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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
United Kingdom Carbon Fibre 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.
United Kingdom Carbon Fibre 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.
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.*
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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124