According to the recent study the UK composites market is projected to reach an estimated $735 million by 2030 from $605 million in 2023 at a CAGR of 3% from 2023 to 2030. Growth in this market is primarily driven by 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.
Browse 127 figures/charts
and 101 tables in this 241-page report to understand trends, opportunities and
forecast in 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).
Lucintel forecast that
wind energy will remain the largest end use segment and is also expected to
witness the highest growth over the forecast period due to due to increasing
potential demand for bigger, stronger, more durable composite turbine blades.
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UK composites market.
Glass composites will
remain the largest segment over the forecast period due to the increasing use
of glass composites in various applications.
GKN Aerospace, BAE
Systems, Hexcel, Bombardien, NP Aerospace, Princess, Sunseeker, Exel
Composites, and MHI Vestas Offshore Wind are among the major UK composites
providers.
This unique 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 write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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