Opportunities in the India Composites Market: 2012-2017 Trend, Forecast, and Competitive Analysis - Market to Reach $1.8 Billion by 2017 at a CAGR of 14.9%

According to this report brought to you by Research and Markets, despite the high cost of raw material, scarce availability of many essential materials due to import restrictions, and the lack of mechanized processes, the Indian composites industry posted substantial growth from 2006-2011. The market is expected to continue its strong growth momentum to reach approximately US $1.8 billion by 2017 with a CAGR of 14.9% over the next five years.

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Dublin, Ireland (PRWEB) March 25, 2013

Lucintel's research indicates that the higher market growth is due to the emerging Indian economy and increasing demand in domestic consumption and production as well. Future markets are expected to be highly competitive and companies with innovative capabilities can thrive and gain market share. The composites industry has become highly volatile in the short term, and global financial uncertainties or political instability can bring sudden changes to the marketplace. In the long term, the composites industry is considered extremely viable with more than 5,000 composites applications worldwide with great growth potential.

The composites industry in India is characterized by a large number of players in end-use applications. Tremendous competition among the players in individual categories allows very little room for price maneuvering by individual manufacturers in any sector, whether it is pipe and tank, railway, or auto components. Almost every sector, however, has market leaders that operate at a comparatively larger scale and employ automated processes, nevertheless falling short of the total market demand.

This market research report provides an overview of trend scenarios and forecast statistics for five years; presents industry drivers and challenges; and surveys the opportunities for composites growth in India. This study is designed to benefit composites manufacturers, material suppliers, and the end user market, such as automotive, consumer goods, and industrial goods, among others, where fiber reinforced material usage is increasing as demand for lightweight, high-strength product is emerging.

This unique report provides valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of personal research time and will provide significant benefits in expanding any business in this market.

To make business, investment, or strategic decisions, companies need timely and adequate information. This market report fulfills this core need. This is an indispensable reference guide for multi-national material suppliers, product manufacturers, investors, executives, distributors and many more, who are dealing with the composites market. Some of the features of this market report are:

  • Indian composites market size in terms of dollar value and pounds shipment
  • Indian market size for fiberglass and its products such as single end roving, multi end roving, CSM, woven roving, fabrics, CSM, CFM, DUCS, and CS
  • Indian composites market by applications such as pipe and tank, wind energy, transportation, marine, electrical and electronics, construction, aerospace and defense
  • Trend (2006-2011) and Forecast (2012-2017) for the Indian composites market in India.
  • Key emerging trends and opportunities in the Indian composites market
  • More than 93 figures/charts and 23 tables are provided in this roughly 150-page report

For more information visit http://www.researchandmarkets.com/research/h6jtw4/opportunities_in

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Sector: Plastics