Continuous Fiber composites (CFC) are the perfect amalgamation of variety of materials, fibers and resins, etc. Based on the type, CFCs are categorized by fiber type which is further classified into carbon and glass fibers. CFCs are used across industries including automotive, electrical & electronics, construction, energy, sports goods and aerospace & defense. CFCs are particularly known for their lightweight, high strength, high resistance against corrosion and excessive heat & fatigue. Also, they are easy to maintain and have long serviceable life with stiffness retention properties. In the aerospace industry, the type of CFC that is being widely used are both glass Fiber reinforced plastic (GFRP) and carbon Fiber reinforced plastic (CFRP). CFCs are also classified based on their applications and on the end-use industries. According to a recent market research report published by BIS Research titled, Global CFC Market for Aerospace Industry – Focus by Type and Application, the market for Aerospace Industry is anticipated to grow at a CAGR of 5.1% till 2023.
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.