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United Kingdom Carbon Fibre Market Size, Share, Trends, Forecast: By Material: Pan Based, Pitch Based; By Type: Continuous Carbon Fibre, Long Carbon Fibre, Short Carbon Fibre; By End Use: Aerospace and Defence, Automotive, Construction and Infrastructure, Sporting Goods, Alternative Energy, Others; Competitive Landscape; 2023-2028
United Kingdom Carbon Fibre Market Outlook
The United Kingdom carbon fibre market size attained approximately USD 446.4 million in 2022. The market is estimated to grow at a CAGR of 4.90% in the forecast period of 2023-2028, reaching a value of around USD 594.8 million by 2028.
Key Trends in the Market
Carbon fibre is composed of thin carbon strands that are lightweight, have excellent tensile strength and stiffness, and boast resistance against chemicals and heat. It finds widespread applications in the aerospace, automotive, and construction sectors, among others.
- The growing use of carbon fibre in manufacturing fuel-efficient lightweight vehicles is one of the crucial United Kingdom carbon fibre market trends. These fibres possess an excellent strength-to-weight ratio, which aids vehicle manufacturers in reducing the weight of a vehicle while maintaining its high strength and stiffness.
- Research and development efforts for converting coal tar into a high-value carbon fibre product for diverse uses also provide opportunities for the market expansion.
- Increased usage of carbon fibres in wind turbines due to their superior tensile strength and high efficiency also fuels the United Kingdom carbon fibre market growth. Their high tensile strength enables turbines to withstand harsh weather conditions in the country while their lightweight benefits assist in capturing energy in low wind areas, improving the performance of wind turbines.
Market Analysis
Based on material, the market is bifurcated into pan based and pitch based. On the basis of type, the market is divided into continuous carbon fibre, long carbon fibre, and short carbon fibre. Based on end use, the United Kingdom carbon fibre market segmentation includes aerospace and defence, automotive, construction and infrastructure, sporting goods, and alternative energy, 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 carbon fibre market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- 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
Market Share by Material
Pan based material or polyacrylonitrile occupies a sizeable portion of the United Kingdom carbon fibre market share owing to its widespread applications in several end-use sectors. It can be used in civil and military aircraft, sports equipment, and vehicles such as luxury cars, among others. This can attributed to its favourable properties such as cost-effective nature, high tensile strength, excellent stiffness, and lightweight features, among others. Furthermore, it possesses high resistance against chemicals and high temperatures, which increases its longevity in extreme environmental conditions.
Market Share by End Use
The aerospace and defence sector accounts for a substantial share of the market due to the increasing usage of composite materials in propellors, rockets, engine blades, interiors of aircraft, single aisle, and wide-body wings, among others. A growing focus on improving fuel efficiency and reducing operational costs of aircraft also promotes the United Kingdom carbon fibre market demand as carbon fibres significantly reduce the overall weight of aircraft.
Additionally, carbon fibres can be moulded into any shape and combined into one mould to lower the number of components required to build aircraft, eventually decreasing the overall manufacturing time.
Competitive Landscape
Gen 2 Carbon Limited, established in 2004 and based in West Midlands, the United Kingdom, is a provider of carbon fibre recovery systems. Its leading products include G-Tex TM, a hybrid of thermoplastic and recycled carbon fibre, and G-Tex M, a fabric of recycled carbon fibre.
Crosby Composites Ltd., incorporated in 1986, is a carbon fibre provider for the aerospace sector. The company, headquartered in Northamptonshire, the United Kingdom, also supplies carbon fibres for Formula One cars.
SGL Carbon Fibres Ltd. is a manufacturer of carbon products with its headquarters in Wiesbaden, Germany. The company, founded in 1992, provides pre-impregnated materials and precursor and acrylic fibres, among others.
Other United Kingdom carbon fibre market players include Hexcel Leicester, Carbon Technology Ltd, Mitsubishi Chemical Carbon Fiber and Composites, Solvay S.A., and Toray Industries Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Material |
|
| Breakup by Type |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Carbon Fibre Market Overview
8.1 Key Industry Highlights
8.2 Global Carbon Fibre Historical Market (2018-2022)
8.3 Global Carbon Fibre Market Forecast (2023-2028)
8.4 Global Carbon Fibre Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 United Kingdom Carbon Fibre Market Overview
9.1 Key Industry Highlights
9.2 United Kingdom Carbon Fibre Historical Market (2018-2022)
9.3 United Kingdom Carbon Fibre Market Forecast (2023-2028)
10 United Kingdom Carbon Fibre Market by Material
10.1 Pan Based
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Pitch Based
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
11 United Kingdom Carbon Fibre Market by Type
11.1 Continuous Carbon Fibre
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Long Carbon Fibre
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Short Carbon Fibre
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
12 United Kingdom Carbon Fibre Market by End Use
12.1 Aerospace and Defence
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Automotive
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Construction and Infrastructure
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Sporting Goods
12.4.1 Historical Trend (2018-2022)
12.4.2 Forecast Trend (2023-2028)
12.5 Alternative Energy
12.5.1 Historical Trend (2018-2022)
12.5.2 Forecast Trend (2023-2028)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code – 681511)
14.1 Major Importing Countries
14.1.1 By Value
14.1.2 By Volume
14.2 Major Exporting Countries
14.2.1 By Value
14.2.2 By Volume
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Gen 2 Carbon Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Crosby Composites Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 SGL Carbon Fibres Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Hexcel Leicester
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Carbon Technology Ltd
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Mitsubishi Chemical Carbon Fiber and Composites
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Solvay S.A.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Toray Industries Inc.,
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Carbon Fibre Market: Key Industry Highlights, 2018 and 2028
2. United Kingdom Carbon Fibre Market: Key Industry Highlights, 2018 and 2028
3. United Kingdom Carbon Fibre Historical Market: Breakup by Material (USD Million), 2018-2022
4. United Kingdom Carbon Fibre Market Forecast: Breakup by Material (USD Million), 2023-2028
5. United Kingdom Carbon Fibre Historical Market: Breakup by Type (USD Million), 2018-2022
6. United Kingdom Carbon Fibre Market Forecast: Breakup by Type (USD Million), 2023-2028
7. United Kingdom Carbon Fibre Historical Market: Breakup by End Use (USD Million), 2018-2022
8. United Kingdom Carbon Fibre Market Forecast: Breakup by End Use (USD Million), 2023-2028
9. United Kingdom Carbon Fibre Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 446.4 million.
The market is projected to grow at a CAGR of 4.90% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028, reaching a value of around USD 594.81 million by 2028.
The major market drivers are the growing usage of carbon fibre in the aerospace and defence sectors and the rising demand for lightweight and fuel-efficient vehicles.
The key trends of the market include the growing usage of carbon fibres in lightweight vehicles and wind turbines and R&D activities by researchers to convert coal tar into high-value carbon fibre for application in multiple sectors.
The different materials used in carbon fibre are pan based material and pitch based.
Various types of carbon fibre are continuous carbon fibre, long carbon fibre, and short carbon fibre.
The key players in the market are 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., and Toray Industries Inc., among others.
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