India Advanced Composites Market Size & Outlook, 2021-2030
The advanced composites market in India is expected to reach a projected revenue of US$ 1,597.7 million by 2030. A compound annual growth rate of 11.5% is expected of India advanced composites market from 2022 to 2030.
Revenue, 2021 (US$M)
$601.7
Forecast, 2030 (US$M)
$1,597.7
CAGR, 2022 - 2030
11.5%
Report Coverage
India
India advanced composites market, 2017-2030 (US$M)
Related Markets
India advanced composites market highlights
- The India advanced composites market generated a revenue of USD 601.7 million in 2021 and is expected to reach USD 1,597.7 million by 2030.
- The India market is expected to grow at a CAGR of 11.5% from 2022 to 2030.
- In terms of segment, carbon fiber composites was the largest revenue generating product in 2021.
- 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 2021 | USD 601.7 million |
| Market revenue in 2030 | USD 1,597.7 million |
| Growth rate | 11.5% (CAGR from 2021 to 2030) |
| Largest segment | Carbon fiber composites |
| Fastest growing segment | Carbon Fiber Composites |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 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 1.8% of the global advanced composites market in 2021.
- 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 segmentation & scope
Aerospace & Defense
Automotive
Wind Energy
Sporting Goods
Others
Aerospace & Defense
Automotive
Wind Energy
Sporting Goods
Pipes & Tanks
Construction
Marine
Others
Aerospace & Defense
Automotive
Wind Energy
Sporting Goods
Pipes & Tanks
Construction
Marine
Others
Advanced Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 63.7% in 2021. 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 2017 to 2030.
- India Advanced Composites Product Outlook (Revenue, USD Million, 2017-2030)
- Aramid Fiber Composites
- Aerospace & Defense
- Automotive
- Wind Energy
- Sporting Goods
- Others
- Carbon Fiber Composites
- Aerospace & Defense
- Automotive
- Wind Energy
- Sporting Goods
- Pipes & Tanks
- Construction
- Marine
- Others
- Glass Fiber Composites
- Aerospace & Defense
- Automotive
- Wind Energy
- Sporting Goods
- Pipes & Tanks
- Construction
- Marine
- Others
- Aramid Fiber Composites
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Target buyers of India advanced composites market databook
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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 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India advanced composites market size, by product, 2017-2030 (US$M)
India Advanced Composites Market Outlook Share, 2021 & 2030 (US$M)
Related regional statistics
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