|
Forecast
Period
|
2026-2030
|
|
Market
Size (2024)
|
7.72 thousand Metric Tonnes
|
|
CAGR
(2025-2030)
|
3.76%
|
|
Fastest
Growing Segment
|
Clothing
|
|
Largest
Market
|
North
India
|
|
Market
Size (2030)
|
9.61 thousand Metric Tonnes
|
Market Overview
India Elastomeric Spandex
Filament Yarn Market achieved a total market volume of 7.72 thousand Metric
Tonnes in 2024 and is poised for strong growth in the forecast period to reach 9.61 thousand metric tonnes, with a
projected Compound Annual Growth Rate (CAGR) of 3.76% through 2030.
The textile industry is an integral part of India's
manufacturing sector and plays a pivotal role in the country's economy. Among
the various textile components, elastomeric spandex filament yarn has gained
significant importance due to its versatility and utility in a wide range of
textile applications.
India is one of the world's largest textile
producers and exporters, and its textile industry is continually expanding.
Elastomeric spandex filament yarn is an essential component in the textile
sector, used in the manufacturing of stretchable fabrics for garments,
sportswear, and intimate apparel. Spandex filament yarn offers exceptional stretch
and recovery properties, making it a preferred choice for clothing
manufacturers aiming to provide comfortable and well-fitting garments. With
consumers increasingly prioritizing comfort, demand for elastomeric yarn has
surged. The growing popularity of athletic and sportswear,
driven by a health-conscious population and increased interest in sports and
fitness, has led to a heightened demand for elastomeric spandex filament yarn.
These yarns are used in the production of compression garments, swimwear, and
activewear. The lingerie industry is thriving in India, and
elastomeric spandex filament yarn is a fundamental component in the production
of bras, panties, and shapewear. The desire for well-fitted, comfortable, and
aesthetically pleasing lingerie has boosted demand.
India is a significant player in the global fashion
industry, and the country's textile manufacturers often cater to international
markets. To align with global fashion trends, manufacturers require
high-quality elastomeric spandex filament yarn for their products. The Indian elastomeric spandex filament yarn market
is characterized by a combination of domestic production and imports. Domestic
manufacturers like Indorama Industries Limited, Reliance Industries Limited,
and AYM Syntex have expanded their production capacities to meet the rising
demand from the textile industry. India also imports elastomeric spandex filament
yarn, primarily from countries like China, Taiwan, and South Korea, to bridge
supply gaps, fulfill specific requirements, and cater to temporary shortages.
The production and usage of elastomeric spandex
filament yarn in India are subject to regulatory guidelines set by government
agencies such as the Ministry of Textiles and the Bureau of Indian Standards
(BIS). These regulations ensure that the quality, safety, and compliance
standards are met. Environmental regulations also come into play, as
the textile industry can have a significant ecological footprint. Sustainable
production practices and adherence to environmental standards are increasingly
emphasized. The competitive landscape of the Indian elastomeric
spandex filament yarn market is characterized by the presence of both domestic
and international players. Domestic manufacturers have a strong presence,
benefiting from their knowledge of local market dynamics, consumer preferences,
and adherence to regulatory norms. International companies, notably from China,
Taiwan, and South Korea, also actively participate in the Indian market. They
either export elastomeric spandex filament yarn directly or collaborate with
local distributors. This competition fosters innovation, quality enhancement,
and competitive pricing, ultimately benefiting textile manufacturers and
end-users.
The production of spandex filament yarn depends on
specific raw materials, and fluctuations in their prices can impact on
production costs. The textile industry is known for its environmental impact,
particularly concerning water usage and chemical waste. Sustainable practices
and minimizing ecological effects are key challenges. Maintaining consistent
quality and colorfastness in elastomeric spandex filament yarn is crucial for
its acceptance in the textile industry. With the increasing emphasis on sustainability,
there's a significant opportunity for the development and promotion of
sustainable production methods for elastomeric spandex filament yarn. As the textile industry evolves, there's ample room
for innovation in spandex filament yarn production, including the development
of new variants that meet specific industry needs. India's textile manufacturers are increasingly
exporting their products to international markets. This presents an opportunity
for elastomeric spandex filament yarn producers to cater to the global textile
industry's demand for high-quality, stretchable textiles.
