Malaysia Polyester Fabric Market revenues and volume are projected to grow at a CAGR of 6.1% and 4.3% respectively, during 2024-2030F

PET by type, was the leading category as it accomplished the maximum revenue share in Malaysia Polyester Fabric Market – 6Wreseach

In Malaysia polyester fabric market, PET dominated the revenue share in 2023 due to its favourable properties, such as high tensile strength, durability, and resistance to stretching and shrinking. These attributes make it an ideal material for a wide range of home textiles and apparel applications.

According to 6Wresearch, Malaysia Polyester Fabric Market revenues and volume are projected to grow at a CAGR of 6.1% and 4.3% respectively, during 2024-2030F. The Second National Urbanisation Policy's aim to increase Malaysia's urban population would spur growth in the home textile industry, particularly in Penang and Perak, driven by ambitious affordable housing targets, consequently expanding the market for polyester fabric in the forthcoming years. Hilton's expansion in Malaysia, alongside other hoteliers, is set to boost the demand for polyester-based textiles due to upcoming hotel openings, coinciding with the government's target to attract 23.5 million international tourists and generate $16 billion in revenue during ‘Visit Malaysia Year’ in 2025.

The popularity of Baju Kurung fashion and the rise of streetwear culture in Malaysia is driving a shift towards cotton over polyester, impacting the polyester fabric market. Thus, the rising preference for other comfortable fabrics could restrain the growth of the polyester fabric market in the apparel industry.

According to Saurav, Senior Research Analyst, 6Wresearch, in the coming years, apparel is expected to grow at a faster pace in Malaysia polyester fabric market. This growth is driven by the expanding retail landscape and the proliferation of e-commerce platforms, which make polyester apparel more accessible to a broader consumer base.

Malaysia Polyester Fabric Market (2024-2030) report provides an in-depth analysis with 15 figures and 6 tables, covered in 71 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.