Global 3-hydroxypropionic Acid Market Size & Outlook
The 3-hydroxypropionic acid industry worldwide is expected to reach a projected revenue of US$ 1,341.3 million by 2030. A compound annual growth rate of 9.4% is expected of the worldwide 3-hydroxypropionic acid industry from 2024 to 2030.
Revenue, 2023 (US$M)
$713.8
Forecast, 2030 (US$M)
$1,341.3
CAGR, 2024 - 2030
9.4%
Report Coverage
Worldwide
Global 3-hydroxypropionic acid market, 2018-2030 (US$M)
Related Markets
Global 3-hydroxypropionic acid market highlights
- The global 3-hydroxypropionic acid market generated a revenue of USD 713.8 million in 2023 and is expected to reach USD 1,341.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.4% by 2030.
- In terms of segment, petroleum accounted for a revenue of USD 587.3 million in 2023.
- Bio-based is the most lucrative source segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 713.8 million |
| Market revenue in 2030 | USD 1,341.3 million |
| Growth rate | 9.4% (CAGR from 2023 to 2030) |
| Largest segment | Petroleum |
| Fastest growing segment | Bio-based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Petroleum, Bio-based |
Other key industry trends
- In terms of revenue, the North America accounted for 23.2% of the global 3-hydroxypropionic acid market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 5.8 million by 2030.
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3-Hydroxypropionic Acid Market Scope
3-hydroxypropionic acid market segmentation & scope
3-Hydroxypropionic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global 3-hydroxypropionic acid 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 3-hydroxypropionic acid market will help companies and investors design strategic landscapes.
petroleum was the largest segment with a revenue share of 82.28% in 2023. Horizon Databook has segmented the Global 3-hydroxypropionic acid market based on petroleum, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
- Global 3-Hydroxypropionic Acid Source Outlook (Revenue, USD Million, 2018-2030)
- Petroleum
- Bio-based
- Global 3-Hydroxypropionic Acid Form Outlook (Revenue, USD Million, 2018-2030)
- Powder
- Liquid
- Global 3-Hydroxypropionic Acid Application Outlook (Revenue, USD Million, 2018-2030)
- Acrylic Acid
- 1,3-Propanediol
- Other Applications
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Horizon Databook provides a detailed overview of global-level data and insights on the Global 3-hydroxypropionic acid market , including forecasts for subscribers. This global databook contains high-level insights into Global 3-hydroxypropionic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global 3-hydroxypropionic acid market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: 3-hydroxypropionic acid market size, 2023 (USD Million)
Top 10 countries: 3-hydroxypropionic acid market size, 2023 (USD Million)
Global 3-hydroxypropionic acid market, by region, 2023 (US$M)
Related regional statistics
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