Product Code: ETC373944 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
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.