India Advanced Composites Market Size & Outlook, 2024-2030
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India advanced composites market highlights
- The India advanced composites market generated a revenue of USD 744.3 million in 2023 and is expected to reach USD 1,597.7 million by 2030.
- The India market is expected to grow at a CAGR of 11.6% from 2024 to 2030.
- In terms of segment, carbon fiber composites was the largest revenue generating product in 2023.
- Carbon Fiber Composites is the most lucrative product segment registering the fastest growth during the forecast period.
Advanced composites market data book summary
| Market revenue in 2023 | USD 744.3 million |
| Market revenue in 2030 | USD 1,597.7 million |
| Growth rate | 11.6% (CAGR from 2024 to 2030) |
| Largest segment | Carbon fiber composites |
| Fastest growing segment | Carbon Fiber Composites |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aramid Fiber Composites, Carbon Fiber Composites, Glass Fiber Composites |
| Key market players worldwide | Toray Industries Inc, Teijin Ltd, Hexcel Corp, SGL Group, Cytec Industries, Owens-Corning Inc, DuPont de Nemours Inc, Huntsman Corp, Formosa Plastics Group, Plasan Carbon Composites |
Other key industry trends
- In terms of revenue, India accounted for 2.0% of the global advanced composites market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China advanced composites market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,597.7 million by 2030.
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Advanced Composites Market Scope
Advanced Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Plasan Carbon Composites | View profile | 501-1000 | Walker, Michigan, United States, North America | http://www.PlasanCarbon.com |
| Formosa Plastics Group | View profile | 1001-5000 | Taipei, T'ai-pei, Taiwan, Asia | https://www.fpg.com.tw/ |
| Owens-Corning Inc | View profile | 18000 | One Owens Corning Parkway, Toledo, OH, United States, 43659 | https://www.owenscorning.com |
| Cytec Industries | View profile | 1001-5000 | Little Falls, New Jersey, United States, North America | http://cytec.com |
| SGL Group | View profile | 11-50 | Adelaide, South Australia, Australia, Oceania | https://www.sglgroup.net |
| Hexcel Corp | View profile | 5590 | 281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, United States, 06901 | https://www.hexcel.com |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
India advanced composites market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced composites market will help companies and investors design strategic landscapes.
Carbon fiber composites was the largest segment with a revenue share of 75.31% in 2023. Horizon Databook has segmented the India advanced composites market based on aramid fiber composites, carbon fiber composites, glass fiber composites covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of advanced composites market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India advanced composites market , including forecasts for subscribers. This country databook contains high-level insights into India advanced composites market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India Product - Advanced Composites Market size, 2023 - 2030 (US$M)
India Advanced Composites Market Outlook Share, 2023 & 2030 (US$M)
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