Indian carbon fiber market is estimated to grow significantly at a CAGR of around 11.6% during the forecast period. The factors that positively affect the growth of the market include the rising demand for clean energy and the increasing production of aircraft in the country. Further, increasing R&D activities in the aerospace and defense sector is expected to drive the market growth in the country.
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Indian carbon fiber market is segmented on the basis of raw material, fiber type, and industry vertical. Based on raw material, the market is sub-segmented into PAN and petroleum pitch & rayon. Based on the fiber type, the market is classified into virgin carbon fiber and recycled carbon fiber. Based on the industry verticals, the market is classified into aerospace & defense, automotive, construction infrastructure, and others such as sporting goods. Among these, the aerospace & defense industry segment accounted for a significant share in the market attributed to the increased production by the major aerospace and defense manufacturers.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Indian Carbon Fiber Market by Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
Indian Carbon Fiber Market by Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon Fiber
Indian Carbon Fiber Market by Industry Verticals
- Aerospace & Defense
- Automotive
- Construction Infrastructure
- Others (Sporting Goods)
Company Profiles
- Formosa Plastics Corp.
- Hyosung Corp.
- Jiangsu Hengshen Co. Ltd.
- Kureha Corp.
- Nippon Carbon Co. Ltd.
- Osaka Gas Chemicals Co., Ltd.
- Toray Industries Inc.
- Teijin Ltd.
- Taekwang Industrial Co. Ltd.
- Weihai Guangwei Composites Co., Ltd.
- ZHONGFU SHENYING CARBON FIBER CO., LTD.
The Report Covers
- Comprehensive research methodology of the Indian carbon fiber market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Indian carbon fiber market.
- Insights about market determinants which are stimulating the Indian carbon fiber market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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