High Frequency Indicator: The dataset contains year- and month-wise compiled data from the year 2004-05 to till date on the growth index of eight core industries (ICI) of India from the base years 2004-05 and 2011-12. The eight core industries of India are Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity

The dataset contains All India Yearly Growth Rates of Index Numbers of Core Industries from Handbook of Statistics on Indian Economy.

Note: 1. Weight represents weight in Index Number of Industrial Production. 2. Refinery Products’ yearly growth rate of 2012-13 is not comparable with other years on account of inclusion of RIL (SEZ) production data since April, 2012. 3. Refinery Products has 93 percent of the crude throughout.

During the financial year 2022, cement industry showed the highest growth rate of 26.1 percent among other core infrastructure-supportive industries in India. However, the crude oil industry experienced a negative production rate of -2.6 percent.

Industrial Production in India increased 1.20 percent in May of 2025 over the same month in the previous year. This dataset provides - India Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The global sales of paper core market are estimated to be worth USD 1.446 billion in 2025 and anticipated to reach a value of USD 2.333 billion by 2035. Sales are projected to rise at a CAGR of 4.9% over the forecast period between 2025 and 2035. The revenue generated by paper core market in 2024 was USD 1,396.8 million. The industry is anticipated to exhibit a Y-o-Y growth of 4.7% in 2025.

Metric	Value
Industry Size (2025E)	USD 1.446 billion
Industry Value (2035F)	USD 2.333 billion
CAGR (2025 to 2035)	4.9%

Semi-Annual Market Update

Particular	Value CAGR
H1	5.4% (2024 to 2034)
H2	4.4% (2024 to 2034)
H1	5.6% (2025 to 2035)
H2	4.2% (2025 to 2035)

Country-wise Insights

Countries	Value CAGR (2025 to 2035)
USA	3.9%
Canada	3.4%
Brazil	3.8%
Argentina	4.1%
Germany	3.6%
China	5.7%
India	6.2%

Category-wise Insights

Diameter Type	Value Share (2025)
230 mm and above	35.7%

Application Type	Value Share (2025)
Winding & Rewinding	37.8%

Index of Infrastructure Output data for the 8 core industries in India - coal, crude oil, natural gas, petroleum, fertilizers, steel, cement, and electricity.

Fiscal year 2023 saw a growth in India's coal production by **** percent. Preliminary figures for fiscal year 2024 indicate a significant growth in the country's coal production at above ** percent. Coal is one of the eight core industries of the country.

The change rate of steel production was approximately *** percent in fiscal year 2025. It was an increase from the previous year's **** percent. The steel industry was one of the eight core industries of the country.

Electric Motor Core Market Outlook

The global electric motor core market size was valued at approximately USD 16.5 billion in 2023, and it is projected to reach around USD 28.9 billion by 2032, growing at a CAGR of 6.4% during the forecast period. The market's growth is driven by the increasing demand for energy-efficient motors and the rising adoption of electric vehicles globally.

The need for energy efficiency across various sectors, including automotive, industrial, and commercial, is a significant growth factor for the electric motor core market. Governments and regulatory bodies worldwide are implementing stringent energy efficiency standards and policies, pushing manufacturers to develop motors that consume less power while maintaining high performance. This trend is particularly evident in the automotive industry, where the push towards electric vehicles (EVs) is creating unprecedented demand for efficient motor cores. Additionally, advancements in materials and manufacturing technologies are enabling the production of more efficient and durable motor cores, further fueling market growth.

Another crucial growth driver is the rapid industrialization and urbanization in emerging economies, particularly in the Asia Pacific region. Countries like China and India are witnessing a surge in industrial activities, leading to increased demand for various motor-driven equipment. The urban population's rising disposable income and the expanding middle class are also propelling the demand for residential and commercial appliances, which rely heavily on electric motors. Consequently, the electric motor core market is experiencing significant growth in these regions, driven by both industrial and consumer needs.

