How big is the India Composites Market | Size, Growth & Insights 2025

What is the growth rate of the India Composites Market?

The market is expected to grow robustly due to increasing applications in renewable energy, automotive, aerospace, and construction industries, along with a rising preference for lightweight and high-strength materials.

Key Growth Drivers of the India Composites Market

• Adoption velocity in the wind energy and solar panel buildings
• Expansion of light weight auto parts and EVs
• Bridges and pipes, as well as intelligent cities, infrastructure push
• Industrial applications of corrosion-free material Demand
• Government policies in favour of domestic production (Make in India)

India Composites Market Trends

India composites market is witnessing a strong push from sectors like transportation, construction, and energy due to increasing use of fibre-reinforced plastics and advanced composites. Bio-composites and recyclable materials are gaining attention in an effort to live up to sustainable goals. Fuel efficiency is driving aerospace industries (aerospace) and defence to use composites. In addition, OEMs are spending on R&D to come up with parts that are composite intensive to lower the total weight of the system and also improve performance.

Emerging Developments in the India Composites Market

The new trends are growth in production volume by major companies, automation of fibre composite moulding operations and merging of both the state and the industrial association to innovate fibre technologies. Manufacturers in the country are experimenting with thermoplastic composites in order to make them reusable. In addition, sourcing and applying local raw materials and the utilization of natural fibres are expedited to cut down on the costs and environmental implication. There is also deregulation of export in Southeast Asia and the Middle East.

List of Leading Companies in the India Composites Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Hindustan Composites Ltd.

Hindustan Composites is a pioneer in industrial friction materials and composites for automotive and railways applications.

2. Kineco Limited

Kineco is a leading provider of advanced composite solutions for aerospace, railways, defence, and industrial sectors.

3. TATA Advanced Materials Ltd. (TAML)

A Tata Group company offering high-performance composite structures and components for aerospace and defence sectors.

4. Shree Dinesh Mills Ltd. (Composites Division)

Shree Dinesh Mills manufactures composite sheets and industrial insulation materials for electrical and infrastructure applications.

5. Mahindra CIE Automotive Ltd.

Mahindra CIE is expanding into composite component production, focusing on automotive lightweighting and precision parts.

6. Supreme Industries Ltd. (Composite Products Division)

Supreme Industries offers FRP and GRP composite products used in sewage, drainage, and electrical infrastructure segments.

7. Plastene India Ltd.

Plastene manufactures reinforced composite solutions including GRP tanks, panels, and structural components.

8. Steer Engineering Pvt. Ltd.

Steer specializes in advanced materials and processing technologies including high-performance composites.

9. REPL Composites Pvt. Ltd.

REPL focuses on composite solutions for transportation, wind energy, and oil & gas industries, using filament winding and molding.

10. Techno craft Industries (India) Ltd.

Techno craft is a diversified manufacturer with composite offerings used in industrial and infrastructure sectors.

How big is the India Composites Market : FAQ's