U.S. Textile Chemicals Market Size & Outlook, 2022-2030
U.S. textile chemicals market, 2018-2030 (US$M)
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U.S. textile chemicals market highlights
- The U.S. textile chemicals market generated a revenue of USD 2,517.7 million in 2022 and is expected to reach USD 3,498.1 million by 2030.
- The U.S. 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.
Textile chemicals market data book summary
| Market revenue in 2022 | USD 2,517.7 million |
| Market revenue in 2030 | USD 3,498.1 million |
| Growth rate | 4.2% (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, U.S. accounted for 10.0% 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 North America, U.S. textile chemicals market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 439.1 million by 2030.
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Textile Chemicals Market Scope
Textile Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 U.S. textile chemicals market based on natural, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
According to the American Chemistry Council, the chemicals industry in the U.S. is expected to witness an increase in volume consumption due to growing demand from the automotive, construction, and consumer goods industries. However, the chemicals industry in the country is projected to reach its pre pandemic level by 2023.
This is expected to create opportunities for the manufacturers of textile chemicals to set up their production facilities or to collaborate with local players in the U.S. For instance, in June 2021, Archroma partnered with Van Horn, Metz & Co. Inc., a specialty raw material distributor in the country, for the distribution of Mowilith emulsions.
The technical textile market in the U.S. is driven by several factors. Firstly, the increasing demand for high-performance textiles, due to their use in various industries such as the automotive, construction, and medical industries.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. textile chemicals market , including forecasts for subscribers. This country databook contains high-level insights into U.S. textile chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. textile chemicals market size, by nature, 2018-2030 (US$M)
U.S. Textile Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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