Technological advancements in electric motor design and materials are also contributing to market growth. Innovations such as the development of high-performance laminated steel and powdered metal cores are enhancing the efficiency and performance of electric motors. These advancements are particularly crucial in applications requiring high precision and reliability, such as aerospace and high-performance industrial applications. Furthermore, the integration of smart technologies and IoT in electric motors is revolutionizing their use in various applications, providing real-time monitoring and control, which in turn drives the demand for advanced motor cores.

The development of Cogging Free Coreless Motor technology is a significant advancement in the electric motor industry. These motors are designed to eliminate the cogging torque, which is the jerky motion that can occur in traditional motors due to the interaction between the permanent magnets and the stator. By removing the iron core, coreless motors reduce this effect, resulting in smoother operation and improved efficiency. This makes them particularly suitable for applications requiring precise control and high performance, such as robotics and medical devices. The demand for cogging free coreless motors is expected to grow as industries seek more efficient and reliable motor solutions.

The regional outlook for the electric motor core market indicates a strong growth trajectory in the Asia Pacific region, driven by factors such as rapid industrial growth, increasing investments in electric vehicle infrastructure, and supportive government policies. North America and Europe also present significant growth opportunities, primarily due to the rising adoption of energy-efficient appliances and the growing emphasis on reducing carbon footprints. In contrast, regions like Latin America and the Middle East & Africa are expected to witness moderate growth, supported by industrialization and infrastructure development initiatives.

Type Analysis

The electric motor core market by type can be segmented into laminated steel cores, solid steel cores, and powdered metal cores. Laminated steel cores dominate the market due to their widespread use in various applications and their superior efficiency. These cores are made by stacking thin steel sheets, which minimize eddy current losses and enhance the overall efficiency of the motor. The automotive and industrial sectors are the primary consumers of laminated steel cores, driven by the need for high-efficiency motors. Additionally, advancements in lamination technology are further boosting the demand for these cores, as they offer better performance and durability.

Solid steel cores, though

The preliminary figures for fiscal year 2024 indicate that India's crude oil production increased for the first time in the last 10 years by *** percent. Crude oil was one of the eight core industries of the country during the same year.

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Tubes And Cores Market Size 2025-2029

The tubes and cores market size is forecast to increase by USD 3.55 billion at a CAGR of 7.1% between 2024 and 2029. The market is experiencing significant growth, driven by the increasing demand for transparent barrier films in various industries such as food and beverage, pharmaceuticals, and electronics.

Major Market Trends & Insights

North America dominated the market and accounted for a 39% share in 2023.
The market is expected to grow significantly in Europe region as well over the forecast period.
Based on the End-user, the paper industry segment led the market and was valued at USD 3.11 billion of the global revenue in 2023.
Based on the Material, the paper segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 8.67 Billion
Future Opportunities: USD 3.55 Billion
CAGR (2024-2029): 7.1%
North America: Largest market in 2023

The market encompasses various components essential to electrical systems, including heat dissipation solutions, power handling capacitors, and shock-resistant cores. Key market trends include advancements in core geometry, magnetic field strength, and voltage rating. Quality assurance and vibration resistance are critical factors, as is the integration of big data, manufacturing expertise, and machine learning for predictive analytics. Engineering services, custom design, and technical support are also important, along with distribution networks and magnetic shielding for optimal performance. Cost analysis, environmental resistance, and moisture resistance are also crucial considerations in this dynamic market.

What will be the Size of the Tubes And Cores Market during the forecast period?

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Additionally, core stacking, flux density, and frequency response are essential factors, with lean manufacturing and EMI/RFI suppression techniques increasingly adopted for mass production. Product design and lifecycle management are also key elements driving market growth. The textile industry segment is the second largest segment and was valued at USD 2.96 billion in 2023. 

This trend is particularly evident in regions with a high consumer focus, where the demand for superior product packaging is on the rise. Additionally, emerging waste reduction techniques in tubes and cores manufacturing are gaining traction, as companies seek to minimize their environmental footprint and reduce production costs. However, the high price of kraft papers, a key raw material in tube and core production, poses a significant challenge for market growth.

