|
Forecast
Period
|
2026-2030
|
|
Market
Size, By Volume (2024)
|
4.52
Million Metric Tonnes
|
|
CAGR
(2025-2030)
|
5.64%
|
|
Fastest
Growing Segment
|
Apparel
|
|
Largest
Market
|
South
India
|
|
Market
Size, By Volume (2030)
|
6.21
Million Metric Tonnes
|
Market Overview
India
Synthetic Fiber Market achieved the total
market volume of 4.52 Million Metric Tonnes in 2024 and is expected
to reach 6.21 Million Metric Tonnes by 2030 with a CAGR of 5.64% during the
forecast period.
Synthetic fiber refers to
artificially created materials produced through chemical processes, primarily
derived from petrochemicals. These fibers are designed to have specific
properties such as durability, elasticity, moisture-wicking capabilities, and resistance
to wrinkling and fading. Key types of synthetic fibers include polyester,
nylon, acrylic, and spandex, which are extensively utilized in various sectors,
including apparel, home textiles, and industrial products, due to their
versatility and superior performance compared to natural fibers.
In
India, the synthetic fiber market has been experiencing significant growth,
driven by increasing demand in sectors such as apparel, automotive, home
textiles, and industrial applications. Known for their durability, versatility,
and cost-effectiveness, synthetic fibers are gaining popularity as consumers
look for high-performance materials. India ranks as the second-largest global
producer of both polyester and viscose. The growth of this market is further
supported by expanding manufacturing capabilities, rising textile exports, and
a growing middle class with increased disposable incomes. The manmade fiber
(MMF) industry accounts for 17% of India’s textile exports, positioning the
country as the sixth-largest exporter of MMF textiles worldwide.
However,
the production and disposal of synthetic fibers present environmental
challenges, leading to a shift toward sustainable practices and biodegradable
alternatives. While synthetic fibers continue to dominate, there is a rising
preference for eco-friendly natural fibers that may influence market dynamics.
The ongoing transition toward sustainable materials is expected to shape the
industry's future, offering both challenges and opportunities. Companies that
respond to these trends and invest in research and development will be
well-positioned for future growth. With supportive government policies in
place, the market is anticipated to evolve, creating new opportunities for both
manufacturers and consumers.
Key Market Drivers
Growing Demand in Textiles
With
a large and expanding population, the demand for clothing and textile products
is on the rise. As urban areas develop, there is an increasing need for diverse
clothing options, which bolsters the synthetic fiber market. Urbanization
drives lifestyle changes, leading individuals to seek modern and stylish
apparel. This trend is particularly pronounced in metropolitan regions where
fashion evolves quickly. Today’s consumers are more fashion-conscious and
expect a wide range of choices. Synthetic fibers can be engineered to replicate
the look and feel of natural fibers while providing additional benefits.
The
popularity of athleisure, a combination of athletic and leisurewear has further
increased the demand for synthetic materials that offer comfort, stretch, and
moisture management, particularly among younger consumers. Additionally,
synthetic fibers are generally more cost-effective to produce than natural
fibers like cotton or silk, making them appealing to both manufacturers and
consumers due to competitive pricing. Their lower cost enhances accessibility,
especially among low-to-middle income demographics where affordability is
essential.
Materials
such as polyester, nylon, and acrylic are valued for their durability, wrinkle
resistance, and ease of maintenance, making them ideal for everyday wear and
performance apparel. Technological advancements have led to the creation of
specialized synthetic fibers with benefits like UV protection,
moisture-wicking, and antimicrobial properties, addressing specific consumer
needs and driving further demand.
The
rise of e-commerce has significantly changed how consumers purchase textiles.
Online platforms provide a vast selection of synthetic clothing, allowing for
convenient browsing and buying. According to IBEF, India has approximately
936.16 million internet subscribers, with around 350 million active online
users engaged in transactions. This growth in e-commerce has expanded access to
a wider array of textile products, with synthetic fibers playing a key role in
online offerings.
As
consumer preferences evolve and technology progresses, manufacturers have the
opportunity to innovate and effectively respond to these increasing demands.
The combination of affordability, performance, and sustainability will shape
the future of the synthetic fiber industry in India, establishing it as a
dynamic segment within the broader textile market.
