Opportunities for the UK composites market to reach $1.2 billion by 2024 USD - 75,019

Publish Date: 17-04-2019 13:23:11 | Contact name: Lucintel | Location: USA | Place: Lucintel, 8951 Cypress Waters Blvd., Suite 160, Dallas, TX 75019 |

According to
a new market report published by Lucintel, the future of the UK composites market
looks attractive with opportunities in transportation,
aerospace & defense, construction, wind energy, and others industry. The UK composites market declined in
2018, however it is forecast to grow with a
CAGR of 4.1% from 2019 to 2024 to reach an estimated $1.2 billion by 2024. 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.



In this market, glass fiber and carbon fiber
are the utilized to manufacture composites parts for various end use
industries. Carbon composites are expected to witness the highest growth rate
over the forecast period. Increasing penetration of carbon composites in
automotive and other weight sensitive applications will spur growth for carbon
fiber over the forecast period from 2019 to 2024.



By resin type, thermoset and thermoplastic resins
are used to make composite parts. In thermoset, polyester composite is expected
to remain the largest market by volume consumption. In thermoplastic resins, polyamide
(PA) is expected to remain the largest market by value and volume consumption due
to increasing demand in transportation and consumer goods applications.



Within this market, transportation will remain
the largest market by value and volume due to increasing demand for lightweight
materials to achieve higher fuel efficiency and to reduce green house gas
emissions. Wind energy is expected
to witness the highest growth over the forecast period due to growth in
offshore wind turbine installations.



Emerging trends, which have a direct impact on
the dynamics of the industry, include development of low-cost carbon fibers as
well as high performance glass fiber, and development of rapid cure resin
systems.



Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in the UK
composites market by end
use industry, manufacturing process, fiber type, and resin type. Lucintel has
prepared a comprehensive research report entitled “Growth Opportunities in
the UK Composites Market 2019-2024: Trends, Forecast, and Opportunity Analysis
.” The
Lucintel report serves as a catalyst for
growth strategy as it provides a comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the UK composites market by end use industry, by
manufacturing process, by fiber type, and resin type as follows:



By End Use Industry ($ Million and Million Pounds shipment analysis
for 2013 to 2024):




  • Transportation

  • Construction

  • Wind
    Energy

  • Aerospace and Defense

  • Others



By Fiber Type ($ Million and Million Pounds shipment analysis
for 2013 to 2024):




  • Glass
    Composites

  • Carbon
    Composites





By Resin Type
($ Million and Million Pounds shipment analysis for 2013 to 2024):




  • Unsaturated
    Polyester (UPR) Composites

  • Epoxy
    Composites

  • Polyamide
    Composites

  • Polypropylene
    Composites

  • Vinyl
    Ester Composites

  • Others
    Composites





By Manufacturing Process ($ Million and Million Pounds shipment analysis
for 2013 to 2024):




  • Hand
    Layup

  • Spray
    Up

  • Resin
    Infusion

  • Pultrusion

  • Injection
    Molding

  • Compression
    Molding

  • Prepreg
    Layup

  • Others







This
170 page 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 helpdesk@Lucintel.com Lucintel
offerings include advanced
materials reports
, composite
materials market report
, strategic
growth consulting
, market research due
diligence
and business
strategy consulting
.







About
Lucintel



Lucintel,
the premier global management consulting and market research firm, creates winning strategies for growth. We offer
market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and due diligence services to executives and key decision makers
in a variety of industries. For further information, visit www.lucintel.com.



This
report answers following 11 key
questions:





Q.1 What are some of the most promising potential, growth
opportunities for the UK composites market by end use application (transportation,
construction, aerospace and defense, wind energy, and others), by fiber type (glass
composites and carbon composites),and by resin type (UPR composites, epoxy
composites, vinyl ester composites, polyamide composites and polypropylene
composites and other composites) and by 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 Which regions will grow at a faster pace
and why?



Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?



Q.5 What are the business risks and threats to
the market?



Q.6 What are emerging trends in this market
and the reasons behind them?



Q.7 What are some changing demands of
customers in the market?



Q.8 What are the new developments in the
market? Which companies are leading these developments?



Q.9 Who are the leading players in this
market? What strategic initiatives are being implemented by key players for
business growth?



Q.10 What are some of the competitive products
and processes in this area and to what extent do they pose a threat for loss of
market share via material or product substitution?



Q.11 What M & A activities have taken
place in the last five years in this
market?



Contact Lucintel: Opportunities for the UK composites market to reach $1.2 billion by 2024

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