To capitalize on opportunities and navigate these challenges effectively, companies in the market must focus on innovation, cost optimization, and sustainable manufacturing practices. By staying abreast of market trends and consumer demands, they can differentiate themselves and maintain a competitive edge in this dynamic market.

How is this Tubes And Cores Industry segmented?

The tubes and cores industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Paper industry
  Textile industry
  Others


Material

  Paper
  Plastic


Product Type

  Spiral Wound
  Parallel Wound
  Spiral Wound
  Parallel Wound


Shape

  Cylindrical
  Square
  Oval
  Hexagonal
  Triangular
  Others
  Cylindrical
  Square
  Oval
  Hexagonal
  Triangular
  Others


Geography

  North America

    US
    Canada


  Europe

    Germany
    Russia
    UK


  Middle East and Africa



  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By End-user Insights

The paper industry segment is estimated to witness significant growth during the forecast period. The segment was valued at USD 3.11 billion in 2023. It continued to the largest segment at a CAGR of 6.78%.

In the realm of manufacturing, magnetic cores and related components play a pivotal role in various industries, including coil winding for transformer manufacturing, efficiency optimization, wire winding, and core assembly in consumer electronics. Toroidal cores and high power applications utilize powder cores and ferrite cores, respectively, while industrial automation relies on advanced materials for coil winding machines and amorphous metals for lightweight design and design optimization. Cost reduction and material science are key considerations in power electronics, where laminated cores and temperature stability are essential for product development. Magnetic permeability, electromagnetic modeling, and finite element analysis are crucial for electronic components, ensuring material properties meet safety regulations and minimize core loss.

Moto

Composite Core Material Market Outlook

The global Composite Core Material market is projected to expand significantly, with the market size expected to grow from USD 1.9 billion in 2023 to an estimated USD 3.4 billion by 2032. This growth reflects a compound annual growth rate (CAGR) of 6.7% during the forecast period. The driving factors for this market include increased demand for lightweight and high-strength materials across various industries, advancements in composite technologies, and stringent environmental regulations demanding sustainable and efficient materials.

The growing emphasis on reducing carbon emissions and enhancing fuel efficiency in the aerospace and automotive industries is a crucial growth driver for the composite core material market. Composite core materials like foam, honeycomb, and balsa are increasingly used due to their lightweight properties, offering significant weight reductions without compromising strength or performance. This trend is further supported by advancements in manufacturing technologies, which allow for more cost-effective and efficient production processes, making these materials more accessible to a broader range of industries.

In the wind energy sector, the push for renewable energy sources is another significant growth factor. Composite core materials are essential in manufacturing wind turbine blades, providing the necessary strength and durability while keeping the structures lightweight. As countries worldwide continue to invest in renewable energy infrastructure to meet environmental goals, the demand for these materials is expected to surge. Furthermore, the marine industry is also adopting composite core materials to construct lightweight, durable vessels that offer improved fuel efficiency and performance.

The construction industry's adoption of composite core materials is also contributing to market growth. These materials are being used in various structural applications to create buildings and infrastructure that are not only stronger and more durable but also more sustainable. The trend towards green building practices and sustainable construction materials is driving the demand for composites, as they offer an excellent strength-to-weight ratio and can be produced with lower environmental impact compared to traditional materials.

Regionally, North America and Europe are the leading markets for composite core materials, driven by the presence of major aerospace, automotive, and wind energy industries. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, owing to rapid industrialization, increasing investments in renewable energy projects, and expanding aerospace and automotive sectors in countries like China and India. The Middle East & Africa and Latin America are also showing promising growth potential, driven by infrastructural developments and the growing adoption of advanced materials.

