On the basis of types, the PET category accomplished the highest revenue share in the Cambodia Polyester Fabric Market – 6Wresearch
PET polyester fabric segment accounted for the largest revenue share in the polyester market, with applications in mats, carpets, and household textile items due to its high strength-to-weight ratio, stiffness, and ductility. Moreover, Polyester-blended fabrics, comprising polyester content surpassing 40% and extending to 70%, hold a commanding position in the Cambodian market, primarily owing to their resilience, cost-effectiveness, adaptability, and alignment with the region's climatic conditions.
According to 6Wresearch, Cambodia Polyester Fabric market revenue is projected to grow at a CAGR of 6.4% from 2024-2030. The polyester fabric market in Cambodia has seen significant growth recently due to increased demand from the apparel and garment industry which is crucial to Cambodia's economy, contributing over 40% of total merchandise exports and making a substantial contribution to GDP, with garment exports exceeding $9 billion in 2022. Moreover, in 2022, the residential sector, a primary consumer of polyester fabric, experienced a notable uptick, with residential villa development increasing by 60% and apartment construction soaring by 183% compared to the previous year.
Cambodia's urban population is forecasted to reach 7.92 million by 2030, constituting 44% of the total population, up from 6.13 million or 39.5% in 2019 due to which the country will require over 1.1 million new homes, with approximately 800,000 needed in Phnom Penh, cities, and surrounding areas. This growth is anticipated to drive demand for home textiles and furnishings such as curtains and blinds, consequently boosting the demand for polyester fabric within Cambodia.
According to Vasudha, Senior Research Analyst, 6Wresearch, polyester-blended fabrics, comprising polyester content surpassing 40% and extending to 70%, hold a commanding position in the Cambodian market, primarily owing to their resilience, cost-effectiveness, adaptability, and alignment with the region's climatic conditions. Furthermore, the climate of Cambodia, characterized by its tropical heat and humidity, further enhances the appeal of polyester fabrics.
Cambodia Polyester Fabric Market (2024-2030) report provides an in-depth analysis with 14 figures and 6 tables, covered in 70 pages. The report comprehensively covers the market by types, application and polyester content. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.
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