Raj Manek, executive director and board member of MesseFrankfurt Asia says, "While there is a great scope for the composites industry to cater to the global market, the most significant growth driver for the trade and technology of composites is the huge untapped potential of the domestic market, which will gain momentum through this platform.
The composites market is growing globally, fueled by the increasing use of these materials in wind energy, aerospace, automobile and defense applications. The Indian composites market is expected to reach $2 billion by 2021 with major industry growth drivers being government projects like smart cities development, sanitation and water infrastructure development projects and renewable energy projects.
The combination of World of Composites and Techtextil India will offer opportunity for exploring new business ventures with such manufacturing sectors as automobile, wind energy, aerospace and defense, construction, marine, electrical and electronics. Techtextil India 2019 will be held November 20-22, 2019 at the Bombay Exhibition Centre in Mumbai, India.