The India Carbon Fiber Reinforced Composite (CFRP) Market was valued at USD 245.9 million in 2024 and is projected to reach USD 489.3 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 12.3% during the forecast period (2024–2032). This expansion is being fueled by India’s booming aerospace and defense sectors, accelerating adoption in renewable energy applications, and strong government support through initiatives like ‘Make in India’ and production-linked incentives for advanced materials.
As Indian industries increasingly seek high-performance, lightweight solutions, CFRP has become mission-critical across aerospace, automotive, and infrastructure sectors. In this analysis, we examine the Top 10 Companies shaping India’s CFRP landscape—a strategic combination of global material science leaders and rapidly growing domestic manufacturers advancing the country’s high-tech manufacturing capabilities.
🔟 1. Toray Industries Inc.
Headquarters: Tokyo, Japan
India Presence: Toray Industries India Pvt. Ltd., Chennai
Key Offering: TORAYCA® carbon fiber, prepregs, composite parts
Toray maintains its position as India’s leading CFRP supplier through its position as the world’s largest carbon fiber producer. Its Indian operations provide critical materials for defense projects like Tejas fighter jets and commercial aerospace programs.
Market Leadership:
- ₹500 crore facility expansion in Chennai (2023)
- Strategic technical partnership with DRDO for defense applications
- Automotive CFRP supply chain development underway
Download FREE Sample Report: India Carbon Fiber Reinforced Composite (CFRP) Market – Detailed Research Report
9️⃣ 2. Hexcel Corporation
Headquarters: Stamford, Connecticut, USA
India Operations: Technical center in Bengaluru
Key Products: HexTow® carbon fibers, woven fabrics, prepreg systems
Hexcel serves as a primary material supplier for India’s aerospace manufacturers, with long-term contracts for aircraft structures and propulsion systems. The company’s advanced materials are used across both military and commercial aviation programs.
Strategic Focus:
- $15M investment in Bengaluru technical center (2022)
- Localized product development for Indian market needs
- Academic partnerships for workforce training
8️⃣ 3. Teijin Limited
Headquarters: Osaka, Japan
India Presence: Technical support office in Mumbai
Core Solutions: Tenax® carbon fibers, thermoplastic composites
Teijin brings innovative thermoplastic CFRP technologies to India’s automotive and industrial sectors. The company is actively collaborating with Indian EV makers on battery enclosures and structural components.
Key Developments:
- Local production of carbon fiber reinforced thermoplastics
- Strategic partnership with Tata Advanced Materials
- Focus on sustainable, recyclable CFRP solutions
Download FREE Sample Report: India Carbon Fiber Reinforced Composite (CFRP) Market – Detailed Research Report
7️⃣ 4. SGL Carbon
Headquarters: Wiesbaden, Germany
India Operations: Technical sales office in Mumbai
Product Portfolio: SIGRAFIL® carbon fibers, custom composite solutions
SGL Carbon specializes in CFRP solutions for India’s growing wind energy and infrastructure sectors. The company recently supplied materials for record-length wind turbine blades manufactured by Indian producers.
Business Initiatives:
- Collaboration with Suzlon on wind blade innovations
- Demonstration projects for CFRP in civil infrastructure
- Expanded local technical support capabilities
6️⃣ 5. Solvay SA
Headquarters: Brussels, Belgium
India Investments: Technical center in Pune
Key Offerings: Composite resins, prepreg systems, structural adhesives
Solvay provides critical enabling materials for India’s CFRP value chain, particularly for aerospace applications. The company’s advanced epoxy systems are certified by major aircraft manufacturers with Indian supply chains.
Recent Advancements:
- Local production of aerospace-grade resin systems
- Technical support program for MSME composite manufacturers
- Sustainable materials development initiative
5️⃣ 6. Mitsubishi Chemical Carbon Fiber and Composites
Headquarters: Tokyo, Japan
India Presence: Mumbai regional office
Technical Solutions: Pyrofil® carbon fibers, intermediate materials
MCCFC focuses on enabling CFRP adoption in India’s automotive sector through materials optimized for high-volume production. The company is actively involved in EV battery enclosure development programs.
Market Activities:
- Technical workshops for Indian automotive OEMs
- Supply chain development programs
- Local inventory management solutions
Download FREE Sample Report: India Carbon Fiber Reinforced Composite (CFRP) Market – Detailed Research Report
4️⃣ 7. Kemrock Industries and Exports Ltd.
Headquarters: Vadodara, India
Market Position: Leading domestic CFRP manufacturer
Core Competencies: Custom CFRP components, pultruded profiles
Kemrock represents India’s indigenous CFRP capabilities with proprietary manufacturing processes. The company serves defense, aerospace, and industrial sectors with customized solutions.
Differentiators:
- DRDO-approved manufacturing facility
- Expanding capacity for wind energy applications
- Cost-competitive alternatives to imports
3️⃣ 8. Cytec Industries (Solvay Subsidiary)
Headquarters: Woodland Park, New Jersey, USA
India Focus: Aerospace composite materials
Technical Offerings: PREGRESS® prepregs, adhesive systems
Cytec supplies advanced aerospace materials to India’s growing MRO and OEM sectors. The company’s products hold certifications across major commercial and military aircraft platforms.
Local Capabilities:
- Dedicated technical support team
- Collaborative R&D with Indian aerospace firms
- Inventory management solutions
2️⃣ 9. Hindustan Composites Ltd.
Headquarters: Mumbai, India
Specialization: Defense and industrial composites
Key Products: Custom CFRP molding, structural components
This public sector enterprise plays a vital role in India’s defense composites ecosystem. HCL has developed indigenous CFRP solutions for missile systems, radomes, and armored vehicles.
Strategic Investments:
- Modernization of production facilities
- Technical training programs with ITIs
- Import substitution initiatives
Download FREE Sample Report:
