U.S. Composite Materials Market Forecast from 2016-2022

Source: Lucintel’s market report, “Growth Opportunities in the Global Glass Fiber Market”

Even though most of the discussions surrounding the use of composite technology get confined to fibers, resin matrices play an equally critical role in performance. Thermosets such as epoxies continue to be the most dominant resin matrix in carbon fiber composites and will find growth in structural applications because of the material’s superior mechanical properties and chemical resistance.

The industry’s adoption of thermoplastics has been cautious due to conservatism in material qualification and airworthiness certification. However, due to advances in processing technology and benefits such as recyclability and cost, high-performance thermoplastics such as polyetheretherketone (PEEK), polyaryletherketone (PAEK), polyetherimide (PEI) and polyphenylene sulfide (PPS) are competing with thermosets and are on the cusp of gaining ground in certain structural and interior applications.