Hence, the elastomeric spandex filament
yarn market in India is intertwined with the country's thriving textile
industry and its growing importance in the global fashion landscape. While
challenges such as raw material costs, environmental concerns, and quality
consistency need addressing, opportunities lie in sustainable production,
innovation, and global exports. As India continues to strengthen its position
as a global textile and fashion hub, elastomeric spandex filament yarn will
remain a critical component in ensuring the comfort, fit, and quality of
textiles in the domestic and international markets.
Key Market Drivers
Growing Demand from Apparel & Textile Industry
Propels Indian Elastomeric Spandex Filament Yarn Market Growth
The Indian elastomeric spandex filament yarn market
is experiencing significant growth, driven by the growing demand from the
apparel textile industry. Elastomeric spandex filament yarn, a highly elastic
and versatile material, has become a staple in the textile industry due to its
unique properties and its ability to meet the specific needs of the apparel
sector. As India's apparel textile industry continues to expand and diversify,
the demand for elastomeric spandex filament yarn is on the rise, providing the
industry with a reliable and cost-effective solution.
Elastomeric spandex filament yarn is known for its
exceptional elasticity, which allows it to stretch and recover, making it a
perfect choice for garments that require flexibility and comfort. In the
apparel sector, it is widely used in the production of activewear, sportswear,
swimwear, lingerie, hosiery, and other stretchable textiles. The stretch and
recovery properties of elastomeric spandex filament yarn ensure that these
garments fit comfortably, move with the body, and retain their shape even after
repeated wear and washing. The apparel textile industry in India is a vital
segment of the country's textile sector, producing a wide variety of products
that cater to both domestic and international markets. India is known for its
clothing manufacturing capabilities, ranging from traditional garments like
sarees and kurta to modern fashion items like athleisure and sportswear. The
use of elastomeric spandex filament yarn allows Indian manufacturers to meet
the growing demand for comfortable, flexible, and form-fitting clothing. One of the key applications of elastomeric spandex
filament yarn is in the production of swimwear. Swimwear requires materials
that can withstand exposure to water, salt, and chlorine while providing a
comfortable fit. Elastomeric spandex filament yarn is a preferred choice due to
its stretchability and resistance to damage from water and chemicals, making it
an essential component for swimwear manufacturing.
In addition to swimwear, elastomeric spandex
filament yarn is widely used in the production of activewear and sportswear.
The apparel industry has seen a surge in demand for these products as consumers
become more health-conscious and active. Elastomeric spandex filament yarn
provides the necessary stretch and support for activewear and sportswear,
making it an indispensable component in these segments of the apparel textile
industry. The growing demand from the apparel textile
industry has led to investments in expanding production capacities and
enhancing the quality of elastomeric spandex filament yarn. Ensuring a reliable
and consistent supply of high-quality yarn is essential for manufacturers in
this sector who rely on these materials to create comfortable and
high-performance garments that meet consumer expectations. The emphasis on sustainability and
eco-friendliness in the textile and apparel industry aligns with the use of
elastomeric spandex filament yarn. Modern production processes have become more
environmentally responsible, with a focus on reducing waste and energy
consumption. Elastomeric spandex filament yarn is designed to meet these
sustainability goals by minimizing waste during the manufacturing process and
creating long-lasting, durable garments that require less frequent replacement.
The rise of eco-conscious consumers who demand
sustainably produced clothing has also fueled the growth of elastomeric spandex
filament yarn. Brands and manufacturers are increasingly incorporating
eco-friendly materials like elastomeric spandex filament yarn into their
production processes to offer garments that are not only comfortable and
stretchable but also sustainable. The growing demand from the apparel
textile industry is propelling the growth of the elastomeric spandex filament
yarn market in India. As the country's apparel textile sector continues to
expand and adapt to changing consumer preferences and sustainability
requirements, elastomeric spandex filament yarn plays a pivotal role in
ensuring the production of high-quality, comfortable, and eco-friendly
garments. The elasticity and performance characteristics of elastomeric spandex
filament yarn make it an essential component in India's apparel textile
industry, supporting the creation of form-fitting, sustainable, and
high-performance clothing that caters to both domestic and international
markets. This growth not only advances the apparel textile industry but also
strengthens India's position as a hub for comfortable and eco-conscious
fashion.