Government Initiatives
Government
initiatives play a crucial role in the growth and development of the synthetic
fiber market in India. The Production-Linked Incentive (PLI) Scheme for
Textiles is a notable measure aimed at strengthening the man-made fiber (MMF)
industry. This initiative specifically targets the expansion of the MMF and
technical textiles segments within the textile value chain. Over five years, USD
1.34 billion in incentives will be allocated for the manufacturing of
designated MMF fabrics and apparel, aiming to help the textile sector scale up
and improve competitiveness.
The
increased availability of MMF and MMF yarns, such as polyester and nylon, is
expected to contribute to overall growth in the textile industry utilizing
blended fibers. By providing financial incentives, the scheme motivates
companies to invest in expanding production capacities, which can lead to
greater output of synthetic fibers and improved competitiveness against
imports. The Prime Minister and the Cabinet Committee on Economic Affairs
(CCEA) approved the establishment of a National Technical Textiles Mission with
a budget of USD194 million for a four-year implementation period from FY
2020-24. The government is actively implementing policies to enhance the
competitiveness of Indian textiles, including synthetic fibers, in
international markets through trade agreements and participation in global
trade fairs.
To
further promote exports, the CCEA launched the Remission of Duties and Taxes
on Exported Products (RoDTEP) scheme, which aims to make Indian exports more
cost-competitive and generate better employment opportunities in
export-oriented manufacturing sectors. Various incentives, including duty
drawbacks and export promotion schemes, help ease the financial burden on
exporters, facilitating their entry into global markets.
Initiatives
such as the establishment of textile parks provide dedicated infrastructure,
including utilities, logistics, and common processing facilities, to support
textile manufacturers. The government has also proposed the Mega Investment
Textiles Parks (MITRA) scheme to enhance global competitiveness, attract
significant investments, and boost employment and exports.
The
creation of Special Economic Zones (SEZs) for textiles encourages investment by
offering benefits like tax exemptions and simplified regulatory compliance,
attracting both domestic and foreign businesses. Additionally, the government
runs skill development programs tailored for the textile industry, focusing on
training workers in modern manufacturing techniques and sustainable practices.
Efforts
are underway to streamline regulatory processes for setting up and operating
textile businesses, reducing bureaucratic hurdles and accelerating the
establishment of new manufacturing facilities. Specific initiatives are also
designed to support Micro, Small, and Medium Enterprises (MSMEs) in the textile
sector, providing access to financing, technology, and markets. These
government initiatives not only foster growth and innovation in the synthetic
fiber sector but also position India as a competitive player in the global
textile market. Continued government support will be essential for maintaining
this momentum as the industry evolves.
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Key Market Challenges
Environmental concerns
Environmental
concerns present significant challenges for the synthetic fiber market in
India. The production of synthetic fibers, particularly those derived from
petroleum, can emit harmful pollutants into the air and water, leading to
environmental degradation and potential public health risks. Additionally,
synthetic fibers are often linked to plastic pollution, contributing to the
growing issue of microplastics that can adversely affect both marine and
terrestrial ecosystems.
Consumers
are increasingly favoring sustainable and eco-friendly products, which
pressures manufacturers to adopt more sustainable practices. This shift
necessitates substantial investment in new technologies and processes.
Moreover, governments and regulatory bodies are implementing stricter
environmental regulations, resulting in higher compliance costs and the need
for cleaner technologies.
The
synthetic fiber industry’s heavy reliance on fossil fuels raises sustainability
concerns, especially regarding climate change and the shift towards renewable
energy sources. Furthermore, the production processes for synthetic fibers can
be water-intensive, exacerbating water scarcity issues in already vulnerable
regions.
Many
synthetic fibers are non-biodegradable, leading to long-term environmental
impacts when disposed of. The accumulation of these materials in landfills
poses significant ecological challenges. While recycling initiatives exist for
synthetic fibers, they are often complex and not widely adopted, limiting the
potential for effective closed-loop systems that could reduce environmental
impact.To address these challenges, manufacturers must make concerted efforts
to embrace sustainable practices, invest in innovation, and adhere to
regulatory standards. The industry needs to strike a balance between economic
viability and environmental responsibility to ensure long-term growth and
competitiveness in a market that increasingly values sustainability.
Import Pressure
Import
pressure is a major challenge for the synthetic fiber market in India,
affecting competitive dynamics and operational strategies. Countries with lower
production costs, like China and Vietnam, can provide synthetic fibers at
significantly lower prices. This situation leads to intense price competition,
forcing Indian manufacturers to reduce their prices, which can adversely impact
profit margins.
