Mold Inhibitors: Global Strategic Business Report

Global Mold Inhibitors Market to Reach $2.3 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Mold Inhibitors estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$2.3 Billion by 2027, growing at a CAGR of 3.1% over the analysis period 2020-2027. Propionates, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$839.2 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Benzoates segment is readjusted to a revised 3.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $507.5 Million, While China is Forecast to Grow at 5% CAGR

The Mold Inhibitors market in the U.S. is estimated at US$507.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$452.4 Million by the year 2027 trailing a CAGR of 5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 2.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$297.2 Million by the year 2027.

Natamycin Segment to Record 2.8% CAGR

In the global Natamycin segment, USA, Canada, Japan, China and Europe will drive the 2.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$308.9 Million in the year 2020 will reach a projected size of US$370.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 2.9% CAGR through the analysis period.

Select Competitors (Total 46 Featured) -

• Archer Daniels Midland Company
• Associated British Foods PLC
• BASF SE
• DowDuPont, Inc.
• Eastman Chemical Company
• Handary SA
• Hawkins Watts Limited
• Kemin Industries, Inc.
• Koninklijke DSM NV
• Niacet Corporation
• Pacific Coast Chemical Co.

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