The future of the Indian composites market looks promising with opportunities in pipe and tank, aerospace and defense, wind energy, electrical and electronics, construction, transportation, marine and telecommunication. The Indian composites market is expected to reach an estimated $1.9 billion by 2026 with a CAGR of 16.3% from 2021 to 2026. The major driver for market growth is the rise in demand for electrical and electronic, wind energy, and pipe and tank applications due to increase in the number of government projects like smart cities development, eco-friendly energy generation, fresh water transportation, sewage treatment system, rehabilitation of water and sewage pipe lines.
Emerging trends, which have a direct impact on the dynamics of the Indian composites market, includes innovation trends focused on high tensile strength, innovation trends focused on high tensile modulus, and innovation trends focused on compatibility with different resins.
A total of 47 figures / charts and 29 tables are provided in this 116-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the Indian composites market report, please download the report brochure.
The study includes trends and forecast for the Indian composites market by end use, fiber type, and resin type as follows:
By End Use [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:
- Pipe and Tank
- Transportation
- Wind Energy
- Aerospace and Defense
- Construction
- Marine
- Electrical and Electronics
- Telecommunication
- Others
By Fiber Type [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:
- Glass Fiber
- Carbon Fiber
- Aramid Fiber
By Resin Type [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:
- UPR
- Epoxy
- Vinyl Ester
- Others
Within the Indian composites market, wind energy will remain the largest end use by value and volume and it is also expected to witness highest growth over the forecast period due to its various advantages like; long shelf life, less maintenance, resistance to corrosion, and high strength-to-weight ratio.
Some of the Indian composites manufacturers profiled in this report include Suzlon, Kineco, Mahindra CEI Automotive, Tata AutoComp Systems, and Patil Rail Infrastructure.
Features of the Indian Composites Market
- Market Size Estimates: Indian composites market size estimation in terms of value ($M) shipment and volume (M lbs)
- Trend And Forecast Analysis: Indian composites market trends (2015-2020) and forecast (2021-2026) by various segments.
- Segmentation Analysis:Indian composites market size by various segments, such as end use, fiber type and resin type in terms of value and volume.
- Growth Opportunities: Analysis on growth opportunities in different end use for the Indian composites market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the Indian composites market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 10 key questions
Q.1 What are some of the most promising potential, high-growth opportunities for the Indian composites market by end use (pipe and tank, aerospace and defense, wind energy, electrical and electronics, construction, transportation, marine, telecommunication and others), fiber type (glass fiber, carbon fiber, aramid fiber) and resin type (UPR, epoxy, vinyl ester and others)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the Indian composites market?
Q.4 What are the business risks and threats to the Indian composites market?
Q.5 What are emerging trends in this Indian composites market and the reasons behind them?
Q.6 What are some changing demands of customers in the Indian composites market?
Q.7 What are the new developments in the Indian composites market? Which companies are leading these developments?
Q.8 Who are the major players in the Indian composites market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are some of the competitive products and processes in the Indian composites market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.10 What M&A activities did take place in the last five years in the Indian composites market?