India Carbon Thermoplastic Composites Market Size & Outlook
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India carbon thermoplastic composites market highlights
- The India carbon thermoplastic composites market generated a revenue of USD 301.9 million in 2025 and is expected to reach USD 702.0 million by 2033.
- The India market is expected to grow at a CAGR of 11.3% from 2026 to 2033.
- In terms of segment, pan was the largest revenue generating raw material in 2025.
- PAN is the most lucrative raw material segment registering the fastest growth during the forecast period.
Carbon thermoplastic composites market data book summary
| Market revenue in 2025 | USD 301.9 million |
| Market revenue in 2033 | USD 702.0 million |
| Growth rate | 11.3% (CAGR from 2026 to 2033) |
| Largest segment | Pan |
| Fastest growing segment | PAN |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PAN, Pitch |
| Key market players worldwide | DowAksa, Solvay SA, Toray Industries Inc, SGL Carbon SE, Hexcel Corp, Teijin Ltd, Mitsubishi Chemical Group Corp, Gurit, Plasan Carbon Composites |
Other key industry trends
- In terms of revenue, India accounted for 4.2% of the global carbon thermoplastic composites market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China carbon thermoplastic composites market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 702.0 million by 2033.
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Carbon Thermoplastic Composites Market Scope
Carbon Thermoplastic Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SGL Carbon SE | View profile | 4753 | Sohnleinstrasse 8, Wiesbaden, Germany, 65201 | https://www.sglcarbon.com |
| Plasan Carbon Composites | View profile | 501-1000 | Walker, Michigan, United States, North America | http://www.PlasanCarbon.com |
| DowAksa | View profile | 101-250 | Istanbul, Istanbul, Turkey, Europe | http://www.dowaksa.com/ |
| Mitsubishi Chemical Group Corp | View profile | 74632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | https://www.mcgc.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| Gurit | View profile | 5001-10000 | Zürich, Zurich, Switzerland, Europe | http://www.gurit.com/ |
| Hexcel Corp | View profile | 5590 | 281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, United States, 06901 | https://www.hexcel.com |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
India carbon thermoplastic composites market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carbon thermoplastic composites market will help companies and investors design strategic landscapes.
Pan was the largest segment with a revenue share of 106.82% in 2025. Horizon Databook has segmented the India carbon thermoplastic composites market based on pan, pitch covering the revenue growth of each sub-segment from 2021 to 2033.
Several factors drive the growth of India's carbon thermoplastic composites market. A key influence is the increasing emphasis on sustainability and recycling initiatives, such as the innovation of recycling carbon fibers into thermoplastic composites, which reduces waste and production costs, particularly benefiting industries such as automotive and aerospace.
In addition, the Indian government's focus on clean energy, infrastructure development, and support for electric vehicles (EVs) and renewable energy drives demand for advanced materials such as carbon thermoplastic composites.
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Target buyers of India carbon thermoplastic composites market databook
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Our clientele includes a mix of carbon thermoplastic composites market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India carbon thermoplastic composites market , including forecasts for subscribers. This country databook contains high-level insights into India carbon thermoplastic composites market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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India carbon thermoplastic composites market size, by application, 2021-2033 (US$M)
India Carbon Thermoplastic Composites Market Outlook Share, 2025 & 2033 (US$M)
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