Polyester is an important synthetic fiber, widely used in clothing, household textiles, industrial textiles and other fields, such as curtains, carpets, car interiors, building waterproof materials, outdoor sports equipment, etc. In addition, polyester fibers are also used in electronics, machinery, construction, transportation, agriculture and other fields. With the advancement of science and technology and the development of market demand, new polyester fibers are constantly emerging, and their performance and application fields are also constantly expanding and improving.
The increasing demand in the global textile market is one of the main driving forces for the growth of the polyester fiber market. Polyester fiber has become one of the preferred materials in the textile industry due to its durability, wrinkle resistance and easy cleaning.
According to CRI analysis, Asia Pacific, North America and Europe are the main consumption regions of polyester fiber in the world. Among them, the market share of Asia Pacific is relatively higher than that of North America and Europe, but the demand for high-end textiles and functional textiles in North America and Europe is still strong, providing a stable growth momentum for the polyester fiber market.
India is the world's second largest producer of polyester and viscose, and its chemical fiber industry plays an important role in the world. Currently, India's annual polyester production capacity is about 7 million tons, of which filament and polyester chips (including bottle chips) account for a relatively high proportion. Reliance Industries is the leader in India's polyester fiber industry, with an annual polyester fiber production capacity of 2.5 million tons. India's textile and clothing industry is the main driving force for its polyester fiber demand.
India is the world's third largest exporter of textiles and clothing, and its textile industry is second only to China. In addition, the Indian government is promoting the development of the textile and clothing industry through large-scale textile industrial park programs (such as the PM MITRA Industrial Park Program), which will create more demand for the Indian polyester fiber market.
India is also one of the world's important polyester fiber exporters. According to CRI data, India's total polyester fiber exports in 2024 reached US$303 million, an increase of 18.5% year-on-year. According to CRI analysis, the export markets of Indian polyester fiber are spread across the Middle East, Europe and the United States, among which the United States is the largest export destination for Indian polyester fiber. From 2021 to 2024, the main export destinations of Indian polyester fiber are the United States, Nepal, Turkey, Germany, Spain, etc. According to CRI analysis, the main companies importing polyester fiber from India are some textile companies and trading companies. The main exporters of Indian polyester fiber are Indian polyester fiber manufacturers.
Overall, India's polyester fiber industry plays an important role in the global market, with its production capacity and export scale ranking among the top in the world. Driven by government policy support, industrial advantages and market demand, India's polyester fiber exports are expected to continue to grow. CRI recommends that companies related to the global textile and apparel industry chain should conduct research on the Indian market as soon as possible and prepare for the layout of the Indian market.
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