Indian Composites Industry Poised for Robust Growth, Expected to Reach $2.8 Billion by 2030 says ICERP
Mumbai, January 17, 2025 – The Indian composites industry estimated at USD 1.8 billion in 2024, is projected to grow at a compound annual growth rate (CAGR) of 7.8%, reaching USD 2.8 billion by 2030, according to Stratview Research. This growth will significantly outpace the global average, with India's volume growth expected to double that of the worldwide market from 2024 to 2030.The Indian market is one of the most attractive regions globally, driven by increasing demand across various sectors, including ground transportation, construction, renewable energy, and aerospace. Although the composites consumption per capita is merely 0.55 kg in India in 2023, which is quite lower than the matured markets, such as the USA with 11.5 kg and Germany with 7.7 kg, India is on track to catch up wit...









