New Regulations Could Enable £16 Billion UK Composites Industry Growth

A new position paper by the University of Southampton recognises the growing demand for composite materials and explores how modernising government regulations could accelerate industry growth.

As economic and sustainability pressures have grown, there is increased pressure to reduce energy consumption (including fuel usage), ‘through-life costs’ and installation times. This has increased demand for stronger, lighter, more intelligent and more durable materials tailor made for purpose.[1]

While leading in innovation, the UK is ‘not the most agile in bringing these new products to market’.

The report suggests an updated government procedure to help businesses create new composite products gain a first-mover advantage into the global market, enabling growth of up to £16 billion by 2030 (£4 billion more than current predictions).

Sources include the Composites Leadership Forum and Composites UK

Read the Paper Here

 

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