Mexico Textile Chemicals Market Size & Outlook, 2022-2030
Mexico textile chemicals market, 2018-2030 (US$M)
Related Markets
Mexico textile chemicals market highlights
- The Mexico textile chemicals market generated a revenue of USD 381.0 million in 2022 and is expected to reach USD 517.3 million by 2030.
- The Mexico 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.
Textile chemicals market data book summary
| Market revenue in 2022 | USD 381.0 million |
| Market revenue in 2030 | USD 517.3 million |
| Growth rate | 3.9% (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, Mexico accounted for 1.5% 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 North America, U.S. textile chemicals market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 439.1 million by 2030.
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Textile Chemicals Market Scope
Textile Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 61.52% in 2022. Horizon Databook has segmented the Mexico textile chemicals market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico has achieved outstanding success in economic growth, along with substantial poverty reduction. According to the World Bank, the GDP of the country stood at USD 1.27 trillion in 2021. Textile industry of the country accounted for almost 6% of the country’s total GDP. However, the spread of the COVID-19 impacted the overall economic growth of Mexico.
According to Organization for Economic Co-operation and Development (OECD), the GDP of the country is expected to grow at 1.6% in 2023. Following the USMCA trade agreement, the textiles industry is beginning to find renewed growth in Mexico with the U.S. looking at different options for sourcing other than China.
Textile production in Mexico, along with the growth of the automotive industry, is anticipated to increase the demand for textile chemicals in the country. Oil feedstocks in Mexico are slumping as oil production is declining in the country.
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Target buyers of Mexico 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 Mexico textile chemicals market , including forecasts for subscribers. This country databook contains high-level insights into Mexico textile chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico textile chemicals market size, by nature, 2018-2030 (US$M)
Mexico Textile Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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