BIS Research - Emerging Technology Market Intelligence

Continuous Fibre Composites Gaining Traction in Automotive Industry

May 1, 2018 5:58:43 AM / by BIS Research posted in Continuous Fiber Composites Market forecast, Continuous Fiber Composites research, Advanced Materials & Chemicals, Continuous Fiber Composites Market analysis, Continuous Fiber Composites Market growth, Continuous Fiber Composites Market report, Continuous Fiber Composites trends, Fiber Composites Market share, Global Continuous Fiber Composites Market

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Earlier, wood, cast iron, stone, copper, and brick materials were used in different industries such as automotive, aerospace & defense, wind energy, and construction industry. However, the usage of these materials poses certain problems such as low resistance to temperature, corrosion, heat and huge maintenance costs. To overcome such shortcomings, light materials such as Continuous Fibre composites are used. Over the last decade, these materials are used significantly owing to the various advancements in the technology.  According to the latest market intelligence report by BIS Research titled, ‘Global Continuous Fibre Composite Market – Analysis and Forecast (2017-2022)’, the market is expected to reach $3.45 billion by 2022. The market is driven by stringent government regulations compelling the use of continuous fibre composites, superior properties as compared to the conventional materials, and rising demands for continuous fibre thermoplastic from various end-user industries.

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