The latent potentials of carbon fiber are almost infinite. It is a compound made out of organic polymers and has high-strength, low-weight, cost-effectiveness, electric conductivity, corrosion and heat resistance. Such highly impressive properties of this composite material makes it aa ideal and leading material for various industrial usages. But its future is greatly dependent on the way the inventors and researchers choose to use it.
The evolution of the global carbon fiber market is greatly attributed to the rising demand for carbon fiber from the automotive, aerospace, sporting goods, and medical industries. The speed at which carbon fiber is integrating into larger commercial markets and more and more common applications is tremendously high.
With advanced researches and experiments, carbon fibers have now leapt into the medical field and are contributing their share in the development of devices used for medical diagnosis and treatments that promote healing and support patients to live healthy lives. A University of Arizona researcher recently invented the application of carbon fiber fabric that can be used around fractured bones to fix them back in their original positions. Professor Hamid Saadatmanesh is the real architect behind the invention of this flexible carbon fiber material. This fabric is filled with an inert polymer which helps in expansion of this material, and then acts as a permanent unbreakable cast and helps in treating fractured bones.
Recently, Professor Saadatmanesh has joined hands with UAVenture Capital and has also started a company, named as MediCarbone, in order to commercialize the carbon fiber fabric. Fletcher McCusker, the CEO and founder of UAVenture Capital stated that Professor Saadatmanesh has brilliantly used his entrepreneurial skills, engineering knowledge, and imagination to resolve substantial global issues by making such a creative and innovative use of carbon fiber. According to him, there are tons of opportunities for both infrastructure repair and medical application of carbon fiber in the coming years. This kind of creative usage of carbon fiber technology is indeed one more example of how the University of Arizona is involved in moving the Fourth Industrial Revolution onward.
According to a report published by Research Dive, the North America carbon fiber market is projected to reach US$2,331 million by 2025, and grow at a healthy growth rate of CAGR of 11.0% from 2018 to 2025. The rise in demand for lightweight materials from automotive and aerospace manufacturers has greatly increased the demand and application for carbon fibers in Automotive industries. The unique features of this composite material makes it an ideal choice in the development of light-weight vehicles, and hence the material is on the verge to enjoy high demand from the sectors involved in the production of light-weight vehicles. On the other hand, the growing demand for fuel-efficient vehicles to meet the strict pollution control rules is also expected to fuel the demand for carbon fiber composites in the next few years.