Mexico 3-hydroxypropionic Acid Market Size & Outlook

The 3-hydroxypropionic acid market in Mexico is expected to reach a projected revenue of US$ 24.6 million by 2030. A compound annual growth rate of 9.3% is expected of Mexico 3-hydroxypropionic acid market from 2024 to 2030.
Revenue, 2023 (US$M)
$13.2
Forecast, 2030 (US$M)
$24.6
CAGR, 2024 - 2030
9.3%
Report Coverage
Mexico

Mexico 3-hydroxypropionic acid market highlights

  • The Mexico 3-hydroxypropionic acid market generated a revenue of USD 13.2 million in 2023 and is expected to reach USD 24.6 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 9.3% 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 2023USD 13.2 million
Market revenue in 2030USD 24.6 million
Growth rate9.3% (CAGR from 2023 to 2030)
Largest segmentPetroleum
Fastest growing segmentBio-based
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPetroleum, Bio-based
Key market players worldwideCargills Ceylon, Lion Corp, Triveni Interchem, Basf SE ADR, Novozymes


Other key industry trends

  • In terms of revenue, Mexico accounted for 1.8% 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 North America, U.S. 3-hydroxypropionic acid market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 256.7 million by 2030.

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3-Hydroxypropionic Acid Market Companies

Name Profile # Employees HQ Website

Mexico 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 84.09% in 2023. Horizon Databook has segmented the Mexico 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 is expected to grow significantly in the region.

The growth is attributed to the rise of construction businesses and industrial construction in Mexico.

Mexico is the backbone of manufacturing facilities in North America; they cater to the increasing demand from the U.S. and Canada, and their growing infrastructure and low employee rate have led to the developed countries and major players opening new manufacturing facilities in the region.

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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico 3-hydroxypropionic acid market , including forecasts for subscribers. This country databook contains high-level insights into Mexico 3-hydroxypropionic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Mexico 3-hydroxypropionic acid market size, by source, 2018-2030 (US$M)

Mexico 3-Hydroxypropionic Acid Market Outlook Share, 2023 & 2030 (US$M)

Mexico 3-hydroxypropionic acid market size, by source, 2018-2030 (US$M)

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