Middle East & Africa Textile Chemicals Market Size & Outlook
Middle East & Africa textile chemicals market, 2018-2030 (US$M)
Related Markets
MEA textile chemicals market highlights
- The MEA textile chemicals market generated a revenue of USD 1,663.6 million in 2022.
- The market is expected to grow at a CAGR of 3.9% 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, Morocco is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 1,663.6 million |
| Market revenue in 2030 | USD 2,254.3 million |
| Growth rate | 3.9% (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, MEA region accounted for 6.6% 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 |
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Middle East & Africa 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 61.85% in 2022. Horizon Databook has segmented the Middle East & Africa textile chemicals market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East has become one of the major textile manufacturing hubs over the years with countries such as Jordan, the UAE, Morocco, and Algeria at the forefront of the textile industry growth. Popular clothing brands such as Calvin Klein, Victoria’s Secret, and Levi’s have set up production facilities in the region and more clothing brands are expected to start their production in the Middle East in coming years.
African countries are expected to benefit from the U.S. African Growth and Opportunity Act (AGOA), which allows duty-free imports of textiles from African countries to the U.S., Kenya, and Ethiopia. Rwanda, Uganda, and Tanzania are some major African textile manufacturing countries that are anticipated to be at the forefront of the growth of the textiles industry in Africa.
As processing capacity of textile manufacturers and transportation infrastructure improve in Africa, the textile production in the region, along with finishing, is expected to increase. This is anticipated to boost the growth of textile chemicals market in Africa.
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Target buyers of Middle East & Africa 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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa textile chemicals market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa textile chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA textile chemicals market size, by country, 2018-2030 (US$M)
Middle East & Africa Textile Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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