Top 100 customers accounted for an estimated 76% of fiberglass demand in FY 2011

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, it is expected to grow at a very healthy growth rate.

The demand for fiberglass has continued its growth momentum in the past fiscal year (ended 31, March 2011). However, the growth rate vary by resin segment - fiberglass demand for UPR segment was relatively low compared to growth rates for Epoxy and Thermoplastic resin segments. Wind energy, Construction and Electrical Equipment sectors are the key growth drivers for fiberglass demand in FY 2011.

Indian fiberglass industry heavily depends on imports due to shortage in domestic supply. The price difference between domestic supply and imports is another reason. The magnitude of gap between domestic supply (total fiberglass production) and domestic demand has increased during the past three years. During this period, growth rate of production was approximately 50% of the growth rate of demand.

The growing domestic market now takes around 79% of the total fiberglass sales. In two to three years we believe the domestic market could be taking up to 90% of the sales. Fiberglass export market has declined to 21.2% in FY 2011 from an estimated 43.7% in FY 2006.

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. Other molders include molder of FRP products such as pipe, tank, wind blades and boat manufacturers amongst others.

This innovative research report highlights the pattern in fiberglass consumption for the leading 100 molders across the regions and market segments; examines supply and demand situation and provides current and future fiberglass demand in Indian Reinforced plastics industry.

Over 300 pages long, the report provides all the intelligence required to gain competitive advantage in Indian Reinforced Plastics Industry.

Key Features

1. Customer Mapping: Fiberglass consumption level for leading composite molders in India; customer analysis by region and market segment

2. Market Analysis: Demand for Fiberglass in various market segments in FY 2011

3. Supply and Demand Analysis: History of fiberglass production capacity by plant, utilization rate, exports/imports, domestic sales and consumption

4. Supplier Profiles: Detailed profiles of fiberglass suppliers - history of sales revenue; operating margins; market shares

5. Trend & Forecast: Past and Future demand for fiberglass in various market segments