Rising Demand of Spandex Filament Yarn as Medical
and Healthcare Textiles Propels India's Elastomeric Spandex Filament Yarn
Market Growth
The Indian elastomeric spandex filament yarn market
is currently experiencing significant growth, largely driven by the rising
demand for spandex filament yarn in medical and healthcare textiles.
Elastomeric spandex filament yarn, known for its exceptional stretchability and
comfort, has found a critical application in the medical and healthcare sector,
contributing to the growth of the industry by providing versatile and
high-performance textiles.
Medical and healthcare textiles are an essential
component of the healthcare sector, encompassing a wide range of products, from
surgical garments, compression bandages, and orthopedic supports to wound
dressings and personal protective equipment (PPE). The use of elastomeric
spandex filament yarn in these textiles ensures comfort, flexibility, and
durability, making it an ideal choice for applications where precise fit and
stretch are crucial. One of the key applications of elastomeric spandex
filament yarn in the medical sector is the production of compression garments.
Compression garments are used for various medical conditions, such as deep vein
thrombosis (DVT), lymphedema, and chronic venous insufficiency. Elastomeric
spandex filament yarn provides the necessary elasticity and pressure
distribution to support these conditions effectively. Surgical garments are another crucial application
area for elastomeric spandex filament yarn. These garments need to be
stretchable to accommodate the movement of medical professionals during
surgeries while maintaining a sterile environment. Spandex yarn contributes to
the flexibility and comfort of surgical garments, allowing medical
practitioners to perform their duties with ease. In response to the global pandemic, the demand for
medical textiles, including face masks, gowns, and other PPE, has surged.
Elastomeric spandex filament yarn has played a significant role in meeting this
demand, as it enhances the stretchability and comfort of these essential
protective products. The material's ability to provide a secure yet comfortable
fit has been crucial in producing effective and wearable PPE.
The medical and healthcare sector's growth, driven
in part by the COVID-19 pandemic, has led to increased demand for elastomeric
spandex filament yarn. This has prompted investments in expanding production
capacities and ensuring the quality and consistency of spandex yarn, as its
reliability in medical and healthcare textiles is paramount. The emphasis on sustainability and
eco-friendliness in the textile and healthcare industry aligns with the use of
elastomeric spandex filament yarn. Modern production processes have evolved to
become more environmentally responsible, with a focus on reducing waste and
energy consumption. Elastomeric spandex filament yarn is designed to meet these
sustainability goals by minimizing waste during the manufacturing process and
creating long-lasting, durable medical and healthcare textiles that require
less frequent replacement.
The rise of eco-conscious consumers who demand
sustainably produced medical and healthcare products has also contributed to
the growth of elastomeric spandex filament yarn. Brands and manufacturers are
increasingly incorporating eco-friendly materials like elastomeric spandex
filament yarn into their production processes to offer healthcare textiles that
are not only effective and comfortable but also sustainable. The rising demand for elastomeric
spandex filament yarn in medical and healthcare textiles is propelling the
growth of the spandex filament yarn market in India. As the medical and
healthcare sector continues to expand, driven by the need for high-performance
textiles, elastomeric spandex filament yarn plays a pivotal role in ensuring
the production of comfortable, stretchable, and sustainable medical and
healthcare products. The elasticity and performance characteristics of
elastomeric spandex filament yarn make it an indispensable component in India's
healthcare textile industry, supporting the creation of effective,
eco-friendly, and wearable medical and healthcare textiles that are vital for
patient comfort and safety. This growth not only advances the healthcare
textile industry but also strengthens India's position as a hub for medical and
healthcare products with an emphasis on performance and sustainability.
