Product Code: ETC4498585 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Composites, made by combining different materials to achieve specific properties, are gaining prominence in India across multiple industries, including aerospace, automotive, and construction. The India composites market is growing as manufacturers seek materials that provide strength, durability, and weight savings. Composites are used in structural components, reducing fuel consumption in vehicles and enhancing the performance of infrastructure. As India modernizes its industries and infrastructure, the demand for advanced composites is on the rise, making this market a key player in the country`s growth.
The India Composites market is experiencing substantial growth, propelled by industries such as aerospace, automotive, and construction that are increasingly adopting composites to reduce weight, improve strength, and enhance corrosion resistance. Composites offer a versatile and cost-effective solution in a range of applications, and their use is expanding in structural components, interiors, and exterior parts. The aerospace industry, in particular, is driving the market, as composites help aircraft manufacturers reduce fuel consumption and emissions. In the automotive sector, composites are used to make vehicles lighter and more fuel-efficient. The construction sector is also turning to composites for durable and low-maintenance structures, thus boosting the market`s growth.
The composites market in India faces challenges related to the cost of raw materials, manufacturing complexity, and quality control. Achieving the desired strength, weight, and performance characteristics while controlling costs is demanding. The need for skilled labor in composites manufacturing and maintaining consistency in composite production adds complexity to the industry. Environmental regulations and the demand for sustainable composites also influence the market.
The composites market in India faced a turbulent period during the pandemic. While construction and automotive industries experienced a slowdown, the aerospace and defense sectors witnessed a growing interest in lightweight and high-strength composites. Post-pandemic, the market is expected to rebound as industries invest in advanced composites for various applications, such as aircraft manufacturing and infrastructure development.
Leading companies in the composites market in India comprise Owens Corning, Jushi Group, Toray Industries, and Hexion.
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 Composites Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Composites Market Revenues & Volume, 2021 & 2031F |
3.3 India Composites Market - Industry Life Cycle |
3.4 India Composites Market - Porter's Five Forces |
3.5 India Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.6 India Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 India Composites Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
3.8 India Composites Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 India Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Composites Market Trends |
6 India Composites Market, By Types |
6.1 India Composites Market, By Fiber Type |
6.1.1 Overview and Analysis |
6.1.2 India Composites Market Revenues & Volume, By Fiber Type, 2021-2031F |
6.1.3 India Composites Market Revenues & Volume, By Glass Fiber Composites, 2021-2031F |
6.1.4 India Composites Market Revenues & Volume, By Carbon Fiber Composites, 2021-2031F |
6.1.5 India Composites Market Revenues & Volume, By Natural Fiber Composites, 2021-2031F |
6.2 India Composites Market, By Resin Type |
6.2.1 Overview and Analysis |
6.2.2 India Composites Market Revenues & Volume, By Thermoset Composites, 2021-2031F |
6.2.3 India Composites Market Revenues & Volume, By Thermoplastic Composites, 2021-2031F |
6.3 India Composites Market, By End-use Industry |
6.3.1 Overview and Analysis |
6.3.2 India Composites Market Revenues & Volume, By Aerospace & defense, 2021-2031F |
6.3.3 India Composites Market Revenues & Volume, By Wind Energy, 2021-2031F |
6.3.4 India Composites Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.3.5 India Composites Market Revenues & Volume, By Construction & Infrastructure, 2021-2031F |
6.3.6 India Composites Market Revenues & Volume, By Marine, 2021-2031F |
6.3.7 India Composites Market Revenues & Volume, By Pipe & Tank, 2021-2031F |
6.3.8 India Composites Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 India Composites Market Revenues & Volume, By Others, 2021-2031F |
6.4 India Composites Market, By Manufacturing Process |
6.4.1 Overview and Analysis |
6.4.2 India Composites Market Revenues & Volume, By Lay-up, 2021-2031F |
6.4.3 India Composites Market Revenues & Volume, By Filament Winding, 2021-2031F |
6.4.4 India Composites Market Revenues & Volume, By Injection Molding, 2021-2031F |
6.4.5 India Composites Market Revenues & Volume, By Pultrusion, 2021-2031F |
6.4.6 India Composites Market Revenues & Volume, By Compression Molding, 2021-2031F |
6.4.7 India Composites Market Revenues & Volume, By RTM, 2021-2031F |
7 India Composites Market Import-Export Trade Statistics |
7.1 India Composites Market Export to Major Countries |
7.2 India Composites Market Imports from Major Countries |
8 India Composites Market Key Performance Indicators |
9 India Composites Market - Opportunity Assessment |
9.1 India Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.2 India Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.3 India Composites Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
9.4 India Composites Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
10 India Composites Market - Competitive Landscape |
10.1 India Composites Market Revenue Share, By Companies, 2024 |
10.2 India Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |