Product Code: ETC009404 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Carbon Fiber market currently, in 2023, has witnessed an HHI of 1628, Which has decreased substantially as compared to the HHI of 10000 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
India carbon fiber market is expected to experience tremendous growth over the next five years, driven by increasing demand from aerospace and defense, automotive, wind energy, sports goods and construction sectors. The country is one of the most promising markets for advanced composite materials like carbon fiber owing to its rapidly growing industry base and presence of numerous end-use industries. India?s government has also been supportive in promoting the use of CFRP (carbon fiber reinforced plastic) in various areas such as transport infrastructure which will further drive growth.
1. Increasing Demand from Aerospace & Defense Industries ? With an increased focus on modernizing military aircraft and other related equipment through technology upgradation programs like Make In India, there is a high demand for lightweight yet durable components that can be manufactured using CFRP or Carbon Fiber Reinforced Plastics made with carbon fibers. This will likely fuel the growth of India?s carbon fiber market over the forecast period.
2. Growing Automotive Sector ? The Indian automotive sector has seen significant growth in recent times due to rising disposable incomes among middle class households along with improved access to automobile loans provided by banks/non-banking financial companies (NBFCs). This has resulted in a sharp rise in vehicle sales thereby creating demand for lightweight components manufactured using Carbon Fibers that help reduce overall weight while offering better performance at lower emissions levels compared to traditional steel/aluminum ones.
. High Cost - As mentioned earlier, production costs associated with manufacturing Carbon Fiber Reinforced Plastics are significantly higher than those associated with conventional metals or plastics used for manufacturing auto parts or other structural components; this may act as a major hindrance towards wider adoption amongst Indian manufacturers especially when it comes to cost sensitive applications such as automobiles where margins remain slim even after factoring all expenses involved including raw material costs etc., thus limiting any potential increase in usage rates across multiple industries.
2. Availability Issues - Production processes involving high temperatures usually required during CF manufacture often lead to quality control issues resulting inadequate supplies available within domestic markets leading upscaled utilization rates being hampered; this may pose problems primarily if large scale projects requiring bulk orders need completion on time without any supply chain interruptions occurring owing availability challenges faced at suppliers end potentially delaying project timelines due delays caused due lack adequate inventories procured beforehand since limited resources eligible meet desired order quantities exist within local regions making it difficult procure raw material sufficiently advance before commencement operations
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Carbon Fiber Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Carbon Fiber Market Revenues & Volume, 2020 & 2030F |
3.3 India Carbon Fiber Market - Industry Life Cycle |
3.4 India Carbon Fiber Market - Porter's Five Forces |
3.5 India Carbon Fiber Market Revenues & Volume Share, By Raw Material Types, 2020 & 2030F |
3.6 India Carbon Fiber Market Revenues & Volume Share, By Product Types, 2020 & 2030F |
3.7 India Carbon Fiber Market Revenues & Volume Share, By Form Types, 2020 & 2030F |
3.8 India Carbon Fiber Market Revenues & Volume Share, By Applications, 2020 & 2030F |
4 India Carbon Fiber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Carbon Fiber Market Trends |
6 India Carbon Fiber Market, By Types |
6.1 India Carbon Fiber Market, By Raw Material Types |
6.1.1 Overview and Analysis |
6.1.2 India Carbon Fiber Market Revenues & Volume, By Raw Material Types, 2020-2030F |
6.1.3 India Carbon Fiber Market Revenues & Volume, By PAN?based carbon fiber, 2020-2030F |
6.1.4 India Carbon Fiber Market Revenues & Volume, By Pitch?based carbon fiber, 2020-2030F |
6.1.5 India Carbon Fiber Market Revenues & Volume, By Rayon?based carbon fiber, 2020-2030F |
6.2 India Carbon Fiber Market, By Product Types |
6.2.1 Overview and Analysis |
6.2.2 India Carbon Fiber Market Revenues & Volume, By Continuous carbon fiber, 2020-2030F |
6.2.3 India Carbon Fiber Market Revenues & Volume, By Long carbon fiber, 2020-2030F |
6.2.4 India Carbon Fiber Market Revenues & Volume, By Short carbon fiber, 2020-2030F |
6.3 India Carbon Fiber Market, By Form Types |
6.3.1 Overview and Analysis |
6.3.2 India Carbon Fiber Market Revenues & Volume, By Composite carbon fiber, 2020-2030F |
6.3.3 India Carbon Fiber Market Revenues & Volume, By Non-Composite carbon fiber, 2020-2030F |
6.4 India Carbon Fiber Market, By Applications |
6.4.1 Overview and Analysis |
6.4.2 India Carbon Fiber Market Revenues & Volume, By Automotive, 2020-2030F |
6.4.3 India Carbon Fiber Market Revenues & Volume, By Aerospace & Defense, 2020-2030F |
6.4.4 India Carbon Fiber Market Revenues & Volume, By Wind Turbines, 2020-2030F |
6.4.5 India Carbon Fiber Market Revenues & Volume, By Sports equipment, 2020-2030F |
6.4.6 India Carbon Fiber Market Revenues & Volume, By Molding & Compounding, 2020-2030F |
6.4.7 India Carbon Fiber Market Revenues & Volume, By Construction, 2020-2030F |
6.4.8 India Carbon Fiber Market Revenues & Volume, By Others, 2020-2030F |
6.4.9 India Carbon Fiber Market Revenues & Volume, By Others, 2020-2030F |
7 India Carbon Fiber Market Import-Export Trade Statistics |
7.1 India Carbon Fiber Market Export to Major Countries |
7.2 India Carbon Fiber Market Imports from Major Countries |
8 India Carbon Fiber Market Key Performance Indicators |
9 India Carbon Fiber Market - Opportunity Assessment |
9.1 India Carbon Fiber Market Opportunity Assessment, By Raw Material Types, 2020 & 2030F |
9.2 India Carbon Fiber Market Opportunity Assessment, By Product Types, 2020 & 2030F |
9.3 India Carbon Fiber Market Opportunity Assessment, By Form Types, 2020 & 2030F |
9.4 India Carbon Fiber Market Opportunity Assessment, By Applications, 2020 & 2030F |
10 India Carbon Fiber Market - Competitive Landscape |
10.1 India Carbon Fiber Market Revenue Share, By Companies, 2023 |
10.2 India Carbon Fiber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |