United Kingdom Carbon Fibre Market Outlook
According to the report by Expert Market Research (EMR), the United Kingdom carbon fibre market size reached a value of USD 468.27 million in 2023. Aided by its increasing application across various sectors including aerospace, automotive, and renewable energy, the market is projected to further grow at a CAGR of 4.90% between 2024 and 2032 to reach a value of USD 720.23 million by 2032.
Carbon fibre, known for its exceptional strength-to-weight ratio, durability, and corrosion resistance, has become indispensable in manufacturing sectors seeking to enhance efficiency and reduce environmental impact. The UK, with its strong manufacturing base and commitment to reducing carbon emissions, is at the forefront of adopting carbon fibre technologies.
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The aerospace sector, a significant contributor to the UK economy, is increasingly utilising carbon fibre in aircraft construction to achieve fuel efficiency and lower CO2 emissions. Similarly, the automotive sector is incorporating carbon fibre to produce lighter, more energy-efficient vehicles, aligning with global shifts towards electric vehicles (EVs) and sustainability. The burgeoning renewable energy sector, particularly wind energy, represents another avenue for United Kingdom carbon fibre market growth. The material’s strength and flexibility are ideal for manufacturing large wind turbine blades, enabling more efficient energy production and contributing to the UK’s renewable energy targets.
Innovation is at the heart of the market, with significant investments in research and development aimed at enhancing production efficiency and expanding applications. Government initiatives, such as grants for carbon fibre research and tax incentives for sustainable manufacturing practices, have bolstered market growth. According to the United Kingdom carbon fibre market analysis, collaborations between universities, research institutions, and market players are fostering technological advancements and workforce skill development, ensuring the UK remains a global leader in carbon fibre innovation.
The UK is witnessing growing interest and investment in urban air mobility (UAM) solutions and electric vehicle (EV) technologies. Carbon fibre composites offer lightweighting benefits crucial for enhancing the range, performance, and efficiency of electric vehicles and urban air vehicles. The expansion of UAM and EV markets presents opportunities for carbon fibre manufacturers and suppliers in the UK. The UK government’s environmental regulations and policies supporting low-carbon technologies are pivotal to the United Kingdom carbon fibre market expansion. The commitment to achieving net-zero carbon emissions by 2050 is driving demand for carbon fibre in sectors critical to this goal, including transportation and renewable energy.
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Carbon fibre-reinforced polymers (CFRP) are increasingly being used in infrastructure and construction projects for strengthening and retrofitting existing structures, such as bridges, buildings, and pipelines. The need for durable, corrosion-resistant, and lightweight materials to improve structural performance and extend the service life of ageing infrastructure drives the adoption of carbon fibre in construction applications and contributes to the United Kingdom carbon fibre market share.
Environmental concerns and sustainability initiatives are driving research and development efforts focused on developing sustainable and recyclable carbon fibres. Innovations in bio-based precursors, recycling technologies, and closed-loop manufacturing processes aim to reduce the carbon footprint of carbon fibre production and address end-of-life disposal challenges, thereby appealing to environmentally conscious industries and consumers. As per the United Kingdom carbon fibre market outlook, there is also a growing demand for customised carbon fibre solutions tailored to specific end-user requirements across industries such as sports and recreation, healthcare, and consumer goods. Carbon fibre manufacturers are offering a range of product options, including different weave patterns, resin systems, and fibre orientations, to meet the diverse needs of customers and applications.
Looking forward, the carbon fibre market in the United Kingdom is likely to be influenced by a strong innovation ecosystem, strategic investments, and the growing demand for sustainable, high-performance materials. The expansion of carbon fibre applications into new markets, such as construction and infrastructure, where its durability and lightweight properties can significantly reduce carbon footprints, presents further growth opportunities.
United Kingdom Carbon Fibre Market Segmentation
The market can be divided based on material, type, and end use.
Market Breakup by Material
- Pan Based
- Pitch Based
Market Breakup by Type
- Continuous Carbon Fibre
- Long Carbon Fibre
- Short Carbon Fibre
Market Breakup by End Use
- Aerospace and Defence
- Automotive
- Construction and Infrastructure
- Sporting Goods
- Alternative Energy
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United Kingdom carbon fibre market. Some of the major players explored in the report by Expert Market Research are as follows:
- Gen 2 Carbon Limited
- Crosby Composites Ltd.
- SGL Carbon Fibres Ltd.
- Hexcel Leicester
- Carbon Technology Ltd
- Mitsubishi Chemical Carbon Fiber and Composites
- Solvay S.A.
- Toray Industries Inc.,
- Others
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