The composite materials market in India is projected to grow at 12.94% annually to $11.26 billion by 2020. Various companies like Tata Sons and Godrej are developing composites for applications in aerospace, spacecraft, and automobiles. Several research institutions in India are conducting R&D on composites including DRDO, IITs, and ARCI. The opportunities exist for Dutch companies to partner with Indian firms to establish themselves in the growing Indian composites market.
The composite materials market in India is projected to grow at 12.94% annually to $11.26 billion by 2020. Various companies like Tata Sons and Godrej are developing composites for applications in aerospace, spacecraft, and automobiles. Several research institutions in India are conducting R&D on composites including DRDO, IITs, and ARCI. The opportunities exist for Dutch companies to partner with Indian firms to establish themselves in the growing Indian composites market.
The composite materials market in India is projected to grow at 12.94% annually to $11.26 billion by 2020. Various companies like Tata Sons and Godrej are developing composites for applications in aerospace, spacecraft, and automobiles. Several research institutions in India are conducting R&D on composites including DRDO, IITs, and ARCI. The opportunities exist for Dutch companies to partner with Indian firms to establish themselves in the growing Indian composites market.
Composite market in India Research Laboratory at DRDO works in the areas of
The size of the composite materials market is composites and material sciences. Advanced Centre projected to grow at a promising CAGR of 12.94 for Research on High Energy Materials (ACRHEM) percent during the forecast period of 2015 to 2020, has been established with the University of to reach USD 11.26 billion by 20201. Composite Hyderabad and does a lot of research related to this materials made of carbon and glass, are making area. rapid inroads into the India’s traditional markets for building materials and threatening to take it over. Various Indian Institutes Key Players Tata Sons Ltd, Mahindra and Mahindra Ltd, Godrej of Technology are working and Boyce manufacturing Co. Ltd. And Larsen and Turbo Ltd have units making or developing together with Boeing and composites, and supplying to clients producing spacecraft, aircraft and automobile parts. Airbus Godrej Aerospace plans to start with the manufac- The Centre for Nanomaterials at International ture of glass fibre composites in a few months, Advanced Research Centre for Powder Metallurgy & followed by the top-end carbon composites and New Materials (ARCI) was established with a extremely high-tech ceramic composites, used in mandate to develop technologies for the large-scale the tips of fins, nose, and rudder of planes to production of nano-powders. And also to explore withstand extreme heat. their utilization for applications, which cater to either a large Indian market. The Centre works in a Likewise, Tata Advanced Materials Ltd has been number of areas including oxide dispersion supplying parts made out of composites to Boeing, strengthened steels for high temperature applicati- Spirit and the UTC Group and has also been a ons and Fe-based Cerametallic Friction Material partner for development of the light combat aircraft Composites for clutch buttons. Several technologies and Indian Space Research Organization (ISRO) have been transferred to Indian industries. Besides satellites, including the Mars orbiter Mangalyaan. these, various Indian Institutes of Technology (IIT’s) The company is positive in its outlook for demand are working together with industrial players such as of composites from the aerospace sector and is Boeing and Airbus in related areas. therefore looking at building its capacity. Opportunities for the Dutch R&D in India Although composite materials industry is at a very There are various laboratories and institutions in nascent stage in India, several opportunities exist India, who are investing in R&D related activities for for the Dutch stakeholders to partner with Indian composites and advanced materials. Defence companies, who have acquired an interest in this Research and Development Organization (DRDO) is area. the main organization responsible for all defence related R&D activities and Defence Mettalurgical
45 | Overview HTSM - april 2016
India | Composite Materials in India
Composite materials made of carbon and glass,
are making rapid inroads into the India’s traditional markets for building materials Airborne International, manufacturer of Conclusion composites (high performance fiber-rein- The activities for composites in India are forced plastics) in the Netherlands, delivers growing, especially with current govern- its advanced composite solutions to key ment’s recent impetus on indigenous players in the fields of aerospace, defence manufacturing. There are various opportu- and marine industries. As a preferred nities for Dutch stakeholders to collaborate supplier, Airborne develops, engineers, with Indian players who are looking to qualifies, produces and maintains compo- establish themselves in composites market. site products, for use under the most demanding conditions. The company is Source currently in discussion with an Indian 1. http://www.prnewswire.com/news-releases/ partner from Gujarat for a joint-venture. composite-materials-market-to-grow-at-1294-cagr- The Indian firm, which manufactures to-2020-566641241.html components for aerospace sector, wants to enter the industry of composites manufac- More information turing through this partnership. Akanksha Sharma Email: as@nost-india.org IA India