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UK Composites Market Trends and Forecast

The future of the UK composites market looks promising with opportunities in aerospace and defense, transportation, wind energy, and construction end use.The United Kingdom Composites market is expected to reach an estimated $1.3 billion by 2028 with a CAGR of 5.9% 2022 to 2028. 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.
UK Composites Market by End Use Application, Fiber Type, Resin Type, and Manufacturing Process
 

Emerging Trends in the UK Composites Market

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.
A total of 127 figures / charts and 101 tables are provided in this 241-page report to help in your business decisions. A sample figure with insights is shown below.
UK Composites Market by Segments
 

UK Composites Market by Segment

The study includes a forecast for the UK composites market by end use application, fiber type, resin type, and manufacturing process as follows:

UK Composites Market by End Use [Value ($M) and Volume (Million Pounds) Shipment Analysis for 2017 – 2028]:

UK Composites Market by Fiber Type [Value ($M) and Volume (Million Pounds) Shipment Analysis for 2017 – 2028]:

UK Composites Market by Resin Type [Value ($M) and Volume (Million Pounds) Shipment Analysis for 2017 – 2028]:

UK Composites Market by Manufacturing Process [Value ($M) and Volume (Million Pounds) Shipment Analysis for 2016 – 2027]:

  • Hand Layup
  • Spray Up
  • Resin Infusion
  • Pultrusion
  • Injection Molding
  • Compression Molding
  • Prepreg Layup
  • Others

List of UK Composites Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies UK composites companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the UK composites companies profiled in this report includes.

UK Composites Market Insight

  • 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.
  • Glass composites will remain the largest segment over the forecast period due to the increasing use of glass composites in various applications.

Features of UK composites Market

  • Market Size Estimates: UK composites  market size estimation in terms of value ($M) and volume (M lbs)
  • Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments.
  • Segmentation Analysis: Market size by end use, fiber type, resin type, and manufacturing process
  • Growth Opportunities: Analysis of growth opportunities in different end use, fiber type, resin type, and manufacturing process for the UK composites   market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the UK composites   market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the UK composites market size?
Answer: The UK composites market is expected to reach an estimated $1.3 billion by 2028.         
Q2. What is the growth forecast for UK composites market?
Answer: The UK composites market is expected to grow at a CAGR of 5.9% from 2022 to 2028.
Q3. What are the major drivers influencing the growth of the UK composites market?
Answer: 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.           
Q4. What are the major applications or end use industries for UK composites?
Answer: Wind Energy and other applications are the major applications UK composites.  
Q5. What are the emerging trends in UK composites market?
Answer: 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, and NP Aerospace are among the major glass fiber manufacturers 
Q6. Who are the key UK composites companies?
Answer: Some of the key UK composites companies are as follows:
  • GKN Aerospace
  • BAE Systems
  • Hexel
  • Bombardien
  • NP Aerospace
  • Princess.
  • Sunseeker
  • Exel Composites
  • MHI Vestas Offshore Wind
Q7.Which UK composites material segment will be the largest in future?
Answer: 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. 
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

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?

For any questions related to UK composites market or related to UK composite market size, UK composite market analysis, UK composite suppliers, UK composite manufacturers, UK composite raw material, UK composite cost, UK composite market trend and forecast, UK composite applications, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
 
2. UK Composites Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends and Forecasts
3.2: UK Composites Market Trends and Forecast
3.3 UK Composites Market by End Use
3.3.1: Aerospace and Defense
3.3.2: Transportation
3.3.3: Wind Energy
3.3.4: Construction
3.3.5: Others
3.4: UK Composites Market by Fiber Type
3.4.1: Glass Composites
3.4.2: Carbon Composites
3.5: UK Composites Market by Resin Type
3.4.1 Polyester Composites
3.4.2: Epoxy Composites
3.4.3: Vinyl Ester Composites
3.4.4: PA Composites
3.4.5: PP Composites
3.4.6: Others Composites
3.6: UK Composites Market by Manufacturing Process
 
4. Competitor Analysis
4.1: Product Portfolio Analysis
4.2: Operational Integration
4.3: Geographical Reach
4.4: Porter’s Five Forces Analysis
 
5. Growth Opportunities and Strategic Analysis
5.1: Growth Opportunity Analysis
5.1.1: Growth Opportunities for the UK Composites Market by End Use 
5.1.2: Growth Opportunities for the UK Composites Market by Fiber Type
5.1.3: Growth Opportunities for the UK Composites Market by Resin Type
5.1.4: Growth Opportunities for the UK Composites Market by Manufacturing Process
5.2: Emerging Trends in the UK Composites Market
5.3: Strategic Analysis
5.3.1: New Product Development
5.3.2: Mergers and Acquisitions and Joint Ventures
5.3.3: Capacity Expansion
5.3.4: Certification and Licensing
5.3.5: Technology Development
 
6. Company Profiles of Leading Players
6.1: GKN Aerospace 
6.2: BAE Systems
6.3: Hexel 
6.4: Bombardier
6.5: NP Aerospace 
6.6: Princess
6.7: Sunseeker 
6.8: Exel Composites
6.9: MHI Vestas Offshore Wind

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Full Report: UK Composites Market Report: Trends, Opportunities and Competitive Analysis [2023-2028] Full Report $ 4,850
127 figures/charts and 101 tables are provided in this 241 - page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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