India Composite Strengthening Systems Market Size & Outlook
Related Markets
India composite strengthening systems market highlights
- The India composite strengthening systems market generated a revenue of USD 7.6 million in 2023 and is expected to reach USD 13.2 million by 2030.
- The India market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, fiber-reinforced polymer (frp) was the largest revenue generating product in 2023.
- Fiber-Reinforced Polymer (FRP) is the most lucrative product segment registering the fastest growth during the forecast period.
Composite strengthening systems market data book summary
| Market revenue in 2023 | USD 7.6 million |
| Market revenue in 2030 | USD 13.2 million |
| Growth rate | 8.2% (CAGR from 2024 to 2030) |
| Largest segment | Fiber-reinforced polymer (frp) |
| Fastest growing segment | Fiber-Reinforced Polymer (FRP) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fiber-Reinforced Polymer (FRP), Fabric-Reinforced Cementitious Matrix (FRCM) |
| Key market players worldwide | Simpson Strong-Tie Company |
Other key industry trends
- In terms of revenue, India accounted for 4.7% of the global composite strengthening systems market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China composite strengthening systems market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 46.4 million by 2030.
Fiber-reinforced polymer (frp) was the largest segment with a revenue share of 81.58% in 2023. Horizon Databook has segmented the India composite strengthening systems market based on fiber-reinforced polymer (frp), fabric-reinforced cementitious matrix (frcm) covering the revenue growth of each sub-segment from 2018 to 2030.
In 2023, India accounted for USD 7.6 million which is expected to reach USD 13.2 million by 2030, owing to the rapid urbanization and economic expansion in the country.
This have led to massive investments in new infrastructure projects like bridges, tunnels, highways, airports, and industrial facilities.
The ongoing projects like Mumbai Trans Harbor Link, the Navi Mumbai International Airport, the Noida International Airport, and construction of Dholera Smart City are expected to boost the product demand.
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Composite Strengthening Systems Market Scope
Composite Strengthening Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Simpson Strong-Tie Company | View profile | 1001-5000 | Pleasanton, California, United States, North America | https://www.strongtie.com |
India composite strengthening systems market size, by product, 2018-2030 (US$M)
India Composite Strengthening Systems Market Outlook Share, 2023 & 2030 (US$M)
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