Cheaper
imports may weaken the competitive position of local producers, making it
difficult for them to retain market share and invest in innovation.
Furthermore, imported synthetic fibers are often perceived as higher quality,
especially from well-known international brands, which can shift consumer
preferences away from domestic products.
Reliance
on imported materials also exposes the domestic industry to vulnerabilities in
global supply chains, including trade disputes, natural disasters, and
geopolitical tensions. Additionally, navigating complex import regulations,
tariffs, and duties can create extra costs and administrative challenges for
domestic manufacturers competing with imports.
An
influx of imported synthetic fibers can lead to market saturation, decreasing
overall demand and making it tougher for local manufacturers to sell their
products. As competition from imports increases, domestic manufacturers may be
reluctant to invest in growth or innovation, hindering the advancement of the
local industry. Fluctuations in currency exchange rates can also influence the
competitiveness of imported fibers, affecting the pricing strategies of local
manufacturers. To address these challenges, domestic producers must focus on
enhancing their competitive advantages through innovation, improving product
quality, and implementing effective marketing strategies. Moreover, government
support in the form of protective tariffs or incentives could strengthen the
local industry against the challenges posed by imported goods.
Key Market Trends
Rising Demand for Sustainable
Fabrics
The
trend toward sustainable fabrics is becoming increasingly significant in the
Indian synthetic fiber market, driven by various factors that influence
consumer behavior, manufacturing practices, and industry strategies. As
awareness of environmental issues rises, consumers are more mindful of the
ecological impact of their purchases, leading many to seek sustainable options
that reduce harm to the planet. Additionally, concerns about the potential
health risks associated with synthetic fibers made from harmful chemicals are
prompting a preference for eco-friendly alternatives.
One
notable development is the emergence of bio-based synthetic fibers, which are
produced from renewable resources like plant materials and offer similar
properties to traditional synthetics while being more environmentally friendly.
For instance, in September 2023, Birla Cellulose introduced Birla Viscose
EcoSoft, a new variant of viscose made exclusively from bamboo pulp. EcoSoft
fibers represent an advancement over conventional viscose, providing improved
moisture management, high breathability for thermal regulation, and
lightweight, soft textures. The bamboo pulp used is sourced from sustainably
managed (FSC-certified) forests, and the production processes comply with
stringent quality and environmental standards. Furthermore, Birla Viscose
EcoSoft incorporates a molecular tracer that enables manufacturers to track the
supply chain journey through detailed transaction certificates.
To
enhance transparency, companies are working to provide consumers with insights
into the sourcing and production processes behind the fabrics they buy. There
is also a growing trend of collaboration among brands, research institutions,
and sustainability organizations to promote sustainable manufacturing
practices. For example, in January 2023, Century Enka developed a new
sustainable material for Apollo Tyres, utilizing 100% recycled nylon waste to
produce nylon tire cord fabric (NTCF). This initiative was the result of over a
year of collaboration between the two companies, with the first commercial
supplies dispatched from Century Enka’s plant in Gujarat, India, in November
2022.
As
sustainability becomes a central focus for both consumers and manufacturers,
the industry must continue to adapt by developing eco-friendly products,
improving transparency, and promoting responsible practices. This trend not
only advances environmental objectives but also creates new opportunities for
growth and competitiveness in the market.
Growth of Athleisure and
Performance Wear
The
growing popularity of athleisure and performance wear is a notable trend
influencing the Indian synthetic fiber market. This evolution reflects shifts
in consumer lifestyles and preferences, particularly a heightened focus on
health and wellness that encourages more active living. Consequently, there is
an increasing demand for clothing that seamlessly transitions from workout
sessions to everyday activities. Athleisure combines comfort and style, making
it suitable for a variety of occasions.
Consumers
are looking for versatile apparel that meets both their fitness needs and
casual outings. Advances in synthetic fiber technology have resulted in fabrics
with improved features like moisture-wicking, breathability, elasticity, and
durability, specifically designed for active individuals. The rise of
athleisure has also been fueled by endorsements from celebrities and
influencers promoting fitness-oriented lifestyles, which has heightened
consumer interest in stylish performance wear.
