The future of the Indian glass fiber market looks promising with opportunities in pipe and tank, aerospace and defense, wind energy, electrical and electronics, construction, transportation, and marine end uses. The Indian glass fiber market is expected to reach an estimated $0.2 billion by 2027 with a CAGR of 12.4% from 2021 to 2026. The major driver for market growth is the domestic consumption by government, NGOs, and civic bodies.
Emerging trends, which have a direct impact on the dynamics of the glass fiber industry, includes innovation trends focused on ultra-high modulus glass fiber and glass fiber based composites part using 3D technology.
A total of 44 figures / charts and 28 tables are provided in this 88-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the Indian glass fiber market report, please download the report brochure.
The study includes trends and forecast for the Indian glass fiber market by end use, manufacturing process, and product type as follows:
By End Use [Value ($M) and Volume (M lbs) shipment analysis from 2016 to 2027]:
- Pipe and Tank
- Wind Energy
- Electrical and Electronics
By Manufacturing Process [Volume (M lbs) shipment analysis 2021]:
- Hand Lay-Up
- Filament Winding
- Compression Molding
- Thermoplastic Molding
By Product Type [Volume (M lbs) shipment analysis from 2021 to 2027]:
- Single End Roving
- Multi End Roving
- Woven Roving
In this market, single end roving, multi end roving, woven roving, fabrics, CSM, CFM, DUCS, and CS are the various product types of Indian glass fiber market. Lucintel forecasts that woven roving is expected to remain the largest product type segment by volume over the forecast period due to its growing demand in wind and marine industries.
Within the Indian glass fiber 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 advantage like; corrosion resistance, high strength-to-weight ratio, low maintenance, and a longer lifecycle as compared to other traditional materials.
Some of the Indian glass fiber manufacturers profiled in this report includes Owens Corning, Jushi India Fiberglass, and 3B the glass fiber.
Features of the Indian Glass Fiber Market
- Market Size Estimates: Indian glass fiber market size estimation in terms of value ($M) shipment and volume (M lbs).
- Trend And Forecast Analysis: Indian glass fiber Market trends (2016-2021) and forecast (2022-2027) by various segments.
- Segmentation Analysis:Indian glass fiber market size by various segments, such as end use, manufacturing process, and product type in terms of value and volume.
- Growth Opportunities: Analysis on growth opportunities in different end use, manufacturing process, and product type for the Indian glass fiber market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the Indian glass fiber 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 glass fiber market by end use (pipe and tank, aerospace, wind energy, electrical and electronics, construction, transportation, marine, and others), manufacturing process (hand lay-up, filament winding, pultrusion, RTM/VARTM, thermoplastic molding, compression molding, and others), and product type (single end roving, multi end roving, woven roving, fabrics, CSM, CFM, DUCS, CS, 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 glass fiber market?
Q.4 What are the business risks and threats to the Indian glass fiber market?
Q.5 What are emerging trends in this Indian glass fiber market and the reasons behind them?
Q.6 What are some changing demands of customers in the Indian glass fiber market?
Q.7 What are the new developments in the Indian glass fiber market? Which companies are leading these developments?
Q.8 Who are the major players in the Indian glass fiber 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 glass fiber 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 glass fiber market?