Product Type Analysis

Foam Analysis

Foam core materials are widely used in various industries due to their excellent mechanical properties, lightweight nature, and ease of fabrication. The demand for foam core materials is particularly high in the aerospace, automotive, and construction sectors. In aerospace, foam cores are used in the production of aircraft interiors, floor panels, and control surfaces due to their high strength-to-weight ratio, which contributes to overall weight reduction and improved fuel efficiency. The automotive industry also leverages foam cores for lightweighting applications, which help enhance vehicle performance and reduce emissions.

The construction industry utilizes foam core materials for structural insulation, sandwich panels, and other applications that require a high strength-to-weight ratio. The increasing trend towards sustainable and energy-efficient buildings further boosts the demand for foam cores, as they provide excellent thermal insulation properties and contribute to the overall sustainability of construction projects. Additionally, advancements in foam manufacturing technologies have led to the development of new foam materials with improved performance characteristics, further driving market growth.

In the wind energy sector, foam core materials are used in the construction of wind turbine blades, where their lightweight nature and high strength are critical for optimizing blade performance and efficiency. The growing investments in renewable energy projects, particularly in regions like Europe and Asia Pacific, are expecte

Key information about India Industrial Production Index Growth

• India Industrial production rose 5.0 % YoY in Jan 2025, following an increase of 3.5 % YoY in the previous month.
• India Industrial production index growth rate YoY data is updated monthly, available from Apr 2006 to Jan 2025, with an average rate of 4.4 %.
• The data reached an all-time high of 133.5 % in Apr 2021 and a record low of -57.3 % in Apr 2020.

CEIC calculates Industrial Production Index Growth from monthly Industrial Production Index. Ministry of Statistics and Programme Implementation provides Industrial Production Index with base 2011-2012=100. Industrial Production Index covers Mining, Manufacturing and Electricity sectors. Industrial Production Index Growth prior April 2013 is calculated from Industrial Production Index with base 2004-2005=100.

The Indian energy sector encompasses conventional sources such as coal, natural gas, oil as well as unconventional sources including solar, hydro and bio-waste. The south Asian country ranks third worldwide for primary energy consumption after China and the United States. The gigantic energy consumption could very likely have been the cause of increased demand that was reflected in the volume of crude oil imports across the country, which was approximated to be around ****** million metric tons during financial year 2024. The sectorThe oil and gas sector in the country is one of the eight core industries present and is a major influence on the other sectors that contribute to the economy as well. Increased demand needs to be met with sufficient supply. The refinery capacity of crude oil has been increasing over the years. The tug of war with the crude oil prices in the country also seems to be edging in favor of higher prices. The annual growth rate in the average price of crude oil was ** percent lower in financial year 2021 compared with the previous year. Low on fuelThe depleting fossil fuel reserves have not helped the population in terms of prices of oil products. The production volume of onshore crude oil has declined gradually over the years. However, the climate agreements of Copenhagen and Paris might result in increased investments and clean energy installations, providing a possible solution for India’s deficiency in fuel sources.

The tube and core market size is likely to attain USD 3.7 billion in worth in 2024. Between 2024 and 2034, the sales of tubes and cores are predicted to advance at a 5.0% CAGR. Tube and core revenues are expected to surge to USD 5.9 billion by 2034.

Attributes	Details
Estimated Tube and Core Market Value for 2024	USD 3.7 billion
Forecasted Market Value by 2034	USD 5.9 billion
Projected Market CAGR from 2024 to 2034	5.0%

Mapping the Landscape of Tube and Core Sector

Attributes	Details
Market Value for 2019	USD 2.9 billion
Market Value for 2023	USD 3.5 billion
Market CAGR from 2019 to 2023	3.1%

Category-wise Outlook

Leading Segment	Paperboard
Segment Share (2024)	60.2%

Leading Segment	Textile Industry
Segment Share (2024)	25.7%

Country-wise Analysis

Countries	Forecasted CAGR (2024 to 2034)
China	6.8%
Thailand	6.2%
India	6.1%
South Korea	5.2%
Japan	4.0%

Countries	Forecasted CAGR (2024 to 2034)
United Kingdom	5.2%
France	4.5%
Italy	4.2%
Spain	3.5%
Germany	3.3%

Countries	Forecasted CAGR (2024 to 2034)
Canada	5.1%
United States	3.5%

Preliminary figures for fiscal year 2024 indicate a decrease in India's growth of production of refinery products. A major drop in this figure was seen in fiscal year 2021 due to the COVID-19 pandemic. Refinery products are one of the ***** core industries of the country.

