South Africa Antimicrobial Additives Market Size & Outlook
South Africa antimicrobial additives market, 2018-2030 (US$M)
Related Markets
South Africa antimicrobial additives market highlights
- The South Africa antimicrobial additives market generated a revenue of USD 37.6 million in 2023 and is expected to reach USD 74.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.3% 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 37.6 million |
| Market revenue in 2030 | USD 74.9 million |
| Growth rate | 10.3% (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, South Africa accounted for 1.1% 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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South Africa 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 54.79% in 2023. Horizon Databook has segmented the South Africa antimicrobial additives market based on organic, inorganic covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa antimicrobial additives market is likely to be driven by the rising demand from healthcare sector. Market growth is projected to be influenced by the introduction of the government’s National Health Insurance (NHI) program, which aims to provide all citizens with access to quality healthcare.
In addition, increased government spending on healthcare and priority programs, as well as the extensive upgrades and development of hospital infrastructure, is expected to augment the demand for medical devices and invasive medical products. This is likely to boost the demand for antimicrobial additives in healthcare sector 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 South Africa antimicrobial additives market , including forecasts for subscribers. This country databook contains high-level insights into South Africa antimicrobial additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa antimicrobial additives market size, by product, 2018-2030 (US$M)
South Africa Antimicrobial Additives Market Outlook Share, 2023 & 2030 (US$M)
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