Growing Demand from Automotive and Industrial
Sectors as Elastic Webbing and Narrow Fabrics is Propelling the India
Elastomeric Spandex Filament Yarn Market Growth
The Indian elastomeric spandex filament yarn market
is experiencing notable growth, driven by the increasing demand from the
automotive and industrial sectors for applications like elastic webbing and
narrow fabrics. Elastomeric spandex filament yarn, known for its exceptional
stretchability and resilience, has become an essential component in these
industries, supporting a wide range of applications that require flexible and
durable materials. The automotive and industrial sectors have specific
requirements for elastic webbing and narrow fabrics, which often involve
securing and reinforcing various components. Elastic webbing is used in
automotive seating, interior trim, and industrial applications to provide
comfortable and flexible features. These webbings need to maintain their
elasticity and strength, making elastomeric spandex filament yarn an ideal
choice to meet these demands.
Narrow fabrics, including straps, bands, and
ribbons, are commonly used in the automotive and industrial sectors for tasks
such as fastening, securing, and reinforcement. The spandex yarn's
stretchability and recovery properties make it a valuable material for narrow
fabrics used in safety belts, cargo straps, and various industrial applications
where flexibility and durability are essential. The automotive sector in India has been on the
rise, with increasing production and innovation in vehicle design. This growth
has led to higher demand for materials like elastic webbing to improve the
comfort and functionality of automotive interiors. Elastomeric spandex filament
yarn plays a vital role in enhancing the performance of these components,
contributing to the overall quality of vehicles.
The industrial sector, including manufacturing,
packaging, and logistics, also benefits from elastomeric spandex filament yarn
in narrow fabrics. These fabrics provide the flexibility and strength needed
for a variety of applications, such as securing loads during transport,
reinforcing products, and facilitating packaging solutions. As the industrial
sector continues to expand, the demand for high-performance materials like
elastomeric spandex filament yarn grows in tandem. The surge in demand for elastic webbing and narrow
fabrics in the automotive and industrial sectors has prompted investments in
expanding production capacities and ensuring the quality and consistency of
spandex yarn. A reliable and consistent supply of high-quality spandex yarn is
critical for manufacturers in these sectors, as they rely on these materials to
create products that meet stringent industry standards.
Furthermore, the emphasis on sustainability and
eco-friendliness in the automotive and industrial sectors aligns with the use
of elastomeric spandex filament yarn. Modern production processes have evolved
to become more environmentally responsible, with a focus on reducing waste and
energy consumption. Elastomeric spandex filament yarn contributes to these
sustainability goals by minimizing waste during the manufacturing process and
creating durable products that require fewer replacements, reducing overall
environmental impact. The rise of eco-conscious consumers and businesses
that demand sustainable products has also fueled the growth of elastomeric
spandex filament yarn. Companies are responding to these demands by
incorporating eco-friendly materials like elastomeric spandex filament yarn
into their production processes to offer elastic webbing and narrow fabrics
that are not only effective and durable but also sustainable. The growing demand from the
automotive and industrial sectors for applications like elastic webbing and
narrow fabrics is propelling the growth of the elastomeric spandex filament
yarn market in India. As these sectors continue to expand, driven by the need
for flexible and durable materials, elastomeric spandex filament yarn plays a
crucial role in ensuring the production of high-quality, sustainable, and
performance-driven products. The elasticity and performance characteristics of
elastomeric spandex filament yarn make it an indispensable component in India's
automotive and industrial sectors, supporting the creation of comfortable,
strong, and eco-conscious solutions that are essential for various
applications. This growth not only advances these sectors but also strengthens
India's position as a hub for high-quality, sustainable, and flexible materials
in automotive and industrial applications.
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Key Market Challenges
Maintaining Consistent Quality and Performance of
Spandex Filament Yarn
Maintaining consistent quality and performance of
Spandex Filament Yarn is a critical challenge hindering the growth of the India
Elastomeric Spandex Filament Yarn market. Spandex Filament Yarn, with its
exceptional elasticity and stretch properties, is widely used in textiles,
including sportswear, undergarments, and medical applications. However,
ensuring uniform quality and performance characteristics is a complex task,
given the precise manufacturing processes and strict quality standards required
for spandex production.
