Saudi Arabia Textile Chemicals Market Size & Outlook
Saudi Arabia textile chemicals market, 2018-2030 (US$M)
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Saudi Arabia textile chemicals market highlights
- The Saudi Arabia textile chemicals market generated a revenue of USD 181.5 million in 2022 and is expected to reach USD 229.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3% 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 181.5 million |
| Market revenue in 2030 | USD 229.2 million |
| Growth rate | 3% (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, Saudi Arabia accounted for 0.7% 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 |
|---|
Saudi Arabia 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 63.14% in 2022. Horizon Databook has segmented the Saudi Arabia textile chemicals market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia has always been a net importer of textiles. This is expected to change over the forecast period. In May 2021, the Ministry of Culture set up a Fashion Commission in Saudi Arabia that is expected to create the required infrastructure for the fashion industry.
The future growth of the textile chemicals market in Saudi Arabia is expected to be robust, driven by a growing demand for high-quality textiles and increasing consumer awareness of the need for sustainable and environmentally friendly products.
One of the key drivers of growth in the textile chemicals market in Saudi Arabia is the increasing demand for environmentally friendly and sustainable products. This has led to an increased demand for textile chemicals that are biodegradable, non-toxic, and do not harm the environment.
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Target buyers of Saudi Arabia 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 Saudi Arabia textile chemicals market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia textile chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia textile chemicals market size, by nature, 2018-2030 (US$M)
Saudi Arabia Textile Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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