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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.

 
Indian Composites Market Trends and Forecast

Indian Composites Market Drivers and Challenges
 
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?

Report Scope

Key Features Description
Base Year for Estimation 2020
Trend Period
(Actual Estimates)
2015-2020
Forecast Period 2021-2026
Pages 119
Market Representation / Units Revenue in US $ Million and Million Pounds
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling
Market Segments  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 and Aramid Fiber), and Resin Type (UPR, Epoxy, Vinyl Ester and Others)
Customization 10% Customization Without any Additional Cost
 

Table of Contents
 
 
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2015 to 2026
3.1: Macroeconomic Trends and Forecast
3.2: Global Composites Market Trends and Forecast
3.3: Indian Composites Market Trends and Forecast
3.4: Indian Composites Market by End Use
3.4.1: Pipes and Tanks
3.4.2: Aerospace & Defense
3.4.3: Wind Energy
3.4.4: Electrical and Electronics
3.4.5: Construction
3.4.6: Transportation
3.4.7: Marine
3.4.8: Others
3.5: Indian Composites Market by Fiber Type
3.5.1: Glass fiber Based Composites
3.5.2: Carbon Fiber Based Composites
3.5.3: Aramid Fiber Based Composites
3.6: Indian Composites Market by Resin Type
3.6.1: UPR Based Composites
3.6.2: Epoxy Based Composites
3.6.3: Vinyl Easter Based Composites
3.6.4: Others
 
4. Competitor Analysis
4.1: Application Portfolio Analysis
4.2: Geographical Reach
4.3: Porter’s Five Forces Analysis
 
5. Growth Opportunities and Strategic Analysis
5.1: Growth Opportunity Analysis
5.1.1: Growth Opportunities Analysis by End Use
5.2: Emerging Trends in the Indian Composites Market
5.3: Strategic Analysis
5.3.1: Capacity Expansion of the Indian Composites Market
5.3.2: Mergers, Acquisitions, and Joint Ventures in the Indian Composites Market
 
6. Company Profiles of Leading Players
6.1: Suzlon
6.2: Kineco Limited
6.3: Mahindra CEI Automotive Ltd. 
6.4: Tata AutoComp Systems
6.5: Patil Rail Infrastructure Pvt. Ltd. 
6.6: Mobility Solution Ltd.  
 
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Full Report: Indian Composites Market: Trends, Opportunities and Competitive Analysis Full Report $ 4,850
47 figures/charts and 29 tables are provided in this roughly 116 page report.
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served 1,000+ clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive search of published works, market and database information with industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges and forecasts in the market. Below is a brief summary of primary interviews conducted by job function.


Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis on it. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of the Lucintel research process.

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