Product Code: ETC13000974 | Publication Date: Apr 2025 | Product Type: Market Research Report | ||
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The India polyester market import shipment demonstrated strong growth from 2020 to 2024, with a robust CAGR of 19.8%. However, the growth rate slightly moderated between 2023 and 2024 to 4.7%. Overall, the market exhibited expansion with a positive momentum during the period.
The India polyester market is a significant segment of the country`s textile industry, driven by factors such as increasing demand for textiles, apparel, home furnishings, and industrial applications. The market is primarily dominated by polyester staple fiber (PSF) and polyester filament yarn (PFY) products, catering to various end-user industries. With the growing population and rising disposable income levels in India, there is a continuous demand for polyester products due to their affordability, durability, and versatility. The market is highly competitive with key players such as Reliance Industries, Indorama Ventures, and Alok Industries leading the way. Government initiatives promoting domestic manufacturing and investments in the textile sector further support the growth of the India polyester market, making it a crucial component of the country`s economic landscape.
The India polyester market is experiencing a growing demand due to its versatile applications across various industries such as textiles, automotive, packaging, and construction. One of the key trends in the market is the increasing emphasis on sustainable and eco-friendly polyester production processes, driven by growing environmental concerns and regulatory pressures. Manufacturers are investing in innovative technologies to reduce carbon footprints and improve energy efficiency in polyester production. Additionally, there is a rising demand for recycled polyester, known as rPET, as consumers are becoming more conscious about sustainability. The market is also witnessing a shift towards value-added specialty polyester products, such as high-performance fibers and polymers, to cater to evolving consumer preferences and industry requirements. Overall, the India polyester market is poised for growth driven by sustainability initiatives and technological advancements.
In the India polyester market, challenges include fluctuating raw material prices, intense competition from other synthetic fibers, and changing consumer preferences towards sustainable and eco-friendly materials. The volatility of crude oil prices, which directly impacts the cost of polyester production, adds uncertainty to the market. Additionally, the rise of alternative fibers such as cotton, viscose, and recycled materials poses a threat to polyester`s market share. With increasing awareness about environmental issues, consumers are now seeking more sustainable and biodegradable options, making it crucial for polyester manufacturers to innovate and adapt to these changing demands to stay competitive in the market.
The India polyester market offers various investment opportunities due to the growing demand for polyester products in sectors such as textiles, packaging, automotive, and construction. Investing in polyester manufacturing plants or expanding existing facilities can be a lucrative option, considering the country`s robust textile industry and increasing consumption of polyester fibers. Additionally, investing in research and development for innovative polyester products, such as sustainable or high-performance materials, can provide a competitive edge in the market. With the government`s focus on promoting domestic manufacturing through initiatives like the `Make in India` campaign, investing in the India polyester market presents promising prospects for long-term growth and profitability.
The Indian government has implemented various policies to support the polyester market in the country. These policies include the National Textile Policy, which aims to boost the textile industry, of which polyester is a key component. Additionally, the government has introduced schemes such as the Technology Upgradation Fund Scheme (TUFS) to encourage investments in modernizing textile manufacturing processes, including polyester production. Import duties and tariffs on polyester products are also regularly reviewed to protect domestic producers and promote local manufacturing. The government has also focused on promoting sustainability in the polyester market by encouraging the adoption of eco-friendly production techniques and recycling initiatives. Overall, these policies aim to enhance the competitiveness of the Indian polyester market and support its growth in both domestic and international markets.
