Middle East & Africa 3-hydroxypropionic Acid Market Size & Outlook
Middle East & Africa 3-hydroxypropionic acid market, 2018-2030 (US$M)
Related Markets
MEA 3-hydroxypropionic acid market highlights
- The MEA 3-hydroxypropionic acid market generated a revenue of USD 34.6 million in 2023.
- The market is expected to grow at a CAGR of 8.5% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 34.6 million |
| Market revenue in 2030 | USD 61.3 million |
| Growth rate | 8.5% (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, MEA region accounted for 4.8% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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3-Hydroxypropionic Acid Market Scope
3-Hydroxypropionic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 83.24% in 2023. Horizon Databook has segmented the Middle East & Africa 3-hydroxypropionic acid market based on petroleum, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa market is expected to grow over the forecast period owing to the growing automotive, construction, and cosmetic industries.
This has eventually led to a high demand for raw materials such as 3-hydroxypropionic acid for manufacturing acrylic acid which is further used in paints and coatings.
These paints and coatings are widely used in the automotive and construction industries.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa 3-hydroxypropionic acid market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa 3-hydroxypropionic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA 3-hydroxypropionic acid market size, by country, 2018-2030 (US$M)
Middle East & Africa 3-Hydroxypropionic Acid Market Outlook Share, 2023 & 2030 (US$M)
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