Gulf Cooperation Council Antimicrobial Additives Market Size & Outlook
Gulf Cooperation Council antimicrobial additives market, 2018-2030 (US$M)
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Gulf Cooperation Council antimicrobial additives market highlights
- The Gulf Cooperation Council antimicrobial additives market generated a revenue of USD 67.4 million in 2023 and is expected to reach USD 128.5 million by 2030.
- The Gulf Cooperation Council market is expected to grow at a CAGR of 9.6% 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 67.4 million |
| Market revenue in 2030 | USD 128.5 million |
| Growth rate | 9.6% (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, Gulf Cooperation Council accounted for 2.0% 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 Middle East & Africa, Gulf Cooperation Council antimicrobial additives market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 74.9 million by 2030.
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Antimicrobial Additives Market Scope
Antimicrobial Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Gulf Cooperation Council 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 55.19% in 2023. Horizon Databook has segmented the Gulf Cooperation Council antimicrobial additives market based on organic, inorganic covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for antimicrobial additives in GCC countries is expected to be driven by the rapid population growth, high incidences of lifestyle-related disorders, and ambitious healthcare infrastructure development. The demand for superior-technology medical devices is expected to increase significantly, leading to a rise in the demand for antimicrobial products.
Steadily improving access to quality medical technologies and the incorporation of safe surgical practices in developing countries such as the UAE and Saudi Arabia are other major factors that are likely to boost the demand for medical devices as well as coatings.
In addition, construction sector in GCC countries such as the UAE and Qatar is expected to witness significant growth on account of huge government investments, such as metro project, stadiums for FIFA World Cup 2022, HIA - Airport City Project, and Hamad International Airport projects, along with rapid urbanization in the country.
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Target buyers of Gulf Cooperation Council 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 Gulf Cooperation Council antimicrobial additives market , including forecasts for subscribers. This country databook contains high-level insights into Gulf Cooperation Council antimicrobial additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Gulf Cooperation Council antimicrobial additives market size, by product, 2018-2030 (US$M)
Gulf Cooperation Council Antimicrobial Additives Market Outlook Share, 2023 & 2030 (US$M)
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