UK automotive carbon fiber market is estimated to grow significantly during the forecast period. Significant growth in the electric vehicle market is augmenting the demand for carbon fiber in the country. Government subsidies on the electric vehicle as well as on charging infrastructure are one of the major factors augmenting the EV industry in the country. The government offers a maximum grant up to $4,550 to the individual while buying an electric car in the country whereas a subsidy up to $10,400 can be availed on purchasing an electric van.
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UK automotive carbon fiber market is segmented on the basis of raw material, fiber type, and application. On the basis of raw material, the market is sub-segmented into PAN and petroleum pitch & rayon. PAN is the predominant precursor for carbon fiber due to superior strength and stability, and higher carbon yield. PAN-based carbon fiber is widely used in the automotive industry. Based on the fiber type, the market is classified into virgin automotive carbon fiber and recycled automotive carbon fiber. Based on the application, the market is classified into the interior, exterior, structural assembly, and others. The exterior segment is projected to hold a significant share in the market.
The companies which are contributing to the growth of the UK automotive carbon fiber market include Muhr Und Bender KG Teijin Ltd., SGL Carbon SE, Solvay SA, Toray Industries, Inc., Polar Manufacturing Ltd., and others. The market players are considerably contributing to market growth by adopting various strategies to stay competitive in the market.
UK Automotive Carbon Fiber Market Segmentation
By Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
By Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon fiber
By Application
- Interior
- Exterior
- Structural Assembly
- Others (Powertrain Components)
A full report of UK Automotive Carbon Fiber Market available @ https://www.omrglobal.com/industry-reports/uk-automotive-carbon-fiber-market
Company Profiles
- DowAksa Advanced Composites Holdings BV
- Formosa Plastics Corp.excel Corp.
- Muhr Und Bender KG
- Polar Manufacturing Ltd.
- Sigmatex Ltd.
- Solvay SA
- SGL Carbon SE
- Toray Industries, Inc.
- Teijin Ltd.
- UMATEX, ROSATOM State Corp.
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