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Research and Markets: Globally, Share of Man Made Fibre Consumption in Textiles Is 65% Compared To 45% in India
Tuesday August 18, 04:30 AM
Research and Markets (http://www.researchandmarkets.com/research/10176b/indian_man_made_fi)
has announced the addition of the "Indian
Man Made Fibre Industry" report to their offering.
The Indian MMF industry dominated by polyester (70%) and viscose (10%)
was valued at USD 4.63 bn in FY08. RIL and Grasim are the key players in
the above segments respectively and India ranks amongst the top 3
countries in polyester production.
Globally, share of MMF consumption in textiles is 65% compared to 45% in
India. The higher consumption of cotton is due to higher production of
cotton domestically and tropical climate favoring cotton clothing.
However, demand for MMF especially polyester is continuously rising and
it has an inverse relationship with prices of cotton. With prices of
cotton expected to remain higher, polyester consumption will improve.
In the current economic crisis, how will the Indian MMF industry cope
up? What are the new emerging trends in the industry? The report seeks
to answer the above issues using reliable sources of primary and
secondary data and the author's views on the same.
The author's report on the Indian MMF industry provides statistical data
on various MMF products, industry outlook and its concerns.
The report is indispensable for any company in the textile industry,
banks/ FIs, policy makers, research & academic organizations, other
international and national agencies, etc. Additionally, the 12 monthly
updates (for the period September 2009 to August 2010) accompanying the
subscription of the said report would form a potent tool for the
subscribers to keep abreast of the happenings in the industry.
The Indian Textile Industry is one of the most important and integrated
industries in the Indian economy providing employment to about 35 mn
people directly and 50 mn people indirectly. The market size in FY08 is
estimated at USD 52 bn and accounts for 26% of the manufacturing sector,
20% of the industrial production and 18% of total industrial employment.
The industry also contributes 15% to gross export earnings and 4% to
national GDP. The textile industry can be segmented into natural fibres
and man-made fibres (MMF) based on use of basic raw material, cotton or
crude derivate respectively.
MMF industry can be further classified into:
a) Synthetic fibres (derived from petrochemical processing) comprises
Polyester, Acrylic, Olefin, Nylon & Spandex b) Cellulosic fibre (derived
from cellulose in cotton & wood pulp) comprises Rayon (Viscose), Acetate
fibres & Triacetate.
The domestic MMF industry is dominated by polyester (70%) and viscose
(10%) and is valued at USD 4.63 bn in FY08. RIL and Grasim are the key
players in both the segments respectively. India also ranks amongst the
top 3 major producers of polyester in the world. Globally the share of
MMF consumption in textiles is 65% compared to 45% in India. Due to
ample availability of cotton and tropical climate, cotton is considered
a preferred choice over MMF, especially polyester.
The Indian MMF industry is characterised by cyclical nature with strong
linkages to GDP growth and consumer spending, low per capita consumption
at 2 kgs compared to 12 kgs in China and 11 kgs in Europe, higher
environmental burden as compared to natural fibres, higher raw material
cost and margins dependent on crude price volatility.
The demand drivers of the industry are increasing population & changing
fashion trends, higher %age of working women, higher disposable income,
use of plastic cards & superior demographic factors. The industry
however lacks modernization & economies of scale thereby reducing its
export competitiveness.
With the recent downturn in the global and domestic economies, textile
sector has been severely hit. GoI has provided various benefits in the
form of reduced taxes and export benefits to revive the sector as it
generates huge export revenues and provides large employment.
The author expects that going forward the overhang of global
recessionary conditions will continue and exports will continue to be
affected. However, long term prospects remain positive due to higher
domestic demand and switch over from cotton due to higher cotton prices.
The author foresees home textiles, technical textiles, accessories to be
newer growth areas of MMF.
Key Topics Covered:
Executive Summary
Overview of The Indian Textile Industry
Classification Of Man Made Fibres
Production Process
Characteristics Of Indian MMF Industry
Demand Drivers
Product wise Industry Statistics
Cost Analysis
Cotton & Man Made Fibre
SWOT Analysis
Outlook & Concerns
Company Profile
Annexures
Figure Index
Table Index
Companies Mentioned:
Reliance Industries Ltd.
Indo Rama Synthetics Ltd
Century Enka ltd.
Garden Skill Mills
Alok Industries Ltd.
Grasim Industries Ltd.
For more information visit http://www.researchandmarkets.com/research/10176b/indian_man_made_fi
Contact:Laura WoodSenior Managerpress@researchandmarkets.comFax
from USA: 646-607-1907Fax from rest of the world: +353-1-481-1716
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