Supporting UK Composites

Innovate UK and HVMC Commissions New UK Composites Market Research Study

Innovate UK and HVMC, through the Knowledge Transfer Network (KTN), has appointed Lucintel to carry out a comprehensive independent market research study to benchmark the UK’s competitiveness in the Global Composites Industry and identify future growth opportunities.

Working together, Innovate UK and Knowledge Transfer Network (KTN), The Department for Business, Energy and Industrial Strategy (BEIS) and High Value Manufacturing Catapult (HVMC), have initiated an independent econometric survey of the UK Composites industry base. Market research consultants Lucintel, supported by Optimat Ltd. for the primary research phase of the project, have been commissioned to undertake a comprehensive data gathering exercise and strategic market study of the current UK composites market and supply chain.

A web survey has been created to enable everyone in the UK Composites manufacturing supply chain to be able to contribute to the study.  The more companies that participate in the web survey the better to provide as much up to date evidence as possible about the UK composites market. 

Anyone interested in participating in the UK composites market research survey can do so online by completing the web survey, here.

  • The survey should only take around 8 - 10 mins to complete.
  • All data will be ‘in confidence’ and ‘anonymous’ in the final published report.++
  • Survey completion deadline – 20th April 2020 

The purpose of the survey is to provide BEIS with authoritative and up to date evidence of the current and projected value of the UK composites industrial output since the last survey, published back in 2015.  This new survey will provide latest market data and trends that will enable better informed UK Government investment decision making to support the future growth of the UK Composite industry.

Working with the Lucintel team leading the project, Glasgow based Optimat Ltd. has been brought in to deliver the extensive primary research interview and data gathering survey stage of the project.  Using the information gathered by Optimat from interviews with key people in companies across the industry and value chain, Lucintel will provide in-depth market and supply chain data analysis and identify potential strategic growth opportunities for the UK composites market.  Lucintel will also be applying its extensive global database to benchmark the competitiveness of the existing UK composites sector across industries and technologies throughout the value chain in key markets.

As well as helping to guide future policymaking and UK Government-supported investments, the study aims to identify attractive emerging technologies and market opportunities for future inward investments in British manufacturing to enhance the UK’s ability to compete in the global composites market in the long term in the UK and overseas.  

The project will be ongoing through 2020, but is expected to be completed by Q2. The key findings will be shared through the Knowledge Transfer Network with UK industry bodies to raise awareness of composites opportunities, to help shape the future of this important and growing industry within the UK.

Website: www.lucintel.com

 ++ NB: Company specific data will not be shared - It should be stressed that all information provided by individual companies is in confidence and will be anonymised and amalgamated with other company information provided to generate an ‘industry level’ assessment only, not individual companies.

 

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