United Kingdom Advanced Composites Market Size, Share, and COVID-19 Impact Analysis, By Product (Aramid, Carbon, and Glass), By Application (Aerospace & Defense, Automotive, Wind Energy, Sporting Goods, and Others), and UK Advanced Composites Market Insights, Industry Trend, Forecasts to 2035
Industry: Advanced MaterialsUnited Kingdom Advanced Composites Market Forecasts to 2035
- The United Kingdom Advanced Composites Market Size Was Estimated at USD 3368.3 Million in 2024
- The UK Advanced Composites Market Size is Expected to Grow at a CAGR of around 9.13% from 2025 to 2035
- The UK Advanced Composites Market Size is Expected to Reach USD 8810.4 Million by 2035
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According to a research report published by Spherical Insights & Consulting, the UK Advanced Composites Market is anticipated to reach USD 8810.4 million by 2035, growing at a CAGR of 9.13% from 2025 to 2035. As air travel increases and wind energy plants are installed in the UK, the need for advanced composites in the aerospace and defence sector and wind turbine manufacture is anticipated to rise dramatically over the course of the projected period.
Market Overview
The UK advanced composites market refers to polymer matrix composites, which are lightweight and strong materials composed of fibre reinforcements embedded in resin matrices. They are known for their high strength and stiffness, making them ideal for cost-effective automated manufacturing. These materials find widespread use in the aerospace, defence, automotive, marine, and wind energy industries. The market is expanding due to the rising need for carbon composites in sectors like energy, marine, and aerospace. The demand for carbon composites has increased as a result of increased air travel and the requirement for lightweight, fuel-efficient aircraft. The market expansion is further supported by the renewable energy sector's adoption of composite-based wind turbines due to their lightweight design and high conversion efficiency. To expand their product portfolios and provide tailored solutions, major firms are taking notable actions and spending vast sums of money on R&D, increasing switching costs to consumers. Moreover, businesses are developing sophisticated, high-strength composite materials with the help of partnerships with research institutes and technology companies. During the forecast period, the carbon composites market is expected to benefit from these, as well as the push for performance and efficiency.
Report Coverage
This research report categorizes the market for the UK advanced composites market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom advanced composites market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United Kingdom advanced composites market.
United Kingdom Advanced Composites Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 3368.3 Million |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | 9.13% |
2035 Value Projection: | USD 8810.4 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 190 |
Tables, Charts & Figures: | 124 |
Segments covered: | By Product, By Application and COVID-19 Impact Analysis |
Companies covered:: | Hexcel Corporation, Toray Industries, Solvay, Teijin Limited, SGL Carbon, Nippon Electric Glass, Owens Corning, Scott Bader, Huntsman Corporation, Others. |
Pitfalls & Challenges: | Covid 19 Impact Challenges, Future, Growth and Analysis |
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Driving Factors
The market for advanced composite materials continues to grow due to increasing demand from many different industries, including construction, healthcare, transportation, aerospace, as well as wind energy. Composites provide a strong, lightweight alternative to traditional metals such as steel and aluminium, thereby enhancing aircraft performance and efficiency. The principal drivers of market growth in advanced composite materials are the demand for lightweight, fuel-efficient cars and planes, the movement to lower fuel costs, and the UK's desire to lower carbon emissions. Government regulations and environmental targets are also encouraging producers to embrace advanced composites, spawning further research and development, and growth in the market.
Restraining Factors
The market for advanced composites is limited by cheaper substitutes like metals. The substitution risk is heightened due to the high cost of composites compared to conventional materials. In time, it is expected that this threat will eventually be constrained due to better performance and decreasing costs of composites. These factors hamper the advanced composites market during the forecast period.
Market Segmentation
The United Kingdom advanced composites market share is classified into product and application.
- The carbon segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The United Kingdom advanced composites market is segmented by product into aramid, carbon, and glass. Among these, the carbon segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The aerospace sector makes extensive use of advanced carbon composites. Over the course of the projected period, the material's high impact resistance and lightweight nature are anticipated to propel market expansion. Additionally, the automobile, sporting goods, and pipes and tanks industries are seeing a sharp increase in demand for sophisticated carbon composites.
- The automotive segment held the highest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The United Kingdom advanced composites market is segmented by application into aerospace & defense, automotive, wind energy, sporting goods, and others. Among these, the automotive segment held the highest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The demand for lightweight, conductive, and durable raw materials in the auto industry is predicted to drive market growth. The UK auto industry is growing at a steady pace, due to the continuous development of technology.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom advanced composites market and a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Hexcel Corporation
- Toray Industries
- Solvay
- Teijin Limited
- SGL Carbon
- Nippon Electric Glass
- Owens Corning
- Scott Bader
- Huntsman Corporation
- Others
Key Target Audience
- Investors
- Market players
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at United Kingdom, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United Kingdom advanced composites market based on the below-mentioned segments:
United Kingdom Advanced Composites Market, By Product
- Aramid
- Carbon
- Glass
United Kingdom Advanced Composites Market, By Application
- Aerospace & Defense
- Automotive
- Wind Energy
- Sporting Goods
- Others
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