China Antimicrobial Additives Market Size & Outlook
China antimicrobial additives market, 2018-2030 (US$M)
Related Markets
China antimicrobial additives market highlights
- The China antimicrobial additives market generated a revenue of USD 313.7 million in 2023 and is expected to reach USD 573.0 million by 2030.
- The China market is expected to grow at a CAGR of 9% 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 313.7 million |
| Market revenue in 2030 | USD 573.0 million |
| Growth rate | 9% (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, China accounted for 9.1% 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 Asia Pacific, India antimicrobial additives market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 411.6 million by 2030.
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Antimicrobial Additives Market Scope
Antimicrobial Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 52.6% in 2023. Horizon Databook has segmented the China antimicrobial additives market based on organic, inorganic covering the revenue growth of each sub-segment from 2018 to 2030.
China is expected to be one of the promising markets in the region on account of favorable government support to promote investments in manufacturing sector. For instance, Volkswagen increased its production capacity and launched SUV and electric mobility campaign in China to strengthen its automotive business in the country, which is projected to fuel the demand for antimicrobial additives in automobile industry.
Moreover, rapid growth and industrialization along with the increasing average size of housing units in the country are projected to drive the product demand. In addition, lower manufacturing cost in China compared to the North American and European countries has forced numerous foreign direct investments in the domestic automotive industry.
The abundant availability of raw materials such as polymers and metals in China acts as a favorable factor in promoting new investments in automobile industry. Therefore, a positive automotive industry outlook in China is anticipated to significantly augment the antimicrobial additives market growth over the forecast period.
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Target buyers of China 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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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 China antimicrobial additives market , including forecasts for subscribers. This country databook contains high-level insights into China antimicrobial additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China antimicrobial additives market size, by product, 2018-2030 (US$M)
China Antimicrobial Additives Market Outlook Share, 2023 & 2030 (US$M)
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