The global diamond core drilling market is poised for steady growth, with its industry value expected to rise from USD 2.3 billion in 2025 to USD 4 billion by 2035. This represents a CAGR of 5.7% over the forecast period.

Metric	Value
Industry Size (2025)	USD 2.3 billion
Industry Value (2035)	USD 4 billion
CAGR (2025 to 2035)	5.7%

Analyzing Top Countries Supplying Diamond Core Drilling Equipment

Countries	CAGR (2025 to 2035)
United States	5%
United Kingdom	6.8%
China	7.5%
India	8%
Brazil	6.5%

Metallurgical Alloy Core Wire Market Outlook

The global metallurgical alloy core wire market size was valued at $2.5 billion in 2023 and is projected to reach $4.2 billion by 2032, demonstrating a compound annual growth rate (CAGR) of 5.6% over the forecast period. This market has been experiencing substantial growth, driven by the increasing demand for high-quality steel and foundry products across various industrial sectors, including automotive, construction, and aerospace. The market's robust growth is further supported by technological advancements and the growing adoption of core wire technologies in emerging economies.

The surge in demand for steelmaking and foundry applications is a primary growth driver for the metallurgical alloy core wire market. As industries such as automotive and construction continue to expand globally, the need for high-quality steel becomes more critical. Metallurgical alloy core wires play a significant role in refining the composition and improving the properties of steel, such as its tensile strength and resistance to corrosion. With the global construction industry projected to grow at a steady pace, the demand for advanced steel products is expected to remain strong, thereby boosting the market for core wires.

Technological advancements in metallurgy have led to the development of more efficient and effective core wire products, which is another key factor driving market growth. Innovations in core wire compositions and manufacturing processes have enabled the production of wires that offer superior performance in steelmaking and foundry applications. These advancements have made it possible to achieve better control over the chemical properties of steel, resulting in improved product quality and reduced production costs. As manufacturers continue to invest in research and development, the market is likely to witness further enhancements in core wire technologies.

Government regulations aimed at reducing carbon emissions and promoting sustainable practices in the steel industry are also contributing to the growth of the metallurgical alloy core wire market. Many countries have implemented stringent environmental regulations that require steel manufacturers to adopt cleaner production methods. Core wire technologies help in achieving these goals by enabling more efficient melting and refining processes, which reduce energy consumption and emissions. As environmental regulations become more stringent, the adoption of core wire technologies is expected to increase, further driving market growth.

From a regional perspective, the Asia Pacific region dominates the metallurgical alloy core wire market, accounting for the largest share of global demand. The region's strong industrial base, particularly in countries like China and India, is a significant factor contributing to this dominance. North America and Europe also hold substantial market shares, driven by the presence of well-established automotive and construction industries. In contrast, the markets in Latin America and the Middle East & Africa are expected to grow at a moderate pace, supported by ongoing industrialization and infrastructure development initiatives.

Product Type Analysis

The metallurgical alloy core wire market is segmented by product type into Calcium Silicon Cored Wire, Calcium Solid Cored Wire, Pure Calcium Cored Wire, Ferro Calcium Cored Wire, and Others. Each of these product types plays a crucial role in various steelmaking and foundry applications, offering unique benefits and characteristics.

Calcium Silicon Cored Wires are widely used in the steelmaking industry because of their ability to improve the quality of steel. These wires help in deoxidizing and desulfurizing steel, resulting in a cleaner end product with better mechanical properties. The demand for Calcium Silicon Cored Wires is particularly high in regions with a strong steel manufacturing base, such as Asia Pacific and Europe. The continuous development of new grades of steel that require precise control over their chemical composition is expected to drive the demand for these wires.

