Market revenue in 2022 | USD 1,457.0 million |
Market revenue in 2030 | USD 2,349.1 million |
Growth rate | 6.2% (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 |
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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 64.89% in 2022. Horizon Databook has segmented the India textile chemicals market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
India is one of the major developing countries in Asia Pacific. The textiles industry in India is witnessing a significant boost in terms of surging exports of textile and growing foreign direct investments in the country. Textile manufacturers are looking at different avenues as an alternative to China in a way to mitigate future supply chain disruptions.
The government-backed Production Linked Incentive (PLI) scheme, along with major infrastructural developments such as setting up of seven mega textile parks in the country under the Mega Integrated Textile Region and Apparel Parks (PM MITRA) scheme, is expected to increase textile production significantly in India.
Moreover, the increase in demand for technical textiles, especially in the automotive and construction industries, is expected to surge the demand for textile chemicals in the country over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the India textile chemicals market , including forecasts for subscribers. This country databook contains high-level insights into India textile chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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