What is the size of Composites Market in India | Industry Trends & Forecast 2026

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Code: MTA10970

Publication Date: Nov 2025

What is the growth rate of the India Composites Market?

According to 6Wresearch internal database and industry insights, the India Composites Market is expected to grow at a CAGR of 9.3% during 2026-2032F.

The primary forces behind this growth are the increasing adoption of lightweight and high-strength composite materials in the transportation and energy industries, the growing infrastructure and industrial fabrication activity, and the rise in domestic production capacity supported by policy and innovation.

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Growth Factors for India Composites Industry

Increasing investment in wind and solar energy initiatives creates opportunities to supply composite turbine blades and structural elements for these technologies.
Growth in automotive and aerospace manufacturing also stimulates demand for lighter composite parts to improve performance.
Infrastructure expansion creates demand for corrosion-resistant composite materials.
Government-backed ventures, creating domestic production under manufacturing programs, will improve the composites supply ecosystem.
Improvements in manufacturing processes reduce costs and drive uptake of composites.

India Composites Market Trends

Key trends involve increased use of glass fibre reinforced polymers in construction and transport, and a subsequent shift to carbon fibre and natural alternatives as society pushes towards sustainability. The technological innovation will also continue to fuel the introduction of automated resin transfer moulding and other pultrusion processes, while companies look to extend product ranges into marine, defence, and renewable energy platforms that require high-performance composites.

Emerging Developments in the India Composites Market

The India Composites Market is witnessing developments such as localisation of raw material supply chains to reduce imports of carbon fibre, adoption of digital manufacturing for composites fabrication and collaboration between industry and research institutions for next-gen bio-composites. In addition, growth of e-mobility and smart infrastructure is opening opportunities for high-volume composite parts and modular panels, prompting manufacturers to scale up capacity and invest in advanced tooling.