| Product Code: ETC373944 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s cellulosic man-made fibers import market saw significant growth in 2024, with top exporting countries being Austria, China, Indonesia, Thailand, and the UK. Despite a slight decline in growth rate from the previous year, the compound annual growth rate (CAGR) for 2020-2024 remained impressive at 29.32%. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained very high, indicating a competitive landscape dominated by a few key players. This data suggests a dynamic and thriving market for cellulosic man-made fibers in India, with strong potential for continued growth and competition.

The India cellulosic man-made fibers market was valued at USD 5.48 billion and is estimated to reach a value of USD 8.16 billion, growing at a CAGR of 7.6% during the forecast period. This growth is mainly attributed to increasing demand for apparel made from lightweight fabrics, rising disposable income, changing lifestyle preferences and favorable government initiatives such as Make in India that encourage domestic manufacturing. Moreover, the availability of technically advanced products with superior quality that provide aesthetic looks and comfort are expected to further drive the market growth over the coming years.
The India cellulosic man-made fibers market has been driven by several factors, including the growing textile industry and the shift towards sustainable and eco-friendly textiles. Cellulosic fibers, such as viscose and modal, are derived from natural sources like wood pulp, making them more environmentally friendly than synthetic fibers. The demand for these fibers has surged as consumers become more conscious of their environmental impact and prefer clothing made from sustainable materials. Additionally, advancements in manufacturing technology have led to improved quality and versatility of cellulosic fibers, further boosting their adoption in various textile applications.
The cellulosic man-made fibers market in India has shown promising growth, driven by the increasing demand for eco-friendly and sustainable textile materials. However, there are some restraints that need to be addressed. Limited availability of raw materials, such as wood pulp, and the high production costs of these fibers compared to traditional synthetic fibers have hindered their widespread adoption. Additionally, the lack of awareness among consumers about the benefits of cellulosic fibers has also slowed down market growth.
The cellulosic man-made fibers market, which includes rayon and lyocell, experienced a downturn during the pandemic. With a drop in demand from the fashion and apparel industry, manufacturers faced inventory challenges. However, the market witnessed a gradual recovery as sustainable and eco-friendly fibers gained popularity post-pandemic.
Cellulosic man-made fibers have gained popularity in India textile industry due to their eco-friendly nature. Major players in this market include Aditya Birla Group (Grasim Industries Limited), Century Rayon, Tangshan Sanyou Group, Indo Bharat Rayon, and Thai Rayon.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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