Industry overview
Businesses in the UK that produce and process materials have an annual turnover of around £170 billion.
They contribute about 15% of UK GDP, with a gross value-added (GVA) of around £60 billion, and form an important element in the supply chain of many high value manufacturing businesses.
Key market sectors which rely on, or are strongly underpinned by, advanced materials technology include:
- Energy
- Aerospace
- Transport (Land and Marine)
- Healthcare
- Packaging
- Textiles
- Construction
- Defence
- Security