Morocco Textile Chemicals Market Size & Outlook, 2022-2030
Morocco textile chemicals market, 2018-2030 (US$M)
Related Markets
Morocco textile chemicals market highlights
- The Morocco textile chemicals market generated a revenue of USD 24.8 million in 2022 and is expected to reach USD 35.4 million by 2030.
- The Morocco market is expected to grow at a CAGR of 4.5% 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 24.8 million |
| Market revenue in 2030 | USD 35.4 million |
| Growth rate | 4.5% (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, Morocco accounted for 0.1% 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 Middle East & Africa, South Africa textile chemicals market is projected to lead the regional market in terms of revenue in 2030.
- Morocco is the fastest growing regional market in Middle East & Africa and is projected to reach USD 35.4 million by 2030.
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Textile Chemicals Market Scope
Textile Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Morocco 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 61.69% in 2022. Horizon Databook has segmented the Morocco textile chemicals market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Trade Center, the textiles and garments industry of Morocco is critical for its industrial development. Moreover, the Ministry of Industry, Trade, Green, and Digital Economy (MITGDE) of the country, under its Textile Plan 2025, aims to create up to 250,000 jobs and export textile materials worth USD 9.87 billion by 2025.
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Target buyers of Morocco 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 Morocco textile chemicals market , including forecasts for subscribers. This country databook contains high-level insights into Morocco textile chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Morocco textile chemicals market size, by nature, 2018-2030 (US$M)
Morocco Textile Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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