Thailand Polyester Fabric market revenue is projected to grow at a CAGR of 7.8% from 2024-2030

By Types, PET (Polyethylene Terephthalate) polyester fabric category was the dominant as it attained the highest revenue share in Thailand Polyester Fabric Market – 6Wresearch

PET (Polyethylene Terephthalate) polyester fabric has garnered the major revenue share in the Thailand polyester fabric industry as it is highly favoured for its excellent durability, resistance to wrinkles, and ease of maintenance, making it a popular choice across various applications such as apparel, home textiles, and industrial uses. Moreover, it is expected that apparel market would growth by 81% by 2030 from $10.2 billion on clothing in 2018, which would further contribute to the market growth.

According to 6Wresearch, Thailand Polyester Fabric market revenue is projected to grow at a CAGR of 7.8% from 2024-2030. The polyester fabric market in Thailand has experienced growth in recent years, positioning the country as the 9th largest producer of synthetic fibers globally, with an annual output of over 800,000 tons of cotton and man-made yarns. A survey conducted from April to September 2020 revealed that 43% of Thai respondents plan to increase their spending on home and living Types over the next three years.

Additionally, revenue in Thailand's apparel market is forecast to rise by $0.6 billion (+8.96%) between 2024 and 2028, reaching a peak of $7.25 billion. Thai consumers spent $10.2 billion on clothing in 2018, with an anticipated 81% market growth by 2030. Furthermore, the Thai hotel industry is expected to add approximately 10,000 new rooms in 2024, boosting demand for polyester home textiles, carpets, and rugs. Moreover, with 3,725 new rooms expected from 13 luxury hotels opening in Bangkok between 2023 and 2025, there will be a significant increase in demand for polyester fabric for home textiles, carpets, rugs, and more. Additionally, Owing to upcoming housing projects such as So Origin Kaset Interchange, So Origin Phahol69 Station, Origin Plug and Play Srinakarin, Origin Play Sri Udom Station, Origin Play Bangkhunnon, So Origin Siriraj during the period 2024-2026 would add around 3,063 units in Samut Prakan and Bangkok which would further propel the market of polyester fabric due to increased needs for interior decoration.

Polyester, a synthetic fiber that typically takes 20 to 200 years to decompose, presents significant environmental concerns. Along with consumer preference for cotton, this poses a notable restraint to the growth of the polyester fabric market in Thailand.

According to Vasudha, Senior Research Analyst, 6Wresearch, fabrics with a polyester content above 40%, up to 70%, are expected to grow at a faster rate in the coming years. This growth is driven by the rise of fast fashion, which has significantly increased the demand for affordable and versatile fabrics that can be quickly manufactured and brought to market.

Thailand Polyester Fabric Market (2024-2030) report provides an in-depth analysis with 15 figures and 6 tables, covered in 69 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.