Latin America Antimicrobial Additives Market Size & Outlook
Latin America antimicrobial additives market, 2018-2030 (US$M)
Related Markets
Latin America antimicrobial additives market highlights
- The Latin America antimicrobial additives market generated a revenue of USD 322.4 million in 2023.
- The market is expected to grow at a CAGR of 10.1% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 322.4 million |
| Market revenue in 2030 | USD 630.4 million |
| Growth rate | 10.1% (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, Latin America region accounted for 9.3% 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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Latin America 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 52.98% in 2023. Horizon Databook has segmented the Latin America antimicrobial additives market based on organic, inorganic covering the revenue growth of each sub-segment from 2018 to 2030.
Recovering residential building & construction sector in CSA is driving the demand for antimicrobial additives. Significant new investments in housing and public works by the government are expected to boost infrastructural growth in Colombia, thereby propelling the demand for antimicrobial additives over the forecast period.
Furthermore, the urban renewal project of Bogota, which includes 50 skyscrapers, 500 high-rise buildings, a subway system, and a smart city, is meant to establish the city as the technological, financial, and industrial capital of Central and South America.
Increasing sales of automotive vehicles in Argentina, Brazil, and Columbia are expected to boost the consumption of automotive paints, which is likely to have a positive impact on antimicrobial additives market over the forecast period.
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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 Latin America antimicrobial additives market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America antimicrobial additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America antimicrobial additives market size, by country, 2018-2030 (US$M)
Latin America Antimicrobial Additives Market Outlook Share, 2023 & 2030 (US$M)
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