Latest News- Textile Manufacturing Market in Malaysia: Natural fibers is expected to lead the Product segment during 2024-2028
The Textile Manufacturing Market in Malaysia is being driven by Well-established textile industry in Malaysia
The Textile Manufacturing Market in Malaysia is expected to grow at a CAGR of 4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2129.5 million. In the textile manufacturing industry of Malaysia, technical textiles represent a significant market segment due to their extensive usage in various industries, particularly in the automotive sector. These textiles are engineered to serve specific functions beyond conventional textile applications, such as providing strength, durability, and resistance to environmental factors. In automobiles, technical textiles are utilized for manufacturing components like composites, sound insulation, and vibration control materials. Synthetic fibers like nylon, polyester, wool, and polypropylene are commonly used to produce seat covers, seatbelts, carpets, and other automotive textiles, which exhibit desirable properties such as high abrasion resistance, superior strength, low extensibility, and excellent UV resistance. Furthermore, technical textiles are also utilized in engine components such as hoses, belts, air filters, and fluid filters, owing to their resistance to heat, oil, and chemicals.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Natural fibers, Polyesters, Nylon, Others) Application (Fashion, Technical, Household, Others) Geography (APAC).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Textile Manufacturing Market in Malaysia Research Report
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The Textile Manufacturing Market in Malaysia encompasses various sectors including Apparel, Home Furnishings, and Industrial Textiles. Key products include Yarn, Flexible Materials, and Fibers, used in creating Clothing through processes like Knitting, Crocheting, Weaving, and Fabric Finishing. Semi-finished goods such as Thread Mills also play a significant role. E-commerce platforms have disrupted traditional sales channels for Finished Goods like Cotton Clothing, Jute Floor Coverings, Silk Bedding, Medical Textiles, Biomedical Textiles, and Disposable Clothing.
The textile manufacturing market in Malaysia encompasses a range of product categories, including apparel, semi-finished goods, and finished goods, such as yarn, knitting, crocheting, weaving, bedding, and medical textiles. In the global textiles industry, the market for textiles, excluding apparel, accessories, luxury goods, and footwear, is projected to grow significantly. Key drivers for this expansion include the increasing demand for flexible materials and e-commerce platforms, as well as the rising popularity of geotextiles, synthetic permeable textiles manufactured using polymers like polyester, polypropylene, polyethylene, and polyamides, for various applications, including infrastructure, agriculture, and construction.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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