Asia Pacific Antimicrobial Additives Market Size & Outlook
Asia Pacific antimicrobial additives market, 2018-2030 (US$M)
Related Markets
Asia Pacific antimicrobial additives market highlights
- The Asia Pacific antimicrobial additives market generated a revenue of USD 1,225.8 million in 2023.
- The market is expected to grow at a CAGR of 11.2% from 2024 to 2030.
- In terms of segment, inorganic was the largest revenue generating product in 2023.
- Inorganic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,225.8 million |
| Market revenue in 2030 | USD 2,582.1 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | Inorganic |
| Fastest growing segment | Inorganic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Organic, Inorganic |
| Key market players worldwide | Basf SE, Miller Industries Inc, Clariant AG, Avient Corp, Momentive, Dow Inc, LyondellBasell Industries NV Class A, ChromaDex Corp, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 35.5% of the global antimicrobial additives market in 2023.
- 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 2,582.1 million by 2030.
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Antimicrobial Additives Market Scope
Antimicrobial Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific antimicrobial additives 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 antimicrobial additives market will help companies and investors design strategic landscapes.
Inorganic was the largest segment with a revenue share of 55.47% in 2023. Horizon Databook has segmented the Asia Pacific antimicrobial additives market based on organic, inorganic covering the revenue growth of each sub-segment from 2018 to 2030.
The antimicrobial additives market in Asia Pacific is driven by the growth of the major end-use industries such as automotive, healthcare, construction, food and beverage, and packaging. Robust manufacturing base of automotive industry in China, Japan, and India coupled with increased sales of passenger vehicles is anticipated to augment antimicrobial additives market growth in the near future.
In addition, favorable policies such as foreign direct investments (FDI) and Make in India implemented by the government of India are expected to create ample growth opportunities for automobile industry, which, in turn, is expected to increase the consumption of antimicrobial additives in automobile applications.
Growing construction industry in the emerging economies of Asia Pacific and increased infrastructure spending by the governments of India and China are the key factors responsible for driving the product demand over the forecast period.
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Target buyers of Asia Pacific antimicrobial additives market databook
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Our clientele includes a mix of antimicrobial additives market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific antimicrobial additives market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific antimicrobial additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific antimicrobial additives market size, by country, 2018-2030 (US$M)
Asia Pacific Antimicrobial Additives Market Outlook Share, 2023 & 2030 (US$M)
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