Indian Composites Industry is Estimated to Reach $1400 million by 2014

India is the fastest growing market for composite materials, registering double-digit growth during the past five years. The Indian composites industry has proven track record for its low cost manufacturing base with automated processes, coupled with strong design and development expertise. Many markets with significant growth potential have adopted composite solutions. India offers many opportunities in the composites industry for new entrants as well as existing and expanding companies. This is the ideal time for industry players to take part in the rapid and systematic growth that is expected in the Indian Composites Industry in the next few years. According to new Composite Insights’ market report, the market for composite materials in India is expected to grow from 2009 to $1400 million in 2014 at a CAGR of 17.4%.

Please find more details by visiting www.compositeinsights.com. For pricing information on this timely and insightful report, please contact Hari Bandari at hari.bandari@compositeinsights.com or 91 40 6569 6318.