Lucintel's latest market report analyzed that India glass fiber provides attractive opportunities in pipe and tank, aerospace and defense, wind energy, electrical and electronics, construction, transportation, and marine end uses. The India glass fiber market is expected to reach $0.5 Billion by 2027 with a CAGR of 14.0%. In this market, woven roving is the largest segment by product type, whereas wind energy is largest by end use. The 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 product type, the India glass fiber market is segmented into single end roving, multi end roving, woven roving, fabrics, CSM, CFM, DUCS, CS, and others. Lucintel forecasts that the woven roving is accounted for the largest share of the market in 2021 due to its growing demand in wind and marine industries.
Browse in-depth TOC on “India Glass Fiber Market”
28 – Tables
44 – Figures
88 – Pages
The India glass fiber market is marked by the presence of several big and small players. Some of the prominent players offering India glass fiber include Owens Corning, Jushi India Fiberglass, and 3B the glass fiber.
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