Indian Composite Materials Market
Highlights from the briefing:
- The Indian composite materials market was estimated at US$ 1.6 Billion in 2023 and is likely to grow at a healthy CAGR of >6% over the next five years to reach US$ 2.8 billion in 2030. This equates to the consumption of 1000+ kilotons of Composite Materials in 2030.
- Both glass fiber suppliers, Owens Corning and Goa Glass Fibre Limited produced nearly 110 and 22 kilotons of glass fibers in 2023.
- The composite consumption per capita was merely 0.37 kg in India in 2021, which is quite lower before the matured markets, such as the USA with 11.5 kg and Germany with 7.7 kg
Subscribe to receive more such critical insights on the emerging trends in the Composites Industry, straight to your inbox.
Click download to access the complete presentation.
