Mmf Industries
Indian Man Made Fibre Industry.
Indian Man Made Fibre Industry (. http://www.bharatbook.com/Market-Research-Reports/Indian-Man-Made-Fibre-Industry.html) 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.
The report elucidates facts on the Indian MMF Industry, supplemented by the. latest available global & domestic data. Emphasis is laid on the following topics to accomplish the report.
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Evolution & Overview of the Indian. Textile Industry.
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Classification of textile fibres & MMFs and product details.
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Characteristics of the industry elaborated. with respect to lower per capita consumption, cyclical nature and strong linkages to GDP, lower exports, etc.
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Demand drivers of the industry with emphasis on. urbanization, substitution from cotton, higher disposable income, higher% age of working women, superior demographic factors, etc.
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Domestic demand-supply,. imports-exports and price scenario for various MMF products from FY03-FY08 along with global production trend Cost analysis of key players with emphasis on raw material, power & fuel and interest. cost.
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SWOT Analysis.
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A brief overview of six key companies with latest 3 years data on financial and operational parameters,. company action plan, their strengths and weaknesses and company outlook.
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