United Kingdom Carbon Fibre Market Report and Forecast 2024-2032

United Kingdom Carbon Fibre Market Outlook

The United Kingdom carbon fibre market size attained approximately USD 468.27 million in 2023. The market is estimated to grow at a CAGR of 4.90% in the forecast period of 2024-2032, reaching a value of around USD 720.23 million by 2032.

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

United Kingdom Carbon Fibre Market Report Snapshots

United Kingdom Carbon Fibre Market Size

United Kingdom Carbon Fibre Market Share

United Kingdom Carbon Fibre Market Analysis

United Kingdom Carbon Fibre Companies