Thailand Polyester Fabric Market (2024-2030): Market Forecast By Type (PET, PCDT), By Applications And Competitive Landscape

Thailand has witnessed growth in its polyester fabric market, solidifying its position as the 9th largest producer of synthetic fibers globally. The country boasts an annual output exceeding 800,000 tons of cotton and man-made yarns. In 2020, Thai T&A exports amounted to $5.75 billion, making it the country's eighth-largest exporting sector, accounting for 2.37% of total exports. A survey conducted from April to September 2020 indicated that 43% of Thai respondents intend to boost their spending on home and living items over the next three years. Furthermore, revenue in Thailand's apparel market is projected to surge by $0.6 billion (+8.96%) between 2024 and 2028, reaching a peak of $7.25 billion. Thai consumers' expenditure on clothing reached $10.2 billion in 2018, with an expected market growth of 81% by 2030.

According to the research, Thailand Polyester Fabric market revenue is projected to grow at a CAGR of 7.8% from 2024-2030. The Thai hotel industry is set to introduce approximately 10,000 new rooms in 2024, thereby escalating the demand for polyester home textiles, carpets, and rugs. Moreover, with 13 luxury hotels slated to open in Bangkok between 2023 and 2025, adding 3,725 new rooms, there will be a substantial surge in demand for polyester fabric for home textiles, carpets, rugs, and related products. Furthermore, 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, and So Origin Siriraj during the period 2024-2026 are expected to be introduced around 3,063 units in Samut Prakan and Bangkok. This is likely to further drive the Thailand polyester fabric market growth due to the heightened need for interior decoration.

Market Segmentation by Types

By Type, PET polyester fabric is expected to experience faster growth particularly due to the increasing demand for recycled PET polyester. Moreover, Policies such as extended producer responsibility (EPR) and recycling incentives encourage manufacturers to use recycled materials in their products, fostering the growth of the recycled PET polyester market.

Market Segmentation by Application

Polyester fabric is widely favored in the apparel industry due to its versatile properties, including durability, wrinkle resistance, and ease of care, making it ideal for a wide range of clothing types such as casual wear, sportswear, formal wear, and outerwear. Additionally, According to a recent HKTDC research study of 2021, 86% of Thai consumers plan to spend more or about the same as they currently do on fashion apparel in the next three years, which would increase the demand for polyester fabric in apparel sector.

Market Segmentation by Polyester Content

Fabrics with a polyester content above 40%, up to 70%, have secured a major volume share due to their extensive use in everyday apparel such as t-shirts, casual shirts, pants, and skirts. The growth rate for this segment is expected to be robust, fueled by factors such as the increasing preference for easy-care fabrics, and the growing adoption of polyester blends in various garment categories.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Thailand Polyester Fabric Market Overview
• Thailand Polyester Fabric Market Outlook
• Thailand Polyester Fabric Market Forecast
• Thailand Polyester Fabric Market Porter’s Five forces Analysis
• Thailand Polyester Fabric Market Industry Life Cycle Analysis
• Historical Data and Forecast of Thailand Polyester Fabric Market Revenues and Volume, for the Period 2020-2030F
• Market Drivers and Restraints
• Historical Data and Forecast of Thailand Polyester Fabric Market Revenues and Volume, By Types, for the Period 2020-2030F
• Historical Data and Forecast of Thailand Polyester Fabric Market Revenues, By Application, for the Period 2020-2030F
• Historical Data and Forecast of Thailand Polyester Fabric Market Volume, By Polyester Content, for the Period 2020-2030F

Key Performance Indicators

• Import and Export Statistics
• Price Trends Analysis
• Market Opportunity Assessment
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations
• Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

• Polyethylene Terephthalate (PET)
• Poly-1, 4-Cyclohexylene-Dimethylene Terephthalate (PCDT)

By Application

• Carpets & Rugs 
• Non-Woven Fabrics Fiberfil          
• Apparels             
• Home Textiles   
• Others (Automotive Fabrics, Medical Textiles, Bags and Luggage, etc)

By Polyester Content

• > 90% (Upto 100%)
• >70% (Upto 90%)
• >40% (Upto 70%)
• 40% and Below