Turkey Textile Chemicals Market Size & Outlook, 2022-2030
Turkey textile chemicals market, 2018-2030 (US$M)
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Turkey textile chemicals market highlights
- The Turkey textile chemicals market generated a revenue of USD 874.7 million in 2022 and is expected to reach USD 1,316.4 million by 2030.
- The Turkey market is expected to grow at a CAGR of 5.2% 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.
Textile chemicals market data book summary
| Market revenue in 2022 | USD 874.7 million |
| Market revenue in 2030 | USD 1,316.4 million |
| Growth rate | 5.2% (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, Turkey accounted for 3.5% 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 |
|---|
Turkey 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 64.89% in 2022. Horizon Databook has segmented the Turkey textile chemicals market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
The textiles industry in Turkey is expected to grow over the forecast period. Textile manufacturers in the country are currently focusing on creating a sustainable environment for the textiles industry by aligning with the Sustainability Action Plan announced by the Textile and Raw Materials Exporters’ Associations of Turkey.
Moreover, the government of the country is encouraging partnerships with foreign textile firms and partners to increase textile production in Turkey using modern infrastructures. An increase in textile production in Turkey is expected to increase the demand for textile chemicals in the country over the forecast period.
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Target buyers of Turkey 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 Turkey textile chemicals market , including forecasts for subscribers. This country databook contains high-level insights into Turkey textile chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Turkey textile chemicals market size, by nature, 2018-2030 (US$M)
Turkey Textile Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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