The global Indian glass fiber market is projected to reach $636.6 million by 2028, at a CAGR of 7.3% during 2021-2028. The growth of Indian glass fiber market is driven by the domestic consumption by government, NGOs, and civic bodies.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the Indian glass fiber market by end use (pipe and tank, aerospace, wind energy, electrical and electronics, construction, transportation, marine, and others), manufacturing process (hand lay-up, filament winding, pultrusion, RTM/VARTM, thermoplastic molding, compression molding, and others), and product type (single end roving, multi end roving, woven roving, fabrics, CSM, CFM, DUCS, CS, and Others)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the Indian glass fiber market?
Q.4 What are some changing demands of customers in the Indian glass fiber market?
Q.5 What are the new developments in the Indian glass fiber market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this Indian glass fiber area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this Indian glass fiber market?
Emerging trends, which have a direct impact on the dynamics of the industry, include innovation trends focused on ultra-high modulus glass fiber and glass fiber based composites part using 3D technology.
Market Segmentation:
Based on end use, the Indian glass fiber market is segmented into pipe and tank, aerospace, wind energy, electrical and electronics, construction, transportation, marine, and others. The wind energy segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to its various advantage like; corrosion resistance, high strength-to-weight ratio, low maintenance, and a longer lifecycle as compared to other traditional materials.
Key Players in the Indian glass fiber market are Owens Corning, Jushi India Fiberglass Pvt. Ltd., 3B the Fiber Glass Company.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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