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Opportunities in Indian Composites Market 2008-2013: Trend, Forecast and Demand Analysis
Lucintel, Sep 2008
Composites industry in India after recording impressive growth during last 5 years is now poised for a take-off. In the past few years the industry has witnessed a growth rate of more than 15% while developed markets in N. America and Europe has definitely shown signs of slowing down. Following are some driving factors for the growth of Indian economy as well as Indian Composites market.
- GDP growth in FY 2007-08 – 8.7%
- Burgeoning manufacturing sector
- Heavy investment in infrastructure
- Sectoral boom in telecom, automotive industry, greater usage in oil and gas segments
- Increased urbanization and growing urban infrastructure need
- A booming service sector - revenue alone from software and services exports from India in FY 2007-08: USD 40.3 billion
- Existence of a sizeable middle-class population with high purchasing power
Many international companies have maintained a regional base in India, taking advantage of the territory's well-established business infrastructure and a proficiency in English, which facilitates corporate communications. Among material suppliers, Owens Corning and Saint-Gobain have already established a manufacturing base. Among product manufacturers, Hobas, Creative Pultrusion, Amiantit, LM fiberglass, Pentair, Hepworth, Enercon, Suzlon, Vestas, Angerlehner and several others have opened manufacturing facility in India according to this report. DSM, Dow and other resin suppliers import resins to Indian composites market. Ashland, Reichhold are setting up greenfield facilities in India that are expected to be operational by 2008 end. India now has global players in both the material supply chain as well as fabricators. It gives leeway to the companies to explore both the domestic market as well as supply the world market with products made in India. This report discusses most recent developments in Indian composites market, the dynamics within the market keeping an eye on the future of this industry in India.
Never before has there been a report addressing the markets, opportunities, materials and technology issues of the Indian composites market. This unique report will provide you with all the valuable information and tools you may need to operate your business successfully in India or to learn potentials of Indian composites market. This report will save you hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in the Indian composites market. In today’s stringent economy, you need every advantage that you can find to keep ahead in your business.
Features of This Report:
To make business, investment, or strategic decisions, you need timely and adequate information. This market report fulfils 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:
- Composites market size in India in terms of $ and lbs shipment.
- Market size for fiberglass and its products such as single end rovings, multi-end rovings, fabrics, mats and more.
- Market size for polyester, epoxy, vinyl ester and other resins.Market leaders and their market shares in fiberglass and resin category.
- Market leaders for various applications such as wind blade, pipes, tanks, automotive, rail components, electrical, marine, and other.
- Leading molders and their market shares in various applications.
- Trends (1970-2003) and forecasts (2008-2013) for the composites market in India.
- List of over 50 molders with contact addresses.
Benefits of Report:
Our core competency is market research and management consulting. In the last 10 years, we have worked on hundreds of market research studies, and we do it better, faster and more cost effectively than others. Our market report offers following benefits:
- It saves you money, as compared to doing research in-house. ($80,000+)
- It saves you time. We deliver the report in hours vs. months of in-house data collection and report writing.
- It is an un-biased source of industry facts, intelligence and insights.
- It helps you make confident business decisions quickly.
Who Can Benefit From This Report?
The study is intended for material suppliers, compounders, parts fabricators, OEMs, investors, executives and consultants. The multi-client market studies from us are used by small to multi-national Fortune 500 companies and utilized for a variety of reasons:
- Business development
- Strategic planning
- Business presentation
- Competitive materials analysis
- Market Expansion
- Revenue Planning
- Investment
- Decision Budgeting
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