UK Composites Market Size & Outlook, 2022-2030
UK composites market, 2018-2030 (US$M)
Related Markets
UK composites market highlights
- The UK composites market generated a revenue of USD 1,548.1 million in 2022 and is expected to reach USD 2,669.2 million by 2030.
- The UK market is expected to grow at a CAGR of 7% from 2023 to 2030.
- In terms of segment, glass fiber others was the largest revenue generating product in 2022.
- Carbon Fiber is the most lucrative product segment registering the fastest growth during the forecast period.
Composites market data book summary
| Market revenue in 2022 | USD 1,548.1 million |
| Market revenue in 2030 | USD 2,669.2 million |
| Growth rate | 7% (CAGR from 2022 to 2030) |
| Largest segment | Glass fiber others |
| Fastest growing segment | Carbon Fiber |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Fiber, Glass Fiber Others |
| Key market players worldwide | Teijin Ltd, Toray Industries Inc, Owens-Corning Inc, PPG Industries Inc, Huntsman Corp, SGL Group, Hexcel Corp, DuPont de Nemours Inc, Compagnie de Saint-Gobain SA, Weyerhaeuser Co, Cytec Industries, Jushi, KINECO, Momentive, Veplas Group |
Other key industry trends
- In terms of revenue, UK accounted for 1.7% of the global composites market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany composites market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,669.2 million by 2030.
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Composites Market Scope
Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK composites market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to composites market will help companies and investors design strategic landscapes.
Glass fiber others was the largest segment with a revenue share of 53.64% in 2022. Horizon Databook has segmented the UK composites market based on carbon fiber, glass fiber others covering the revenue growth of each sub-segment from 2018 to 2030.
The UK economy has seen a fast recovery post-COVID-19 outbreak. The consumer electronics industry in the region has witnessed moderate growth in the recent past due to a decline in the sale of major products such as television and smartphones.
The major reasons responsible for the decline in demand for consumer electronics include lack of innovation coupled with high market maturity levels. However, the emerging trends of digitalization, on-demand content, and data-driven market due to wireless connections are expected to drive the demand for smart electronic devices such as wearables, thereby influencing the market for composites.
According to the Renewable Energy Magazine, the wind power sector in the UK has the world’s second largest installed offshore wind capacity. At present, the industry accounts for a cumulative capacity of 12 GW offshore wind, which is expected to reach 50 GW by 2030.
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Our clientele includes a mix of composites market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the UK composites market , including forecasts for subscribers. This country databook contains high-level insights into UK composites market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK composites market size, by product, 2018-2030 (US$M)
UK Composites Market Outlook Share, 2022 & 2030 (US$M)
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