Lucintel’s latest market report analyzed that Indian composites provides attractive opportunities in pipe and tank, aerospace and defense, wind energy, electrical and electronics, construction, transportation, marine and telecommunication. The Indian composites market is expected to reach $1.9 Billion by 2027 with a CAGR of 18.1%. In this market wind energy is largest by end use. The innovation trends focused on high tensile strength, innovation trends focused on high tensile modulus, and innovation trends focused on compatibility with different resins provides strategic growth path in this market.
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Based on end use, the Indian composites market is segmented into pipe and tank, aerospace and defense, wind energy, electrical and electronics, construction, transportation, marine, telecommunication, and others. Lucintel forecasts that the woven roving is accounted for the largest share of the market in 2021 and it is also expected to witness highest growth over the forecast period due to its various advantages like; long shelf life, less maintenance, resistance to corrosion, and high strength-to-weight ratio.
Browse in-depth TOC on “Indian Composites Market”
29 – Tables
47 – Figures
116 – Pages
The Indian composites market is marked by the presence of several big and small players. Some of the prominent players offering Indian composites include Suzlon, Kineco, Mahindra CEI Automotive, Tata AutoComp Systems, and Patil Rail Infrastructure.
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