Europe Antimicrobial Additives Market Size & Outlook
Europe antimicrobial additives market, 2018-2030 (US$M)
Related Markets
Europe antimicrobial additives market highlights
- The Europe antimicrobial additives market generated a revenue of USD 690.5 million in 2023.
- The market is expected to grow at a CAGR of 8.8% 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.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 690.5 million |
| Market revenue in 2030 | USD 1,249.7 million |
| Growth rate | 8.8% (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, Europe region accounted for 20.0% 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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Europe 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 54.18% in 2023. Horizon Databook has segmented the Europe antimicrobial additives market based on organic, inorganic covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is one of the leading manufacturers of automobiles and is expected to continue its dominance in the sector over the forecast period. The rising demand for electric and hybrid vehicles along with the presence of major automotive manufacturers in the region including AUDI AG, BMW AG, Mercedes-Benz AG, JAGUAR LAND ROVER LIMITED, ASTON MARTIN, Volkswagen, Volvo Car Corporation.
European Commission has been encouraging FDI from Asian automobile manufacturers such as Honda and Toyota on account of electric vehicle technology, thus, further boosting the industry growth. This is expected to increase the consumption of antimicrobial additives in automobile end use industry over the forecast period.
Growing construction sector in various countries including the UK, the Netherlands, Germany, Hungary, Poland, Sweden, and Ireland is expected to propel product demand over the next forecast period. Increased funding from EU coupled with the supportive measures (such as subsidies, tax breaks, and incentives) taken by various governments is anticipated to augment the growth of construction sector in the region.
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Our clientele includes a mix of antimicrobial additives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe antimicrobial additives market , including forecasts for subscribers. This continent databook contains high-level insights into Europe antimicrobial additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe antimicrobial additives market size, by country, 2018-2030 (US$M)
Europe Antimicrobial Additives Market Outlook Share, 2023 & 2030 (US$M)
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