India Polyester Fiber Market Outlook to 2028

India Polyester Fiber Applications Market Overview

The India polyester fiber applications market is major sector of the country's textile industry that reflects the Global polyester fiber applications market size was valued at USD 101.7 billion in 2023. This growth is primarily fueled by the increasing urban population, higher disposable incomes, and a growing preference for durable and affordable synthetic fibers over natural fibers.

The key players in the India polyester fiber applications market include Reliance Industries Limited, Indo Rama Synthetics (India) Limited, JBF Industries Ltd., Alok Industries Ltd., and SRF Limited. These companies dominate the market due to their extensive production capacities, advanced technologies, and strong distribution networks.

Reliance Industries Limited is set to invest INR 75,000 crore over the next five years to expand its polyester capacity, including a new 3 million metric tons per annum (MMTPA) PTA plant and a 1 MMTPA PET plant at Dahej. This expansion aims to strengthen Reliance’s position in the polyester market and includes the development of India’s first carbon fiber plant at Hazira.

The states like West Bengal and Odisha, is an emerging market for polyester fibers. The region's growing industrial activities and increasing investments in textile manufacturing contribute to its market share. The development of new industrial zones and improved logistics infrastructure support the market's growth in this region.

India Polyester Fiber Applications Market Segmentation

The India polyester fiber applications market can be segment in various factors like product, application and region. By Product: India polyester fiber applications market is segmented by product type into staple fibers, filament fibers, and hollow fibers. In 2023, staple fibers held a dominant market share due to their extensive use in the apparel and home textiles sectors, driven by their affordability and versatility.

By Application: The India polyester fiber applications market is segmented by application into apparel, home textiles, and industrial applications. In 2023, the apparel segment dominated the market with the growing fashion industry and increasing consumer preference for synthetic fibers due to their durability and low cost drive this segment.

By Region: The India polyester fiber applications market is segmented by region into North, South, East, and West. In 2023, the West region, held the largest market share, well-established textile industry, advanced infrastructure, and skilled workforce contribute to its leading position.

India Polyester Fiber Applications Competitive Landscape

Company Name

Establishment Year

Headquarters

Reliance Industries Limited

1973

Mumbai, Maharashtra

Indo Rama Synthetics (India)

1986

Gurgaon, Haryana

JBF Industries Ltd.

1982

Mumbai, Maharashtra

Alok Industries Ltd.

1986

Mumbai, Maharashtra

SRF Limited

1970

Gurugram, Haryana

In 2023, Indo Rama Synthetics (India) Limited announced a strategic partnership with a European textile manufacturer to enhance its product portfolio and expand its market reach. The partnership aims to introduce advanced polyester fibers with enhanced properties to cater to the growing demand in the global market.

In 2024, Alok Industries Ltd. introduced a new range of eco-friendly polyester fibers made from recycled PET bottles. This innovative product line addresses the growing consumer demand for sustainable and environmentally friendly textiles. The company projects that this new product range will contribute significantly to its revenue growth.

India Polyester Fiber Applications Market Analysis

India Polyester Fiber Applications Market Growth Drivers

Expansion of Home Textiles Market: In 2023, the home textiles market in India was valued at USD 8.6 billion, grown the demand for polyester fibers. With an increasing number of urban households and a rising trend towards home decor and renovation, products like bed linens, curtains, and upholstery are experiencing heightened demand. The National Council of Textile Organizations reports that polyester fibers are preferred for their durability and ease of maintenance, leading to higher adoption in home textiles.

Growth in the Automotive Sector: In 2024, the Indian automotive sector is set to utilize 0.5 million metric tons of polyester fibers. The use of polyester in automotive textiles, such as seat fabrics, carpets, and airbags, is expanding due to its superior strength and resistance to wear and tear. Data from the Society of Indian Automobile Manufacturers indicates a steady increase in vehicle production, which in turn fuels the demand for high-performance polyester fibers.

Increasing Demand from the Apparel Industry: In 2024, the Indian apparel industry is consuming 3 million metric tons of polyester fibers, driven by a robust increase in domestic and international demand. The rise in fast fashion and the increasing penetration of online retail platforms are significantly boosting polyester fiber consumption. According to the Ministry of Textiles, the sector is expected to witness a substantial increase in exports, contributing significantly to the demand for polyester fibers.

India Polyester Fiber Applications Market Challenges

Environmental Concerns and Waste Management: The production of polyester fibers generates significant waste, with estimates suggesting around 2 million metric tons of polyester waste annually in India. The challenge of managing this waste and reducing the environmental footprint is critical. According to the Central Pollution Control Board, inadequate waste management practices and the lack of efficient recycling infrastructure exacerbate this issue.

Fluctuations in Raw Materials Prices: The price volatility of raw materials, particularly crude oil, which is a primary input for polyester production, poses a significant challenge. In 2024, crude oil prices range between USD 60-70 per barrel, impacting the cost structure of polyester fiber manufacturers. The Indian Petrochemicals Association highlights that these fluctuations can lead to unpredictable production costs and affect profitability.

India Polyester Fiber Applications Market Government Initiatives

Production Linked Incentives (PLI) Scheme: In 2024, the Indian government’s Production Linked Incentive (PLI) scheme for textiles, with an allocation of USD 1.5 billion, aims to boost domestic manufacturing of polyester fibers. This initiative is expected to attract significant investments from both domestic and international players, enhancing production capacity and promoting exports. The Ministry of Textiles indicates that this scheme will generate substantial employment opportunities and increase the sector's contribution to the GDP.

National Technical Textiles Mission: The National Technical Textiles Mission, launched, focuses on promoting technical textiles, including those made from polyester fibers. This initiative aims to position India as a global leader in technical textiles by 2024. The mission emphasizes research and development, market development, and the creation of a skilled workforce, as reported by the Ministry of Textiles.

India Polyester Fiber Applications Market Future Outlook

The India polyester fiber applications market is poised for significant growth over the next five years, driven by increasing urbanization and fashion trends.

India Polyester Fiber Applications Future Market Trends

Growth in Technical Textiles: The demand for technical textiles, including those made from polyester fibers, is anticipated to grow rapidly. By 2028, the technical textiles market in India is expected to reach USD 25 billion, driven by applications in the automotive, construction, and healthcare sectors. The National Technical Textiles Mission will play a crucial role in fostering research, development, and innovation in this segment, positioning India as a global leader.

Expansion of Exports Market: India’s polyester fiber exports are projected to grow substantially over the next five years, with an estimated annual export value of USD 5 billion by 2028. The focus on enhancing production capabilities, improving product quality, and complying with international standards will drive this growth. The Ministry of Commerce and Industry highlights initiatives aimed at opening new export markets and strengthening existing trade relationships.Â
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