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.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
UK Automotive Carbon Fiber Market by Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
UK Automotive Carbon Fiber Market by Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon fiber
UK Automotive Carbon Fiber Market by Application
- Interior
- Exterior
- Structural Assembly
- Others (Powertrain Components)
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.
The Report Covers
- Comprehensive research methodology of the UK automotive carbon fiber market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the UK automotive carbon fiber market.
- Insights about market determinants which are stimulating the UK automotive carbon fiber market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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