Lucintel's latest market report analyzed that Indian glass fiber provides attractive opportunities in pipe and tank, aerospace and defense, wind energy, electrical and electronics, construction, transportation, and marine end uses. The Indian glass fiber market is expected to reach $636.6 million by 2028 with a CAGR of 7.3%. In this market, wind energy is the largest segment by end use, whereas woven roving is largest by product type. Innovation trends focused on ultra-high modulus glass fiber and glass fiber based composites part using 3D technology provides strategic growth path in this market.
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Based on end use, the Indian glass fiber market is segmented into pipe and tank, aerospace, wind energy, electrical and electronics, construction, transportation, marine, and others. The wind energy segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during 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.
Browse in-depth TOC on “Indian Glass Fiber Market”
28 – Tables
44 – Figures
88 – Pages
The Indian Glass Fiber Market is marked by the presence of several big and small players. Some of the prominent players offering Indian glass fiber include Owens Corning, Jushi India Fiberglass Pvt. Ltd., 3B the Fiber Glass Company.
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