According to a market report by Lucintel, the future of the Indian composites 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.
Download
sample by clicking on Indian composites market
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 helpdesk@lucintel.com to get
access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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