Any deviations in quality, elasticity, or
durability can lead to product defects, customer dissatisfaction, and potential
recalls, which not only harm the market's reputation but also hinder its growth
prospects. Manufacturers in the India Elastomeric Spandex Filament Yarn market
must continually invest in advanced technology, quality control measures, and
adherence to global standards to overcome these challenges. This includes
rigorous testing and consistency in production processes, ensuring that each spandex
filament meets the required specifications. By maintaining consistent quality
and performance, the market can enhance its competitiveness and foster growth
by meeting the diverse needs of various industries.
Competition from International Manufacturers
Competition from international manufacturers is a
formidable obstacle to the growth of the India Elastomeric Spandex Filament
Yarn market. Elastomeric Spandex Filament Yarn, renowned for its exceptional
elasticity and use in various textile applications, faces intense competition
from overseas producers. International manufacturers, often benefiting from
economies of scale and advanced technology, can offer cost-competitive
alternatives, which can put pressure on domestic producers and impact their
pricing strategies.
Moreover, international manufacturers may have a
global presence, allowing them to tap into a broader market and establish a
more extensive customer base, making it challenging for Indian manufacturers to
gain a competitive edge.
To counter this challenge and stimulate growth in
the India Elastomeric Spandex Filament Yarn market, domestic producers need to
focus on innovation, product quality, and operational efficiency. Additionally,
they can collaborate with industry associations and engage in marketing
strategies that emphasize the uniqueness of their products to maintain market
share and competitiveness amidst strong international competition.
Key Market Trends
Growing Demand for Sportswear and Activewear
The India Elastomeric Spandex Filament Yarn market
is experiencing substantial growth, with a significant trend being the
increasing demand for sportswear and activewear. Elastomeric spandex filament
yarn is a vital component in the textile and apparel industry, known for its
exceptional stretch and recovery properties. The surge in demand for sportswear
and activewear is driven by several factors and is contributing to the growth
of the Elastomeric Spandex Filament Yarn market.
One of the primary drivers of this trend is the
growing awareness of health and fitness. As a more health-conscious and active
lifestyle becomes increasingly prevalent, there's a surging demand for
sportswear and activewear that offers comfort, durability, and flexibility.
Elastomeric spandex filament yarn provides these qualities, making it a crucial
element in the production of athletic garments, such as leggings, compression
wear, and sports bras. The fashion and textile industry is
witnessing a paradigm shift towards athleisure. The concept of seamlessly
transitioning from workout wear to everyday casual wear is becoming popular.
Elastomeric spandex filament yarn enables the creation of athleisure garments
that combine style and functionality, appealing to consumers who value comfort
and versatility in their clothing choices.
The COVID-19 pandemic has accelerated
the demand for sportswear and activewear, as more people engage in home
workouts and outdoor activities. The increased focus on fitness and wellness
has led to a surge in the production of sportswear that incorporates
elastomeric spandex filament yarn to ensure a snug fit and ease of movement. The growing demand for sportswear
and activewear is a key driver for the growth of the India Elastomeric Spandex
Filament Yarn market. As consumers prioritize comfortable, flexible, and
stylish workout clothing, the use of elastomeric spandex filament yarn has
become integral to meeting these demands. This trend not only reflects a change
in consumer lifestyles but also contributes to the expansion of the market,
positioning India as a dynamic player in the global sportswear and activewear
industry.
Development of Innovative Products that Offer
Superior Stretch and Recovery Properties
The India Elastomeric Spandex Filament Yarn market
is currently witnessing significant growth, with a prominent trend being the
development of innovative products that offer superior stretch and recovery
properties. Elastomeric spandex filament yarn, known for its exceptional
elasticity and flexibility, plays a crucial role in the textile and apparel
industry. The pursuit of innovation in this market is driven by several
significant factors and is contributing to its expansion.
One of the primary drivers of this trend is the
ever-increasing demand for more comfortable and high-performance textiles.
