India Synthetic Fibers Market Report, Industry Overview and Forecast by 2033

# India Synthetic Fibers Market Report, Industry Overview and Forecast by 2033 <h3>MARKET OVERVIEW</h3> The India Synthetic Fibers Market size was USD 3.24 Billion in 2024 and is projected to reach USD 6.53 Billion by 2033, growing at a CAGR of 7.50% during 2025-2033. Growth is driven by increasing demand for technical textiles and synthetic apparel, supported by government policies including import regulations and incentives. Odisha’s emerging role in fiber manufacturing and the adoption of performance-based textiles further advance market expansion. The report presents a thorough review featuring the <a href="https://www.imarcgroup.com/india-synthetic-fibers-market">India Synthetic Fibers Market Report</a>, trends, and research of the industry. STUDY ASSUMPTION YEARS <ul> <li style="font-weight: 400;">Base Year: 2024</li> <li style="font-weight: 400;">Historical Year/Period: 2019-2024</li> <li style="font-weight: 400;">Forecast Year/Period: 2025-2033</li> </ul> INDIA SYNTHETIC FIBERS MARKET KEY TAKEAWAYS <ul> <li style="font-weight: 400;">Current Market Size: USD 3.24 Billion in 2024</li> <li style="font-weight: 400;">CAGR: 7.50% during 2025-2033</li> <li style="font-weight: 400;">Forecast Period: 2025-2033</li> <li style="font-weight: 400;">Rising demand for technical textiles across automotive, healthcare, construction, and defense industries is boosting market growth.</li> <li style="font-weight: 400;">Odisha is emerging as a key player due to strategic advantages like port access and cost-effective labor.</li> <li style="font-weight: 400;">Government incentives like the Production-Linked Incentive (PLI) scheme encourage synthetic fiber production investments.</li> <li style="font-weight: 400;">Preference for synthetic apparel is increasing driven by affordability, durability, and versatility.</li> <li style="font-weight: 400;">Import regulations, including extended Minimum Import Price (MIP), support domestic manufacturers by limiting low-cost imports.</li> </ul> Sample Request Link: <a href="https://www.imarcgroup.com/india-synthetic-fibers-market/requestsample">https://www.imarcgroup.com/india-synthetic-fibers-market/requestsample</a> MARKET TRENDS India's synthetic fibers market is growing due to strong demand for technical textiles used in automotive, healthcare, construction, and defense sectors, where durability and functionality are crucial. The government's push for infrastructure development and industrial expansion has further fueled demand. Innovations in fiber technology delivering fire resistance, water repellency, and durability contribute to this trend. Odisha is poised to lead the global synthetic fiber textile industry by 2025, backed by strategic advantages such as port access, mineral resources, and affordable labor. This bolsters India's production capacity and supports large-scale manufacturing of specialized synthetic fibers for technical uses. The adoption of smart textiles in defense and medical sectors is rising, fostering market expansion. Supportive government schemes like the Production-Linked Incentive (PLI) for textiles encourage investments, positioning India as a significant technical textiles hub. Consumer preference for synthetic apparel is increasing, fueled by affordability, durability, and versatility. Polyester and nylon are popular due to moisture-wicking properties, wrinkle resistance, and fast fashion suitability. Rising middle-class income levels drive demand for stylish, cost-effective clothing. Sportswear and activewear segments also experience notable growth due to comfort and flexibility. India extended its Minimum Import Price (MIP) on synthetic fibers until December 31, 2024, to protect domestic manufacturers by limiting low-cost imports. This regulatory change supports local production, making domestic synthetic fabrics more accessible and competitive. Domestic manufacturers are ramping up capacity under a self-reliance focus. Major fashion brands increasingly source synthetic fabrics locally, aided by eco-friendly fiber innovations addressing sustainability-conscious consumers. Synthetic fibers are set to dominate India's textile sector. For detailed insights, visit the India synthetic fibers market report page: <a href="https://www.imarcgroup.com/india-synthetic-fibers-market">https://www.imarcgroup.com/india-synthetic-fibers-market</a> MARKET GROWTH FACTORS Growth is bolstered by government measures that support domestic production through import regulation and incentives. Odisha’s emergence as a key manufacturing hub leverages port access, mineral wealth, and affordable labor, enhancing production scale and capability. The rising use of technical textiles in sectors like automotive and healthcare, requiring materials with enhanced properties such as durability and fire resistance, drives demand. Production-Linked Incentive (PLI) schemes facilitate increased investment in synthetic fiber manufacturing. Consumer demand for synthetic apparel grows with rising disposable incomes and middle-class expansion. Apparel demand is supported by synthetic fabrics’ affordability and performance attributes. Regulatory controls on imports strengthen domestic market competitiveness. MARKET SEGMENTATION Type Insights: <ul> <li style="font-weight: 400;">Polyester: A commonly used synthetic fiber known for durability and versatility in apparel and technical textiles.</li> <li style="font-weight: 400;">Nylon: Durable and elastic fiber used in clothing and industrial applications.</li> <li style="font-weight: 400;">Acrylics: Lightweight synthetic fiber, similar to wool, used in clothing and home furnishings.</li> <li style="font-weight: 400;">Polyolefin: Fibers such as polypropylene offering chemical resistance, applied in filtration and home furnishings.</li> <li style="font-weight: 400;">Others: Includes all other synthetic fiber types outside the above categories.</li> </ul> Application Insights: <ul> <li style="font-weight: 400;">Clothing: Extensive use of synthetic fibers for affordable and performance-oriented apparel.</li> <li style="font-weight: 400;">Home Furnishing: Application in textile interiors, upholstery, and decorative fabrics.</li> <li style="font-weight: 400;">Automotive: Use in vehicle interiors, filtration, and safety textiles.</li> <li style="font-weight: 400;">Filtration: Fibers applied in air and water filtration products.</li> <li style="font-weight: 400;">Others: Additional diverse applications of synthetic fibers.</li> </ul> Regional Insights: <ul> <li style="font-weight: 400;">North India</li> <li style="font-weight: 400;">South India</li> <li style="font-weight: 400;">East India</li> <li style="font-weight: 400;">West India</li> </ul> These regions represent major markets analyzed for size and growth dynamics. REGIONAL INSIGHTS Odisha stands out as a dominant region due to strategic advantages like port access, mineral resources, and cost-effective labor. By January 2025, it is forecast to lead the global synthetic fiber textile industry, strengthening India’s production capacity and enabling large-scale manufacturing of specialized synthetic fibers for technical applications. Get Your Customized Market Report Instantly: <a href="https://www.imarcgroup.com/request?type=report&id=30567&flag=E">https://www.imarcgroup.com/request?type=report&id=30567&flag=E</a> RECENT DEVELOPMENTS & NEWS <ul> <li style="font-weight: 400;">In February 2025, RSWM Limited secured the 1st Runner-Up award for "Innovative Water Management and Conservation" at the CITI Textile Sustainability Awards, showcasing investments in sustainable practices like water recycling and energy-efficient technologies.</li> <li style="font-weight: 400;">In September 2024, Paramount Dye Tec Limited launched an IPO to raise INR 28.43 Crore, focusing on recycling waste synthetic fibers into high-quality yarns, aligning with increasing demand for sustainable textiles and expanding market share.</li> </ul> If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization. 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