Innovate UK and HVMC selects Lucintel as Market Research Project Partner


   September 3, 2020
Innovate UK and HVMC awards Lucintel a prestigious survey project through the Knowledge Transfer Network (KTN) to benchmark the UK’s competitiveness in the Global Composites Industry and identify future growth opportunities. 

Working together, Innovate UK and Knowledge Transfer Network (KTN), The Department for Business, Energy and Industrial Strategy (BEIS) and High Value Manufacturing Catapult (HVMC), have initiated an independent econometric survey of the UK Composites industry base. Lucintel, a premier Management Consulting and market research firm have been commissioned to conduct strategic market study of the current UK composites market and supply chain.

The purpose of the survey is to provide BEIS with authoritative and up to date evidence of the current and projected value of the UK composites industrial output since the last survey, published back in 2015.  This new survey will provide latest market data and trends that will enable better informed UK Government investment decision making to support the future growth of the UK Composite industry.

Lucintel will provide in-depth market and supply chain analysis and identify potential strategic growth opportunities for the UK composites market.  Lucintel will also be applying its extensive global database to benchmark the competitiveness of the existing UK composites sector across industries and technologies throughout the value chain in key markets. Helping to guide future policymaking and UK Government-supported investments, the study aims to identify attractive emerging technologies and market opportunities for future inward investments in British manufacturing to enhance the UK’s ability to compete in the global composites market in the long term in the UK and overseas.  Working with the Lucintel team leading the project, Glasgow based Optimat Ltd. has been brought in to conduct primary research and data gathering for the project.  

The project will be ongoing through 2020, but is expected to be completed by Q2. The key findings will be shared through the Knowledge Transfer Network with UK industry bodies to raise awareness of composites opportunities, to help shape the future of this important and growing industry within the UK.

For more information about Lucintel go online to  www.lucintel.com.

 

Issue date: 25th February 2020

Media contact details:

Brandon Fitzgerald, Lucintel, Tel.: +1-972-636-5056, Email: Brandon.Fitzgerald@Lucintel.com

Nigel O’Dea, Lucintel LLC, Tel :  +44 (0) 207 558 8798      Email: nigel.odea@lucintel.com

 

About KTN

KTN is a network partner of Innovate UK. KTN links new ideas and opportunities with expertise, markets and finance through the its network of businesses, universities, funders and investors. From agri-food to autonomous systems and from energy to design, KTN combines in-depth knowledge in all sectors with the ability to cross boundaries.

www.ktn-uk.co.uk

About Lucintel

Founded in 1998, Lucintel is a premier global management consulting and market research firm. Lucintel’s team includes trusted industry experts in the materials and manufacturing industries. The firm has executed hundreds of consulting projects in market entry strategy, M & A, bench mark studies, and strategic Growth Consulting and has worked with over thousands of companies in the advanced materials, chemical, automotive, aerospace, construction, energy, and electronics industries.

www.lucintel.com.

Lucintel has extensive consulting and market research capabilities across various industries. It has published over 1,000 market research studies across industries and 100+ syndicated research reports on the composites industry as below with links.

Composites Market Report:

This market report covers opportunities for global composite materials, which is expected to reach an estimated $41.8 billion by 2025 at a CAGR of 3.8% from 2020 to 2025.

For more details click here https://www.lucintel.com/composites-market.aspx

 

Prepreg Market Report:

This market report covers opportunities for Prepreg, which is expected to reach an estimated $6.4 billion by 2024 with a CAGR of 4.6% from 2019 to 2024.

For more details click here https://www.lucintel.com/prepreg-market.aspx

 

UK Composites Market Report:

This market report covers opportunities for composites in UK, which is expected to reach an estimated $1.2 billion by 2024 with a CAGR of 4.1% from 2019 to 2024

For more details click here https://www.lucintel.com/uk-composites-market.aspx

 

Carbon Fiber Market Report:

This market report covers opportunities for Carbon fiber, which is expected to reach an estimated $3.7 billion by 2025 with a CAGR of 5.5% from 2020 to 2025

For more details click here https://www.lucintel.com/carbon-fiber-market.aspx

 

Glass Fiber Market Report:

This market report covers opportunities for Glass fiber, which is expected to reach an estimated $10 billion by 2024 with a CAGR of 3.9% from 2019 to 2024

For more details click here https://www.lucintel.com/glass-fiber-market.aspx

 

About Optimat Ltd.

Optimat is a niche consultancy that provides companies, academia and public sector organisations with the discerning research and strategy services they require to make effective decisions on investment, innovation and sustainable business growth.

www.optimat.co.uk

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