high-performance compound market will reach 10 billion

China Coatings Online News: The U.
.S. high-performance composites market will reach 10 billion U.S. dollars. The Freedonia Group

a market report on high-performance composites, according to experts at China Coatings Online. The report notes that U.S. demand for high-performance composites will grow at an annual rate of 5.3 percent, and the U.S. high-performance composites market will total $10 billion by 2020. The dark blue below is carbon fiber composite, rice white is glass fiber composite, red is aramid composite, green is other fiber composite material. However, the growth rate of 5.3% is lower than that of the rapid growth of the high-performance composites market in China from 2010 to 2015. The U.S. high-performance composites market grew dramatically between 2010 and 2015, when many Boeing 787s began to deliver more than 50 percent of the materials used.
the future, the demand for high-performance composites will grow steadily in the aerospace sector, as will applications in wind energy and high-pressure containers. According to China Coatings online

, although the size of wind energy and high-pressure containers is small, but the growth rate is faster. High-cost and labor-intensive production methods will continue to prevent high-performance composites from expanding into higher volume and price-sensitive markets. Aerospace remains the fastest growing main market for pressure vessel applications: by 2020, aerospace will remain the leading market for high-performance composites. Pressure vessels will be the fastest growing application, and high-performance composites will continue to gain market share in pressure vessels for storing high-pressure gases. Despite the rapid development of the automotive market, the widespread use of high-performance composites in automobiles will take time, as the processing of carbon fiber composites is expensive and time-consuming, and difficult to apply quickly in the production of consumer vehicles.
wind energy market is expected to grow rapidly. Recent tax credit expansions will stabilize this historically volatile market, and carbon fiber will be effective in lightweighting turbine blades as manufacturers need to produce longer ones. Carbon fiber growth in defense and security will remain average as federal defense spending will be slower than GDP growth in the coming year. As the sporting goods market matures, it will only see marginal gains. Carbon fiber will account for 85% of the composite market share: by 2020, carbon fiber will have the largest composite market share, up to 85%, and due to its falling price, performance can not be improved, the application area will become more extensive. Aramid composites are close behind, and their industrial applications will gradually increase. Low-cost fiberglass composites will grow at a lower-than-average rate, outsized by other fiber-based composites that are slow to develop outside of military aircraft applications.
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