U.S. Antimicrobial Additives Market Size & Outlook
U.S. antimicrobial additives market, 2018-2030 (US$M)
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U.S. antimicrobial additives market highlights
- The U.S. antimicrobial additives market generated a revenue of USD 504.3 million in 2023 and is expected to reach USD 787.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.6% 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 504.3 million |
| Market revenue in 2030 | USD 787.2 million |
| Growth rate | 6.6% (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, U.S. accounted for 14.6% 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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U.S. 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 53.8% in 2023. Horizon Databook has segmented the U.S. antimicrobial additives market based on organic, inorganic covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. automobile industry is dominated by well-established market players including General Motors, Ford Motor Company, Fiat Chrysler Automobiles, and Toyota Motor Corporation. The rising demand for electric and hybrid vehicles coupled with the presence of a well-established automotive industry and growing automotive aftermarket in the country is expected to boost construction & development activities in automotive sector.
This, in turn, is expected to fuel the consumption of antimicrobial additives in automotive sector over the forecast period. High demand for advanced healthcare services owing to the availability of well-developed healthcare infrastructure, reimbursement coverage, and the outbreak of coronavirus in the country are driving the demand for medical devices.
In addition, the constantly rising patient population, on account of the outbreak of COVID-19 at the community level, significantly fueled the need for various medical equipment such as ventilators, beds gloves, masks and others in 2020. This in turn further positively influenced the demand for antimicrobial additives in the above-mentioned applications.
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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 U.S. antimicrobial additives market , including forecasts for subscribers. This country databook contains high-level insights into U.S. antimicrobial additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. antimicrobial additives market size, by product, 2018-2030 (US$M)
U.S. Antimicrobial Additives Market Outlook Share, 2023 & 2030 (US$M)
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