'Borana Weaves has come up with presentation that offers analysis of the demand for variety of fibres in the fabric market.
India produces 4.5–5 million tonnes of synthetic fibre annually out of which 80% is consumed domestically. Polyester filament yarn (PFY) is expected to grow to 3.06 million tonnes by 2030 (CAGR 3.2%) from 2.53 million tonnes in 2024. Synthetic fibre’s overall growth rate is at 5.6% CAGR through to 2030. There’s strong growth in addressable market providing runway for capacity expansion, product diversification and scale economies.
India is among the top exporters of polyester yarn - exports to over 100 countries including Turkey, Brazil and Bangladesh. Globally, India ranks third in polyester yarn exports. There’s good potential to increase export market share, especially if product quality, certifications, and supply chain logistics improve. It is favourable for foreign investment or export-oriented facilities.
The key growth drivers/trends are...
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