India Elastomeric Spandex Filament Yarn Market, By Process (Knitting, Weaving, Yarn Covering), By Applications (Clothing {Sportswear, Home Furnishing, Underwear, Others}, and Medical {Diaper, Compression Stockings & Hoses, Other}), By Region, Competition, Forecast and Opportunities, 2020-2030F
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Elastomeric Spandex Filament Yarn Market, By Process (Knitting, Weaving, Yarn Covering), By Applications (Clothing {Sportswear, Home Furnishing, Underwear, Others}, and Medical {Diaper, Compression Stockings & Hoses, Other}), By Region, Competition, Forecast and Opportunities, 2020-2030F
| Forecast Period | 2026-2030 |
| Market Size (2024) | 7.72 thousand Metric Tonnes |
| CAGR (2025-2030) | 3.76% |
| Fastest Growing Segment | Clothing |
| Largest Market | North India |
| Market Size (2030) | 9.61 thousand Metric Tonnes |
Market Overview
India Elastomeric Spandex Filament Yarn Market achieved a total market volume of 7.72 thousand Metric Tonnes in 2024 and is poised for strong growth in the forecast period to reach 9.61 thousand metric tonnes, with a projected Compound Annual Growth Rate (CAGR) of 3.76% through 2030
The textile industry is an integral part of India's manufacturing sector and plays a pivotal role in the country's economy. Among the various textile components, elastomeric spandex filament yarn has gained significant importance due to its versatility and utility in a wide range of textile applications.
India is one of the world's largest textile producers and exporters, and its textile industry is continually expanding. Elastomeric spandex filament yarn is an essential component in the textile sector, used in the manufacturing of stretchable fabrics for garments, sportswear, and intimate apparel.
India is a significant player in the global fashion industry, and the country's textile manufacturers often cater to international markets. To align with global fashion trends, manufacturers require high-quality elastomeric spandex filament yarn for their products.
The production and usage of elastomeric spandex filament yarn in India are subject to regulatory guidelines set by government agencies such as the Ministry of Textiles and the Bureau of Indian Standards (BIS). These regulations ensure that the quality, safety, and compliance standards are met.
The production of spandex filament yarn depends on specific raw materials, and fluctuations in their prices can impact on production costs. The textile industry is known for its environmental impact, particularly concerning water usage and chemical waste. Sustainable practices and minimizing ecological effects are key challenges. Maintaining consistent quality and colorfastness in elastomeric spandex filament yarn is crucial for its acceptance in the textile industry.
Hence, the elastomeric spandex filament yarn market in India is intertwined with the country's thriving textile industry and its growing importance in the global fashion landscape. While challenges such as raw material costs, environmental concerns, and quality consistency need addressing, opportunities lie in sustainable production, innovation, and global exports. As India continues to strengthen its position as a global textile and fashion hub, elastomeric spandex filament yarn will remain a critical component in ensuring the comfort, fit, and quality of textiles in the domestic and international markets.
Key Market Drivers
Growing Demand from Apparel & Textile Industry Propels Indian Elastomeric Spandex Filament Yarn Market Growth
The Indian elastomeric spandex filament yarn market is experiencing significant growth, driven by the growing demand from the apparel textile industry. Elastomeric spandex filament yarn, a highly elastic and versatile material, has become a staple in the textile industry due to its unique properties and its ability to meet the specific needs of the apparel sector. As India's apparel textile industry continues to expand and diversify, the demand for elastomeric spandex filament yarn is on the rise, providing the industry with a reliable and cost-effective solution.
Elastomeric spandex filament yarn is known for its exceptional elasticity, which allows it to stretch and recover, making it a perfect choice for garments that require flexibility and comfort. In the apparel sector, it is widely used in the production of activewear, sportswear, swimwear, lingerie, hosiery, and other stretchable textiles. The stretch and recovery properties of elastomeric spandex filament yarn ensure that these garments fit comfortably, move with the body, and retain their shape even after repeated wear and washing.
In addition to swimwear, elastomeric spandex filament yarn is widely used in the production of activewear and sportswear. The apparel industry has seen a surge in demand for these products as consumers become more health-conscious and active. Elastomeric spandex filament yarn provides the necessary stretch and support for activewear and sportswear, making it an indispensable component in these segments of the apparel textile industry.
The rise of eco-conscious consumers who demand sustainably produced clothing has also fueled the growth of elastomeric spandex filament yarn. Brands and manufacturers are increasingly incorporating eco-friendly materials like elastomeric spandex filament yarn into their production processes to offer garments that are not only comfortable and stretchable but also sustainable.
