Product Code: ETC4500085 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India composite film market import shipment demonstrated a strong growth trend with a notable CAGR from 2020 to 2024. However, there was a decline in growth from 2023 to 2024. Overall, the market expanded significantly but showed signs of slowing down towards the end of the period.
The India composite film market has witnessed growth due to the use of composite films in various sectors, including packaging, electronics, and aerospace. Composite films offer advantages such as durability and barrier properties, making them valuable for multiple applications.
The India Composite Film market has been experiencing significant growth due to several key drivers. One of the primary factors fueling this growth is the increasing demand for lightweight and durable materials across various industries, including automotive, aerospace, and packaging. Composite films offer an excellent combination of strength and weight reduction, making them an attractive choice for manufacturers looking to improve fuel efficiency and reduce emissions. Additionally, the growing awareness of environmental sustainability has prompted a shift towards recyclable and eco-friendly materials, with composite films being a viable option. Moreover, advancements in technology have enabled the production of high-performance composite films, further driving their adoption in various applications.
The India Composite Film market confronts challenges related to material selection, quality control, and diverse application needs. Composite films are used in various sectors, including packaging, aerospace, and automotive, each with unique performance requirements. Meeting the specific needs of different industries while maintaining consistent quality is a significant challenge. Material selection is crucial, as films need to offer the right balance of properties, such as strength, flexibility, and barrier properties. Ensuring the structural integrity and uniformity of composite films can be complex and costly. Regulatory compliance, particularly in industries like food packaging, imposes strict safety standards. To succeed in the India composite film market, manufacturers must invest in material research, quality control, and compliance while offering customizable solutions for different applications.
The composite film market in India faced disruptions due to the COVID-19 pandemic. As lockdowns and restrictions affected manufacturing and supply chains, the demand for composite films used in applications like packaging, aerospace, and electronics saw a downturn. Many production facilities were temporarily shut down, and projects were delayed, impacting the need for these materials. However, composite films have inherent properties like high strength and corrosion resistance that make them valuable in various sectors, and as the economy recovers, there is potential for growth in demand for these materials.
The India composite film market includes companies like SRF Limited, Jindal Poly Films Limited, and Garware Polyester Ltd. These companies manufacture composite films for packaging, industrial, and specialty applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Composite Film Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Composite Film Market Revenues & Volume, 2021 & 2031F |
3.3 India Composite Film Market - Industry Life Cycle |
3.4 India Composite Film Market - Porter's Five Forces |
3.5 India Composite Film Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 India Composite Film Market Revenues & Volume Share, By Curing Type, 2021 & 2031F |
3.7 India Composite Film Market Revenues & Volume Share, By Function, 2021 & 2031F |
4 India Composite Film Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for sustainable packaging solutions in various industries |
4.2.2 Increasing investments in research and development for advanced composite film technologies |
4.2.3 Rising awareness about the benefits of composite films in terms of product protection and shelf life extension |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Lack of proper infrastructure for manufacturing and distribution of composite films in certain regions |
4.3.3 Regulatory challenges related to environmental concerns and recycling of composite materials |
5 India Composite Film Market Trends |
6 India Composite Film Market, By Types |
6.1 India Composite Film Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 India Composite Film Market Revenues & Volume, By Resin Type, 2021-2031F |
6.1.3 India Composite Film Market Revenues & Volume, By Epoxy, 2021-2031F |
6.2 India Composite Film Market, By Curing Type |
6.2.1 Overview and Analysis |
6.2.2 India Composite Film Market Revenues & Volume, By Autoclave, 2021-2031F |
6.2.3 India Composite Film Market Revenues & Volume, By Out-of-autoclave, 2021-2031F |
6.3 India Composite Film Market, By Function |
6.3.1 Overview and Analysis |
6.3.2 India Composite Film Market Revenues & Volume, By Lightning Strike Protection, 2021-2031F |
6.3.3 India Composite Film Market Revenues & Volume, By Surface Protection, 2021-2031F |
7 India Composite Film Market Import-Export Trade Statistics |
7.1 India Composite Film Market Export to Major Countries |
7.2 India Composite Film Market Imports from Major Countries |
8 India Composite Film Market Key Performance Indicators |
8.1 Percentage increase in adoption of composite films by key industries |
8.2 Number of patents filed for innovative composite film technologies |
8.3 Rate of investment in infrastructure development for composite film manufacturing |
8.4 Percentage of companies incorporating sustainable practices in composite film production and distribution |
8.5 Growth in demand for eco-friendly packaging solutions in India |
9 India Composite Film Market - Opportunity Assessment |
9.1 India Composite Film Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 India Composite Film Market Opportunity Assessment, By Curing Type, 2021 & 2031F |
9.3 India Composite Film Market Opportunity Assessment, By Function, 2021 & 2031F |
10 India Composite Film Market - Competitive Landscape |
10.1 India Composite Film Market Revenue Share, By Companies, 2024 |
10.2 India Composite Film Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |