Middle East & Africa Textile Market Size & Outlook
Middle East & Africa textile market, 2017-2030 (US$M)
Related Markets
MEA textile market highlights
- The MEA textile market generated a revenue of USD 62,854.6 million in 2021.
- The market is expected to grow at a CAGR of 4.1% from 2022 to 2030.
- In terms of segment, fashion was the largest revenue generating application in 2021.
- Fashion is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Iran is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 62,854.6 million |
| Market revenue in 2030 | USD 90,134.9 million |
| Growth rate | 4.1% (CAGR from 2021 to 2030) |
| Largest segment | Fashion |
| Fastest growing segment | Fashion |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Household, Technical, Fashion |
| Key market players worldwide | INVISTA, BSL-BIOSERVICE Scientific Laboratories GmbH, Lu Thai Textile, Paramount Global Class A, Companhia De Saneamento Basico Do Estado De Sao Paulo ADR, DBL Group, Lumière e i suoi fratelli, Li & Fung, Solvay SA |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.0% of the global textile market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,895,770.4 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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Textile Market Scope
Textile Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa textile 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 market will help companies and investors design strategic landscapes.
Fashion was the largest segment with a revenue share of 75.17% in 2021. Horizon Databook has segmented the Middle East & Africa textile market based on household, technical, fashion covering the revenue growth of each sub-segment from 2017 to 2030.
Increased clothing spending by middle east countries is expected to augment textile production over the forecast period. Iran recorded the highest consumer spending on clothing in recent years. In addition, the Gulf Cooperation Council (GCC) countries have their focus on promoting textile production in their countries.
This is expected to augment the demand for textile chemicals in the coating and pretreatment of fabrics over the next few years. The governments of the Middle East have increased their funding for urban and infrastructural development in countries such as Saudi Arabia, Oman, Qatar, and Egypt.
The MEA has the potential for natural gas and crude oil reserves and owing to this, several players such as SABIC, Saudi Aramco, and Oman Oil Company have opted to forward integrate their operations by establishing petrochemical facilities in the region. These industrial developments are expected to positively impact the market growth over the forecast period.
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Target buyers of Middle East & Africa textile market databook
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Our clientele includes a mix of textile 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 continent-level data and insights on the Middle East & Africa textile market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa textile market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA textile market size, by country, 2017-2030 (US$M)
Middle East & Africa Textile Market Share, 2021 & 2030 (US$M)
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