According to a new market report published by Lucintel, the future of the Indian glass fiber market looks promising with opportunities in pipe and tank, aerospace, wind energy, electrical and electronics, construction, transportation, and marine. The Indian glass fiber market is declined in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $0.3 billion by 2026 with a CAGR of 9.3% from 2021 to 2026. The major driver for market growth is the domestic consumption by government, NGOs, and civic bodies.
Browse 28 market data tables and 44 figures spread through 88 pages and in-depth TOC on “Indian Glass Fiber Market Market"
Within the Indian glass fiber market, pipe and tank will remain the largest end use by value and volume and it is also expected to witness 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.
Emerging trends, which have a direct impact on the dynamics of the glass fiber industry, include innovation trends focused on high tensile strength, innovation trends focused on high tensile modulus, innovation trends focused on compatibility with different resins. Owens Corning, 3B Fiberglass Company, Jushi Group Co. Ltd., Saint Gobain India, and U.P. Twiga Fiberglass Ltd., are among the major glass fiber manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the Indian glass fiber market by end use. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Indian Glass Fiber Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the Indian glass fiber market by end use as follows:
By End Use [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:
Pipe and Tank
Aerospace
Wind Energy
Electrical and Electronics
Construction
Transportation
Marine
Others
This 88 page 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 click on this link https://www.lucintel.com/india-glass-fiber-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 10 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the Indian glass fiber market by end use (pipe and tank, aerospace, wind energy, electrical and electronics, construction, transportation, marine, and others)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the Indian glass fiber market?
Q.4 What are the business risks and threats to the Indian glass fiber market?
Q.5 What are emerging trends in the Indian glass fiber market and the reasons behind them?
Q.6 What are some changing demands of customers in the Indian glass fiber market?
Q.7 What are the new developments in the Indian glass fiber market? Which companies are leading these developments?
Q.8 Who are the major players in the Indian glass fiber market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are some of the competitive products and processes in the Indian glass fiber market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.10 What M&A activities did take place in the last five years in the Indian glass fiber market?