The global UK composites market is projected to reach $1.0 billion by 2028, at a CAGR of 6.3% during 2023-2028. The growth of UK composites market is 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.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, 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 business risks and threats to the UK composites market?
Q.4 What are some changing demands of customers in the UK composites market?
Q.5 What are the new developments in the UK composites market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this UK composites area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this UK composites market?
Emerging trends, which have a direct impact on the dynamics of the industry, include growing partnership and acquisitions leads to grow UK composites market, and increasing investment in R&D projects across supply chain of UK composites industry.
Market Segmentation:
Based on end use application, the UK composites market is segmented into aerospace and defense, transportation, wind energy, construction, and others. The wind energy segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing potential demand for bigger, stronger, more durable composite turbine blades.
Key Players in the UK composites market are GKN Aerospace, BAE Systems, Hexcel, Bombardien, NP Aerospace, Princess, Sunseeker, Exel Composites, and MHI Vestas Offshore Wind.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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