India Glass Fibre Reinforced Plastic Market (2025-2031) Outlook | Companies, Forecast, Industry, Analysis, Size, Trends, Growth, Value, Share & Revenue
Market Forecast By Type (Polyester, Vinyl Ester, Epoxy, Polyurethane, Peek Resin, Others), By Application (Wind Energy, Transportation, Marine, Pipe & Tanks, Others) And Competitive Landscape
| Product Code: ETC371724 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
India Glass Fibre Reinforced Plastic Market Synopsis
The India glass fibre reinforced plastic (GFRP) market size was valued at $796.6 million and is projected to reach $1,263.7 million, growing at a CAGR of 5.9%. The major factors driving the growth of the GFRP market include rising demand for lightweight materials with superior mechanical properties and increased use of GFRP components as an alternative to metals due to their cost-effectiveness and low environmental impact. Additionally, technological advancement in material production processes has enabled better product performance while reducing manufacturing costs, thereby making them more attractive for various applications across automotive & aerospace, marine & infrastructure development industries. Furthermore, increasing government initiatives towards improving infrastructure are expected to create significant opportunities for the industry players over the forecast period.
Market Drivers of the market
In the India glass fibre reinforced plastic (GRP) market, the key drivers have been the surge in construction and infrastructure projects, particularly in the automotive and transportation industries. GRP`s lightweight, durable, and corrosion-resistant properties have made it an attractive material for various applications, including automobile components, wind turbine blades, and building panels.
Challenges of the Market
The glass fiber reinforced plastic market encounters challenges related to material sourcing and manufacturing processes. Ensuring consistent quality and meeting regulatory standards can be demanding, particularly in an evolving market.
Covid-19 Impact on the Market
India glass fibre reinforced plastic (GRP) market experienced a slowdown as construction projects and infrastructure development were put on hold. The automotive industry, a major user of GRP, also witnessed a decline in demand, further affecting the market.
Key Players of the Market
In the India glass fibre reinforced plastic market, major players like Aeron Composite Pvt. Ltd., Magnum Polymers Pvt. Ltd., and U-Foam Pvt. Ltd. have been instrumental in driving the industry`s growth. They provide innovative glass fibre reinforced plastic solutions for various applications, including automotive, aerospace, and construction.
Key Highlights of the Report:
- India Glass Fibre Reinforced Plastic Market Outlook
- Market Size of India Glass Fibre Reinforced Plastic Market, 2024
- Forecast of India Glass Fibre Reinforced Plastic Market, 2031
- Historical Data and Forecast of India Glass Fibre Reinforced Plastic Revenues & Volume for the Period 2021-2031
- India Glass Fibre Reinforced Plastic Market Trend Evolution
- India Glass Fibre Reinforced Plastic Market Drivers and Challenges
- India Glass Fibre Reinforced Plastic Price Trends
- India Glass Fibre Reinforced Plastic Porter's Five Forces
- India Glass Fibre Reinforced Plastic Industry Life Cycle
- Historical Data and Forecast of India Glass Fibre Reinforced Plastic Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of India Glass Fibre Reinforced Plastic Market Revenues & Volume By Polyester for the Period 2021-2031
- Historical Data and Forecast of India Glass Fibre Reinforced Plastic Market Revenues & Volume By Vinyl Ester for the Period 2021-2031
- Historical Data and Forecast of India Glass Fibre Reinforced Plastic Market Revenues & Volume By Epoxy for the Period 2021-2031
- Historical Data and Forecast of India Glass Fibre Reinforced Plastic Market Revenues & Volume By Polyurethane for the Period 2021-2031
- Historical Data and Forecast of India Glass Fibre Reinforced Plastic Market Revenues & Volume By Peek Resin for the Period 2021-2031
- Historical Data and Forecast of India Glass Fibre Reinforced Plastic Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Glass Fibre Reinforced Plastic Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of India Glass Fibre Reinforced Plastic Market Revenues & Volume By Wind Energy for the Period 2021-2031
- Historical Data and Forecast of India Glass Fibre Reinforced Plastic Market Revenues & Volume By Transportation for the Period 2021-2031
- Historical Data and Forecast of India Glass Fibre Reinforced Plastic Market Revenues & Volume By Marine for the Period 2021-2031
- Historical Data and Forecast of India Glass Fibre Reinforced Plastic Market Revenues & Volume By Pipe & Tanks for the Period 2021-2031
- Historical Data and Forecast of India Glass Fibre Reinforced Plastic Market Revenues & Volume By Others for the Period 2021-2031
- India Glass Fibre Reinforced Plastic Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- India Glass Fibre Reinforced Plastic Top Companies Market Share
- India Glass Fibre Reinforced Plastic Competitive Benchmarking By Technical and Operational Parameters
- India Glass Fibre Reinforced Plastic Company Profiles
- India Glass Fibre Reinforced Plastic Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the India Glass Fibre Reinforced Plastic Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Glass Fibre Reinforced Plastic Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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