Page 8 - MODCOMP NEWSLETTER 1
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each application in order to determine the com- for at least two years after the project comes to
posite’s fitness for purpose. a conclusion.
The MODCOMP project has so far identified the The global carbon fiber market is forecast to
key criteria, which are essential for the charac- grow at a CAGR of 11.0% by value from 2016 to
terisation of the pre- and post-manufactured 2021. The major growth drivers of this market
materials in programme. Further work will be are the growing demand of lightweight material
done to establish a full set of criteria for each in end-use industries.
application.
A primary means of keeping stakeholders ap- CF Market expected revenue (Source: https://www.zionmarket-
prised of the work involved in the MODCOMP research.com/market-analysis/carbon-fiber-market)
project is the project website, which is one of
the most important sources of information The other major drivers are the increasing pen-
about the project available to most stakehold- etration of carbon fiber in commercial aircraft
ers. (B787 and A380), wind turbine blades, automo-
The MODCOMP website can be accessed via the tive applications and various industrial applica-
Internet at the following address: tions. In this market, sporting goods, aerospace,
and industrial applications are the end use ap-
The MODCOMP project website has been set up plications of carbon fiber. The demand for in-
at the early beginning of the project (April 2016) dustrial application is expected to experience
and it’s constantly updated. It provides general the highest growth in the forecast period, sup-
information about project, its main goals, the ported by growing wind energy industry and in-
partners and reporting the various public pro- crease demand for lightweight materials in au-
ject dissemination activities. tomotive industry. The future of the global car-
The website is continually updated throughout bon fiber market looks attractive with opportu-
the life of the project and thus acts as a dynamic nities in the aerospace, sporting goods, and in-
and up-to-date source of information for stake- dustrial applications.
holders interested in the next generation of CF-
based materials for structural and electronics
applications. The site is going to be maintained
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