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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 UK Composites market is expected to reach an estimated $735 million by 2030 with a CAGR of 3% from 2023 to 2030. The major drivers in this market are increasing demand for lightweight materials in the aerospace & defense, automotive, and wind energy industries; the UK composites market will also see increased demand due to the need for materials that offer corrosion and chemical resistance in the construction industry.Emerging Trends in the UK Composites Market
Emerging trends, which have a direct impact on the dynamics of the UK composites industry, includes growing partnership and acquisitions leads to grow UK composites market, and increasing investment in R&D projects across supply chain of UK composites industry.UK Composites Market by Segment
The study includes a forecast for the UK composites market by end use application, fiber type, resin type, and manufacturing process as follows:UK Composites Market by End Use [Value ($M) andVolume (Million Pounds) Shipment Analysis for 2018 - 2030]:
- Aerospace and Defense
- Transportation
- Wind Energy
- Construction
- OthersUK Composites Market by Fiber Type [Value ($M) andVolume (Million Pounds) Shipment Analysis for 2018 - 2030]:
- Glass Composites
- Carbon CompositesUK Composites Market by Resin Type [Value ($M) andVolume (Million Pounds) Shipment Analysis for 2018 - 2030]:
- Polyester Composites
- Epoxy Composites
- Vinyl Ester Composites
- PA Composites
- PP Composites
- Other CompositesUK Composites Market by Manufacturing Process [Value ($M) andVolume (Million Pounds) Shipment Analysis for 2018 - 2030]:
- Hand Layup
- Spray Up
- Resin Infusion
- Pultrusion
- Injection Molding
- Compression Molding
- Prepreg Layup
- Others
List of UK Composites Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies UK composites companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the UK composites companies profiled in this report includes.- GKN Aerospace
- BAE Systems
- Hexcel
- Bombardien
- NP Aerospace
- Princess
- Sunseeker
- Exel Composites
- MHI Vestas Offshore Wind
UK Composites Market Insight
- The publisher forecasts that wind energy will remain the largest end use segment and is also expected to witness the highest growth over the forecast period due to due to increasing potential demand for bigger, stronger, more durable composite turbine blades.
- Glass composites will remain the largest segment over the forecast period due to the increasing use of glass composites in various applications.
Features of UK composites Market
- Market Size Estimates:UK composites market size estimation in terms of value ($M) and volume (M lbs)
- Trend and Forecast Analysis:Market trends (2018-2023) and forecast (2024-2030) 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 $735 million by 2030.
Q2. What is the growth forecast for UK composites market?
Answer: The UK composites market is expected to grow at a CAGR of 3% from 2023 to 2030.
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: Others which includes pipe and tanks, electrical and electronics, marine and consumer goods is the major end use for global 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
Answer: The publisher forecasts 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, the publisher provides 10% Customization Without any Additional Cost.
This report answers the 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?
Table of Contents
1. Executive Summary
2. UK Composites Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Competitor Analysis
5. Growth Opportunities and Strategic Analysis
6. Company Profiles of Leading Players
Companies Mentioned
- GKN Aerospace
- BAE Systems
- Hexel
- Bombardier
- NP Aerospace
- Princess
- Sunseeker
- Exel Composites
- MHI Vestas Offshore Wind
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the 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 the 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 professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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