The India composite market size reached USD 8.04 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 16.00 Billion by 2033, exhibiting a growth rate (CAGR) of 7.10% during 2025-2033. The India composite market is expanding due to rising electric vehicle adoption, advancements in composite manufacturing technologies, and increased demand for unmanned aerial vehicles (UAVs) applications. Lightweight, high-strength composites enhance efficiency, durability, and performance across industries, driven by government support, technological innovations, and the shift toward sustainable, high-performance materials.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 8.04 Billion |
Market Forecast in 2033 | USD 16.00 Billion |
Market Growth Rate (2025-2033) | 7.10% |
Rise in Electric Vehicle (EV)
The growth of India's electric vehicle (EV) market is fueling the need for advanced composite materials that improve vehicle performance, safety, and efficiency. Thanks to government incentives, supportive policies, and the growing user acceptance of electric vehicles (EVs), car manufacturers are utilizing lightweight composites to boost battery efficiency, prolong driving range, and strengthen structural integrity. Composite materials are taking the place of conventional metals in vehicle structures, battery housings, and interior parts because of their improved strength-to-weight proportion, impact durability, and protection against corrosion. Furthermore, improvements in manufacturing methods, such as compression molding and automated composite processing, are rendering these materials more economical for mass production. India is speeding up its shift to sustainable transportation, driving the need for creative composite solutions in EVs. In 2024, Navrattan Group introduced its latest e-bus, showcasing cutting-edge glass fiber composite technology. The lightweight structure improved fuel efficiency, minimized road wear, and decreased maintenance expenses, making it perfect for the varied road conditions in India. The e-bus provided a sustainable, economical, and eco-friendly transportation option for both urban and rural regions.
Technological Improvement in Composite Production Processes
Continuous improvements in composite development techniques are enhancing production efficiency, lowering costs, and facilitating high-performance material uses. Sophisticated methods like automated fiber placement (AFP), resin transfer molding (RTM), pultrusion, and additive manufacturing are improving the scalability and accuracy of composite manufacturing. The incorporation of artificial intelligence (AI) and machine learning (ML) in composite manufacturing is enhancing material characteristics, identifying defects, and managing processes, thereby ensuring uniform quality and performance. Furthermore, advancements in nanocomposites and hybrid composite materials are broadening the scope of applications, providing enhanced mechanical strength, thermal resistance, and lightweight properties. The increasing use of industry 4.0 technologies, such as digital twin simulations and robotics in manufacturing, is optimizing composite production, minimizing material waste, and enhancing design adaptability. In 2024, 3D Monotech, part of Monotech Systems Limited, introduced the Markforged FX10 in India, marking the launch of the world’s first 3D printer that can print metal and advanced composite components. This technology sought to transform sectors such as aerospace, automotive, and healthcare by facilitating quicker manufacturing, lowering expenses, and improving product quality. The FX10 showcased sophisticated automation and top-quality materials for effective and accurate production.
Expansion of Composite Applications in Unmanned Aerial Vehicles (UAVs)
The rising use of unmanned aerial vehicles (UAVs) in defense, security, surveillance, and commercial sectors is boosting the need for advanced composite materials in India. Composites are essential in UAV design as they provide lightweight but strong structures, improving flight efficiency, payload capability, and longevity. The creation of ultra-light, hollow-body drone structures with composite materials allows for longer flight durations, lower energy consumption, and enhanced agility. The increasing deployment of UAVs in mapping, agriculture, disaster relief, and industrial inspections is further driving the need for high-performance composite solutions. Government efforts encouraging local UAV manufacturing and greater involvement from the private sector are driving advancements in composite-based drone technologies. Moreover, progress in fiber-reinforced composites and additive manufacturing methods is facilitating economical and scalable production of UAVs. In 2024, Vikram Composites introduced the Scout, India’s extremely lightweight drone frame with a hollow body. Constructed from cutting-edge composite materials, the Scout provided enhanced flight durations, payload capabilities, and versatility for high-performance uses in security, observation, and mapping.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on product, MFG process, and application.
Product Insights:
The report has provided a detailed breakup and analysis of the market based on the product. This includes carbon fiber, glass fiber, and others.
MFG Process Insights:
The report has provided a detailed breakup and analysis of the market based on the MFG process. This includes layup, filament, injection molding, pultrusion, compression molding, RTM, and others.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes automotive and transportation, electrical and electronics, wind energy, construction and infrastructure, pipes and tanks, marine, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Products Covered | Carbon Fiber, Glass Fiber, Others |
MFG Processes Covered | Layup, Filament, Injection Molding, Pultrusion, Compression Molding, RTM, Others |
Applications Covered | Automotive and Transportation, Electrical and Electronics, Wind Energy, Construction and Infrastructure, Pipes and Tanks, Marine, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: