Innovate UK and HVMC selects Lucintel as Market Research Project Partner
Posted on 19/03/2020
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.
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. For more information about Lucintel visit their website here.
Founded in 1998, Lucintel is a premier global management consulting and market research firm. Lucintel’s team includes trusted industry experts in the materials and manufacturing industries. The firm has executed hundreds of consulting projects in market entry strategy, M & A, bench mark studies, and strategic growth consulting and has worked with over thousands of companies in the advanced materials, chemical, automotive, aerospace, construction, energy, and electronics industries.
About Optimat Ltd.
Optimat is a niche consultancy that provides companies, academia and public sector organisations with the discerning research and strategy services they require to make effective decisions on investment, innovation and sustainable business growth.
The company was established in 1989 and initially secured a solid reputation for helping clients exploit the innovation and economic opportunities offered by developments in new materials. Since then, Optimat has broadened its areas of expertise and built up a wealth of experience in manufacturing and the use of advanced materials across all sectors of the knowledge-based economy in the UK and Europe.