Consumers are seeking clothing that not only fits well but also provides
freedom of movement, making elastomeric spandex filament yarn an essential
component in various types of garments, from activewear and swimwear to
undergarments. The development of spandex yarn with superior stretch and
recovery properties addresses these demands, resulting in more comfortable and
functional clothing. The rise of athleisure, a fashion trend
emphasizing comfort and style, has further propelled the development of
innovative spandex products. Athleisure wear blurs the line between activewear
and casual clothing, and consumers expect their garments to be not only stylish
but also highly flexible and accommodating. Superior spandex yarn allows
designers and manufacturers to create athleisure pieces that seamlessly combine
fashion and functionality.
Technological advancements in spandex
production are facilitating the development of innovative products. New
manufacturing techniques and material innovations are leading to spandex yarn
with enhanced properties, including better stretch recovery, moisture-wicking
capabilities, and improved durability. These innovations are reshaping the
textile industry, meeting consumer expectations for performance and comfort. The development of innovative
products that offer superior stretch and recovery properties is a key driver
for the growth of the India Elastomeric Spandex Filament Yarn market. As
consumer preferences continue to evolve toward more comfortable, flexible, and
versatile clothing, the ongoing development of advanced spandex yarns aligns
with these expectations and contributes to the expansion of the market, further
establishing India as a dynamic player in the global textile and apparel industry.
Segmental Insights
Process Insights
Based on the process , the Weaving segment emerged
as the dominant player in the Indian market for Elastomeric Spandex Filament
Yarn in 2024, primarily due to the critical role of spandex in weaving stretch
fabrics, its versatility, the growing demand for stretch textiles, and the
weaving process's ability to ensure even distribution of spandex within fabric
structures.
Weaving is a crucial process in the textile
industry, where Elastomeric Spandex Filament finds extensive use. Spandex
filament is known for its exceptional stretch and recovery properties, making
it ideal for weaving applications. In weaving, spandex is often combined with
other yarns to create fabrics that offer comfort, flexibility, and a snug fit.
These fabrics are in high demand for various applications, including
sportswear, intimate apparel, and activewear, driving the prominence of the
weaving segment. The weaving segment benefits from the
versatility of Elastomeric Spandex Filament. Weavers can incorporate spandex
into various fabric constructions to create textiles with stretch and recovery
characteristics tailored to different end-uses. This adaptability makes spandex
filament a preferred choice for weavers, allowing them to produce a wide range
of fabric types.
The demand for stretch fabrics,
particularly in the fashion and sportswear industries, has been growing
steadily. Fabrics containing Elastomeric Spandex Filament are sought after for
their ability to provide comfort and freedom of movement. The weaving segment
plays a significant role in meeting this demand by producing spandex-blended
fabrics. The weaving process allows for the
integration of spandex into fabric structures, ensuring that the stretch and
recovery properties are distributed uniformly. This is essential in creating
comfortable and well-fitting garments, which further establishes the dominance
of the weaving segment in the Elastomeric Spandex Filament market.
Application Insights
Based on the application, the clothing segment is projected to experience rapid
growth during the forecast period. This growth is attributed to widespread use
of spandex in clothing to achieve stretch, comfort, and fit, the versatile
properties of spandex, the demands of domestic and international clothing
markets, and the growing trend of athleisure and fitness wear.
Elastomeric Spandex Filament is widely used in the
clothing industry to provide stretch, comfort, and a snug fit in various
apparel categories. Spandex filament is incorporated into fabrics to create
stretchable textiles, making it an essential component in the production of
clothing. Whether it's sportswear, activewear, intimate apparel, or everyday
clothing, the demand for comfortable and form-fitting garments has driven the
prominence of the clothing segment. The clothing industry in India caters to
both domestic and international markets. The desire for quality, performance,
and style in apparel has led to the use of Elastomeric Spandex Filament in a
wide range of clothing products. This includes stretchy waistbands, activewear
with excellent flexibility, and form-fitting lingerie, among others. The clothing segment benefits from the
versatile properties of Elastomeric Spandex Filament. Clothing manufacturers
can blend spandex with other fibers to achieve specific stretch and recovery
characteristics suitable for different types of clothing. This adaptability
allows for the creation of garments that provide the desired level of comfort
and functionality. The growing trend of athleisure and
fitness wear has further boosted the use of Elastomeric Spandex Filament in
clothing. Consumers seek clothing that supports an active lifestyle while
offering a stylish appearance, and spandex plays a pivotal role in meeting
these expectations.
