North America Antimicrobial Additives Market Size & Outlook
North America antimicrobial additives market, 2018-2030 (US$M)
Related Markets
North America antimicrobial additives market highlights
- The North America antimicrobial additives market generated a revenue of USD 646.4 million in 2023.
- The 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 646.4 million |
| Market revenue in 2030 | USD 1,018.1 million |
| Growth rate | 6.7% (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, North America region accounted for 18.7% 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 |
|---|
North 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 53.77% in 2023. Horizon Databook has segmented the North America antimicrobial additives market based on organic, inorganic covering the revenue growth of each sub-segment from 2018 to 2030.
North America construction industry is expected to witness considerable growth owing to increasing demand for non-residential construction projects such as hospitals, schools, and colleges over the forecast period. The implementation of the “Affordable Healthcare Act” in the U.S. has triggered the construction of healthcare units and hospitals.
The growing population is expected to further boost the construction of office spaces, industrial plants, schools, and colleges, thereby, driving the demand for antimicrobial additives in construction sector. Favorable government policies concerning infrastructural development at a domestic level through the National Infrastructural Plan (NIP) are expected to promote market growth over the forecast period.
GDP growth in the region coupled with increased industrial output can be attributed to various sectors including medical, electronics, industrial controls, furniture, and appliances. This is projected to drive the antimicrobial additives market growth 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 North America antimicrobial additives market , including forecasts for subscribers. This continent databook contains high-level insights into North America antimicrobial additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America antimicrobial additives market size, by country, 2018-2030 (US$M)
North America Antimicrobial Additives Market Outlook Share, 2023 & 2030 (US$M)
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