Wednesday, October 12, 2011

Study: Wind will be top composites user

Wind energy will overtake aerospace as the largest user of advanced composite materials, according to a research report. The overall market for advanced composites, based on carbon fibers, carbon nanotubes, and grapheme, will more than triple to $25.8 billion by 2020, according to a report by Lux Research. In 2020, wind energy will account for nearly 60 percent of the market for composites, compared to the current 35 percent. (Source: Lux Research via Business Wire, 10/12/11)