India Synthetic Fiber Market: Revenue and Price Trends Analysis for 2029

By | July 10, 2024

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 “

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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.

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“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.

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