Lucintel Forecasts the UK Composites Market to Reach $735 Million by 2030
Lucintel Forecasts the UK Composites Market to Reach $735 Million by 2030
Blog Article
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 the UK composites market by end use (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 lay up, spray up, resin infusion, pultrusion, injection molding, compression molding, prepreg lay up, 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.
Glass composites will remain the largest segment over the forecast period due to the increasing use of glass composites in various applications.
Nippon Electric Glass Co. Ltd., Owens Corning, Hexcel Corporation, Scott Bader, SGL Carbon, Huntsman Corporation, Toray Industries Inc. are the major suppliers in the UK composites market.
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. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056