According to a market report by Lucintel, the future of the Indian composites material market looks promising with opportunities in pipe & tanks, transportation, wind energy, aerospace and defense, construction, marine, and electrical & electronics end use industries. The Indian composites market is expected to reach an estimated $4 billion by 2035 with a CAGR of 5% from 2025 to 2035. The major drivers for growth in this market are increasing demand for lightweight materials in the aerospace & defense and automotive industries; corrosion and chemical-resistant materials’ demand in the construction and pipe & tank industries; demand for materials with electrical resistance and high flame retardancy in the electrical and electronics industry.
A more than 150-page report to understand trends, opportunity and forecast in Indian composites market to 2035 by end use industry (pipe & tank, transportation, wind energy, aerospace and defense, construction, marine, and electrical and electronics, and other end use industries), fiber type (glass fiber based composites, carbon fiber based composites, and aramid fiber based composites), and resin type (UPR based composites, epoxy based composites, vinyl Ester based composites, and other resin types).
Lucintel forecasts that wind energy will remain the largest end use industry segment over the forecast period, and it is also expected to witness the highest growth over the forecast period due to the increasing installation of wind turbines and requirement of lightweight and non-corrosive materials in wind energy.
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Glass fiber based composites will remain the largest fiber type segment due to the increasing use of glass fiber based composites, for its better mechanical properties, in construction, transportation, and electrical & electronics end use industry industries. Carbon fiber based composites segment is expected to witness the highest growth segment over the forecast period.
Suzlon, Kineco limited, CEI Automotive India, Tata AutoComp Systems, Patil Rail Infrastructure Pvt. Ltd., Mobility Solution Ltd. are the major suppliers in the Indian composites market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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