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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