India Thermoset Composites Market (2025-2031) Outlook | Revenue, Share, Forecast, Companies, Size, Industry, Trends, Value, Growth & Analysis

Market Forecast By Manufacturing Process (Lay-Up, Filament Winding, Injection Molding, Pultrusion), By Fiber Type (Glass, Carbon), By Resin Type (Polyester, Epoxy, Vinyl Ester), By End-Use Industry (Transportation, Aerospace & Defense, Sporting Goods, Wind Energy, Construction & Infrastructure, Pipe & Tank, Marine, Electrical & Electronics) And Competitive Landscape
Product Code: ETC4501285 Publication Date: Jul 2023 Updated Date: Aug 2025 Product Type: Report
Publisher: 6Wresearch Author: Ravi Bhandari No. of Pages: 85 No. of Figures: 45 No. of Tables: 25

India Thermoset Composites Market Overview

Thermoset composites are widely used in India across various industries due to their excellent heat resistance and mechanical properties. They find applications in sectors such as automotive, aerospace, and electrical. As manufacturing and technological advancements continue in India, the thermoset composites market is expected to prosper.

Drivers of the Market

The India thermoset composites market is growing, primarily due to the demand for lightweight and high-strength materials in various industries. The automotive sector is a key driver, with thermoset composites being used in vehicle components to reduce weight and improve fuel efficiency. Additionally, the construction industry is adopting thermoset composites for structural elements, as they offer high strength and durability. The aerospace and defense sectors also contribute to the market`s growth, using thermoset composites in aircraft components and military equipment. The electrical and electronics industry employs thermoset composites for electrical insulation and protection.

Challenges of the Market

Challenges in the thermoset composites market in India include limited recyclability and the need for better recycling methods. Regulatory challenges related to the disposal of thermoset composite waste also need to be addressed.

COVID-19 Impact on the Market

The COVID-19 pandemic impacted the India thermoset composites market with disruptions to manufacturing and supply chains. The automotive and aerospace sectors, key consumers of thermoset composites, faced reduced demand and production stoppages during the lockdowns. However, the thermoset composites market exhibited resilience and adaptability. Industries like healthcare and construction recognized the benefits of these materials for their strength, durability, and corrosion resistance. As a result, thermoset composites found new applications in medical equipment and infrastructure projects. The market also witnessed an increasing focus on sustainability, with manufacturers exploring bio-based and recycled thermoset composites to meet evolving environmental regulations and preferences.

Key Players in the Market

Major players in the thermoset composites market include Ashland, Owens Corning, and Hexcel.

Key Highlights of the Report:

  • India Thermoset Composites Market Outlook
  • Market Size of India Thermoset Composites Market, 2024
  • Forecast of India Thermoset Composites Market, 2031
  • Historical Data and Forecast of India Thermoset Composites Revenues & Volume for the Period 2021-2031
  • India Thermoset Composites Market Trend Evolution
  • India Thermoset Composites Market Drivers and Challenges
  • India Thermoset Composites Price Trends
  • India Thermoset Composites Porter's Five Forces
  • India Thermoset Composites Industry Life Cycle
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Manufacturing Process for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Lay-Up for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Filament Winding for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Injection Molding for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Pultrusion for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Fiber Type for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Glass for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Carbon for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Resin Type for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Polyester for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Epoxy for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Vinyl Ester for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By End-Use Industry for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Transportation for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Aerospace & Defense for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Sporting Goods for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Wind Energy for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Construction & Infrastructure for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Pipe & Tank for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Marine for the Period 2021-2031
  • Historical Data and Forecast of India Thermoset Composites Market Revenues & Volume By Electrical & Electronics for the Period 2021-2031
  • India Thermoset Composites Import Export Trade Statistics
  • Market Opportunity Assessment By Manufacturing Process
  • Market Opportunity Assessment By Fiber Type
  • Market Opportunity Assessment By Resin Type
  • Market Opportunity Assessment By End-Use Industry
  • India Thermoset Composites Top Companies Market Share
  • India Thermoset Composites Competitive Benchmarking By Technical and Operational Parameters
  • India Thermoset Composites Company Profiles
  • India Thermoset Composites Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 Thermoset Composites Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Thermoset Composites Market Revenues & Volume, 2021 & 2031F

3.3 India Thermoset Composites Market - Industry Life Cycle

3.4 India Thermoset Composites Market - Porter's Five Forces

3.5 India Thermoset Composites Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F

3.6 India Thermoset Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F

3.7 India Thermoset Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F

3.8 India Thermoset Composites Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F

4 India Thermoset Composites Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growing demand for lightweight and high-performance materials in industries such as automotive, aerospace, and construction.

