China Textile Chemicals Market Size & Outlook, 2022-2030
China textile chemicals market, 2018-2030 (US$M)
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China textile chemicals market highlights
- The China textile chemicals market generated a revenue of USD 9,679.9 million in 2022 and is expected to reach USD 13,708.5 million by 2030.
- The China market is expected to grow at a CAGR of 4.4% 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.
Textile chemicals market data book summary
| Market revenue in 2022 | USD 9,679.9 million |
| Market revenue in 2030 | USD 13,708.5 million |
| Growth rate | 4.4% (CAGR from 2022 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Natural |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, China accounted for 38.5% of the global textile chemicals market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China textile chemicals market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,349.1 million by 2030.
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Textile Chemicals Market Scope
Textile Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 63.16% in 2022. Horizon Databook has segmented the China textile chemicals market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Asian Development Bank (ADB), China was one of the few leading economies of the world to achieve a growth rate of 2.3% in 2020. The growth of the country is estimated to be 8.1% and 5.5% in 2021 and 2022, respectively.
The ongoing economic resilience is expected to result in increased investments in the textile industry, a robust economic recovery, growth in disposable incomes, and improved demand for apparel. The ongoing investment spree by China-based investors in the clothing industry of the country is expected to increase the demand for textile chemicals.
Moreover, textile companies in China are switching to intelligent manufacturing processes from labor-intensive manufacturing processes. This is anticipated to surge textile production in China, thereby impacting the growth of textile chemicals market in the country.
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Target buyers of China 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 country-level data and insights on the China textile chemicals market , including forecasts for subscribers. This country databook contains high-level insights into China textile chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China textile chemicals market size, by nature, 2018-2030 (US$M)
China Textile Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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