Product Code: ETC308004 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India thermoplastic composites market import shipment demonstrated a steady upward trajectory from 2020 to 2024, with a robust CAGR of 8.7%. However, growth slightly decelerated between 2023 and 2024, with a growth rate of 3.7%. Overall, the market expanded consistently, albeit at a slightly slower pace in the most recent period.
The thermoplastic composites market revenue generated from sales across India amounted close to $320 million back in 2025 which is expected grow significantly over upcoming years registering a compound annual growth rate (CAGR) above 10% between 2025? 2031 timeline due rising application scope especially within automotive sector because these materials offer enhanced mechanical properties such as stiffness, weight savings improving fuel economy along with excellent chemical resistance capability besides being easily moldable through wide range manufacturing processes including extrusion blow molding or injection molding among others while also reducing costs associated with tool making when compared against conventional composite materials based on resins reinforced glass fibers or metals respectively.
The India thermoplastic composites market is experiencing growth as industries seek lightweight and high-performance materials. This market`s outlook is driven by factors such as the increasing demand for thermoplastic composites in aerospace, automotive, and construction applications, the growth of the transportation and infrastructure sectors, and the adoption of thermoplastic composites for their excellent mechanical properties and ease of processing. Additionally, the development of carbon fiber-reinforced and glass fiber-reinforced thermoplastic composites and the rising focus on sustainability and recyclability in composite materials are further contributing to market growth. The market is also driven by the need for fuel-efficient and eco-friendly solutions in transportation and infrastructure projects.
The India thermoplastic composites market is experiencing growth as industries seek lightweight and high-performance materials for various applications. This market`s outlook is driven by factors such as the increasing demand for thermoplastic composites in aerospace, automotive, and construction sectors, the growth of the composites industry, and the adoption of thermoplastic materials for their durability and recyclability. Additionally, the development of carbon fiber and glass fiber-reinforced thermoplastics and the rising focus on sustainable and energy-efficient materials are further contributing to market growth. However, the market faces challenges related to the high cost of advanced thermoplastic composites and the need for specialized manufacturing processes and equipment, affecting their adoption in certain applications.
The India thermoplastic composites market is witnessing significant growth as industries seek lightweight and high-strength materials for various applications. This market`s outlook is driven by factors such as the increasing demand for thermoplastic composites in automotive, aerospace, and construction sectors, the growth of the manufacturing and engineering industries, and the adoption of composites for their superior mechanical properties and design flexibility. Additionally, the development of reinforced and high-performance thermoplastic composites and the rising focus on material innovation and product development are further contributing to market growth. The market faced some impact during the COVID-19 pandemic due to disruptions in industrial activities and supply chain challenges. However, it is expected to recover with the resumption of manufacturing operations and the growing demand for lightweight and sustainable materials.
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 Thermoplastic Composites Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Thermoplastic Composites Market Revenues & Volume, 2021 & 2031F |
3.3 India Thermoplastic Composites Market - Industry Life Cycle |
3.4 India Thermoplastic Composites Market - Porter's Five Forces |
3.5 India Thermoplastic Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 India Thermoplastic Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.7 India Thermoplastic Composites Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.8 India Thermoplastic Composites Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Thermoplastic Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-performance materials in various industries |
4.2.2 Growing awareness about the benefits of thermoplastic composites over traditional materials |
4.2.3 Government initiatives promoting the use of thermoplastic composites in manufacturing processes |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up manufacturing facilities for thermoplastic composites |
4.3.2 Limited availability of raw materials for producing high-quality thermoplastic composites |
4.3.3 Lack of skilled labor and expertise in working with thermoplastic composites |
5 India Thermoplastic Composites Market Trends |
6 India Thermoplastic Composites Market, By Types |
6.1 India Thermoplastic Composites Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 India Thermoplastic Composites Market Revenues & Volume, By Resin Type, 2021-2031F |
6.1.3 India Thermoplastic Composites Market Revenues & Volume, By PA, 2021-2031F |
6.1.4 India Thermoplastic Composites Market Revenues & Volume, By PP, 2021-2031F |
6.1.5 India Thermoplastic Composites Market Revenues & Volume, By PEEK, 2021-2031F |
6.1.6 India Thermoplastic Composites Market Revenues & Volume, By Hybrid, 2021-2031F |
6.1.7 India Thermoplastic Composites Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Thermoplastic Composites Market, By Fiber Type |
6.2.1 Overview and Analysis |
6.2.2 India Thermoplastic Composites Market Revenues & Volume, By Carbon, 2021-2031F |
6.2.3 India Thermoplastic Composites Market Revenues & Volume, By Glass, 2021-2031F |
6.2.4 India Thermoplastic Composites Market Revenues & Volume, By Mineral, 2021-2031F |
6.2.5 India Thermoplastic Composites Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Thermoplastic Composites Market, By Product Type |
6.3.1 Overview and Analysis |
6.3.2 India Thermoplastic Composites Market Revenues & Volume, By Short Fiber Thermoplastics, 2021-2031F |
6.3.3 India Thermoplastic Composites Market Revenues & Volume, By Glass Mat Thermoplastics, 2021-2031F |
6.3.4 India Thermoplastic Composites Market Revenues & Volume, By Long Fiber Thermoplastics, 2021-2031F |
6.3.5 India Thermoplastic Composites Market Revenues & Volume, By Continuous Fiber Thermoplastics, 2021-2031F |
6.4 India Thermoplastic Composites Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 India Thermoplastic Composites Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.4.3 India Thermoplastic Composites Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.4.4 India Thermoplastic Composites Market Revenues & Volume, By Aerospace, 2021-2031F |
6.4.5 India Thermoplastic Composites Market Revenues & Volume, By Agriculture, 2021-2031F |
6.4.6 India Thermoplastic Composites Market Revenues & Volume, By Marine, 2021-2031F |
6.4.7 India Thermoplastic Composites Market Revenues & Volume, By Construction, 2021-2031F |
6.4.8 India Thermoplastic Composites Market Revenues & Volume, By Others, 2021-2031F |
6.4.9 India Thermoplastic Composites Market Revenues & Volume, By Others, 2021-2031F |
7 India Thermoplastic Composites Market Import-Export Trade Statistics |
7.1 India Thermoplastic Composites Market Export to Major Countries |
7.2 India Thermoplastic Composites Market Imports from Major Countries |
8 India Thermoplastic Composites Market Key Performance Indicators |
8.1 Research and development investment in new thermoplastic composite technologies |
8.2 Adoption rate of thermoplastic composites in key industries such as automotive, aerospace, and consumer goods |
8.3 Number of partnerships and collaborations for technology transfer and knowledge sharing in the thermoplastic composites market |
9 India Thermoplastic Composites Market - Opportunity Assessment |
9.1 India Thermoplastic Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 India Thermoplastic Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.3 India Thermoplastic Composites Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.4 India Thermoplastic Composites Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Thermoplastic Composites Market - Competitive Landscape |
10.1 India Thermoplastic Composites Market Revenue Share, By Companies, 2024 |
10.2 India Thermoplastic Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |