Press Release

India Synthetic Fiber Market to Grow with a CAGR of 5.64% through 2030

Technological Advancements is expected to drive the India Synthetic Fiber Market growth in the forecast period, 2026-2030.

According to TechSci Research report, “India Synthetic Fiber Market- By Region, Competition, Forecast and Opportunities, 2020-2030”, the India Synthetic Fiber Market achieved the total market volume of 4.52 Million Metric Tonnes in 2024 and is anticipated to grow with a CAGR of 5.64% through 2030.Technological advancements are vital for the growth and development of the synthetic fiber market in India. The adoption of automation and smart manufacturing technologies boosts production efficiency, lowers labor costs, and enhances precision, resulting in quicker turnaround times and increased output. Modern textile equipment, such as high-speed spinning and weaving machines, enables the production of high-quality synthetic fibers with greater consistency and fewer defects.

Recent innovations have produced synthetic fibers with improved attributes like enhanced durability, moisture-wicking capabilities, and UV resistance, addressing the specific requirements of various applications, including athleisure and industrial textiles. The introduction of specialized fabrics featuring antimicrobial properties or temperature regulation meets the needs of niche markets and drives demand.

Advancements in recycling techniques allow for the creation of synthetic fibers from post-consumer waste, which addresses environmental concerns and aligns with the rising consumer preference for sustainable options. Improvements that reduce water and energy usage during production also support eco-friendly practices within the industry. Technological developments facilitate greater customization of fibers and fabrics, enabling manufacturers to cater to specific consumer preferences and expand market opportunities. Innovations in blending different fiber types enhance both functionality and aesthetic appeal, increasing versatility across various applications.

The growth of digital platforms has improved access to synthetic fiber products, boosting consumer awareness and demand. Additionally, the use of data analytics enables manufacturers to better understand consumer trends, allowing for more targeted marketing and product development. By capitalizing on these innovations, manufacturers can effectively respond to evolving consumer demands and maintain a competitive edge in a fast-changing market.

 

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The India Synthetic Fiber Market is segmented into type, application, regional distribution, and company.

Based on the Type, the Polyester Filament Yarn emerged as the fastest growing segment in the Indian market for Synthetic Fiber in 2024. The increasing popularity of athleisure and performance apparel has significantly boosted the demand for Polyester Filament Yarn (PFY). Its moisture-wicking capabilities and durability make it particularly suitable for active lifestyles, attracting consumers who value both comfort and style. PFY is utilized across a diverse range of applications, including clothing, home textiles, and industrial products, enhancing its appeal across various market segments.

Recent innovations in fiber technology have improved the performance attributes of PFY, such as tensile strength, elasticity, and finish, making it more appealing to manufacturers seeking high-quality materials. Additionally, the rising emphasis on sustainability has led to an increase in the production of recycled polyester filament yarn. As consumers and brands seek eco-friendly alternatives, demand for sustainable PFY solutions has grown.

The expansion of online shopping platforms has also broadened access to various textiles, including PFY products, raising consumer awareness and interest in fashionable and functional fabrics. Furthermore, evolving fashion trends favor lightweight and breathable materials, which PFY delivers. Its ability to replicate the look and feel of natural fibers while providing superior performance has contributed to its popularity in modern fashion.

The combination of rising consumer demand for activewear, versatility, technological advancements, sustainability initiatives, and strong export potential positions Polyester Filament Yarn as the fastest-growing segment in the Indian synthetic fiber market.

Based on the region, the West India emerged as the fastest growing region in the Indian Synthetic Fiber market during the forecast period. Gujarat has emerged as a major manufacturing hub, featuring numerous textile mills and synthetic fiber production facilities. Established industrial clusters in the region attract further investment and development. With well-developed transportation networks, including roads, railways, and ports, the area facilitates the efficient movement of raw materials and finished products. Western India produces synthetic fibers utilized across various sectors such as apparel, home furnishings, automotive textiles, and industrial applications, driving demand and growth in multiple segments.The region's proximity to key ports like Mundra and Kandla enhances its export capacity, enabling manufacturers to access international markets more effectively and boosting export potential. The rising demand for Indian textiles, particularly in Europe and the US, presents significant growth opportunities for local manufacturers.

In addition, manufacturers in Western India are increasingly investing in modern technologies and innovative production methods, such as automation and advanced fiber treatments, improving both efficiency and product quality. The establishment of textile parks in Gujarat and Maharashtra fosters collaboration among manufacturers by providing shared facilities and resources, reducing costs.

The government supports the textile industry with various incentives, subsidies, and initiatives aimed at technological upgrades and infrastructure development, including the Production-Linked Incentive (PLI) Scheme designed to enhance competitiveness. As consumer preferences shift towards versatile and fashionable synthetic textiles, demand continues to rise. Rapid urbanization in Western India, particularly in cities like Mumbai and Ahmedabad, further fuels the need for diverse textile products.

The robust industrial base, varied applications, strong export potential, technological advancements, supportive government policies, increasing consumer demand, and emphasis on sustainability position the Western region as the fastest-growing area in the Indian synthetic fiber market, paving the way for continued growth and innovation.

Major companies operating in India Synthetic Fiber Market are:

  • Reliance Industries Ltd.
  • Indo Rama Synthetics India Ltd.
  • 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.

 

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“The Indian synthetic fibers market is experiencing a significant transformation, merging its rich textile heritage with contemporary innovations. Driven by urbanization, there is a growing demand for stylish, versatile, and sustainable fabrics, prompting manufacturers to prioritize eco-friendly practices and cutting-edge technologies. Urban areas are leaning towards fabrics that complement active lifestyles, which is boosting the demand for innovative athleisure wear. This combination of trends not only enhances India's position in the global textile arena but also sets the stage for a more sustainable and forward-thinking future in synthetic fibers,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based 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, Others), By Region, Competition, Forecast and Opportunities, 2020-2030”, 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.

 

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