Rising Demand of Spandex Filament Yarn as Medical and Healthcare Textiles Propels India's Elastomeric Spandex Filament Yarn Market Growth
The Indian elastomeric spandex filament yarn market is currently experiencing significant growth, largely driven by the rising demand for spandex filament yarn in medical and healthcare textiles. Elastomeric spandex filament yarn, known for its exceptional stretchability and comfort, has found a critical application in the medical and healthcare sector, contributing to the growth of the industry by providing versatile and high-performance textiles.
Medical and healthcare textiles are an essential component of the healthcare sector, encompassing a wide range of products, from surgical garments, compression bandages, and orthopedic supports to wound dressings and personal protective equipment (PPE). The use of elastomeric spandex filament yarn in these textiles ensures comfort, flexibility, and durability, making it an ideal choice for applications where precise fit and stretch are crucial.
The medical and healthcare sector's growth, driven in part by the COVID-19 pandemic, has led to increased demand for elastomeric spandex filament yarn. This has prompted investments in expanding production capacities and ensuring the quality and consistency of spandex yarn, as its reliability in medical and healthcare textiles is paramount.
The rise of eco-conscious consumers who demand sustainably produced medical and healthcare products has also contributed to the growth of elastomeric spandex filament yarn. Brands and manufacturers are increasingly incorporating eco-friendly materials like elastomeric spandex filament yarn into their production processes to offer healthcare textiles that are not only effective and comfortable but also sustainable.
Growing Demand from Automotive and Industrial Sectors as Elastic Webbing and Narrow Fabrics is Propelling the India Elastomeric Spandex Filament Yarn Market Growth
The Indian elastomeric spandex filament yarn market is experiencing notable growth, driven by the increasing demand from the automotive and industrial sectors for applications like elastic webbing and narrow fabrics. Elastomeric spandex filament yarn, known for its exceptional stretchability and resilience, has become an essential component in these industries, supporting a wide range of applications that require flexible and durable materials.
Narrow fabrics, including straps, bands, and ribbons, are commonly used in the automotive and industrial sectors for tasks such as fastening, securing, and reinforcement. The spandex yarn's stretchability and recovery properties make it a valuable material for narrow fabrics used in safety belts, cargo straps, and various industrial applications where flexibility and durability are essential.
The industrial sector, including manufacturing, packaging, and logistics, also benefits from elastomeric spandex filament yarn in narrow fabrics. These fabrics provide the flexibility and strength needed for a variety of applications, such as securing loads during transport, reinforcing products, and facilitating packaging solutions. As the industrial sector continues to expand, the demand for high-performance materials like elastomeric spandex filament yarn grows in tandem.
The emphasis on sustainability and eco-friendliness in the automotive and industrial sectors aligns with the use of elastomeric spandex filament yarn. Modern production processes have evolved to become more environmentally responsible, with a focus on reducing waste and energy consumption. Elastomeric spandex filament yarn contributes to these sustainability goals by minimizing waste during the manufacturing process and creating durable products that require fewer replacements, reducing overall environmental impact.
Key Market Challenges
Maintaining Consistent Quality and Performance of Spandex Filament Yarn
Maintaining consistent quality and performance of Spandex Filament Yarn is a critical challenge hindering the growth of the India Elastomeric Spandex Filament Yarn market. Spandex Filament Yarn, with its exceptional elasticity and stretch properties, is widely used in textiles, including sportswear, undergarments, and medical applications. However, ensuring uniform quality and performance characteristics is a complex task, given the precise manufacturing processes and strict quality standards required for spandex production.
Competition from International Manufacturers
Competition from international manufacturers is a formidable obstacle to the growth of the India Elastomeric Spandex Filament Yarn market. Elastomeric Spandex Filament Yarn, renowned for its exceptional elasticity and use in various textile applications, faces intense competition from overseas producers. International manufacturers, often benefiting from economies of scale and advanced technology, can offer cost-competitive alternatives, which can put pressure on domestic producers and impact their pricing strategies.
The international manufacturers may have a global presence, allowing them to tap into a broader market and establish a more extensive customer base, making it challenging for Indian manufacturers to gain a competitive edge.
Key Market Trends
Growing Demand for Sportswear and Activewear
The India Elastomeric Spandex Filament Yarn market is experiencing substantial growth, with a significant trend being the increasing demand for sportswear and activewear. Elastomeric spandex filament yarn is a vital component in the textile and apparel industry, known for its exceptional stretch and recovery properties. The surge in demand for sportswear and activewear is driven by several factors and is contributing to the growth of the Elastomeric Spandex Filament Yarn market.