The
trend towards casual fashion, accelerated by the pandemic, has solidified
athleisure as a wardrobe staple, with consumers increasingly wearing
athletic-inspired clothing in their daily lives. In January 2024, Lululemon
announced its entry into the Indian market, aiming to align its products and
experiences with the local wellness culture. This initiative goes beyond merely
selling activewear; it seeks to integrate into India’s wellness landscape.
The
youthful demographic in India is a key driver of the athleisure trend, as
younger consumers place a high value on comfort and style. This group is
particularly open to new styles and innovative products. As the demand for
versatile, high-performance clothing continues to grow, manufacturers must
innovate and adapt their offerings to meet these changing preferences. By
harnessing advancements in fabric technology and focusing on sustainability,
brands can take advantage of this dynamic trend and enhance their competitive
position in the market.
Segmental Insights
Type Insights
Based
on Type, the Polyester Staple Fiber (PSF) emerged as
the dominating segment in the Indian market for Synthetic Fiber during the
forecast period. Polyester
Staple Fiber (PSF) is utilized across various industries, including apparel,
home textiles, and industrial applications. Its versatility allows it to be
used in clothing, upholstery, non-woven fabrics, and more. Additionally, the
production of polyester is comparatively cost-effective relative to other
synthetic fibers, enabling manufacturers to maintain competitive pricing and
making it accessible to a wider consumer base.
PSF
is recognized for its strength and durability, which is essential for products
that need to withstand heavy use. Its resistance to wear and tear is
particularly crucial for textiles in high-traffic areas. Furthermore, polyester
fibers excel in moisture-wicking, helping to keep users dry and comfortable, a
feature that is especially attractive in the activewear and sportswear
segments.
PSF
fabrics typically resist shrinking, stretching, and wrinkling, which simplifies
maintenance and appeals to consumers seeking low-maintenance clothing options.
The growing trend of athleisure and performance wear has further fueled demand
for PSF, as it meets the comfort and functionality required by active
lifestyles.
India's
robust polyester production infrastructure encompassing fiber manufacturing,
spinning, and weaving further supports the growth of the PSF market. These
combined factors establish Polyester Staple Fiber as the leading segment in the
Indian synthetic fiber market, thanks to its versatility, cost-effectiveness,
durability, and alignment with consumer preferences.
Application Insights
Based
on Application, Apparel emerged as the fastest growing segment in the Indian
market for Synthetic Fiber in 2024. The growing focus on health and fitness has
resulted in a notable increase in demand for athleisure and activewear, which
blend functionality with style. Synthetic fibers such as polyester and nylon
are preferred for their moisture-wicking and stretchy characteristics, making
them well-suited for workout clothing. Athleisure garments are designed for
easy transitions between exercise and casual activities, appealing to consumers
who seek both comfort and style in their daily attire.
The
fashion industry is experiencing rapid transformations, with consumers
increasingly seeking trendy, lightweight, and breathable materials. Synthetic
fibers can replicate the look and feel of natural fibers while delivering
superior performance, making them highly sought after. Recent advancements in
textile technology have led to the creation of innovative fabrics that offer
additional benefits, such as improved durability, UV protection, and
antimicrobial properties, enhancing their appeal in the fashion market.
As
the Indian middle class continues to grow and disposable incomes rise,
consumers are more inclined to invest in quality clothing. Since synthetic
fibers are generally cheaper to produce than natural alternatives,
manufacturers can offer competitive pricing. The expanding urban population is
driving demand for a diverse range of clothing options, from casual to formal
wear, further propelling growth in the apparel segment.
E-commerce
platforms also play a crucial role in increasing consumer awareness about
various fabric types and their advantages, fostering interest in synthetic
materials. The pandemic has further accelerated the shift towards more casual
and comfortable clothing, increasing the demand for synthetic fibers in
everyday apparel. The younger demographic, which values comfort, versatility,
and sustainability is a key contributor to the growth of the apparel segment. As
the market evolves, the demand for innovative, sustainable, and versatile
apparel made from synthetic fibers is expected to remain robust, reinforcing
its status as the leading application in this sector.
