Polyester yarn is a synthetic fiber that has come a long way since its early days of leisure suits. It is widely used in various industries due to its durability, strength, and resistance to wrinkles and shrinking. Polyester yarns are made of PET (Polyethylene Terephthalate) fibers, which are strong and can be utilized in multifilament and monofilament forms.
Polyester yarns are robust and elastic, easy to care for, and resistant to wrinkles. They also keep their shape well. Its strength and resistance to chemicals and abrasion make it suitable for various purposes.
The market for polyester fibers was estimated to be worth $81.1 billion globally in 2022, and it is anticipated to increase to $160.1 billion by 2032, with a CAGR of 7.1% from 2023 to 2032.
The global demand for polyester has been increasing, accounting for 56% of worldwide global fiber demand in 2022.
There are different types of polyester yarns used in various applications.
Asia-Pacific dominates the global polyester fiber market, driven by the growth of the apparel industry, rapid urbanization, and rising disposable income in the region. The Indian polyester yarn market is influenced by factors such as population growth, urbanization, and increasing disposable income, which drive the demand for textiles and apparel.
GreyViews revealed in their report that the Indian polyester fiber market, which was valued at USD 7.5 billion in 2022, is anticipated to rise at a CAGR of 8.2% from 2023 to 2030, reaching USD 14.08 billion.
India is the third-largest exporter in the world. In 2020–21, textiles, clothing, and handicrafts made up 11.4% of India's overall exports; each year, polyester's contribution increases.
According to a report from Wazir Advisors
Established - 1973
Plant - Surat, Gujarat
RIL, with a capacity of 2.5 million tonnes annually, stands as the world's largest producer of polyester fiber and yarn, not only in India but across the globe. Reliance is a pioneering manufacturer of Polyester Staple Fiber and tow, tailored for Woven, Knitted, and Non-woven applications. The range of polyester products by RIL finds its way to numerous countries, including the United States, Europe, and Asia.
RIL is not only the major polyester yarn manufacturer in Surat but also in India.
Established - 1985
Plants - Silvassa & Palghar
With cutting-edge multi-polymer yarn manufacturing technology, AYM Syntex is a top specialty synthetic yarn producer in India. The company specializes in the production of synthetic yarns, including polyester, nylon, recycled polyester, and specialties. It offers polyester and nylon high-tenacity yarns for different applications such as belting, coated fabrics, sewing threads, fish nets, filter fabrics, and cable.
AYM Syntex is the largest Indian manufacturer of Bulk Continuous Filament (BCF) yarns and has a significant presence in the global market and exports its products to various countries.
Established - 1989
Plant - Nagpur, Maharashtra
IndoRama has an annual capacity of 6,10,050 tonnes. A number of polyester goods are offered by the company, including Polyester Staple Fiber (PSF), Partially Oriented Yarn (POY), Draw Texturized Yarn (DTY), Fully Drawn Yarn (FDY), and Polyester Chips.
With a strong presence in multiple countries, the Indo Rama Group is a major player in Textiles, Polyesters, and Industrial Chemicals. They have a global reach spanning five continents and 49 countries, including Asia, Europe, Africa, North America, and South America.
Established - 1979
Plant - Silvassa, Maharashtra
Beekaylon is a leading name in the Synthetic Yarn Processing (Polyester) industry and stands as one of India's largest dope-dyed yarn manufacturers. Their wide-ranging product portfolio serves diverse markets, from automotive to home furnishings.
In 2019, the company’s capacity was 500 Mt per month which was set to expand to 800 Mt per month by late 2022 due to ongoing expansion. Their global presence is marked by exports to 22 countries, including Canada, USA, Dubai, Australia, Germany, and Switzerland.
Established - 1996
Plant - Panipat, Haryana
Established in 1987, the Wellknown Group began its journey with Wellknown Textile Industries Ltd (WTIL), followed by Wellknown Polyesters Ltd (WPL) in 1996. The company is one of the largest integrated Polyester Filament Yarn (PFY) producers in India and specializes in dyed polyester and air-textured yarn. With a continuous polymerization unit in Daman, they boast an annual production capacity of 450,000 metric tonnes per annum (MTPA).
There is a significant amount of Polyester Yarn Manufacturers in Tamil Nadu. Sri Karpaga Vinayaga Spinners, Swami Palaniandavar Spinners India Pvt Ltd, Janani Yarn Dyeing, Sai Venkateshwara Yarns, Khs Spintex, and Shri Venkateswara Yarn are some well-known names of the state.
Also, there exists a substantial gathering of polyester yarn manufacturers in Delhi, tapping into the benefits of its geographical position and its role as the capital city.
The future of polyester yarn in India shines bright. With its diverse applications, durability, and increasing demand for textiles, the industry is poised for growth. India's role in the global market, along with rising disposable income and urbanization, will fuel this expansion. As the nation continues to lead in textiles, the polyester yarn sector promises a prosperous and innovative future.
Author: The Yarn Bazaar
Published By: The Yarn Bazaar