Composite Insights’ Report Outlines Tremendous Growth for Indian Carbon Fiber Composites Market: Market to reach $ 53 million in 2018
HYDERABAD, India, January 29, 2013 /PRNewswire/ –
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. 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
Composite Insights, a leading global custom and syndicated research firm, analyzed
Indian market for carbon fibers and carbon fiber composites and presents its findings in
“Growth Opportunities in Indian Carbon Fiber Composites Market: 2013-2018.
Composite Insights’ research indicates future growth of the carbon fiber composites
market in India will be driven by various industrial applications. 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 intelligence report, which provides trend scenarios for 2007, 2011 and 2012 and
forecast statistics for 2013 and 2018; details market drivers and challenges; and
highlights the major carbon fiber customers.
For a detailed table of contents and pricing information on this timely, insightful
report, contact Composite Insights at +91-406-569-6318 or via email at
email@example.com. Composite Insights strives to ensure its clients lead
the market trend. To learn more, please visit us at http://www.compositeinsights.com.
Contact: Prashanth Ravula +91-406-569-6318 firstname.lastname@example.org
SOURCE Composite Insights Pvt. Ltd