South Africa 3-hydroxypropionic Acid Market Size & Outlook

The 3-hydroxypropionic acid market in South Africa is expected to reach a projected revenue of US$ 5.8 million by 2030. A compound annual growth rate of 8% is expected of South Africa 3-hydroxypropionic acid market from 2024 to 2030.
Revenue, 2023 (US$M)
$3.4
Forecast, 2030 (US$M)
$5.8
CAGR, 2024 - 2030
7.9%
Report Coverage
South Africa

South Africa 3-hydroxypropionic acid market highlights

  • The South Africa 3-hydroxypropionic acid market generated a revenue of USD 3.4 million in 2023 and is expected to reach USD 5.8 million by 2030.
  • The South Africa market is expected to grow at a CAGR of 8% 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 3.4 million
Market revenue in 2030USD 5.8 million
Growth rate8% (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, South Africa accounted for 0.5% 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 Middle East & Africa, Saudi Arabia 3-hydroxypropionic acid market is projected to lead the regional market in terms of revenue in 2030.
  • Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 9.8 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

3-Hydroxypropionic Acid Market Companies

Name Profile # Employees HQ Website

South 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 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.

Reasons to subscribe to South Africa 3-hydroxypropionic acid market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of South Africa 3-hydroxypropionic acid market databook

  • Our clientele includes a mix of 3-hydroxypropionic acid market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

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.

Partial client list

  • logo

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

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

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

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more