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 2018.
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 firstname.lastname@example.org. Composite Insights strives to ensure its clients lead the market trend. To learn more, please visit us at http://www.compositeinsights.com.
SOURCE Composite Insights Pvt. Ltd