Domestic technical textiles Industry Segment-wise consumption of ...

Current Market size and future potential
The current and future forecast of the domestic usage of elastic narrow fabrics is given below:
Domestic usage of Elastic narrow
fabrics
2007-08 2012-13
Quantity
830 million
meters
1,110 million
meters
Value Rs 365 crore Rs 625 crore
Source: Industry survey, IMaCS Analysis
The market size for elastic narrow fabrics is estimated at 830 million meters valued at Rs. 365 crore.
The demand for elastic tapes is expected to increase to 1110 million meters by 2012-13 registering a
growth rate of 6% per annum. The market potential in 2012-13 is estimated to be Rs. 623 crore. An
inflationary increase of 5% has also been considered to estimate the market size.
Key manufacturers of elastics
Spica Elastic Private Limited is the largest manufacturer of narrow elastic fabrics in India with
installed capacity of 18 million metres of narrow fabrics per month. The company has vertically
integrated production facilities and manufactures broad range of products including men’s jacquard
elastics for briefs and boxers, men’s plain elastics for briefs and boxers, bra strap elastics and ladies
panty elastics in 100% Cotton, Nylon and Polyester.
The major producers of elastics in India are given as follows:
Manufacturer Year Production
(million
meters)
Value
(Rs crore)
Price
(Rs per
meter)
Installed capacity
(Million Meters)
Spica Elastics 2007-08 180 NA NA 216
Sky Industries 2007-08 141.5 27.2 2 202.9
B. R. Elastic 2007-08 7.25 NA NA NA
Source: Spica Group website, Sky Industries annual report
Import and Exports of elastics
The import figures for elastic narrow fabrics are as given below:-