Japan 3-hydroxypropionic Acid Market Size & Outlook
Japan 3-hydroxypropionic acid market, 2018-2030 (US$M)
Related Markets
Japan 3-hydroxypropionic acid market highlights
- The Japan 3-hydroxypropionic acid market generated a revenue of USD 60.7 million in 2023 and is expected to reach USD 112.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 9.2% 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 60.7 million |
| Market revenue in 2030 | USD 112.7 million |
| Growth rate | 9.2% (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, Japan accounted for 8.5% 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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Japan 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 83.36% in 2023. Horizon Databook has segmented the Japan 3-hydroxypropionic acid market based on petroleum, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The market for 3-hydroxypropionic acid in Japan is expected to grow due to its increased use in industries such as paints and coatings.
This growth is likely due to the presence of leading automobile manufacturers, including Toyota, Mazda, Suzuki, and Nissan, who prioritize good manufacturing practices and the use of technology in their production processes.
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Target buyers of Japan 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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Horizon Databook provides a detailed overview of country-level data and insights on the Japan 3-hydroxypropionic acid market , including forecasts for subscribers. This country databook contains high-level insights into Japan 3-hydroxypropionic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan 3-hydroxypropionic acid market size, by source, 2018-2030 (US$M)
Japan 3-Hydroxypropionic Acid Market Outlook Share, 2023 & 2030 (US$M)
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