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Renewable energy standards and offshore installations power five-fold        surge to $15.4 billion, says Lux Research

Wind energy, powered by stringent renewable energy standards and larger        installations offshore, will overtake aerospace as the largest user of        advanced composite materials. The overall market for advanced composites        – based on carbon fibers, carbon nanotubes, and graphene – more than        triples to $25.8 billion by 2020, according to a research report.

The use of advanced structural materials by makers of wind turbines will        increase from $2.5 billion in 2011 to $15.4 billion in 2020, as growth        in aerospace lags, despite the introduction of new aircraft, such as        Boeing''s Dreamliner, that use large quantities of carbon        fiber-reinforced plastics (CFRPs), according to the report by Lux        Research. In 2020, wind energy will account for nearly 60% of the        market for composites, compared with the current 35%.

"Despite serving as a flagship for commercial success of CFRPs, the        volumes in aerospace are relatively limited. Boeing currently has the        capacity to produce only two Dreamliners per month and is striving to        raise this figure to 10 by the end of 2013," said Ross Kozarsky, a Lux        Research Analyst and the lead author of the report. "In wind, 18,405        megawatts of capacity were added in the first six months of 2011, which        translates to over 1,000 turbines per month."

Lux analysts found that the combined market for these materials would        rise from $7.0 billion in 2011 to $25.8 billion in 2020, reflecting an        average compound annual growth rate (CAGR) of 16%. Among Lux Research''s        other key conclusions:

• Aerospace to lose ground but has potential upside. The          aerospace market will grow at a healthy CAGR of 13% over the next          decade to $6.3 billion, boosted by Boeing''s 787 Dreamliner and Airbus''          A350 XWB, both of which are built with 50% advanced composites.          Boeing''s year-end decision on whether to use aluminum or carbon fiber          composites for its next-generation 737 aircraft offers a significant          upside.
• Auto industry still a sleeping beast. The auto industry will be          the second-largest growth sector with a CAGR of 17% and a spending of          $2.1 billion in 2020. Still, the sector will remain far short of its          mammoth potential over the next decade.
• Oil and gas remains a laggard. Industry-wide conservatism and          persistence with steel will keep oil and gas a laggard in the use of          advanced composites. This sector will register the slowest growth – a          mere 5% CAGR, rising to $427 million in 2020.

The report, titled "Carbon        Fiber and Beyond: The $26 Billion World of Advanced Composites," is        part of the Lux        Research Advanced Materials Intelligence service. Join a        complimentary Lux Research webinar discussing these technologies on        October 18^th at 11:00 EDT. To register, click        here.

About Lux Research

Lux Research provides strategic advice and on‐going intelligence for        emerging technologies. Leaders in business, finance and government rely        on us to help them make informed strategic decisions. Through our unique        research approach focused on primary research and our extensive global        network, we deliver insight, connections and competitive advantage to        our clients. Visit www.luxresearchinc.com        for more information.

Contacts:

Lux Research, Inc.
Carole Jacques, 617-502-5314
carole.jacques@luxresearchinc.com