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Regional Insights
Based on the region, the dominance of the North
region in the Indian Elastomeric Spandex Filament Yarn market can be attributed
to its concentration of textile and garment manufacturing, its role as a
fashion and apparel hub, the varied climate conditions that necessitate
versatile clothing, and the substantial consumer market in the region.
The North region of India, comprising states like
Uttar Pradesh, Haryana, and Punjab, is known for its well-established textile
and garment manufacturing clusters. These states have a significant presence of
textile mills, weaving units, and garment factories. The demand for Elastomeric
Spandex Filament Yarn is high in this region due to its use in producing
stretchable fabrics for clothing, including sportswear and athleisure garments. The North region's proximity to the
national capital, Delhi, makes it a hub for the fashion and apparel industry.
The demand for fashionable and comfortable clothing is substantial in this
region, and Elastomeric Spandex Filament Yarn is a key component for creating
stretchable and stylish garments that meet consumer preferences.
The North region experiences a wide range
of climatic conditions, from hot summers to cold winters. This diversity in
climate encourages the production of clothing suitable for various seasons, and
Elastomeric Spandex Filament Yarn is used to create fabrics that offer comfort
and flexibility in response to changing weather conditions. The North region is a significant
consumer market for clothing, with a substantial population and a growing
middle-class segment. This demographic factor contributes to the high demand
for garments made with Elastomeric Spandex Filament Yarn.
Recent Development
- In 2022, To support the Indian textile and apparel industry, the government has lifted the anti-dumping duty (ADD) on Elastomeric Filament Yarn (EFY), commonly known as spandex yarn. This move comes as a response to the changing market dynamics since the duty was initially imposed in 2017 for a period of five years. EFY, widely utilized in dress materials, particularly denim products, as well as stretch garments, will no longer be subject to ADD, which ranged from $0.15/kg to $3.34/kg (₹13 to ₹250) and was previously applicable until May 2, 2022. This decision acknowledges the substantial demand-supply gap in the domestic market, necessitating imports from China, South Korea, Vietnam, and Taiwan. The removal of ADD is expected to enhance the competitiveness of the Indian textile industry in global markets by creating a level playing field and enabling the import of high-quality EFYs at competitive rates. Additionally, recent announcements by the finance minister regarding relief measures for the manufacturing sector, including reductions in excise duty and customs duty on essential raw materials, are anticipated to alleviate the impact of inflationary trends and benefit the textiles and clothing industry as a whole.
Key Market Players
- Indorama India Private Limited
- Pracham
Creation
- Associated
Chemical Corporation
- Sitaram
Spinners Pvt. Ltd.
- Sunheri
Texcraft Pvt. Ltd.
|
By Process
|
By
Application
|
By Region
|
- Knitting
- Weaving
- Yarn
Covering
|
|
- West India
- North India
- South India
- East India
|
Report Scope:
In this report, the India
Elastomeric Spandex Filament Yarn Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
· India Elastomeric Spandex Filament Yarn Market, By Process:
o Knitting
o Weaving
o Yarn Covering
· India Elastomeric Spandex Filament Yarn
Market, By Application:
o Clothing
§ Sportswear
§ Home Furnishing
§ Underwear
§ Other
o Medical
§ Diaper
§ Compression Stockings & Hoses
§ Others
· India Elastomeric Spandex Filament Yarn Market, By
Region:
o West India
o North India
o South India
o East India
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the India Elastomeric
Spandex Filament Yarn Market.
Available Customizations:
India Elastomeric Spandex Filament Yarn Market report
with the given market data, TechSci Research offers customizations according
to a company's specific needs. The following customization options are
available for the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
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