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United Kingdom Carbon Fibre Market

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; 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

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Material
  • Type
  • End Use
Breakup by Material
  • Pan Based
  • Pitch Based
Breakup by Type
  • Continuous Carbon Fibre
  • Long Carbon Fibre
  • Short Carbon Fibre
Breakup by End Use
  • Aerospace and Defence
  • Automotive
  • Construction and Infrastructure
  • Sporting Goods
  • Alternative Energy
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

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

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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 (2018-2023)
    8.3    Global Carbon Fibre Market Forecast (2024-2032)
    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 (2018-2023)
    9.3    United Kingdom Carbon Fibre Market Forecast (2024-2032)
10    United Kingdom Carbon Fibre Market by Material
    10.1    Pan Based
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Pitch Based
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
11    United Kingdom Carbon Fibre Market by Type
    11.1    Continuous Carbon Fibre
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Long Carbon Fibre
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Short Carbon Fibre
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
12    United Kingdom Carbon Fibre Market by End Use
    12.1    Aerospace and Defence
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Automotive
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Construction and Infrastructure
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Sporting Goods
        12.4.1    Historical Trend (2018-2023)
        12.4.2    Forecast Trend (2024-2032)
    12.5    Alternative Energy
        12.5.1    Historical Trend (2018-2023)
        12.5.2    Forecast Trend (2024-2032)
    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 2032 
2.    United Kingdom Carbon Fibre Market: Key Industry Highlights, 2018 and 2032 
3.    United Kingdom Carbon Fibre Historical Market: Breakup by Material (USD Million), 2018-2023 
4.    United Kingdom Carbon Fibre Market Forecast: Breakup by Material (USD Million), 2024-2032 
5.    United Kingdom Carbon Fibre Historical Market: Breakup by Type (USD Million), 2018-2023 
6.    United Kingdom Carbon Fibre Market Forecast: Breakup by Type (USD Million), 2024-2032 
7.    United Kingdom Carbon Fibre Historical Market: Breakup by End Use (USD Million), 2018-2023
8.    United Kingdom Carbon Fibre Market Forecast: Breakup by End Use (USD Million), 2024-2032 
9.    United Kingdom Carbon Fibre Market Structure

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 468.27 million.

The market is projected to grow at a CAGR of 4.90% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 720.23 million by 2032.

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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