Russia Textile Chemicals Market Size & Outlook, 2022-2030
Russia textile chemicals market, 2018-2030 (US$M)
Related Markets
Russia textile chemicals market highlights
- The Russia textile chemicals market generated a revenue of USD 57.0 million in 2022 and is expected to reach USD 71.0 million by 2030.
- The Russia market is expected to grow at a CAGR of 2.8% 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 57.0 million |
| Market revenue in 2030 | USD 71.0 million |
| Growth rate | 2.8% (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, Russia accounted for 0.2% 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 Europe, Turkey textile chemicals market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 586.8 million by 2030.
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Textile Chemicals Market Scope
Textile Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Russia 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 63.16% in 2022. Horizon Databook has segmented the Russia textile chemicals market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
According to the World Bank, the GDP of Russia fell by 3% in 2020 owing to the impact of the COVID-19 pandemic. However, the GDP of the country is forecast to grow by 3.2% in 2021. It is expected to continue growing at a rate of 2.3% in 2023.
The textiles industry in Russia before the pandemic was on an upward growth trajectory owing to favorable government policies, increasing modernization, and ongoing infrastructure expansions in the country.
The pandemic has hampered the growth of the textiles industry in Russia. As the economy of the country is anticipated to bounce back, it is expected to lead to a surged demand for technical textiles such as Geotech and Protech in Russia during the forecast period.
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Target buyers of Russia 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 Russia textile chemicals market , including forecasts for subscribers. This country databook contains high-level insights into Russia textile chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia textile chemicals market size, by nature, 2018-2030 (US$M)
Russia Textile Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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