India Synthetic Fibers Market Size & Outlook, 2022-2030
India synthetic fibers market, 2018-2030 (US$M)
Related Markets
India synthetic fibers market highlights
- The India synthetic fibers market generated a revenue of USD 4,167.2 million in 2022 and is expected to reach USD 7,213.3 million by 2030.
- The India market is expected to grow at a CAGR of 7.1% from 2023 to 2030.
- In terms of segment, polyester was the largest revenue generating type in 2022.
- Nylon is the most lucrative type segment registering the fastest growth during the forecast period.
Synthetic fibers market data book summary
| Market revenue in 2022 | USD 4,167.2 million |
| Market revenue in 2030 | USD 7,213.3 million |
| Growth rate | 7.1% (CAGR from 2022 to 2030) |
| Largest segment | Polyester |
| Fastest growing segment | Nylon |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyester, Nylon, Acrylics, Polyolefin |
| Key market players worldwide | DuPont de Nemours Inc, Indorama Ventures PCL ADR, Lenzing AG, Mitsubishi Electric Corp, Reliance Inc, Reliance Industries Ltd GDR - 144A, Sinopec Oilfield Service Corp Class H, Teijin Ltd, Toray Industries Inc, Toyobo Co Ltd, Bombay Dyeing |
Other key industry trends
- In terms of revenue, India accounted for 6.3% of the global synthetic fibers market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China synthetic fibers market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 66,886.4 million by 2030.
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Synthetic Fibers Market Scope
Synthetic Fibers Market Companies
| Name | Profile | # Employees | HQ | Website |
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India synthetic fibers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to synthetic fibers market will help companies and investors design strategic landscapes.
Polyester was the largest segment with a revenue share of 50.62% in 2022. Horizon Databook has segmented the India synthetic fibers market based on polyester, nylon, acrylics, polyolefin covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing awareness regarding brands, acceptance of western fashion trends, growing per capita income, and the retail industry's support for the distribution of clothing products in the country are some of the factors contributing to the growing demand for clothing and accessories.
These factors are, in turn, anticipated to drive the demand for synthetic fiber over the forecast period. According to IBEF, India is the second-largest exporter of textile & apparel globally.
The abundance of raw materials, such as cotton, silk, wool, and polyester, availability of skilled labor, presence of an entire value chain, and competitive manufacturing costs, are some of the key drivers contributing to the growth of the textile & clothing industry in the country.
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Our clientele includes a mix of synthetic fibers market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India synthetic fibers market , including forecasts for subscribers. This country databook contains high-level insights into India synthetic fibers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India synthetic fibers market size, by type, 2018-2030 (US$M)
India Synthetic Fibers Market Outlook Share, 2022 & 2030 (US$M)
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