Market revenue in 2023 | USD 13.2 million |
Market revenue in 2030 | USD 24.6 million |
Growth rate | 9.3% (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 |
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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.
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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