(openPR) - According to Composite Insights’ market study, fiberglass demand forecast to continue the same growth momentum in the fabrication of fiber-reinforced plastic (FRP) products in India. Fiberglass is the major reinforcement used in Indian Reinforced Plastics Industry and has become a mainstream material in many applications. Although the fiberglass market in India is relatively small, compared to per capita consumption in China and USA. The demand for fiberglass is forecast to cross 650 million lbs by end FY2017.

Customer base for fiberglass is mainly spread across western and southern regions of India. Compound suppliers, pultruders and prepreggers accounted for an estimated 32% of the total fiberglass demand in FY 2011. The rest 68% of the demand is accounted by other molders of FRP products such as pipe, tank, wind blades and boat manufacturers amongst others.

The innovative research report “Indian Fiberglass Industry FY 2011 - Customer Mapping, Supply and Demand Analysis” highlights the pattern in fiberglass consumption for top 100 customers across the regions and market segments; examines the two fiberglass suppliers; and includes current and future fiberglass demand in Indian Reinforced plastics industry.

Composite Insights is a full service Custom and Syndicated Research firm based in Hyderabad, India. For more information on this innovative research, please visit www.compositeinsights.com.

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