Market revenue in 2023 | USD 3.4 million |
Market revenue in 2030 | USD 5.8 million |
Growth rate | 8% (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 82.35% in 2023. Horizon Databook has segmented the South Africa 3-hydroxypropionic acid market based on petroleum, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa’s 3-hydroxypropionic acid market is expected to grow due to the rise in construction and automotive industries in the region.
Leading to rise in demand for the 3-hydroxypropionic acid which is used as a raw material in the manufacturing of acrylic acid, used in paints and coatings leading to the rising demand for paints and coatings as the construction and automobile industries has a major use in the industries.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa 3-hydroxypropionic acid market , including forecasts for subscribers. This country databook contains high-level insights into South Africa 3-hydroxypropionic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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