4.2.2 Increasing government initiatives promoting the use of composites for sustainable and eco-friendly solutions.

4.2.3 Technological advancements leading to the development of innovative thermoset composite materials.

4.3 Market Restraints

4.3.1 High initial investment and production costs associated with thermoset composites.

4.3.2 Limited recycling options and environmental concerns related to thermoset composite waste management.

5 India Thermoset Composites Market Trends

6 India Thermoset Composites Market, By Types

6.1 India Thermoset Composites Market, By Manufacturing Process

6.1.1 Overview and Analysis

6.1.2 India Thermoset Composites Market Revenues & Volume, By Manufacturing Process, 2021-2031F

6.1.3 India Thermoset Composites Market Revenues & Volume, By Lay-Up, 2021-2031F

6.1.4 India Thermoset Composites Market Revenues & Volume, By Filament Winding, 2021-2031F

6.1.5 India Thermoset Composites Market Revenues & Volume, By Injection Molding, 2021-2031F

6.1.6 India Thermoset Composites Market Revenues & Volume, By Pultrusion, 2021-2031F

6.2 India Thermoset Composites Market, By Fiber Type

6.2.1 Overview and Analysis

6.2.2 India Thermoset Composites Market Revenues & Volume, By Glass, 2021-2031F

6.2.3 India Thermoset Composites Market Revenues & Volume, By Carbon, 2021-2031F

6.3 India Thermoset Composites Market, By Resin Type

6.3.1 Overview and Analysis

6.3.2 India Thermoset Composites Market Revenues & Volume, By Polyester, 2021-2031F

6.3.3 India Thermoset Composites Market Revenues & Volume, By Epoxy, 2021-2031F

6.3.4 India Thermoset Composites Market Revenues & Volume, By Vinyl Ester, 2021-2031F

6.4 India Thermoset Composites Market, By End-Use Industry

6.4.1 Overview and Analysis

6.4.2 India Thermoset Composites Market Revenues & Volume, By Transportation, 2021-2031F

6.4.3 India Thermoset Composites Market Revenues & Volume, By Aerospace & Defense, 2021-2031F

6.4.4 India Thermoset Composites Market Revenues & Volume, By Sporting Goods, 2021-2031F

6.4.5 India Thermoset Composites Market Revenues & Volume, By Wind Energy, 2021-2031F

6.4.6 India Thermoset Composites Market Revenues & Volume, By Construction & Infrastructure, 2021-2031F

6.4.7 India Thermoset Composites Market Revenues & Volume, By Pipe & Tank, 2021-2031F

6.4.8 India Thermoset Composites Market Revenues & Volume, By Electrical & Electronics, 2021-2031F

6.4.9 India Thermoset Composites Market Revenues & Volume, By Electrical & Electronics, 2021-2031F

7 India Thermoset Composites Market Import-Export Trade Statistics

7.1 India Thermoset Composites Market Export to Major Countries

7.2 India Thermoset Composites Market Imports from Major Countries

8 India Thermoset Composites Market Key Performance Indicators

8.1 Research and Development Investment in Thermoset Composite Technologies.

8.2 Number of New Product Launches in the Thermoset Composites Market.

8.3 Adoption Rate of Thermoset Composites in Key Industries.

8.4 Growth in the Number of Thermoset Composite Manufacturing Facilities in India.

8.5 Innovation Index for Thermoset Composite Materials.

9 India Thermoset Composites Market - Opportunity Assessment

9.1 India Thermoset Composites Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F

9.2 India Thermoset Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F

9.3 India Thermoset Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F

9.4 India Thermoset Composites Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F

10 India Thermoset Composites Market - Competitive Landscape

10.1 India Thermoset Composites Market Revenue Share, By Companies, 2024

10.2 India Thermoset Composites Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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