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Regional Insights
Based
on Region, South India emerged as the dominant region in the Indian market for Synthetic Fiber in 2024. States such as Tamil Nadu and Karnataka are recognized
as major textile hubs, boasting significant manufacturing capabilities for
synthetic fibers and textiles. These regions benefit from a strong supply chain
and a high concentration of spinning and weaving facilities. The South has a
large urban population that drives demand for apparel, particularly in key
cities like Chennai, Bengaluru, and Hyderabad, which in turn affects the
consumption of synthetic fibers. Additionally, the Southern region serves as a
center for various applications of synthetic fibers, including home textiles
and industrial fabrics, further contributing to overall demand.
Many
textile manufacturers in the South are investing in advanced technologies and
innovations, improving the quality and variety of synthetic fiber products.
There is also an increasing emphasis on sustainable practices and eco-friendly
production within the Southern textile sector, aligning with global trends and
rising consumer preferences. Furthermore, the Southern states are strategically
located for exports, benefiting from well-established logistics and
transportation networks that facilitate trade. This combination of
manufacturing prowess, urban demand, and technological progress positions the
Southern region as the leading region in the Indian synthetic fiber market.
Recent Development
- In
June 2024, the Government of India exempted polyester staple fiber, filaments,
and spun yarn imported under the Advance Authorization Scheme from the Quality
Control Order. This exemption follows a similar measure taken in March, when
the government granted the same relief for Viscose Staple Fiber.
- In
May 2024, Shahi Exports revealed a joint venture with Little King Global, a
leading manufacturer of synthetic sportswear fabrics from Taiwan. This
partnership aims to set up a cutting-edge processing facility for synthetic
performance fabrics in Shivamogga, Karnataka. The production line is expected
to be fully operational by the end of 2024, with an initial monthly production
capacity of 500 tonnes.
- In
March 2024, ColossusTex, a leader in the textile supply chain, launched
GRAPHENE YARN at Bharat Tex 2024. This innovative yarn offers numerous
advantages over traditional options. With a 99% antibacterial rate, it
effectively inhibits bacterial growth, eliminates odors, and significantly
lowers the risk of skin diseases. The integration of far-infrared healthcare
technology enhances microcirculation, improves blood flow, and boosts cellular
metabolism. Its antiviral properties are notable, achieving a 99% inactivation
rate against SARS-CoV-2, 99.99% against H1N1, and 96.89% against HFMD. GRAPHENE
YARN is available in various polymers, including Polyester Filament, Nylon
Filament, and Cotton Nylon Blends, providing flexible solutions for diverse
applications. In addition to this launch, ColossusTex also introduced
innovative yarns tailored specifically for footwear.
- In
February 2024, Oerlikon Barmag successfully completed the expansion of a
polyester filament yarn production facility at Garden Silk Mills in Surat,
India, part of the Chatterjee Group (TCG). This expansion included both
conversion and new construction, resulting in a total of 216 WINGS FDY spinning
units. The project involved extensive engineering collaboration between experts
from Germany and India. TCG has recently invested a total of USD8 million and
operates a second plant in Jolwa that produces polyester chips, POY, FDY, and
other specialty yarns, in addition to owning the Garden Vareli brand, which
specializes in sarees and dress materials.
Key Market Players
- 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.
|
By
Type
|
By
Application
|
By Region
|
- Polyester Staple
Fiber
- Acrylic Staple
Fiber
- Polypropylene
Staple Fiber
- Polyester Filament
Yarn
- Polypropylene
Filament Yarn
- Viscose Staple
Fiber
- Viscose Filament
Yarn
- Nylon Filament
Yarn
|
- Apparel
- Home Furnishing
- Industrial Textiles
- Healthcare
- Automotive
- Others
|
- West India
- North India
- South India
- East India
|
Report Scope:
In this report, the India Synthetic Fiber Market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- India Synthetic Fiber Market, By Type:
o Polyester Staple Fiber
o Acrylic Staple Fiber
o Polypropylene Staple Fiber
o Polyester Filament Yarn
o Polypropylene Filament Yarn
o Viscose Staple Fiber
o Viscose Filament Yarn
o Nylon Filament Yarn
·
India Synthetic
Fiber Market, By Application:
o Apparel
o Home Furnishing
o Industrial Textiles
o Healthcare
o Automotive
o Others
- India Synthetic Fiber 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 Synthetic
Fiber Market.
Available Customizations:
India Synthetic Fiber Market report with the given
market data, Tech Sci 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).
India Synthetic Fiber Market is an upcoming report
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confirm the date of release, please contact us at [email protected]