North America Textile Chemicals Market Size & Outlook
North America textile chemicals market, 2018-2030 (US$M)
Related Markets
North America textile chemicals market highlights
- The North America textile chemicals market generated a revenue of USD 3,201.6 million in 2022.
- The market is expected to grow at a CAGR of 4.2% 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, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 3,201.6 million |
| Market revenue in 2030 | USD 4,454.5 million |
| Growth rate | 4.2% (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, North America region accounted for 12.7% 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 |
|---|
North America 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 61.83% in 2022. Horizon Databook has segmented the North America textile chemicals market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
The economy of North America is one of the most influential in the world. It is witnessing significant growth owing to industrial dynamics and commodity abundance in countries of the region. North America, along with the world, has been severely affected by the ongoing COVID-19 pandemic, resulting in a slowdown in economic activities and the growth of manufacturing and automotive industries.
Moreover, factors such as recent shutdowns, supply chain bottlenecks, and inability to work remotely in manufacturing have contributed to the decline of the manufacturing industry globally. The presence of large textile and chemical manufacturers in the U.S. creates a conducive environment for the overall growth of textile chemicals market in North America.
Moreover, the USMCA (U.S.-Mexico Canada) trade agreement is expected to bring in logistical transportation advantages for the countries of North America. It is benefiting the textiles industry in the region.
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Target buyers of North America 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 continent-level data and insights on the North America textile chemicals market , including forecasts for subscribers. This continent databook contains high-level insights into North America textile chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America textile chemicals market size, by country, 2018-2030 (US$M)
North America Textile Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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