According to a market report by Lucintel, the future of the global Indian glass fiber market looks promising with opportunities in the pipe and tank, aerospace and defense, wind energy, electrical and electronics, construction, transportation, and marine end use industries. The Indian glass fiber market is expected to reach an estimated $580 million by 2031 with a CAGR of 5% 2024 to 2031. The major driver for this market is the domestic consumption by government, NGOs, and civic bodies.A more than 150-page report to understand trends, opportunity and forecast in Indian glass fiber market to 2031 by end use industry (pipe and tank, aerospace, wind energy, electrical and electronics, construction, transportation, marine, and other end use industries), manufacturing process (hand lay-up, filament winding, pultrusion, RTM/VARTM, thermoplastic molding, compression molding, and other manufacturing processes), and product type (single end rovings, multi end rovings, DUCS, yarn, and CFM).
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Lucintel forecasts that wind energy will remain the largest end use segment and is also expected to witness the highest growth over the forecast period due to its various advantage like; corrosion resistance, high strength-to-weight ratio, low maintenance, and a longer lifecycle as compared to other traditional materials.
Praana Group, Jushi India Glass Fiber Pvt. Ltd are the major suppliers in the Indian glass fiber market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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