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Growth Opportunities in the Indian Composites Market

The Indian composites market is expected to reach an estimated $2.0 billion by 2021.

20th September 2017

Innovation in Textiles

Industrial, Civil Engineering, Construction, Transport/​Aerospace, Sports/​Outdoor

Report summary

The Indian composites market is expected to reach an estimated $2.0 billion by 2021. The Indian composites market is forecast to grow at a CAGR of 14.1% by value from 2016 to 2021.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  Indian composites market industry, include emergence of new application areas and capacity expansion/partnership by the competitors like Momentive Speciality Chemicals’ joint venture with Kanoria Chemicals, Satyen Polymer’s with Scott Bader, Toho Tenax’s with Hindoostan Technical Fabrics Limited, 3B’s with Braj Binani Group, and PD FiberGlass’s with Arvind Advance Materials to tap future potential composites market in India.

A total of 90 figures / charts and 21 tables are provided in this 184-page report to help in your business decisions.

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Growth Opportunities in the Indian Composites Market

184 pages, print format

Publication date: July 2016

Publisher: Lucintel

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