Calcium Solid Cored Wires are another important segment in the metallurgical alloy core wire market. These wires are primarily used for the deoxidation of steel and the removal of impurities, such as sulfur and oxygen. The use of Calcium Solid Cored Wires results in improved steel cleanliness and better mechanical properties, making them essential in high-quality steel production. The growing emphasis on producing high-strength steels for automotive and

Inflation Rate in India decreased to 2.10 percent in June from 2.82 percent in May of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Snapshot img

India IT and BPO Services Market Size 2025-2029

The India IT and BPO services market size is forecast to increase by USD 214.8 billion, at a CAGR of 12.3% between 2024 and 2029.

The IT and BPO Services Market in India is segmented by end-user (finance, insurance, telecom, healthcare, others), type (export, domestic), product (IT services, BPM, software and research and development), outsourcing type (onshore, offshore, nearshore), deployment (on-premise, cloud), and geography (India). This segmentation reflects the market's robust growth, driven by strong demand for IT services and BPM in finance and healthcare sectors, significant export-oriented offshore outsourcing, and increasing adoption of cloud-based solutions across India.
The IT and BPO market in India is experiencing significant growth, driven by several key factors. One major trend is the increasing cost pressure for businesses to maintain their in-house IT systems. This has led to a rise in the adoption of IT and business process outsourcing as a cost-effective alternative. Another trend is the growing preference for application outsourcing, which enables companies to focus on their core competencies while outsourcing non-core functions.
However, effective communication between clients and companies remains a challenge. Despite this, the benefits of IT services and BPO services, such as cost savings, improved efficiency, and access to skilled resources, continue to attract businesses in various industries. As the market continues to evolve, it is essential for organizations to carefully evaluate their outsourcing strategies to maximize the value they derive from these services.

What will be the Size of the Market During the Forecast Period?

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The market continues to evolve, driven by the increasing adoption of artificial intelligence (AI) and the need for niche BPO services among businesses. Skilled labor, incentives such as tax breaks, and macroeconomic factors are key market dynamics. B2G, B2B, and B2C enterprises are increasingly turning to BPO services for technology spending optimization, particularly in areas like payroll, accounting, telemarketing, data processing, forms processing, running support, troubleshooting, problem resolution, software, hardware, peripherals, and up-selling. The ITES industry offers both horizontal services, catering to multiple industries, and vertical-specific services, addressing unique business requirements. AI technologies are transforming BPO services, enabling automation and improving efficiency, while internal resources and core competency remain crucial considerations for businesses.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Finance
  Insurance
  Telecom
  Healthcare
  Others


Type

  Export
  Domestic


Product

  IT services
  BPM
  Software and research and development


Outsourcing Type

  Onshore
  Offshore
  Nearshore


Deployment

  On premise
  Cloud


Geography

  India

By End-user Insights

The finance segment is estimated to witness significant growth during the forecast period. The market, particularly in the finance sector, experiences significant growth due to the increasing number of banking and financial institutions. These organizations rely on IT services for managed IT infrastructure management and BPO services for customer support and sales, enabling them to concentrate on their core operations. Global finance institutions increasingly depend on India for their IT and BPO requirements, contributing to the market's expansion. Key areas of focus include data security, ERP systems, personalized services, data processing, forms processing, running support, troubleshooting, and problem resolution. The market's growth is driven by the need for efficient and cost-effective services, ensuring data security, and addressing attrition rates within the ITES industry.

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India IT and BPO Services Market Dynamics

The India IT BPO services market is experiencing significant growth, driven by increasing demand for IT outsourcing India and comprehensive BPO services India. Businesses are prioritizing Digital Transformation India, leveraging advanced technologies like AI in Indian BPO and Cloud computing India to achieve operational excellence. The focus remains on delivering cost-effective BPO solutions India while addressing specific industry needs, particularly in Healthcare BPO India. Ensuring robust Cybersecurity India IT services is paramount. The strength of the Indian IT talent pool continues to be a