China 3-hydroxypropionic Acid Market Size & Outlook
China 3-hydroxypropionic acid market, 2018-2030 (US$M)
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China 3-hydroxypropionic acid market highlights
- The China 3-hydroxypropionic acid market generated a revenue of USD 52.7 million in 2023 and is expected to reach USD 100.3 million by 2030.
- The China market is expected to grow at a CAGR of 9.6% 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.
3-hydroxypropionic acid market data book summary
| Market revenue in 2023 | USD 52.7 million |
| Market revenue in 2030 | USD 100.3 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Petroleum |
| Fastest growing segment | Bio-based |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 7.4% of the global 3-hydroxypropionic acid market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan 3-hydroxypropionic acid market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 100.3 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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China 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 83.87% in 2023. Horizon Databook has segmented the China 3-hydroxypropionic acid market based on petroleum, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The 3-hydroxypropionic acid market in China is expected to grow over the forecast period. The growth is attributed to the expanding chemicals industry.
China’s rising chemicals industry will lead to an increase in the production of chemicals in order to meet consumer demand. 3-hydroxypropionic acid is also poised to grow with the demand for sustainable chemicals.
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Target buyers of China 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 country-level data and insights on the China 3-hydroxypropionic acid market , including forecasts for subscribers. This country databook contains high-level insights into China 3-hydroxypropionic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China 3-hydroxypropionic acid market size, by source, 2018-2030 (US$M)
China 3-Hydroxypropionic Acid Market Outlook Share, 2023 & 2030 (US$M)
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