Asia Pacific 3-hydroxypropionic Acid Market Size & Outlook
Asia Pacific 3-hydroxypropionic acid market, 2018-2030 (US$M)
Related Markets
Asia Pacific 3-hydroxypropionic acid market highlights
- The Asia Pacific 3-hydroxypropionic acid market generated a revenue of USD 332.1 million in 2023.
- The market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, petroleum was the largest revenue generating source in 2023.
- Bio-based is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 332.1 million |
| Market revenue in 2030 | USD 627.0 million |
| Growth rate | 9.5% (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 |
| Key market players worldwide | Cargills Ceylon, Lion Corp, Triveni Interchem, Basf SE ADR, Novozymes |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 46.5% of the global 3-hydroxypropionic acid market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 315.3 million by 2030.
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3-Hydroxypropionic Acid Market Scope
3-Hydroxypropionic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 83.35% in 2023. Horizon Databook has segmented the Asia Pacific 3-hydroxypropionic acid market based on petroleum, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia-Pacific 3-hydroxypropionic acid market is expected to grow considerably over the forecast period owing to the rising construction activities and increasing demand from the automotive sector in emerging countries, such as India, South Korea, Japan, Indonesia, and the Philippines, which are expected to drive the market over the forecast period.
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Target buyers of Asia Pacific 3-hydroxypropionic acid market databook
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Our clientele includes a mix of 3-hydroxypropionic acid market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific 3-hydroxypropionic acid market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific 3-hydroxypropionic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific 3-hydroxypropionic acid market size, by country, 2018-2030 (US$M)
Asia Pacific 3-Hydroxypropionic Acid Market Outlook Share, 2023 & 2030 (US$M)
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