Mexico Antimicrobial Additives Market Size & Outlook
Mexico antimicrobial additives market, 2018-2030 (US$M)
Related Markets
Mexico antimicrobial additives market highlights
- The Mexico antimicrobial additives market generated a revenue of USD 81.7 million in 2023 and is expected to reach USD 128.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.7% 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 81.7 million |
| Market revenue in 2030 | USD 128.9 million |
| Growth rate | 6.7% (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, Mexico accounted for 2.4% 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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Mexico 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 53.73% in 2023. Horizon Databook has segmented the Mexico antimicrobial additives market based on organic, inorganic covering the revenue growth of each sub-segment from 2018 to 2030.
Under the National Development Plan of Mexico 2019-2024, the government has planned to invest in the expansion of domestic rail networks and construction of domestic & international airports, which is anticipated to promote the construction of commercial structures.
Population growth, rapid urbanization, and rising disposable income of consumers in Mexico have played an important role in developing the manufacturing and construction industries. This is expected to augment the demand for the product in the aforementioned application industries. Moreover, Mexico is currently the world’s sixth-largest producer of cars.
It has been the primary focus of the global automotive industry as companies worldwide are eyeing to invest in the country. Increasing automobile production on account of rising demand for hybrid and electric vehicles in North America is anticipated to drive the demand for antimicrobial additives 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 country-level data and insights on the Mexico antimicrobial additives market , including forecasts for subscribers. This country databook contains high-level insights into Mexico antimicrobial additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico antimicrobial additives market size, by product, 2018-2030 (US$M)
Mexico Antimicrobial Additives Market Outlook Share, 2023 & 2030 (US$M)
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