Indian Carbon Fiber Market is Forecasted to Reach USD 162 Million in 2030, Says Stratview Research

Indian Carbon Fiber Market is Forecasted to Reach USD 162 Million in 2030, Says Stratview Research

The global Indian Carbon Fiber Market is projected to witness a growth rate of 22.3% annually from 2024 to 2030, with an anticipated size of USD 162 million in 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Indian Carbon Fiber Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/3847/indian-carbon-fiber-market.html#form

Report Highlights: `
Market Size in 2030: USD 162 million
Growth (CAGR): 22.3% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Indian Carbon Fiber Market:
The global Indian Carbon Fiber Market is segmented by carbon fibers type, carbon fabrics type, carbon fiber prepreg type, & carbon fiber composites type

Based on value chain

Indian Carbon Fiber Market

Wind energy is the fastest-growing end-use industry, primarily driven by India's increased utilization of carbon fiber profiles for wind turbine blades.
The country currently lacks domestic carbon fiber manufacturing, relying heavily on imports. However, the market is anticipated to see the emergence of domestic manufacturers, such as Jindal Advanced Materials and Reliance Industries, in the near future.

Indian Carbon Fiber Fabric Market

Huge dominance of woven fabrics in the market in terms of fabric type as Construction and Wind energy are its major end-use industries.
Wind energy is forecasted to exhibit the highest growth trajectory over the forecast period, as the industry is anticipated to attract more profile manufacturers in the years ahead.

Indian Carbon Fiber Prepreg Market

Thermoset prepreg is currently being utilized in the market, but thermoplastic prepreg is expected to emerge within form type in the forecast period.
Aerospace & Defense is the largest end-use industry of the market as several part manufacturers have formed joint ventures with aerospace giants, such as Kineco Kaman Aerospace, Tata Boeing Aerospace Limited, Dassault Reliance Aerospace Ltd., and others driving the market growth.

Indian Carbon Fiber Composites Market

Pressure vessels are the fastest-growing industry in the market, with only a few players currently active.
Time Technoplast, the first Indian company to manufacture type-IV CNG composite cylinders for both CNG cascades and on-board applications, has secured a competitive edge. However, the market is expected to see new entrants in the coming years, which could impact the competitive landscape.

To know the most attractive segments, click here for a free sample of the report: https://www.stratviewresearch.com/Request-Sample/3847/indian-carbon-fiber-market.html#form

Indian Carbon Fiber Market Drivers:
The growth of the Indian Carbon Fiber Market is driven by several factors.
• In India, carbon fiber is employed in various industries such as aerospace & defense, automotive, sporting goods, construction, and wind energy.
• The market is projected to witness significant growth during the forecast period due to emerging applications such as pressure vessels and cable cores within the country.
• Furthermore, the increasing focus of India on aerospace & defense is driving additional market growth. For example, Tata Advanced Materials utilizes carbon fiber prepreg for component manufacturing while Lohia Group and Adani Defense and Aerospace are integrating carbon fiber components into aerospace & defense applications.
• The market is also witnessing the entry of pultruded profile manufacturers like Gurit Holding has started manufacturing whereas Kineco Exel Composites India is expected to initiate profile production.
• These profiles are employed in long wind blades for companies including LM Wind, TPI Composites, and Nordex.
• The ongoing changes at different levels in the industry are likely to have a positive effect on the entire value chain of the carbon fiber business.

Top 10 Companies in the Indian Carbon Fiber Market:
Stratview Research has identified the following companies as the top market players:
Key Players in the Indian Carbon Fiber Market:
Here is the list of the Top Players (Based on Dominance)
• Hyosung Advanced Materials
• Toray Industries, Inc.
• Toho Tenax
Key Players in the Indian Carbon Fiber Fabrics Market:
• The Bhor Chemicals and Plastics Pvt Ltd.
• Reliance Industries Ltd.
• NIKOL Advance Materials Pvt. Ltd
• URJA PRODUCTS PRIVATE LIMITED
Key Players in the Indian Carbon Fiber Prepreg Market:
• Toray Industries, Inc.
• The Bhor Chemicals and Plastics Pvt Ltd.
• Syensqo
• Hexcel Corporation
• Arvind Advanced Materials
Key Players in the Indian Carbon Fiber Composites Market:
• TPI Composites
• Nordex Group
• Time Technoplast
• CTC Global

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Indian Carbon Fiber Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Carbon Fiber Market: https://www.stratviewresearch.com/3032/carbon-fiber-market.html
• Carbon Fiber Prepreg Market: https://www.stratviewresearch.com/3855/carbon-fiber-prepreg-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.