Investing in composite materials is likely a good idea, it seems that their is a daily news report about a product utilizing composites or carbon fiber. The truth is, more and more products are integrating composite materials because they are higher performing. Additionally, as the composites industry further matures, manufacturing costs should continue to decrease.
The fact of the matter is, the composite material industry is a growth sector.
Annual Global Sales of Composite Materials:
2011 - $16.1 billion
2015 estimated - $28.2 billion
2020 estimated - $48.7 billion
(Source: Materials Technology Publications)
Part of the reasoning behind the success and predicted growth of the composite material industry, is the fast integration into almost every single major industrial sector. Think about all the industries that have adopted composites:
- Aerospace
- Defense
- Space
- Mass transit
- Heavy trucking
- Sports and leisure
- Oil and gas
- Marine
- Hexcel Corporation (NYSE: HXL)
- Cytec Industries Inc. (NYSE: CYT)
- Toray Industries Inc. (TYO: 3402)
- 3M Co. (NYSE: MMM)
- Illinois Tool Works (NYSE: ITW)
- Zoltek Companies Inc. (NASDAQ: ZOLT)
- SGL Group (PINK: SGLFF)
- Nippon Carbon Co., Ltd. (TYO: 5302)
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Photo Credit: Titanium22 via Flickr (Creative Commons)