FUTURE SCOPE OF CARBON FIBRE
Because of its high tensile strength and lightweight, many consider carbon fiber to be the most significant manufacturing material of our generation. Carbon fiber may play an increasingly important role in areas such as: Energy: Windmill blades, natural gas storage, and transportation, fuel cells. Automobiles: Currently used just for high-performance vehicles, carbon fiber technology is moving into wider use. In December 2011 General Motors announced that it is working on carbon fiber composites for mass production of automobiles. Construction: Lightweight pre-cast concrete, earthquake protection. Aircraft: Defense and commercial aircraft. Unmanned aerial vehicles. Oil exploration: Deepwater drilling platforms, drill pipes. Carbon nanotubes: Semiconductor materials, spacecraft, chemical sensors, and other uses. In 2015, carbon fiber had a $2.25 billion market size. Projections have the market expanding to $31 billion by 2024. To accomplish this, costs must be reduced and new a...