South Africa Textile Chemicals Market Size & Outlook
South Africa textile chemicals market, 2018-2030 (US$M)
Related Markets
South Africa textile chemicals market highlights
- The South Africa textile chemicals market generated a revenue of USD 351.4 million in 2022 and is expected to reach USD 459.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.4% 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 351.4 million |
| Market revenue in 2030 | USD 459.6 million |
| Growth rate | 3.4% (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, South Africa accounted for 1.4% 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 |
|---|
South Africa 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 61.87% in 2022. Horizon Databook has segmented the South Africa textile chemicals market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
According to Stats SA, low demand resulted in a decline of 6.9% of retail sales in 2020. The government of the country through its Retail Clothing, Textile, Footwear, and Leather Master Plan has laid out objectives to increase the volume of locally manufactured products sold in-store in the country from 44% in 2018 to 65% by 2030.
This is anticipated to fuel textile manufacturing in South Africa, thereby boosting the demand for textile chemicals in the country. Moreover, the Government of South Africa is also providing incentives to automotive manufacturers to increase the local assembling of cars by 60% by 2035 from 38% in 2018. This is also expected to augment the demand for technical textiles in the country.
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Target buyers of South Africa 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 South Africa textile chemicals market , including forecasts for subscribers. This country databook contains high-level insights into South Africa textile chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa textile chemicals market size, by nature, 2018-2030 (US$M)
South Africa Textile Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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