Carbon Fiber Market in India, Industry Outlook and Forecast 2024-2030

Carbon fiber is a long, thin strand of material about 0.0002-0.0004 in (0.005-0.010 mm) in diameter and composed mostly of carbon atoms. The carbon atoms are bonded together in microscopic crystals that are more or less aligned parallel to the long axis of the fiber. The crystal alignment makes the fiber incredibly strong for its size. Several thousand carbon fibers are twisted together to form a yarn, which may be used by itself or woven into a fabric. The yarn or fabric is combined with epoxy and wound or molded into shape to form various composite materials. Carbon fiber-reinforced composite materials are used to make aircraft carbon fiber compared to human hair and spacecraft parts, racing car bodies, golf club shafts, bicycle frames, fishing rods, automobile springs, sailboat masts, and many other components where light weight and high strength are needed.

This report contains market size and forecasts of Carbon Fiber in India, highlights the following information:

Sales of Carbon Fiber in India: Value 2019 VS 2023 VS 2030, ($ millions)

Sales of Carbon Fiber in India: Volume 2019 VS 2023 VS 2030, (MT)

Sales of Carbon Fiber in India: Revenue Market Share by Company, 2019-2024

Sales of Carbon Fiber in India: Volume Market Share by Company, 2019-2024

India is now the world’s most populous country. According to IMF (its July update to its World Economic Outlook), India’s GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Carbon Fiber will continue to grow rapidly in the future.

The global Carbon Fiber market size was valued at 1768.7 million in 2023 and is forecast to a readjusted size of US$ 1682.8 million by 2030, with a CAGR of -0.7% during the forecast period 2024-2030.While the India Carbon Fiber market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. India will account for % percent of Carbon Fiber's global value in 2030, from % in 2023.

Our research team has surveyed the Carbon Fiber manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, Value, demand, price change, product matrix, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

India Carbon Fiber Market, By Type, 2019-2024, 2025-2030 ($ Millions) & (MT)

India Carbon Fiber Market Segment Percentages, By Type, 2023 (%)

Regular-Tow Carbon Fiber

Large-Tow Carbon Fiber

India Carbon Fiber Market, By Application, 2019-2024, 2025-2030 ($ Millions) & (MT)

India Carbon Fiber Market Segment Percentages, By Application, 2023 (%)

Industrial Materials

Aerospace

Sports/Leisure

Medical Industry

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Carbon Fiber revenues in India market, 2019-2024 (Estimated), ($ millions)

Key companies Carbon Fiber sales in India market, 2019-2024 (Estimated), (MT)

Further, the report presents profiles of competitors in the market, key players include:

Toray

ZOLTEK (Toray)

Mitsubishi Rayon

Toho Tenax (Teijin)

Hexcel

Formosa Plastics Corp

SGL

Cytec Solvay

DuPont

Hyosung

Taekwang Industrial

Zhongfu Shenying

Jiangsu Hengshen

Weihai Tuozhan Fiber

Bluestar Fibres