Indian Carbon Fiber Composites Market is Forecast to Reach USD 53 million by 2018
Once the domain of aerospace and space applications in India, carbon fiber composites are increasingly being used in a host of new industrial applications where material cost is secondary to performance, high strength and reduced weight considerations. Indian carbon fiber composites market poised for dramatic growth and expect to reach USD 53 million by 2018.
In order to meet the surging demand from various customers for highly valued intermediate material including prepregs, many companies have increased their focus on Indian market recently. For example, Toho Tenax Co. Ltd., announced that it will develop and market carbon fiber fabrics for India's composite industry in collaboration with Hindoostan Technical Fabrics Limited. Kemrock Industries and Exports Ltd., one of the leading manufacturers of Reinforced polymer (FRP) composites, commissioned India’s first carbon fiber manufacturing facility in Vadodara, Gujarat. .
The industrial market is expect to witness very strong growth, followed by aerospace segment. Consumer goods market expect to post slow growth between 2013 and 2018.
This innovative research report highlights the opportunities for carbon fiber composites materials in India; provides current and future demand for reinforcements and composites. Over 45 pages long, the report provides all the market intelligence required to gain competitive advantage in Indian carbon fiber composites market.
1. Indian Carbon Fiber Composites Market: Market size estimates for carbon fiber composites by resin group; by market segment and by semi-finished composites.
2. Indian Carbon Fiber Reinforcement Market: Market size estimates for carbon fiber reinforcement by type of reinforcement.
3. Trend and Forecast Analysis: Market size estimates for 2007, 2011, 2012, 2013 and 2018.
4. Customer List: Brief introduction of key customers for carbon fiber composites.