One of the primary drivers of this trend is the growing awareness of health and fitness. As a more health-conscious and active lifestyle becomes increasingly prevalent, there's a surging demand for sportswear and activewear that offers comfort, durability, and flexibility. Elastomeric spandex filament yarn provides these qualities, making it a crucial element in the production of athletic garments, such as leggings, compression wear, and sports bras.
Th
Development of Innovative Products that Offer Superior Stretch and Recovery Properties
The India Elastomeric Spandex Filament Yarn market is currently witnessing significant growth, with a prominent trend being the development of innovative products that offer superior stretch and recovery properties. Elastomeric spandex filament yarn, known for its exceptional elasticity and flexibility, plays a crucial role in the textile and apparel industry. The pursuit of innovation in this market is driven by several significant factors and is contributing to its expansion.
One of the primary drivers of this trend is the ever-increasing demand for more comfortable and high-performance textiles. Consumers are seeking clothing that not only fits well but also provides freedom of movement, making elastomeric spandex filament yarn an essential component in various types of garments, from activewear and swimwear to undergarments. The development of spandex yarn with superior stretch and recovery properties addresses these demands, resulting in more comfortable and functional clothing.
Technological advancements in spandex production are facilitating the development of innovative products. New manufacturing techniques and material innovations are leading to spandex yarn with enhanced properties, including better stretch recovery, moisture-wicking capabilities, and improved durability. These innovations are reshaping the textile industry, meeting consumer expectations for performance and comfort.
Segmental Insights
Application Insights
Based on the application, the clothing segment is projected to experience rapid growth during the forecast period. This growth is attributed to widespread use of spandex in clothing to achieve stretch, comfort, and fit, the versatile properties of spandex, the demands of domestic and international clothing markets, and the growing trend of athleisure and fitness wear.
Elastomeric Spandex Filament is widely used in the clothing industry to provide stretch, comfort, and a snug fit in various apparel categories. Spandex filament is incorporated into fabrics to create stretchable textiles, making it an essential component in the production of clothing. Whether it's sportswear, activewear, intimate apparel, or everyday clothing, the demand for comfortable and form-fitting garments has driven the prominence of the clothing segment.
Regional Insights
Based on the region, the dominance of the North region in the Indian Elastomeric Spandex Filament Yarn market can be attributed to its concentration of textile and garment manufacturing, its role as a fashion and apparel hub, the varied climate conditions that necessitate versatile clothing, and the substantial consumer market in the region.
The North region of India, comprising states like Uttar Pradesh, Haryana, and Punjab, is known for its well-established textile and garment manufacturing clusters. These states have a significant presence of textile mills, weaving units, and garment factories. The demand for Elastomeric Spandex Filament Yarn is high in this region due to its use in producing stretchable fabrics for clothing, including sportswear and athleisure garments.
The North region experiences a wide range of climatic conditions, from hot summers to cold winters. This diversity in climate encourages the production of clothing suitable for various seasons, and Elastomeric Spandex Filament Yarn is used to create fabrics that offer comfort and flexibility in response to changing weather conditions.
Recent Development
- In 2022, To support the Indian textile and apparel industry, the government has lifted the anti-dumping duty (ADD) on Elastomeric Filament Yarn (EFY), commonly known as spandex yarn. This move comes as a response to the changing market dynamics since the duty was initially imposed in 2017 for a period of five years. EFY, widely utilized in dress materials, particularly denim products, as well as stretch garments, will no longer be subject to ADD, which ranged from $0.15/kg to $3.34/kg (₹13 to ₹250) and was previously applicable until May 2, 2022. This decision acknowledges the substantial demand-supply gap in the domestic market, necessitating imports from China, South Korea, Vietnam, and Taiwan. The removal of ADD is expected to enhance the competitiveness of the Indian textile industry in global markets by creating a level playing field and enabling the import of high-quality EFYs at competitive rates. Recent announcements by the finance minister regarding relief measures for the manufacturing sector, including reductions in excise duty and customs duty on essential raw materials, are anticipated to alleviate the impact of inflationary trends and benefit the textiles and clothing industry as a whole.
Key Market Players
- Indorama India Private Limited
- Pracham
Creation
- Associated
Chemical Corporation
- Sitaram
Spinners Pvt. Ltd.
- Sunheri Texcraft Pvt. Ltd.
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