Axios — Cotton material will eventually be cheaper, according to the leading technology analysts.
The analysts at Forrester Research and Strategy Inc. are predicting the price of carbon fiber fibers, the most advanced material in the field, will drop from around $2 per ton to $0.15 per ton in 2019.
The price of the material is also expected to drop further, they say.
The fiber will also be more durable and cost-effective.
Forrester estimates carbon fiber will be cheaper to manufacture, as the cost of materials has fallen significantly, while the cost per ounce of fiber has stayed constant.
Forresters forecast carbon fiber prices will fall from $8.50 per ton at the end of 2020 to $4.00 per ton by 2019.
Forresters analysts predict the price decline will be driven by the development of new materials, especially in areas like lightweight aluminum and the use of materials that are less costly.
“It will be more of a commodity product in the next couple of years,” said Richard Gertler, vice president and chief economist for Forreister.
“And the reason is that these new materials will have lower manufacturing costs.”
Cotton is the primary material used in the construction industry, where it has become an important part of a growing array of industrial products.
Its cost has dropped substantially, especially since the 1980s when it was nearly $2 a ton.
In addition, there are cheaper alternatives that are stronger, easier to work with and less expensive.
There are several companies competing for the fiber market.
Fiber is also used in consumer electronics and in clothing.
The carbon fiber used in fiber is a blend of two materials: carbon fiber acetate and carbon fiber resins.
Both are used in a variety of industries including automotive, aerospace, electronics, and other areas.
Fiber, which has been used in many industrial applications for more than 100 years, is typically used in combination with carbon fibers to make flexible plastic.
Carpenter’s Mark Bittman, chief technology officer of Bittmans, said the market is expected to grow in 2019 and 2020 as more fiber-based products are developed.
“We see the market to be growing significantly,” he said.
The analysts predict a sharp drop in the price for carbon fiber as the market matures.
They estimate fiber will become the second-most expensive material in 2019, behind aluminum.
It will be about $1.25 per ton.
They predict the cost will drop to $1 per ounce in 2019 from $2.50 today.
Other factors will likely also play a role.
“The most important thing is the availability of new fibers, particularly for light and medium weight applications,” Bittmen said.
“It is likely that there will be a lot more fiber in the future.”