Boston, MA -- (SBWIRE) -- 06/17/2014 -- The report titled 'India Carbon Fiber and Composites Market Outlook to 2018 - Surging Demand from Aerospace, Defence and Industrial Sectors' presents a comprehensive analysis of the industry aspects including market size by value and consumption volume of carbon fiber and carbon fiber composites along with market segmentation by type of raw materials used, grades, applications, end-user sectors, and semi-finished products. The report also entails a detailed description on the recent trends and developments in the market, government regulations, major challenges and competitive scenario of major players in the industry along with providing market share of major companies in the overall market.
The carbon fiber market in India has grown moderately from 2008 to 2013 in terms of the consumption volume. The industry registered brisk growth in the last few years driven by the increased demand for carbon fiber and carbon fiber composites, technology advances and increased penetration of market players. The market has registered a CAGR of 18.8% during 2008-2013 by rising from ~ tonnes in 2008 to ~ tonnes in 2013.
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India carbon fiber market is mainly dominated by the foreign companies such as Toray, Hexcel, Zoltek and Toho. The total revenue of carbon fiber market in India has grown significantly at a CAGR of 17.1% during 2008-2013. The carbon fiber market in India witnessed revenue worth INR ~ million in 2013 which grew from INR ~ million in 2008.
The carbon fiber composites segments constitute the major part of carbon fiber market in India which accounted for almost ~% in the total revenue of carbon fiber industry in 2013. The market over the years has showcased growth from INR ~ million in 2008 to INR ~ million in 2013, thus marking a CAGR of 21.4 % during the period.
Aerospace & defence sector commanded the largest share of ~% of the total India carbon fiber market revenue in the country in 2013, thus rising from ~% in 2008 followed by industrial sector which grew from INR ~ million in 2008 to INR ~ million in 2013. Consumer and sports equipment market have also showcased double digit growth rate in terms of the market revenue and has risen its share from ~% in 2010 to ~% in 2013. In the industrial sector, the civil and construction sector was the largest purchaser of innovative carbon fiber derivatives and contributed INR ~ million in the total revenue of the industrial carbon fiber market in 2013.
Companies Mentioned in this Report: Toray, Toho, Hexcel, Zoltek, Formosa, SGL and Mitsubishi Rayon
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