Canada Antimicrobial Additives Market Size & Outlook
Canada antimicrobial additives market, 2018-2030 (US$M)
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Canada antimicrobial additives market highlights
- The Canada antimicrobial additives market generated a revenue of USD 60.4 million in 2023 and is expected to reach USD 102.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.8% 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.
Antimicrobial additives market data book summary
| Market revenue in 2023 | USD 60.4 million |
| Market revenue in 2030 | USD 102.0 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Inorganic |
| Fastest growing segment | Inorganic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 1.7% of the global antimicrobial additives market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. antimicrobial additives 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 102.0 million by 2030.
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Antimicrobial Additives Market Scope
Antimicrobial Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 53.64% in 2023. Horizon Databook has segmented the Canada antimicrobial additives market based on organic, inorganic covering the revenue growth of each sub-segment from 2018 to 2030.
Life expectancy in Canada is the highest in the world, which is 79 years for men and 85 years for women. This has led to the rising old age population, which is expected to drive healthcare industry in Canada.
The growth of healthcare industry is expected to drive the demand for medical hospital bedding, dental trays, hospital gowns, orthopedic devices, laparoscopic instruments, and medical scrubs among others, which is projected to propel the use of antimicrobial additives over the forecast period.
The government of Canada is planning to invest USD 105 million in the development of rail networks by 2023, which is expected to further drive the demand for antimicrobial additives in automotive and transportation end-use segment over the forecast period.
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Target buyers of Canada 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 country-level data and insights on the Canada antimicrobial additives market , including forecasts for subscribers. This country databook contains high-level insights into Canada antimicrobial additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada antimicrobial additives market size, by product, 2018-2030 (US$M)
Canada Antimicrobial Additives Market Outlook Share, 2023 & 2030 (US$M)
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