Vietnam Polyester Fabric Market revenues and volume are projected to grow at a CAGR of 7.9% and 6.1% respectively, during 2024-2030F

Apparel by application generated a significant revenue share in Vietnam Polyester Fabric Market – 6Wresearch

Apparel garnered the major revenue share in the Vietnam polyester fabric market owing to the versatility of polyester fabric, which allows for a wide range of apparel products, from everyday wear to specialized sportswear, further boosting its popularity.

According to 6Wresearch, Vietnam Polyester Fabric Market revenues and volume are projected to grow at a CAGR of 7.9% and 6.1% respectively, during 2024-2030F. This rapid urbanization in the country is anticipated to fuel growth in revenue for Vietnam's home textile industry, driven by the rise in demand for home textile products such as carpets, rugs, and more. Thus, creating demand for polyester fabric in such applications during the forthcoming years.

Additionally, the nation aims to achieve full tourism recovery by 2025, with the objective of hosting 18 million international visitors and setting a long-term goal of attracting 35 million foreign tourists by 2030. Therefore, seizing this opportunity, hoteliers such as JW Marriott International Inc. and Accor are slated to launch multiple projects in the coming years. Thus, this surge in demand for home textile products such as bedding, curtains, sofa fabrics, carpets, and rugs would simultaneously bolster the demand for polyester fabric in the years ahead.

Vietnam is adopting natural fibers like banana fiber to reduce microfiber pollution, addressing concerns over polyester's environmental impact. However, the country's reliance on imported polyester fabric due to a shortage of domestic synthetic material would hinder market growth amid rising raw material prices.

According to Saurav, Senior Research Analyst, 6Wresearch, in Vietnam polyester fabric market, PET accounted major revenue share in 2023 owing to their favorable properties, including high tensile strength, durability, and resistance to stretching and shrinking, making it an ideal material for a wide range of home textile and apparels applications.

Vietnam Polyester Fabric Market (2024-2030) report provides an in-depth analysis with 16 figures and 6 tables, covered in 68 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.