Stratview Research Partners with Indian Institution to Launch Composites Consulting Platform

en.Wedoany.com Reported - On September 15, Indian market research and consulting firm Stratview Research and the Link Institute of Composites Technology (LICT) announced a partnership to launch "Composights India," a composites industry consulting platform aimed at providing market research, technical support, and project implementation services to companies planning to enter or expand their composites business in India.

The platform will integrate Stratview Research's capabilities in market research, forecasting, and industry strategy with LICT's technical expertise in composites, manufacturing processes, testing, and engineering implementation. The service scope covers India market entry strategy, market research, marketing and branding, M&A advisory, project management, and procurement support, and can further assist companies in identifying composites market opportunities and driving related projects to fruition.

According to forecasts published by Stratview Research, the Indian composites market is expected to grow from approximately USD 1.2 billion currently to around USD 2 billion by 2030, representing a CAGR of approximately 8% during the period. Over the same period, India's carbon fiber demand is projected to more than double, with a CAGR of approximately 12.8%.

Currently, India's per capita composites consumption stands at approximately 0.51 kg, remaining at a relatively low level. As sectors such as automotive, transportation equipment, wind power, industrial equipment, and infrastructure expand the application of lightweight and high-performance materials, there remains further room for expansion across the composites production, processing, testing, engineering design, and equipment supply chains. The joint consulting platform established by the two parties combines market research with manufacturing technology services, focusing on providing companies preparing to enter India's composites industry chain with end-to-end support from market assessment to project implementation.