India synthetic fiber market was valued at USD12367.35 million in 2022 and is expected to register a CAGR of 6.87% over the forecast period. This can be ascribed to the growing popularity of synthetic textiles around the world, as the textile and clothing industry shifts away from cotton and toward synthetics due to low costs, a demand-supply gap in cotton, and the variety of design penetration.
The Important Elements of India Synthetic Fiber Market
During the forecast period, the market is expected to grow owing to rising consumer demand for cost-effective, durable, easy-to-wash, and maintain materials, and increasing demand for clothing and apparel due to the changing fashion trends across the country is likely to drive the market growth. Furthermore, product application in a variety of industries, including textiles, home furnishings, automotive, filtration, and others, is likely to drive significant market expansion.
The unique properties exhibited by the products derived from synthetic fibers, such as mechanical stretching, water-repellant, and resistance to stain, sunlight, & oil, are estimated to bolster the demand over the forecast period. The market is strongly reliant on demand and shifting customer preferences, particularly in the apparel and home furnishings industries. During the forecast period, the rising usage of strong and durable fabric for various land and air adventure sports applications requiring parachutes and ropes is likely to boost the market growth. Recycling and advanced technology approaches are being used by most industry players.
It involves the use of antimicrobial composites made from recycled secondary raw materials derived from synthetic textile fiber waste. As a result of growing environmental and health concerns around the world, this trend is likely to continue during the projection period.
Polyester Fibers are being more widely used in a variety of applications
The characteristics associated with polyester fibers, such as low cost, high strength and elasticity, and recyclability, make them a popular choice in heavy-duty industrial applications, such as conveyor belts and vehicle tire reinforcements, which are driving the market for synthetic fibers. Automobile carpets, seat textiles, side, roof, floor, and door panels, safety belts, tires, airbags, air filters, fuel filters, and insulating materials all use these fibers. Furthermore, these fibers are used to make bedspreads, sheets, cushions, carpets, and curtains, as well as other clothing and home furnishings.
Synthetic fibers are in more demand than natural fibers
A prominent trend in the synthetic fibers industry is the rising demand for synthetic fibers over natural fibers. The abundant availability, cost-effectiveness, and broader area of application of synthetic fibers in various industries are driving this trend. Natural fiber manufacturing is dependent on agricultural produce availability and ideal temperatures, both of which are inconsistent owing to global warming. Synthetic fabrics, on the other hand, are manufactured from non-renewable resources and can be recycled.
Demand from various sectors
Consumers’ disposable income is rising, their lifestyles are improving, and there is a larger desire for cost-effective and easy-to-maintain materials, which is driving the India synthetic fibers market. Synthetic fiber usage is rising owing to urbanization and increased demand from the automotive and furnishing industries. Synthetic fibers are increasingly being used to make upholstery, blankets, carpets, and wall coverings. The growing adoption of Western culture in emerging nations, as well as rapidly shifting fashion trends, have an impact on the industry. Synthetic materials are being used more frequently in the automotive industry. Increased demand for passenger vehicles, increased vehicle modernization, and increased penetration of luxury automobiles all contribute to the market’s growth.
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Market Segmentation
The India synthetic fiber market is segmented based on type, application, region, and country. Based on type, the market can be divided into polyester staple fiber, acrylic staple fiber, polypropylene staple fiber, polyester filament yarn, polypropylene filament yarn, viscose staple fiber, viscose filament yarn, and nylon filament yarn. Polyester filament yarn dominated the market in terms of type, owing to an increase in demand from diverse applications in apparel, automotive, and home furnishings, as well as expanding population, changing lifestyles, economic expansion, and rising per capita income. Based on end-use, the market is segmented into apparel, home furnishing, industrial textiles, healthcare, automotive, and others.
Company Profiles
Reliance Industries Limited, Indo Rama Synthetics (India) Limited, Shubhalakshmi polyesters ltd, Bombay Dyeing & Manufacturing Company Limited, Garden Silk Mills Ltd, Chenraj & Sons, Khosla Profil Pvt Ltd, Rohhri Enterprises LLP, Ansh Koyal Industries, and Walter Enterprises are among the major market players in the India synthetic fiber market.
| Attribute | Details |
| Market size value in 2022 | USD 12367.35 Million |
| Revenue Forecast in 2028 | USD 19563.35 Million |
| Growth Rate | 6.87% |
| Base Year | 2028 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Application
· Type · Region |
| Key Companies Profiled | Reliance Industries Limited, Indo Rama Synthetics (India) Limited, Shubhalakshmi polyesters ltd, Bombay Dyeing & Manufacturing Company Limited, and Garden Silk Mills Ltd |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional, & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Report Scope:
In this report, India synthetic fiber market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- India Synthetic Fiber Market, By Type:
- Polyester Staple Fiber
- Acrylic Staple Fiber
- Polypropylene Staple Fiber
- Polyester Filament Yarn
- Polypropylene Filament Yarn
- Viscose Staple Fiber
- Viscose Filament Yarn
- Nylon Filament Yarn
- India Synthetic Fiber Market, By End-Use:
- Apparel
- Home Furnishing
- Industrial Textiles
- Healthcare
- Automotive
- Others
- India Synthetic Fiber Market, By Region:
- West
- South
- North
- East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India synthetic fiber market
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Table of Content
1. Product Overview
- Research Methodology
- Executive Summary
- Impact of COVID-19 on India Synthetic Fiber Market
- Voice of Customer
- India Synthetic Fiber Market Outlook, 2018-2028F
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type (Polyester Staple Fiber, Acrylic Staple Fiber, Polypropylene Staple Fiber, Polyester Filament Yarn, Polypropylene Filament Yarn, Viscose Staple Fiber, Viscose Filament Yarn, and Nylon Filament Yarn)
6.2.2. By Application (Apparel, Home Furnishing, Industrial Textiles, Healthcare, Automotive, Others)
6.2.3. By Region
6.2.4. By Company
- India Polyester Staple Fiber Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Application
7.2.2. By Region
- India Acrylic Staple Fiber Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Application
8.2.2. By Region
- India Polypropylene Staple Fiber Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Application
9.2.2. By Region
- India Polyester Filament Yarn Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Application
10.2.2. By Region
- India Polypropylene Filament Yarn Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Application
11.2.2. By Region
- India Viscose Staple Fiber Market Outlook
12.1. Market Size & Forecast
12.1.1. By Value & Volume
12.2. Market Share & Forecast
12.2.1. By Application
12.2.2. By Region
- India Viscose Filament Yarn Market Outlook
13.1. Market Size & Forecast
13.1.1. By Value & Volume
13.2. Market Share & Forecast
13.2.1. By Application
13.2.2. By Region
- India Nylon Filament Yarn Market Outlook
14.1. Market Size & Forecast
14.1.1. By Value & Volume
14.2. Market Share & Forecast
14.2.1. By Application
14.2.2. By Region
- Market Dynamics
15.1. Drivers
15.2. Challenges
- Market Trends & Developments
- Policy & Regulatory Landscape
- India Economic Profile
- Competitive Landscape
19.1. Reliance Industries Ltd.
19.2. Indo Rama Synthetic
19.3. Shubhalakshmi Polyesters Ltd.
19.4. Bombay Dyeing Ltd.
19.5. Garden Silk Mills Ltd
19.6. Grasim Industries Ltd.
19.7. Pasupati Acrylon Ltd.
19.8. Sanathan Textile Pvt. Ltd.
19.9. Bhilosa Industries Pvt. Ltd.
19.10. Sumit Industries Ltd.
- Strategic Recommendations
- About us & Disclaimer
