United Kingdom Automotive Carbon Fiber Composites Market Report and Forecast 2024-2032

United Kingdom Automotive Carbon Fiber Composites Market Outlook

The United Kingdom automotive carbon fiber composites market size is estimated to grow at a CAGR of 13.5% in the forecast period of 2024-2032. Some factors supporting the market expansion are the growing demand for fuel-efficient vehicles and the rising sales of electric vehicles.

Key Trends in the Market

Carbon fiber composite refers to the combination of carbon fiber material and resin, which is widely utilised in the automotive industry. These composite materials have a superior strength-to-weight ratio, which makes them preferable for several automotive components.

• Growing demand for fuel-efficient vehicles is one of the crucial United Kingdom automotive carbon fiber composites market trends. The material provides an alternative to conventional metals due to its benefits like excellent strength and lightweight, reducing overall energy consumption and improving the fuel economy of vehicles.

• Increased implementation of carbon fiber composites in electric vehicles is another factor aiding the United Kingdom automotive carbon fiber composites market growth. Manufacturers are utilising these composites in electric vehicles to improve their performance, reduce weight, and increase their driving range.

• Growing adoption of carbon fiber composite in sports cars due to their excellent strength and lightweight properties is also expected to fuel the market growth in the forecast period as these cars require superior speed and control handling.

Global Market Analysis

Based on production type, the United Kingdom automotive carbon fiber composites market segmentation includes hand layup, resin transfer moulding, vacuum infusion processing, injection moulding, and compression moulding. On the basis of application, the market is categorised into structural assembly, powertrain component, interior, and exterior, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United Kingdom automotive carbon fiber composites market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• BASF SE  

• SGL Carbon SE  

• Hexcel Corporation  

• Toray Industries, Inc  

• Prodrive Holdings Limited  

• Voith GmbH & Co. KGaA  

• Rockwood Composites Limited  

• Pentaxia Limited 

• Other

Market Share by Production Type

Resin transfer moulding occupies a significant portion of the United Kingdom automotive carbon fiber composites market share owing to its accuracy in finishing simple as well as complex shapes. It is an automated or semi-automated process which reduces the requirement for manual labour and improves the efficiency of the production process. Furthermore, its superior mechanical properties such as increased strength and stiffness boost its appeal among manufacturers. Additionally, it provides high production volume while ensuring the consistent quality of material, further proving itself as an optimal option.

Market Share by Application

As per the United Kingdom automotive carbon fiber composites market analysis, exterior accounts for a substantial share of the market due to the growing usage of carbon fiber composites as a substitute for conventional metals. These composites provide superior strength, better impact resistance, and rigidity, which makes them a popular choice for the exterior of a vehicle. Furthermore, they also offer a better cushioning effect in case of collision or accident, which improves the safety of vehicles. They are widely used in body panels such as doors, roof panels, and hoods, among others, to improve the functionality of vehicles.

Competitive Landscape

BASF SE, a multinational chemical company, was established in 1865 and has its headquarters in Ludwigshafen, Germany. Its product catalogue includes solvents, chemicals, pigments, adhesives, and surfactants, among others.

SGL Carbon SE, founded in 1992, is a leading carbon manufacturer with its headquarters in Wiesbaden, Germany. It provides products such as carbon fiber-reinforced carbon, fine grain graphite, and expanded graphite, among others.

Hexcel Corporation, founded in 1948 and based in Connecticut, the United States, is an industrial materials company. Some of its products include carbon fiber, composite materials, and honeycomb, among others.

Other United Kingdom automotive carbon fiber composites market players include Toray Industries, Inc, Prodrive Holdings Limited, Voith GmbH & Co. KGaA, Rockwood Composites Limited, and Pentaxia Limited, among others.

Key Highlights of the Report