Lucintel Forecasts UK Composites Market to Reach $2 billion by 2031

According to a market report by Lucintel, the future of the UK composites market looks promising with opportunities in aerospace and defense, transportation, wind energy, and construction end use industry. The UK composite materials market is expected to reach an estimated $2 billion by 2031 with a CAGR of 4% from 2024 to 2031. The major drivers in this market are increasing demand for lightweight materials in the aerospace & defense, automotive, and wind energy industries; the UK composite materials market will also see increased demand due to the need for materials that offer corrosion and chemical resistance in the construction industry.

A more than 150-page report to understand trends, opportunity and forecast in UK composites market to 2031 by end use industry (aerospace and defense, transportation, wind energy, construction, and other end use industries), fiber type (glass composites and carbon composites), resin type (polyester composites, epoxy composites, vinyl ester composites, PA composites, PP composites, and other resin types), and manufacturing process (hand lay up, spray up, resin infusion, pultrusion, injection molding, compression molding, prepreg lay up, and other manufacturing processes).

Lucintel forecast that transportation will the largest end use industry segment and aerospace and defense is also expected to witness the highest growth over the forecast period due to increasing the demand for fuel efficiency and improving the aerodynamic performance in the new aircrafts.

Download sample by clicking on 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.

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 [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

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: [email protected]
Tel. +1-972-636-5056

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