North America 3-hydroxypropionic Acid Market Size & Outlook
North America 3-hydroxypropionic acid market, 2018-2030 (US$M)
Related Markets
North America 3-hydroxypropionic acid market highlights
- The North America 3-hydroxypropionic acid market generated a revenue of USD 165.3 million in 2023.
- The market is expected to grow at a CAGR of 9.7% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 165.3 million |
| Market revenue in 2030 | USD 315.3 million |
| Growth rate | 9.7% (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, North America region accounted for 23.2% 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.
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3-Hydroxypropionic Acid Market Scope
3-Hydroxypropionic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 80.46% in 2023. Horizon Databook has segmented the North America 3-hydroxypropionic acid market based on petroleum, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
The construction industry in North America is expected to witness significant growth in the coming years owing to the high demand for non-residential construction projects such as hospitals, commercial buildings, and colleges.
Implementing the "Affordable Healthcare Act" in 2023 is expected to stimulate the construction of a more significant number of healthcare units and hospitals, which, in turn, is expected to boost the demand for architectural and decorative paints and coatings in the region over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America 3-hydroxypropionic acid market , including forecasts for subscribers. This continent databook contains high-level insights into North America 3-hydroxypropionic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America 3-hydroxypropionic acid market size, by country, 2018-2030 (US$M)
North America 3-Hydroxypropionic Acid Market Outlook Share, 2023 & 2030 (US$M)
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