The future outlook for the India polyester market appears promising, driven by factors such as the growing demand for textiles, apparel, and packaging materials. The increasing population, rising disposable income levels, and changing consumer preferences towards synthetic fibers are expected to fuel the market growth. Additionally, advancements in technology leading to the development of innovative and sustainable polyester products are likely to further boost market expansion. However, challenges such as fluctuating raw material prices and environmental concerns related to polyester production could impact the market dynamics. Overall, with the ongoing industrialization and urbanization trends in India, coupled with a focus on sustainability, the polyester market is anticipated to witness steady growth in the coming years.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Polyester Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Polyester Market Revenues & Volume, 2021 & 2031F |
3.3 India Polyester Market - Industry Life Cycle |
3.4 India Polyester Market - Porter's Five Forces |
3.5 India Polyester Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Polyester Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.7 India Polyester Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 India Polyester Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.9 India Polyester Market Revenues & Volume Share, By Processing Technology, 2021 & 2031F |
4 India Polyester Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for polyester in the textile industry due to its affordability and versatility |
4.2.2 Increasing focus on sustainability and eco-friendly products, as polyester can be recycled and is energy-efficient compared to other materials |
4.2.3 Rise in disposable income leading to higher consumer spending on clothing and home textiles |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices, such as crude oil and petrochemicals, impacting the production cost of polyester |
4.3.2 Competition from other synthetic fibers like nylon and acrylic, as well as natural fibers such as cotton and wool |
5 India Polyester Market Trends |
6 India Polyester Market, By Types |
6.1 India Polyester Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Polyester Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 India Polyester Market Revenues & Volume, By PET Fibers, 2021 - 2031F |
6.1.4 India Polyester Market Revenues & Volume, By PET Films, 2021 - 2031F |
6.1.5 India Polyester Market Revenues & Volume, By PET Resins, 2021 - 2031F |
6.2 India Polyester Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 India Polyester Market Revenues & Volume, By Apparel, 2021 - 2031F |
6.2.3 India Polyester Market Revenues & Volume, By Home Furnishing, 2021 - 2031F |
6.2.4 India Polyester Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.2.5 India Polyester Market Revenues & Volume, By Electronics, 2021 - 2031F |
6.3 India Polyester Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Polyester Market Revenues & Volume, By Textiles, 2021 - 2031F |
6.3.3 India Polyester Market Revenues & Volume, By Packaging, 2021 - 2031F |
6.3.4 India Polyester Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.3.5 India Polyester Market Revenues & Volume, By Medical, 2021 - 2031F |
6.4 India Polyester Market, By Grade |
6.4.1 Overview and Analysis |
6.4.2 India Polyester Market Revenues & Volume, By Semi-Dull, 2021 - 2031F |
6.4.3 India Polyester Market Revenues & Volume, By Bright, 2021 - 2031F |
6.4.4 India Polyester Market Revenues & Volume, By Dope Dyed, 2021 - 2031F |
6.4.5 India Polyester Market Revenues & Volume, By Optical Bright, 2021 - 2031F |
6.5 India Polyester Market, By Processing Technology |
6.5.1 Overview and Analysis |
6.5.2 India Polyester Market Revenues & Volume, By Direct Spinning, 2021 - 2031F |
6.5.3 India Polyester Market Revenues & Volume, By Melt Spinning, 2021 - 2031F |
6.5.4 India Polyester Market Revenues & Volume, By Extrusion, 2021 - 2031F |
6.5.5 India Polyester Market Revenues & Volume, By Others, 2021 - 2031F |
7 India Polyester Market Import-Export Trade Statistics |
7.1 India Polyester Market Export to Major Countries |
7.2 India Polyester Market Imports from Major Countries |
8 India Polyester Market Key Performance Indicators |
8.1 Polyester recycling rate in India |
8.2 Adoption rate of eco-friendly polyester production technologies |
8.3 Percentage of polyester imports compared to domestic production |
8.4 Investment in polyester manufacturing capacity expansion |
8.5 Innovation rate in polyester product development |
9 India Polyester Market - Opportunity Assessment |
9.1 India Polyester Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Polyester Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.3 India Polyester Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 India Polyester Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.5 India Polyester Market Opportunity Assessment, By Processing Technology, 2021 & 2031F |
10 India Polyester Market - Competitive Landscape |
10.1 India Polyester Market Revenue Share, By Companies, 2024 |
10.2 India Polyester Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |