3-hydroxypropionic Acid Market, Global Outlook and Forecast 2023-2030
3-Hydroxypropionic acid is a carboxylic acid, specifically a beta hydroxy acid. It is an acidic viscous liquid with a pKa of 4.5. It is very soluble in water, soluble in ethanol and diethyl ether. Upon distillation, it dehydrates to form acrylic acid.3-Hydroxypropionic acid is used in the industrial production of various chemicals such as acrylates. It can be produced by engineered microbes.
This report aims to provide a comprehensive presentation of the global market for 3-hydroxypropionic Acid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding 3-hydroxypropionic Acid. This report contains market size and forecasts of 3-hydroxypropionic Acid in global, including the following market information:
Global 3-hydroxypropionic Acid Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global 3-hydroxypropionic Acid Market Sales, 2018-2023, 2024-2030, (Kiloton)
Global top five 3-hydroxypropionic Acid companies in 2022 (%)
The global 3-hydroxypropionic Acid market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Chemical Synthesis Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of 3-hydroxypropionic Acid include Cargill Inc, BASF SE, TCI, Novozymes and Chongqing Jiezhou Chemical, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the 3-hydroxypropionic Acid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global 3-hydroxypropionic Acid Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (Kiloton)
Global 3-hydroxypropionic Acid Market Segment Percentages, by Type, 2022 (%)
Chemical Synthesis
Microbial Fermentation
Global 3-hydroxypropionic Acid Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (Kiloton)
Global 3-hydroxypropionic Acid Market Segment Percentages, by Application, 2022 (%)
Acrylic Acid Production
Biodegradable Polymer Production
Other
Global 3-hydroxypropionic Acid Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (Kiloton)
Global 3-hydroxypropionic Acid Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies 3-hydroxypropionic Acid revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies 3-hydroxypropionic Acid revenues share in global market, 2022 (%)
Key companies 3-hydroxypropionic Acid sales in global market, 2018-2023 (Estimated), (Kiloton)
Key companies 3-hydroxypropionic Acid sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Cargill Inc
BASF SE
TCI
Novozymes
Chongqing Jiezhou Chemical
Outline of Major Chapters:
Chapter 1: Introduces the definition of 3-hydroxypropionic Acid, market overview.
Chapter 2: Global 3-hydroxypropionic Acid market size in revenue and volume.
Chapter 3: Detailed analysis of 3-hydroxypropionic Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of 3-hydroxypropionic Acid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global 3-hydroxypropionic Acid capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
