India Long Fiber Thermoplastics Market (2024-2030) | Industry, Trends, Companies, Forecast, Revenue, Value, Share, Growth, Analysis & Size

India Long Fiber Thermoplastic Market Synopsis

The India Long Fiber Thermoplastic Market is driven by robust growth in automotive sales, expected to rise from 7.5 lakh crores in 2022 to 15 lakh crores by 2024, and projected to reach 25 lakh crores by 2027-2028. Furthermore, the Government of India aims to make automobile manufacturing the main driver of the 'Make in India' initiative, estimating the passenger vehicles market to reach 9.4 million units by 2026 under the Auto Mission Plan (AMP) 2016-26, poised to generate substantial demand for long fibre thermoplastics due to their lightweight and sustainability. This market growth aligns with initiatives such as 'Housing for All' and the 'Smart Cities Mission', with an allocation of Rs. 13,750 crore to AMRUT and the Smart Cities Mission in the budget 2021-22, alongside the burgeoning real estate sector in India forecasted to reach $1 trillion by 2030, driving demand for lightweight and durable thermoplastics such as PVC and PP essential for construction and infrastructure applications.

According to 6Wresearch, India Long Fiber Thermoplastics Market size is projected to grow at a CAGR of 10.6% during 2024-2030. India’s growing sports goods market, supported by initiatives like the Sports Goods Export Promotion Council (SGEPC), along with thriving electronics sectors valued at $81 billion in 2022 and estimated to grow to $242 billion by 2027, offer promising avenues for the adoption of long fiber thermoplastics in lightweight, high-performance applications. Moreover, government efforts towards increasing EV penetration, with forecasts of EV sales penetration reaching 30% of private cars, 70% of commercial cars, 40% of buses, and 80% of two and three-wheelers by 2030, alongside substantial investments totalling $10 billion in electric vehicle manufacturing, would drive demand for long fiber thermoplastics during the forecast period.

Market Segmentation by Types

Carbon long fibers hold a dominant position in the market attributed to robust strength and rigidity with its strong strength-to-weight ratio which is approximately twice that of fibreglass, making it exceptionally lightweight while maintaining impressive strength. Further, automotive manufacturers prefer carbon fibers as they reduce weight while maintaining structure leading to improved fuel efficiency and performance.

Market Segmentation by Processing Method

The injection moulding method dominates the market owing to its wide applications across burgeoning sectors such as automotive, aerospace, and electronics as it is commonly used and has a range of complex shapes and intricate parts for producing components such as bumpers, dashboards, casings for electronic devices, connectors, and others.

Market Segmentation by End Users

The automotive industry is gaining traction in the market, driving substantial demand for carbon long fiber thermoplastics for manufacturing various lightweight and durable automobile components. The automotive sale of 15 lakh crores in 2024 and further anticipated to reach 25 lakh crores by 2027-2028 underscores the heightened demand for long giber thermoplastics in the automotive sector.”

Market Segmentation by Resin Type

Polypropylene (PP) holds a significant market share in automotive parts, textiles, and medical devices owing to properties such as high chemical resistance, stiffness, and thermal stability. The automotive sector, poised to hit $1000 billion by 2035, heavily relies on PP resin and contributes to the market revenues.

Market Segmentation by Region

Northern region dominated the India Long Fiber Thermoplastics market share and accounted for the largest revenue in 2023, owing to well-developed industrial infrastructure, such as manufacturing hubs, industrial sector in the Delhi NCR, Punjab, Haryana, and Uttar Pradesh. This geographical advantage enables efficient distribution and supply chain logistics, which contributes to the region’s dominance in the Long Fiber Thermoplastics Market.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• India Long Fiber Thermoplastics Market Overview
• India Long Fiber Thermoplastics Market Outlook
• India Long Fiber Thermoplastics Market Forecast
• Historical Data and Forecast of India Long Fiber Thermoplastics Market Revenues for the Period 2020-2030F
• Historical Data and Forecast of India Long Fiber Thermoplastics Market Revenues, By Types for the Period 2020-2030F
• Historical Data and Forecast of India Long Fiber Thermoplastics Market Revenues, By Processing method for the Period 2020-2030F
• Historical Data and Forecast of India Long Fiber Thermoplastics Market Revenues, By End Users for the Period 2020-2030F
• Historical Data and Forecast of India Long Fiber Thermoplastics Market Revenues, By Resin Types for the Period 2020-2030F
• Historical Data and Forecast of India Long Fiber Thermoplastics Market Revenues, By Regions for the Period 2020-2030F
• Market Drivers and Restraints
• Market Trends
• Industry Life Cycle
• India Long Fiber Thermoplastics Market – Porter’s Five Forces
• Market Opportunity Assessment
• Market Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Type

• Glass Long Fiber Thermoplastics
• Carbon Long Fiber Thermoplastics
• Others (Natural, Hybrid etc)

By Processing Method

• Injection Moulding
• Compression Moulding
• Extrusion
• Others (Pultrusion, Thermoforming, etc)

By End Users

• Automotive
• Aerospace
• Construction
• Sports and Leisure
• Electrical and Electronics
• Consumer Goods
• Others (Textile & Apparel, Medical, etc.)

By Resin Types

• Polypropylene (PP)
•  Polymide
• Polyethylene Terephthalate (PET)
• Polycarbonate (PC)
• Others (Polyphenylene Sulfide (PPS), Polyetheretherketone (PEEK) etc.)

By Regions

• Northern (Jammu and Kashmir, Himachal Pradesh, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Rajasthan Delhi-NCR)
• Southern (Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Kerala)
• Western (Gujarat, Maharashtra, Goa, Madhya Pradesh, Chhattisgarh)
• Eastern (Odisha, Bihar, West Bengal, Jharkhand, Sikkim, Assam, other Northeastern States)

Frequently Asked Questions About the Market Study (FAQs):