India Synthetic Fiber Market to Grow at a Steady CAGR of 6.87% During the Forecast Period
Growing popularity of synthetic textiles and rising consumer demand for
cost-effective, durable, and easy-to-wash are driving the growth of India synthetic fiber market during
the forecast period.
According
to TechSci Research report, “India Synthetic Fiber Market -By Region,
Competition, Forecast & Opportunities, 2018-2028F”. The
India Synthetic Fiber Market stood at USD12367.35 million in 2022 and is
expected to grow at a steady CAGR of 6.87% during the forecast period. This can
be attributed to synthetic textiles' expanding popularity around the world, as
the textile and garment industry swings away from cotton and toward synthetics
due to low costs, a demand-supply gap in cotton, and a diversity of design
penetration. Furthermore, product application in a variety of industries,
including textiles, home furnishings, automotive, filtration, and others, is
likely to drive significant market expansion. The increased use of strong and
durable fabrics for various land and air adventure sports applications
requiring parachutes and ropes is expected to propel the market during the
forecast period. Rising disposable income, improving lifestyle, and desire for
cost-effective and easy-to-maintain materials, is driving the worldwide
synthetic fiber market. Growing environmental concerns such as synthetic fiber
biodegradability are expected to pose substantial challenges in India. Besides
that, synthetic fibers have a lower melting point than natural fibers and burn
faster. These factors will pose a threat to the Indian synthetic fiber market.
Browse over 40 market data Figures spread through 70 Pages and an in-depth TOC on " India Synthetic Fiber
Market "
https://www.techsciresearch.com/report/india-synthetic-fiber-market/11755.html
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 (PFY) staple fiber (PSF) 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. Factors that are driving the growth of the apparel
market are growing population, rapid urbanization, and shift in the global
economic power base. Based on region, west dominated the market because of
broad use and acceptance of synthetic fiber.
Key
market players in the India Synthetic Fiber Market include:
- Reliance Industries Ltd.
- Indo Rama Synthetic
- Shubhalakshmi Polyesters Ltd.
- Bombay Dyeing Ltd.
- Garden Silk Mills Ltd.
- Grasim Industries Ltd.
- Pasupati Acrylon Ltd.
- Sanathan Textile Pvt. Ltd.
- Bhilosa Industries Pvt. Ltd.
- Sumit Industries Ltd.
Download
Sample Report
@ https://www.techsciresearch.com/sample-report.aspx?cid=11755
Customers can also request for 10% free
customization on this report.
“The India Synthetic Fiber Market is
expected to witness steady growth in the coming years owing to 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. Additionally, 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. Moreover, product application in a
variety of industries, including textiles, home furnishings, automotive,
filtration, and others across the country is expected to create lucrative
opportunities for the market growth during the forecast period” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global management
consulting firm.
“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, and
Nylon Filament Yarn), By Application (Apparel, Home Furnishing, Industrial
Textiles, Healthcare, Automotive, and Others), By Region, Competition, Forecast
& Opportunities, 2018-2028F”, has evaluated the future
growth potential of India synthetic fiber market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India synthetic fiber market.
Contact
Mr. Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email:
[email protected]
Web:
https://www.techsciresearch.com