According to a new market report published by Lucintel, the future of the
UK composites market looks promising with opportunities in aerospace and defense, transportation, wind energy, and construction end use. The UK composites market is expected to reach an estimated $1.3 billion by 2027 with a CAGR of 9.3% from 2021 to 2027. The major drivers in this market are increasing demand for lightweight materials in the aerospace & defense, automotive, and wind energy industries; the UK composites market will also see increased demand due to the need for materials that offer corrosion and chemical resistance in the construction industry.
In this market, glass composites, and carbon composites are the fiber types used in different end use industries. Lucintel forecast that glass composites will remain the largest segment over the forecast period due to the increasing use of glass composites in various applications. Carbon composites is expected to witness the highest growth over the forecast period.
Within the UK composites market, wind energy will remain the largest end use segment over the forecast period due to increasing potential demand for bigger, stronger, more durable composite turbine blades. Construction is expected to witness the highest growth over the forecast period.
Emerging trends, which have a direct impact on the dynamics of the UK composites industry, includes growing partnership and acquisitions leads to grow UK composites market, and increasing investment in R&D projects across supply chain of UK composites industry. GKN Aerospace, BAE System, Hexcel, Bombardier, Princess, Sunseeker, and NP Aerospace are among the major composite manufacturers in UK.
Lucintel, a leading global strategic consulting and
market research firm, has analyzed growth opportunities in the UK composites market end use, fiber type, resin type, and manufacturing process. Lucintel has prepared a comprehensive research report entitled “
Growth Opportunities in the UK Composites Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the UK composites market by end use, fiber type, resin type, and manufacturing process as follow:
By End Use [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
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Aerospace and Defense
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Transportation
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Wind Energy
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Construction
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Others
By Fiber Type [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
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Glass Composites
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Carbon Composites
By Resin Type [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
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Polyester Composites
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Epoxy Composites
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Vinyl Ester Composites
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PA Composites
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PP Composites
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Other Composites
By Manufacturing Process [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
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Hand Layup
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Spray Up
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Resin Infusion
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Pultrusion
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Injection Molding
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Compression Molding
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Prepreg Layup
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Others
This 241-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link
www.lucintel.com/uk-composites-market.aspx helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 10 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the UK composites market by end use application (aerospace and defense, transportation, wind energy, construction, and others), fiber type (glass composites, and carbon composites), resin type (polyester composites, epoxy composites, vinyl ester composites, PA composites, PP composites, and other), and manufacturing process (hand layup, spray up, resin infusion, pultrusion, injection molding, compression molding, prepreg layup, and others)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.4 What are the business risks and threats to the market?
Q.5 What are the emerging trends in this market and the reasons behind them?
Q.6 What are the changing demands of customers in the market?
Q.7 What are the new developments in the market? Which companies are leading these developments?
Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.10 What M & A activities have taken place in the last 5 years in this market?
