India Synthetic Fiber Market – Analysis, Industry Size & Share

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.

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

2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on India Synthetic Fiber Market
5. Voice of Customer
6. 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

7. 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

8. 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

9. 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

10. 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

11. 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

12. 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

13. 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

14. 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

15. Market Dynamics

15.1.            Drivers

15.2.            Challenges

16. Market Trends & Developments
17. Policy & Regulatory Landscape
18. India Economic Profile
19. 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.

20. Strategic Recommendations
21. About us & Disclaimer