Carbon Fiber Prices Drop, Impact to Automotive Industry Is Huge

In the automotive industry, carbon fiber, a composite material, is important to production. It’s also often more expensive than steel. But the growing use of carbon fiber over steel represents the industry’s pursuit of lighter cars that are more fuel efficient in order to bring more value to their customers. This need coincides with the expected price decrease of the material by as much as 90 percent within the coming years. This dramatic decrease, determined by a MAI Carbon Cluster Management GmbH study and reported by Composites Manufacturing Magazine,[1] is poised to have a huge impact on automotive manufacturing.

As the manufacturer’s demand for carbon fiber grows, they’ll need necessary tools to meet those demands. Tools, such as those provided by Magnum Venus Products (MVP). As part of the carbon fiber ecosystem, it is crucial to further discuss what is happening in the market and the growing evolution therein.

Carbon Fiber Will Become the Choice Over Metals

Carbon fiber-reinforced plastics (CFRPs) have exceptional strength to weight ratio, meaning it is both lightweight and durable. Due to this, the use of CFRP over heavier metals is gaining popularity.

With more carbon fiber usage at lower costs, auto manufacturers will have the opportunity to increasingly replace traditional steel parts more and more. Replacing steel with these materials makes the car lighter and able to achieve better gas mileage, which in turn reduces the amount of carbon dioxide in the atmosphere. This urgency to build lighter cars for better gas economy is prompted by the need to meet Corporate Average Fuel Efficiency (CAFE) standards of 54.5 mpg by 2025.

Leveraging carbon fiber allows for new, creative innovation in car manufacturing. With this need to be creative in replacing metals and other materials, new molds and tools will become necessary. MVP is here to meet that need.

What Will Carbon Fiber Replace?

The reduction in weight by using carbon fiber could be as much as 25 to 70 percent compared to metals. Now and for the immediate future, carbon fiber is best suited for closures like doors, lift gates, and hoods, although other structures that could see an influx of carbon fiber usage include seats and instruments as well. By 2020 and beyond, the volume of CFRP used in cars and trucks could well outpace any other applications, according to the study Carbon Fibers: History, Players and Forecast 2020.[2]

Making the Shift by 2020

For the automotive industry to shift to lighter weights and better fuel mileage, heavier parts need to be replaced with comparable materials. In looking at what is light in weight but still robust, carbon fiber and other composites materials are a great choice as replacements. With prices coming down for this material, automotive manufacturers will increasingly use it more and more.

MVP, as a provider of composite application equipment, is excited for what this means for the future of car manufacturing. As the automotive sector continues to increase its carbon fiber usage, MVP will have the tools necessary to best meet those needs.

Read more at mvpind.com

[1] http://compositesmanufacturingmagazine.com/2014/10/carbon-fiber-prices-drop-much-90-percent/

[2] http://www.jeccomposites.com/e-store/carbon-fibres-history-players-and-forecast-to-2020-digital-edition

Follow us on social media for the latest updates in B2B!

Image

Latest

Women's empowerment
Seizing the Narrative: The Transformative Impact of Storytelling on Women’s Empowerment
April 19, 2024

With gender equality becoming a significant global agenda, the narrative around women’s empowerment is more relevant than ever. Amid rising awareness and shifting societal norms, women are increasingly seeking avenues for self-expression and empowerment. A recent study by the Global Gender Gap Report highlights that while progress is being made, substantial efforts are still […]

Read More
V2G technology
Plug into the Future: Decoding V2G for Utility Applications
April 19, 2024

Brian Rudy from Verizon IoT and Melissa Chan of Fermata Energy explore the cutting-edge potential of vehicle-to-grid (V2G) technology at DISTRIBUTECH 2024. Their discussion highlights how this innovation transforms electric vehicles into dynamic energy storage units, capable of stabilizing the grid by storing and discharging power as needed. This technology represents a significant shift […]

Read More
zero trust architecture
Secure Grid Modernization with Zero Trust Architecture
April 19, 2024

Ray Bauer of Verizon Business engages with Del Rodriguez from Palo Alto Networks at DISTRIBUTECH 2024. Rodriguez shares insights into the significance of cybersecurity within the utility sector, particularly in light of increasing cyber threats and the convergence of IT and operational technology (OT). Bauer and Rodriguez discuss Palo Alto Networks’ initiatives to enhance […]

Read More
private wireless networks
Private Wireless Networks
April 19, 2024

Verizon host Wayne Weeks discusses the evolving utility industry with John Gaster, CEO of KSI Data Sciences at DISTRIBUTECH 2024. Together, they explore how KSI focuses on harnessing data from remote sensing devices to enhance the safety, efficiency, and cost-effectiveness of utility operations. Gaster emphasizes the significant role of AI and machine learning in […]

Read More