Asia Pacific Textile Chemicals Market Size & Outlook
Asia Pacific textile chemicals market, 2018-2030 (US$M)
Related Markets
Asia Pacific textile chemicals market highlights
- The Asia Pacific textile chemicals market generated a revenue of USD 14,426.1 million in 2022.
- The market is expected to grow at a CAGR of 4.8% from 2023 to 2030.
- In terms of segment, synthetic was the largest revenue generating nature in 2022.
- Natural is the most lucrative nature segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 14,426.1 million |
| Market revenue in 2030 | USD 20,941.4 million |
| Growth rate | 4.8% (CAGR from 2022 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Natural |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Synthetic |
| Key market players worldwide | OMV AG, Basf SE, Shell PLC, Lanxess AG, Dow Inc, Huntsman Corp, Kemira Oyj, The Lubrizol Corp, Petronas Chemicals Group Bhd, Evonik Industries AG, Solvay SA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 57.3% of the global textile chemicals market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,941.4 million by 2030.
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Textile Chemicals Market Scope
Textile Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific textile chemicals market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to textile chemicals market will help companies and investors design strategic landscapes.
Synthetic was the largest segment with a revenue share of 63.01% in 2022. Horizon Databook has segmented the Asia Pacific textile chemicals market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to dominate textile chemical market of the world with China as the major contributor to the growth of this market. Rapid urbanization, economic resilience during the COVID-19 pandemic, and modernization of textile and chemical manufacturing processes are some factors responsible for the growth of textile chemicals market in the region.
According to the World Trade Statistical Review 2021, three of the top four apparel exporters in 2020 in the world were countries of Asia Pacific that is, China, Vietnam, and Bangladesh. The growing textile and apparel production in the region is expected to fuel the growth of textile chemicals market in Asia Pacific over the forecast period.
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Target buyers of Asia Pacific textile chemicals market databook
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Our clientele includes a mix of textile chemicals market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific textile chemicals market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific textile chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific textile chemicals market size, by country, 2018-2030 (US$M)
Asia Pacific Textile Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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